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

California Water Q3 diluted EPS $1.03 vs $0.60; net income $60.7 million

Positive Impact 3 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanyCalifornia Water Service (CWT)
Form8-K, current report
Filed with the SECOct 31, 2024, 9:16 AM ET
Accession number0001104659-24-112894

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 October 31, 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.