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

California Water: 2024 EPS rose to $3.25; Q4 net income fell to $19.7 million

Mixed Impact 3 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanyCalifornia Water Service (CWT)
Form8-K, current report
Filed with the SECFeb 27, 2025, 9:15 AM ET
Accession number0001104659-25-017914

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 February 27, 2025.

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.