California Water Service Group Announces First Quarter 2020 Results
California Water Service Group (CWT)
Last california water service group earnings: 4/30 09:00 am
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US:NYSE Investor Relations:
ir.calwatergroup.com
Company Research
Source: GlobeNewswire
SAN JOSE, Calif., April 30, 2020 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) (the “Company”) today announced a net loss of $20.3 million or $0.42 net loss per diluted common share for the first quarter of 2020, compared to a net loss of $7.6 million or $0.16 net loss per diluted common share for the first quarter of 2019. The $12.7 million increase in net loss was primarily due to the lack of resolution of the California General Rate Case (“GRC”). First quarter results did not include general rate relief and revenue increases from previously approved regulatory mechanisms that would have offset increases in water production costs of $8.4 million, employee pension benefit costs of $2.2 million, and depreciation expense of $2.1 million. Also, the deferral of Water Revenue Adjustment Mechanism (“WRAM”) revenues expected to be collected beyond 24 months reduced pre-tax income by $1.1 million. If the California Public Utilities Commission (the “CPUC”) had approved th
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CWT
Earnings
- 2/25/26 - Miss
CWT
Sec Filings
- 3/5/26 - Form 4
- 3/5/26 - Form 4
- 3/5/26 - Form 4
- CWT's page on the SEC website