Every material Form 8-K California Water Service has filed with the SEC since October 27, 2023, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
California Water Service Group reported third-quarter 2026 net income of $65.4 million and diluted EPS of $1.05, up from $61.2 million and $1.03 a year earlier. Revenue rose 6.7% to $332.2 million, while operating expenses rose 3.7% to $249.5 million, and the company said it expects to close its Nevada and Oregon acquisitions in the fourth quarter.
Q3 2026 net income of $65.4 million and diluted EPS of $1.05, compared with $61.2 million and $1.03 in Q3 2025
Q3 2026 revenue of $332.2 million, up $21.0 million or 6.7%; operating expenses rose 3.7% to $249.5 million
Nine-month 2026 net income of $125.9 million, or $2.07 per diluted share, versus $1.96 a year earlier
Company expects to close Nevada and Oregon acquisitions in Q4 2026 and to issue $125.0 million in notes and $150.0 million in bonds by December 31, 2026
California Water Service Group's board declared its 327th consecutive quarterly dividend of $0.3350 per common share on October 28, 2026. The dividend is payable November 20, 2026 to stockholders of record at the close of business on November 9, 2026. The filing covers a routine dividend declaration and does not report financial results or changes to guidance.
Quarterly dividend of $0.3350 per common share, the company's 327th consecutive quarterly dividend
Payable November 20, 2026
Record date is the close of business on November 9, 2026
California Water Service Group reported second-quarter 2026 revenue of $308.6 million, up from $265.0 million a year earlier, and net income of $56.5 million, or $0.93 per diluted share, versus $0.71 in Q2 2025. The results include revenue recognized retroactively to January 1, 2026, after the CPUC issued a final decision on the 2024 California General Rate Case on April 30, 2026, which shareholders should weigh when assessing the quarter.
Q2 2026 revenue was $308.6 million versus $265.0 million in Q2 2025; net income was $56.5 million, or $0.93 per diluted share, versus $0.71.
Q2 results include $15.3 million of IRMA revenue tied to the delayed 2024 CA GRC and new rates, $9.2 million of which related to Q1 2026.
The final 2024 CA GRC decision is expected to increase company-wide revenue by $90.5 million, or 10.9%, in 2026, and the company anticipates investing up to $627 million in 2026.
The Board declared a quarterly dividend of $0.3350 per share, payable August 21, 2026 to holders of record as of August 10, 2026.
California Water Service Group reported first-quarter 2026 net income of $4.0 million, or $0.07 per diluted share, down from $13.3 million, or $0.22, a year earlier, while revenue rose to $214.6 million from $204.0 million. The company said results do not include any benefit from its 2024 California general rate case, for which the CPUC issued a revised proposed decision on April 29, 2026, with a final decision expected April 30, 2026 or shortly after.
Operating revenue was $214.6 million versus $204.0 million; operating expenses were $196.4 million versus $181.6 million.
Water production costs rose $8.3 million, primarily due to higher wholesale water rates.
The revised proposed decision authorizes additional revenue of $90.5 million in 2026 (10.9%), $43.2 million in 2027 and $48.9 million in 2028.
The Board declared a quarterly dividend of $0.3350 per share, payable May 22, 2026 to holders of record May 11, 2026.
California Water Service Group reported fourth-quarter 2025 net income of $11.5 million, or $0.19 per diluted share, down 42% from $19.7 million, or $0.33, a year earlier, as revenue slipped to $220.0 million from $222.2 million. For the full year, net income fell to $128.2 million, or $2.15 per diluted share, from $190.8 million, or $3.25, and the company cited wet December weather and lower customer consumption. The company also agreed to buy Nexus Water Group's Nevada and Oregon subsidiaries for about $218 million, a deal expected to add about 36,000 connections and about $109 million to rate base, with closing targeted by the end of 2026 pending regulatory approvals.
Q4 2025 net income $11.5 million, or $0.19 per diluted share, versus $19.7 million, or $0.33, in Q4 2024
Full-year 2025 net income $128.2 million, or $2.15 per diluted share, versus $190.8 million, or $3.25, in 2024
Nexus acquisition price about $218 million, subject to closing adjustments; expected to close by end of 2026
Annual dividend raised to $1.24 per share, the 58th consecutive annual dividend, per the earnings release
California Water Service Group reported third-quarter 2025 results, with revenue up 3.9% to $311.2 million and net income of $61.2 million, or $1.03 per diluted share, roughly flat with the prior-year quarter. Nine-month GAAP net income fell 31.8% to $116.7 million, mainly because the prior year included $64.0 million of after-tax 2023 interim rate relief, while the company also declared its 323rd consecutive quarterly dividend of $0.30 per share.
Q3 2025 revenue was $311.2 million, up $11.6 million or 3.9% from $299.6 million in Q3 2024.
Q3 2025 net income was $61.2 million and diluted EPS was $1.03, consistent with Q3 2024.
