Every material Form 8-K California Water Service filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
California Water Service Group reported third-quarter 2025 results, with revenue up 3.9% to $311.2 million and net income of $61.2 million, or $1.03 per diluted share, roughly flat with the prior-year quarter. Nine-month GAAP net income fell 31.8% to $116.7 million, mainly because the prior year included $64.0 million of after-tax 2023 interim rate relief, while the company also declared its 323rd consecutive quarterly dividend of $0.30 per share.
Q3 2025 revenue was $311.2 million, up $11.6 million or 3.9% from $299.6 million in Q3 2024.
Q3 2025 net income was $61.2 million and diluted EPS was $1.03, consistent with Q3 2024.
Year-to-date GAAP net income was $116.7 million, or $1.96 per diluted share, versus $2.93 a year earlier; non-GAAP net income rose 9.9%.
The Board declared a quarterly dividend of $0.30 per share, and in the third quarter Cal Water's 2024 General Rate Case interim increases were authorized effective January 1, 2026.
California Water Service Group reported second-quarter 2025 revenue of $265.0 million, up 8.5% from a year earlier, and net income of $42.2 million, or $0.71 per diluted share, versus $0.70 in Q2 2024. For the first six months, net income fell 49.8% to $55.5 million, or $0.93 per diluted share, because the prior-year period included $64.0 million of net 2023 interim rate relief. The company's 2024 California general rate case remains under review, with a final hearing scheduled for August 5, 2025.
Q2 2025 revenue rose $20.7 million, or 8.5%, to $265.0 million; rate changes added $23.9 million.
Year-to-date net income was $55.5 million, or $0.93 per diluted share, down from $110.5 million, or $1.90, in the first half of 2024.
Quarterly dividend of $0.30 per share declared, the 322nd consecutive quarterly dividend.
The 2024 California general rate case final law and motion hearing is scheduled for August 5, 2025.
California Water Service Group entered an equity distribution agreement allowing it to sell common stock worth up to $350.0 million through a group of sales agents over time, through an at-the-market program on the New York Stock Exchange. The company may also enter forward sale agreements and says proceeds would go to general corporate purposes, which shareholders could see as a source of new equity that can dilute existing holders.
Agreement dated May 14, 2025 allows sales of common stock with aggregate gross sales price of up to $350.0 million
Managers receive a commission of 1.0% of gross sales price of shares sold through them as sales agent
Shares to be issued under an automatically effective Form S-3 shelf registration (No. 333-287273)
Company intends to use net proceeds for general corporate purposes, including working capital, construction and acquisition expenditures
California Water Service Group reported first quarter 2025 GAAP net income of $13.3 million, or $0.22 per diluted share, down from $69.9 million, or $1.21 per share, in the first quarter of 2024. The prior-year period included $65.8 million of net income from 2023 interim rate relief, and the company says that after adjusting for this item, net income and diluted EPS rose compared with the prior year.
GAAP net income attributable to the company was $13.3 million, or $0.22 per diluted share, versus $69.9 million, or $1.21 per share, in Q1 2024
Operating revenue was $204.0 million, down $66.7 million from $270.7 million, mainly because Q1 2024 included $90.3 million of 2023 interim rate relief
Excluding that relief, net income rose $9.2 million and diluted EPS rose $0.15 compared with Q1 2024 non-GAAP net income of $4.1 million ($0.07 per share)
The board declared a quarterly dividend of $0.30 per share, the 321st consecutive quarterly dividend; hearings on the 2024 California GRC are expected in May 2025
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.
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
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every California Water Service filing is on SEC EDGAR ↗. 8-K briefs of other companies →