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California Water Service(CWT) - 2023 Q4 - Earnings Call Presentation
2024-02-29 23:27
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 ...
California Water Service Group Announces 2023 Earnings for Year and Fourth Quarter
Newsfilter· 2024-02-29 22:00
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 ...
California Water Service(CWT) - 2023 Q4 - Annual Report
2024-02-29 00:00
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 ...
California Water Service(CWT) - 2023 Q4 - Annual Results
2024-02-29 00:00
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]
What's in Store for California Water (CWT) in Q4 Earnings?
Zacks Investment Research· 2024-02-27 00:56
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 PlayDuring 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 fourth ...
California Water Service Group Schedules 2023 Full-Year and Fourth-Quarter Earnings Results Announcement and Conference Call
Newsfilter· 2024-02-09 06:20
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:/ ...
California Water Service Group Schedules 2023 Full-Year and Fourth-Quarter Earnings Results Announcement and Conference Call
GlobeNewsWire· 2024-02-09 06:20
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: ...
California Water Service Group Donates More than $1.5 Million to Local Community Organizations in 2023
Newsfilter· 2024-02-01 05:15
SAN JOSE, Calif., Jan. 31, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE:CWT) contributed $1.56 million in 2023 to charitable organizations and first responders in its communities, just one of the many ways it demonstrates its commitment to enhancing the quality of life for those it serves. Last year, Group allocated 22% of its community giving efforts to support at-risk, underserved, and disadvantaged communities. An additional 22% went to community improvement efforts across the ut ...
Down -12.51% in 4 Weeks, Here's Why You Should You Buy the Dip in California Water Service Group (CWT)
Zacks Investment Research· 2024-01-29 23:36
A downtrend has been apparent in California Water Service Group (CWT) lately with too much selling pressure. The stock has declined 12.5% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical ...
Cal Water Receives Proposed Decision and Alternate Proposed Decision on 2021 General Rate Case
Newsfilter· 2024-01-27 08:30
CPUC提案决定 - 加利福尼亚公用事业委员会(CPUC)发布了对加利福尼亚水务公司(Cal Water)2021年普通费率案的提案决定[1] - Cal Water正在审查提案决定和备选提案决定[2] - 参与普通费率案的各方可以在2024年2月13日前对提案进行评论[3]