Year-to-date GAAP net income was $116.7 million, or $1.96 per diluted share, versus $2.93 a year earlier; non-GAAP net income rose 9.9%.
The Board declared a quarterly dividend of $0.30 per share, and in the third quarter Cal Water's 2024 General Rate Case interim increases were authorized effective January 1, 2026.
California Water Service Group reported second-quarter 2025 revenue of $265.0 million, up 8.5% from a year earlier, and net income of $42.2 million, or $0.71 per diluted share, versus $0.70 in Q2 2024. For the first six months, net income fell 49.8% to $55.5 million, or $0.93 per diluted share, because the prior-year period included $64.0 million of net 2023 interim rate relief. The company's 2024 California general rate case remains under review, with a final hearing scheduled for August 5, 2025.
Q2 2025 revenue rose $20.7 million, or 8.5%, to $265.0 million; rate changes added $23.9 million.
Year-to-date net income was $55.5 million, or $0.93 per diluted share, down from $110.5 million, or $1.90, in the first half of 2024.
Quarterly dividend of $0.30 per share declared, the 322nd consecutive quarterly dividend.
The 2024 California general rate case final law and motion hearing is scheduled for August 5, 2025.
California Water Service Group entered an equity distribution agreement allowing it to sell common stock worth up to $350.0 million through a group of sales agents over time, through an at-the-market program on the New York Stock Exchange. The company may also enter forward sale agreements and says proceeds would go to general corporate purposes, which shareholders could see as a source of new equity that can dilute existing holders.
Agreement dated May 14, 2025 allows sales of common stock with aggregate gross sales price of up to $350.0 million
Managers receive a commission of 1.0% of gross sales price of shares sold through them as sales agent
Shares to be issued under an automatically effective Form S-3 shelf registration (No. 333-287273)
Company intends to use net proceeds for general corporate purposes, including working capital, construction and acquisition expenditures
California Water Service Group reported first quarter 2025 GAAP net income of $13.3 million, or $0.22 per diluted share, down from $69.9 million, or $1.21 per share, in the first quarter of 2024. The prior-year period included $65.8 million of net income from 2023 interim rate relief, and the company says that after adjusting for this item, net income and diluted EPS rose compared with the prior year.
GAAP net income attributable to the company was $13.3 million, or $0.22 per diluted share, versus $69.9 million, or $1.21 per share, in Q1 2024
Operating revenue was $204.0 million, down $66.7 million from $270.7 million, mainly because Q1 2024 included $90.3 million of 2023 interim rate relief
Excluding that relief, net income rose $9.2 million and diluted EPS rose $0.15 compared with Q1 2024 non-GAAP net income of $4.1 million ($0.07 per share)
The board declared a quarterly dividend of $0.30 per share, the 321st consecutive quarterly dividend; hearings on the 2024 California GRC are expected in May 2025
California Water Service Group reported fourth quarter and full-year 2024 results on February 27, 2025. Full-year operating revenue rose to $1.037 billion from $794.6 million and diluted EPS rose to $3.25 from $0.91, but fourth-quarter net income fell to $19.7 million ($0.33 per diluted share) from $30.1 million ($0.52) despite higher quarterly revenue. For shareholders, the filing also shows the CPUC postponed the company's next cost of capital application to May 1, 2026, and the company declared a $0.30 quarterly dividend plus a $0.04 special dividend.
Full-year 2024 net income attributable to the company was $190.8 million, or $3.25 diluted EPS, versus $51.9 million, or $0.91, in 2023
Q4 2024 operating revenue was $222.2 million, up from $214.5 million, while Q4 net income was $19.7 million versus $30.1 million a year earlier
Capital investment reached a record $471.0 million in 2024, up 23% from the prior year
The CPUC postponed the cost of capital application to May 1, 2026 and the company declared a $0.30 quarterly dividend plus a $0.04 special dividend
California Water Service Group reported third-quarter 2024 results on October 31, 2024. Net income attributable to the company was $60.7 million, up from $34.4 million, and operating revenue rose to $299.6 million from $255.0 million, with management citing the 2021 California General Rate Case decision as a continuing benefit. Because both profit and revenue improved, the results point in a positive direction for shareholders, though the release gives no forward guidance figures.
Q3 2024 diluted EPS was $1.03 versus $0.60 in Q3 2023; nine-month diluted EPS was $2.93 versus $0.38.
Operating revenue was $299.6 million versus $255.0 million; operating expenses were $232.8 million versus $211.5 million.
The company invested a record $332.2 million in infrastructure in the first nine months of 2024, up 21% year over year.
The board declared a quarterly dividend of $0.28 per common share, the 319th consecutive quarterly dividend.
California Water Service Group said its Vice President and Chief Human Resource Officer, Ronald D. Webb, notified the company on August 22, 2024 that he will retire after 10 years of service, effective after the close of business on March 31, 2025. The company expects to name a replacement before that date, so the change is a planned executive transition with no stated effect on financial results.
