SAN JOSE, Calif., April 09, 2024 (GLOBE NEWSWIRE) -- With financial impacts of COVID-19 felt by California Water Service (Cal Water) customers well past the height of the pandemic, Cal Water applied for and has received more than $83.0 million through the California Extended Water and Wastewater Arrearage Payment Program (Extended Program) to relieve residential and commercial customers of past-due balances incurred during the pandemic. The Extended Program, administered by the State Water Resources Control ...

SAN JOSE, Calif., April 04, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE:CWT) today announced that its 2024 first 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, April 25, 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# 8751121, or you may access the live audio webcast at https://edge.media-serve ...

公司信息 - 加利福尼亚水务集团宣布将于2024年4月25日上午9:00发布2024年第一季度收益结果[1] - 加利福尼亚水务集团是加利福尼亚水务、夏威夷水务、新墨西哥水务、华盛顿水务和德克萨斯水务的母公司，为加利福尼亚、夏威夷、新墨西哥、华盛顿和德克萨斯的200多万人提供受管制和非受管制的水和废水服务[3] 电话会议信息 - 股东和投资者可参加电话会议，拨打1-800-715-9871或1-646-307-1963，输入ID 8751121，或在https://edge.media-server.com/mmc/p/bq5mbakr上访问现场音频网络广播[2]

公司减排目标 - 加州水务集团宣布了2035年将绝对范围1和2温室气体排放量减少63%的承诺[1] - 公司采取了深思熟虑的、数据驱动的方法，与独立顾问合作，以实现减排目标[2] 公司业务范围 - 加州水务集团是西部美国最大的受管水务公用事业，通过其受管子公司和公用事业控股公司向加州、夏威夷、新墨西哥、华盛顿和德克萨斯的200多万人提供高质量、可靠的水和/或废水服务[4]

The Zacks Utility - Water Supply industry includes companies that are involved in providing drinking water and wastewater services to industrial, commercial and residential customer classes, along with numerous military bases across the country.A continuous and uninterrupted supply of clean potable water and reliable sewer services are essential for healthy and hygienic living. Water utilities across the United States are silently doing this critical task day in and day out to meet the increasing demand of ...

SAN JOSE, Calif., March 11, 2024 (GLOBE NEWSWIRE) -- The California Public Utilities Commission (CPUC) issued a decision on March 7, 2024 on the 2021 General Rate Case and Infrastructure Improvement Plan for California Water Service (Cal Water), the largest subsidiary of California Water Service Group (NYSE:CWT). The decision marks the end of an extensive review of the utility's water system improvement plans, costs, and rates. The decision adopts a revised version of the alternate proposed decision issued ...

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 Pro ...

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 q ...