California Water Service Group’s (CWT) investment plans in infrastructure and efficient services are expected to help expand its customer base. The company is expanding its operations through acquisitions and regulated and non-regulated activities that will further boost its performance. Given its growth opportunities, CWT makes for a solid investment option in the utility sector. Let’s focus on the factors that make this currently Zacks Rank #2 (Buy) company a strong investment pick at the moment. Growth P ...

财务数据和关键指标变化 - 2023年全年净收入为51.9百万美元,较2022年的96百万美元下降45.9% [19] - 2023年每股摊薄收益为0.91美元,较2022年的1.77美元下降48.4% [19] - 2023年全年营业收入为794.6百万美元,较2022年的846.4百万美元下降6.1% [23] - 2023年全年总营业费用为717.5百万美元,较2022年的718.8百万美元下降1.3% [25] - 2023年第四季度净收入为30.1百万美元,较2022年同期的19.6百万美元增加10.6百万美元 [40] 各条业务线数据和关键指标变化 - 无具体提及各业务线的数据和指标变化情况 [无] 各个市场数据和关键指标变化 - 无具体提及各市场的数据和指标变化情况 [无] 公司战略和发展方向及行业竞争 - 公司2023年完成6笔业务发展交易,过去5年共完成21笔交易 [64] - 公司关注Eversource出售其水务业务的机会,但也担心康涅狄格州的监管环境 [66] - 公司持续推进ESG计划,将在3月公布范围1和范围2温室气体减排目标 [79] - 公司将于7月提交2024年综合费率申请,包括新的解耦机制 [79] 管理层对经营环境和未来前景的评论 - 管理层对2021年综合费率案件的延迟表示失望,但认为公司基本面仍然良好 [68][69] - 管理层认为公司基本面良好,资产基础增长强劲,有信心继续推进资本投资计划 [108][109] 问答环节重要的提问和回答 问题1 **Gregg Orrill 提问** 对于即将进行的加州最高法院关于解耦机制的听证会,公司是否有进一步的预期? [84] **Marty Kropelnicki 回答** 公司收到法院通知,将在未来几个月内安排听证会,公司期待最终裁决能够废除解耦机制 [85][86] 问题2 **Jonathan Reeder 提问** 公司2024年资本支出计划是否会因2021年综合费率案件的结果而调整? [109][110] **Marty Kropelnicki 回答** 即使2021年费率案结果不利,公司也将继续推进必要的资本投资计划,只是具体的回收机制可能会有所不同 [111][112][113]

财务表现 - California Water Service Group (CWT)在2023年第四季度调整后的每股收益为52美分，低于Zacks Consensus Estimate的$1.50，下降了65.3%[1] - 全年2023年的收入为91美分，比去年的$1.77下降了48.6%[1] - 运营收入总额为2.145亿美元，低于Zacks Consensus Estimate的2.78亿美元，同比增长6.7%[2] - California Water的总运营费用为1.793亿美元，比去年同期的1.747亿美元增长了2.6%[3] - 利息支出为1300万美元，比去年同期的1170万美元增长了11.1%[4]

California Water Service Group (CWT) came out with quarterly earnings of $0.52 per share, missing the Zacks Consensus Estimate of $1.50 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -65.33%. A quarter ago, it was expected that this water utility would post earnings of $0.54 per share when it actually produced earnings of $0.60, delivering a surprise of 11.11%. Over the last four ...

C A L I F O R N I A WATER SERVICE GROUP I N V E S T I N G F O R L I F E CWT L I S T E D NYSE 2023 Year and Fourth Quarter Earnings Results Presentations February 29, (2024) Forward-Looking Statements This presentation contains forward-looking statements within the meaning established by the Private Securities Litigation Reform Act of 1995 ("PSLRA"). The forward-looking statements are intended to qualify under provisions of the federal securities laws for "safe harbor" treatment established by the PSLRA. For ...

SAN JOSE, Calif., Feb. 29, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE:CWT) ("Company" or "CWT") today announced 2023 full year net income attributable to CWT of $51.9 million and diluted earnings per share of $0.91 for 2023, as compared to net income attributable to CWT of $96.0 million and diluted earnings per share of $1.77 for 2022. The $44.1 million decrease in net income was primarily due to the delayed final decision from the California Public Utilities Commission ("CPUC") on Califo ...

Use these links to rapidly review the document TABLE OF CONTENTS Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file No. 1-13883 CALIFORNIA WATER SERVICE GROUP (Exact name of registrant as ...

财务表现 - 2023年全年净利润为5190万美元，每股摊薄收益为0.91美元，较2022年净利润9600万美元和每股摊薄收益1.77美元有所下降[1] - 2023年营业收入为7.946亿美元，较2022年的8.464亿美元下降，主要由于水收入调整机制和成本平衡账户收入减少，客户用水量减少，递延收入增加导致[5] - 2023年水生产成本增加320万美元，主要是由于购买电力和泵税的费用增加[6] - 2023年管理和一般费用增加950万美元，主要是由于员工工资和员工福利成本增加[7] - 2023年其他运营费用减少370万美元，主要是由于与递延收入增加相关的成本减少[8] - 2023年折旧和摊销费用增加660万美元，主要是由于2022年投入使用的公用事业设施[9] - 2023年所得税收益增加1850万美元，主要是由于2021年GRC的监管批准延迟导致的税前营业收入减少[10] - 2023年净其他收入增加1210万美元，主要是由于非合格福利计划投资的未实现收益增加[12] - 2023年净利息支出增加550万美元，主要是由于短期借款利率上升和短期信贷额度增加[13] 财务状况 - 2023年12月31日的资产总额为4595533千美元[34] - 2023年12月31日的净营业收入为214512千美元[35] - 2023年12月31日的净利润为29938千美元[35] - 2023年12月31日的每股收益为0.52美元[35] - 2023年12月31日的净利润为51376千美元[36] - 2023年12月31日的每股收益为0.91美元[36]

California Water Service Group (CWT) is scheduled to release fourth-quarter 2023 earnings on Feb 29 before market close. The company delivered a positive earnings surprise of 11.11% in the last quarter. Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results. Factors at Play During the fourth quarter, California Water is expected to have benefited from new rate implementations in its service territories. Contributions from acquired assets also boosted earnings in the four ...

SAN JOSE, Calif., Feb. 08, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) today announced that its 2023 full-year and fourth-quarter earnings results will be released at 9:00 a.m. ET with its earnings conference call to follow at 11:00 a.m. ET on Thursday, February 29, 2024. All stockholders and interested investors are invited to attend the conference call. To attend, please dial 1-800- 715-9871 or 1-646-307-1963 and key in ID# 4241548, or you may access the live audio webcast at https ...