Ronald D. Webb, Vice President and Chief Human Resource Officer, gave notice on August 22, 2024
Retirement effective after the close of business on March 31, 2025
Company expects to announce a replacement before the retirement date
California Water Service Group reported second-quarter 2024 net income attributable to the company of $40.6 million, up from $9.6 million a year earlier, and diluted EPS of $0.70 versus $0.17. Operating revenue rose 25.9% to $244.3 million, which management linked in part to the 2021 California general rate case decision. The company also filed its 2024 rate case on July 8, 2024, proposing more than $1.6 billion of investment for 2025-2027, a review the filing says will take about 18 months.
Diluted EPS was $0.70 in Q2 2024 versus $0.17 in Q2 2023; net income attributable to the company was $40.6 million versus $9.6 million.
Operating revenue was $244.3 million, up $50.3 million from $194.0 million; rate mechanisms from the 2021 California GRC added $16.7 million.
Operating expenses were $196.1 million versus $178.1 million; six-month diluted EPS was $1.90 versus a loss of $0.23 a year earlier.
On July 8, 2024, Cal Water filed its 2024 GRC proposing more than $1.6 billion of investment in 2025-2027 and rate increases of $140.6 million for 2026.
California Water Service Group reported first-quarter 2024 net income attributable to the company of $69.9 million, or diluted EPS of $1.21, compared with a net loss of $22.2 million, or $(0.40) per share, a year earlier. The results were driven by the California Public Utilities Commission's March 7, 2024 decision on Cal Water's 2021 General Rate Case, which added $111.8 million to operating revenue, including $87.9 million of retroactive interim rate relief related to 2023.
Net income attributable to the company was $69.9 million in Q1 2024 versus a net loss of $22.2 million in Q1 2023; diluted EPS was $1.21 versus $(0.40).
Operating revenue was $270.7 million versus $131.1 million, with the 2021 GRC decision adding $111.8 million, including $87.9 million of retroactive interim rate relief related to 2023.
The CPUC decision authorizes Cal Water to invest approximately $1.2 billion from 2021 through 2024 in infrastructure projects and implements a 10.27% return on equity in California.
The company secured $83.0 million in California arrearage program funding, received after Q1 ended and expected to be applied to customer accounts in Q2 2024; Q1 capital investments totaled $109.8 million, up 33.9%.
California Water Service Group reported 2023 net income attributable to the company of $51.9 million, or $0.91 per diluted share, down from $96.0 million, or $1.77 per share, in 2022. The company attributed the decline primarily to the delayed final decision from the California Public Utilities Commission on its pending 2021 General Rate Case, and said it cannot reasonably estimate the impact on 2023 revenue and expenses until that decision is made.
Full-year 2023 operating revenue was $794.6 million, down $51.8 million from $846.4 million in 2022.
Fourth-quarter 2023 net income attributable to the company was $30.1 million, or $0.52 per diluted share, versus $19.6 million, or $0.35, in the fourth quarter of 2022.
On January 24, 2024, CPUC administrative law judges issued a Proposed Decision and a commissioner issued an Alternate Proposed Decision on the 2021 General Rate Case; the company cannot determine which will be adopted.
The Board increased the quarterly cash dividend by 7.7% to $0.28 per share on January 25, 2024.
California Water Service Group appointed James P. Lynch as Senior Vice President, Chief Financial Officer and Treasurer, effective January 3, 2024, succeeding interim CFO David B. Healey. Healey remains principal financial officer until the Company files its 2023 Form 10-K, and Lynch's annual salary is $470,000.
Lynch was appointed by the Board on January 3, 2024 and formally assumes principal financial officer duties after the 2023 Form 10-K is filed.
David B. Healey, interim Vice President, CFO and Treasurer, remains principal financial officer until that filing.
Lynch, age 64, was previously CFO and Treasurer of SJW Group from October 2010 to January 2022 and a KPMG audit partner before that.
Lynch's annual salary is $470,000, with eligibility for the Company's executive compensation programs.
California Water Service Group expanded its board from ten to eleven directors and elected Jeffrey Kightlinger, a former chief executive of the Metropolitan Water District of Southern California, effective November 1, 2023. The filing describes a governance change with no financial figures attached, so its direct effect on shareholders appears limited.
On October 25, 2023, the Board voted to increase its size from ten to eleven directors and elect Jeffrey Kightlinger, 63, effective November 1, 2023.
Kightlinger was the longest-serving CEO of the Metropolitan Water District of Southern California, which the filing describes as overseeing a $1.8 billion budget.
He will receive non-employee director compensation under the arrangements described in the April 19, 2023 proxy statement, and the company intends to sign its standard indemnification agreement with him.
A press release announcing the election was issued October 26, 2023 and is attached as Exhibit 99.1.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every California Water Service filing is on SEC EDGAR ↗. 8-K briefs of other companies →