California Water Service Q2 net income $56.5M ($0.93/diluted), up 34% YoY; dividend raised 8% to $1.34 annualized

CALIFORNIA WATER SERVICE GROUP

Q2 net income $56.5M ($0.93 diluted) vs $42.2M ($0.71) YoY; revenue $308.6M vs $265.0M.
Board declares $0.3350 quarterly dividend, 8% annual increase to $1.34; 326th consecutive quarterly dividend.
Record infrastructure investment of $147M in Q2, $276.4M YTD; full-year 2026 capex up to $627M.
CPUC final decision on 2024 CA GRC authorizes rate increases: $90.5M (10.9%) in 2026, $43.2M in 2027, $48.9M in 2028.
Acquisition of Nexus Water Group's NV/OR systems for ~$218M (36,000 customer equivalents) on track; regulatory applications filed.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.