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

California Water Service Group Q2 net income rises to $56.5 million from $42.2 million

Positive Impact 3 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanyCalifornia Water Service (CWT)
Form8-K, current report
Filed with the SECJul 29, 2026, 9:47 PM ET
Accession number0001104659-26-088379

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 July 29, 2026.

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.