secwatch.observer — SEC 8-K summary
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Issuer:     CALIFORNIA WATER SERVICE GROUP (CWT)
CIK:        0001035201
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001104659-24-084688
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

California Water Service Q2 EPS $0.70 vs $0.17 YoY; files $1.6B GRC plan
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- Diluted EPS $0.70 (Q2 2024) vs $0.17 (Q2 2023); net income $40.6M vs $9.6M. Revenue $244.3M vs $194.0M.
- Six-month net income $110.5M ($1.90 diluted EPS) vs net loss $12.7M (-$0.23) YoY; revenue $515.0M vs $325.1M.
- Capital investments $214.4M in H1 2024 (56% of $385M target); $0.28 dividend declared (318th consecutive quarter).
- Filed 2024 California GRC with CPUC proposing $1.6B infrastructure investment over 2025-2027 and rate increases totaling $140.6M in 2026.
- S&P affirmed A+ Stable credit rating for California Water Service Co.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1035201/000110465924084688/0001104659-24-084688-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1035201/000110465924084688/tm2420628d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-084688

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