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Stock impact report

California Water Service Group Reports Fourth Quarter and Full Year 2024 Results

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: GlobeNewswire
SAN JOSE, Calif., Feb. 27, 2025 (GLOBE NEWSWIRE) --  California Water Service Group (Group or Company, NYSE: CWT), a leading publicly traded water utility serving California, Hawaii, New Mexico, Washington, and Texas, today reported financial results for the fourth quarter and full year of 2024. Highlights included: 2024 operating revenue of $1.037 billion, compared to $794.6 million in 2023Diluted earnings per share of $3.25 in 2024, compared to $0.91 in 2023Record capital investment of $471.0 million in water system infrastructureAuthorization from the California Public Utilities Commission (CPUC) to postpone the 2025 Cost of Capital Application to May 1, 2026, maintaining the current 10.27% return on equity plus or minus any changes from the Water Cost of Capital Mechanism (WCCM)Timely progress on California 2024 General Rate Case and Infrastructure Improvement Plan (GRC) filing Scoping Memo and Ruling issued in November 2024Subsequent to year end, public participation hearings Show less Read more
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