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AI brief of an SEC Form 8-K · California Water Service (CWT)

California Water Q2 EPS rose to $0.70 from $0.17; net income $40.6 million

Positive Impact 3 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanyCalifornia Water Service (CWT)
Form8-K, current report
Filed with the SECAug 1, 2024, 9:11 AM ET
Accession number0001104659-24-084688

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 01, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.