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Stock impact report

California Water Service Group (CWT) Faces Regulatory Delays Impacting 2023 Earnings [Yahoo! Finance]

California Water Service Group (CWT) 
Last california water service group earnings: 4/30 09:00 am Check Earnings Report
US:NYSE Investor Relations: ir.calwatergroup.com
Company Research Source: Yahoo! Finance
Operating Revenue : 2023 operating revenue decreased by $51.8 million to $794.6 million. Operating Expenses : Slight decrease in total operating expenses to $717.5 million in 2023. Dividends : The Board of Directors approved a 7.7% increase in quarterly cash dividend to $0.28 per share. Capital Investments : CWT's capital investments rose by 17.1% to $383.7 million in 2023. Liquidity and Financing : Maintained strong liquidity with $85.0 million in cash and $420.0 million in additional short-term borrowing capacity. Warning! GuruFocus has detected 7 Warning Signs with CWT. On February 29, 2024, California Water Service Group ( NYSE:CWT ) released its 8-K filing , disclosing its financial performance for the year and fourth quarter of 2023. The company, a leading U.S. water and utilities holding company operating primarily in California, faced a challenging year with a significant decrease in net income attributable to CWT, which was primarily due to regulatory delays impa Show less Read more
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