California Water Service Group Q1 EPS $1.21 vs loss $0.40; 2021 GRC decision boosts revenue $111.8M

CALIFORNIA WATER SERVICE GROUP

2024-Q1 EPS reported $1.21 revenue$154,900,000

Net income $69.9M vs ($22.2M); diluted EPS $1.21 vs ($0.40).
Operating revenue $270.7M, up $139.6M YoY; 2021 GRC decision contributed $111.8M including $87.9M retroactive interim rate relief.
2021 GRC authorizes $1.2B infrastructure investment, 10.27% ROE, and retroactive revenue increase of $41.5M for 2023.
Secured $83.0M from California Extended Water and Wastewater Arrearage Payment Program for customer pandemic past-due balances.
Q1 capital investments $109.8M, up 33.9%; reaffirms $215.0M PFAS treatment commitment across utilities.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

CALIFORNIA WATER SERVICE GROUP reported financial results for the first quarter of 2024, ended March 31, 2024.

Period: the first quarter of 2024, ended March 31, 2024
Result: reported results

Exact text from the filing

On April 25, 2024, California Water Service Group (the “Company”) issued a press release (a copy of which is attached hereto as Exhibit 99.1 and incorporated herein by reference) announcing its financial results for the first quarter of 2024, ended March 31, 2024.

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Source: SEC EDGAR

accession 0001104659-24-051475

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