Cal Water reports FY2024 EPS $3.25 (up from $0.91); record $471M capex; dividend raised to $1.24 annual

CALIFORNIA WATER SERVICE GROUP

2024-FY EPS reported $3.25 revenue$905,623,000

Full year 2024 operating revenue $1.037B (+30.5% YoY); diluted EPS $3.25 vs $0.91 in 2023.
Record capital investment $471.0M in infrastructure, up 23% YoY.
CPUC authorized postponement of 2025 Cost of Capital application to May 2026; maintains 10.27% ROE.
Declared 320th consecutive quarterly dividend of $0.30 plus $0.04 special; annual dividend rises to $1.24.
FY2024 results include $87.5M of 2023 interim rate relief revenue from 2021 GRC adoption in Q1 2024.

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