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

California Water Service Group Q1 profit falls to $4.0 million on pending rate case

Mixed Impact 4 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanyCalifornia Water Service (CWT)
Form8-K, current report
Filed with the SECApr 29, 2026, 9:41 PM ET
Accession number0001104659-26-051949

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:38 AM ET, from the text of the filing and its press-release exhibits 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 April 29, 2026.

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.