California Water Service Group's First Quarter 2024 Financial Results Benefit from California 2021 General Rate Case Decision [Yahoo! Finance]
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
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Source: Yahoo! Finance
water utility serving California, Hawaii, New Mexico, Washington, and Texas, today reported results for the first quarter of 2024. Highlights included: Diluted earnings per share of $1.21 in Q1 2024, compared to a loss of $0.40 in Q1 2023. A decision on the 2021 California General Rate Case and Infrastructure Improvement Plan (2021 GRC) that authorizes implementation of beneficial regulatory mechanisms, increased revenues, and approximately $1.2 billion in infrastructure improvement projects. Implementation of 10.27% return on equity in California. $83 million in funding secured from the California Extended Water and Wastewater Arrearage Payment Program to relieve residential and commercial customers' past-due balances accrued during the COVID-19 pandemic. Adoption of Scope 1 and 2 greenhouse gas (GHG) emissions reduction targets. According to Chairman and Chief Executive Officer Martin A. Kropelnicki, the finalized 2021 GRC decision provided welcome clarity to stakehold
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News
- California Water Service Group (NYSE:CWT) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- California Water Service Group (NYSE:CWT) Is Due To Pay A Dividend Of $0.28 [Yahoo! Finance]Yahoo! Finance
- California Water Service Group (NYSE: CWT) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- California Water Service Group (NYSE: CWT) had its price target raised by analysts at Robert W. Baird from $52.00 to $55.00. They now have an "outperform" rating on the stock.MarketBeat
- Broker Revenue Forecasts For California Water Service Group (NYSE:CWT) Are Surging Higher [Yahoo! Finance]Yahoo! Finance
CWT
Earnings
- 4/25/24 - Beat
CWT
Sec Filings
- 5/1/24 - Form 4
- 5/1/24 - Form 144
- 5/1/24 - Form DEFA14A
- CWT's page on the SEC website