NYSE$CWT
California Water Service Group · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Announced first quarter 2021 results with a net loss decrease primarily due to the 2018 General Rate Case decision.
California Water Service Group reported a net loss of $3.0 million, or $0.06 net loss per diluted common share, for the first quarter of 2021, compared to a net loss of $20.3 million, or $0.42 net loss per diluted common share, for the first quarter of 2020. The decrease in net loss was primarily due to the December 2020 decision by the California Public Utilities Commission resolving California Water Service Company’s 2018 General Rate Case.
- Net loss decreased by $17.3 million due to the 2018 General Rate Case decision.
- Operating revenue increased 17.7% to $147.7 million.
- Rate relief and regulatory cost offset mechanisms added $14.0 million to revenue.
- The Company invested $66.8 million in infrastructure improvements during the first quarter of 2021.
Headline financials
Revenue & EPS history
Cal Water · Revenue · Quarterly
$147M
Forward guidance
2021 is shaping up to be a busy year, particularly on the regulatory front. The Company is on track to file California’s GRC for calendar years 2023 through 2025 during the second quarter of 2021 and is filing an application to set their cost of capital for 2022 through 2024.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
-0.6%
Avg return
Earnings day
-0.0%
Avg return
5 days after
+0.9%
Avg return
30 days after
44%
30 / 68 earnings
Positive
+10.0%
Q3 2020
Best reaction
-10.3%
Q2 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -6.9% | -5.2% | -0.7% | |
| Q4 2025 | -4.4% | +0.7% | -3.5% | |
| Q3 2025 | -5.2% | -0.9% | -4.4% | |
| Q1 2025 | -0.8% | -1.6% | -6.7% | |
| Q4 2024 | -2.2% | +1.3% | +5.0% | |
| Q3 2024 | -2.2% | -0.4% | -0.2% | |
| Q2 2024 | +3.1% | -0.9% | +3.5% | |
| Q1 2024 | +2.9% | +5.5% | +8.0% | |
| Q4 2023 | -0.8% | -1.2% | +1.2% | |
| Q3 2023 | +4.5% | +5.0% | +10.4% | |
| Q2 2023 | -1.4% | -1.4% | -2.3% | |
| Q1 2023 | -1.6% | -2.1% | +0.2% | |
| Q4 2022 | -0.8% | -2.8% | +1.7% | |
| Q3 2022 | +7.3% | +5.3% | +15.3% | |
| Q2 2022 | +2.9% | +3.7% | +3.9% | |
| Q1 2022 | -0.7% | -1.4% | +2.9% | |
| Q4 2021 | -2.7% | -1.9% | +1.3% | |
| Q3 2021 | +2.4% | +4.7% | +5.9% | |
| Q2 2021 | +1.8% | +4.4% | +2.3% | |
| Q1 2021 | -1.0% | -0.7% | -4.2% | |
| Q4 2020 | -1.6% | -3.4% | +0.4% | |
| Q3 2020 | +10.0% | +15.6% | +7.5% | |
| Q2 2020 | -5.1% | -5.5% | -6.7% | |
| Q1 2020 | -8.4% | -8.2% | -7.0% | |
| Q4 2019 | -8.9% | -2.4% | -8.9% | |
| Q3 2019 | +2.5% | -2.1% | -6.1% | |
| Q2 2019 | +0.4% | -2.1% | +5.7% | |
| Q1 2019 | -0.3% | +0.9% | +1.5% | |
| Q4 2018 | +1.5% | +2.1% | +4.9% | |
| Q3 2018 | +0.1% | +4.5% | +8.9% | |
| Q2 2018 | +0.2% | +0.2% | +0.2% | |
| Q1 2018 | -1.7% | +1.0% | +3.8% | |
| Q4 2017 | -4.1% | -6.7% | -1.8% | |
| Q3 2017 | +3.4% | +0.8% | +5.6% | |
| Q2 2017 | +1.7% | +1.7% | -4.8% | |
| Q1 2017 | -6.8% | -6.5% | -10.1% | |
| Q4 2016 | +4.2% | +3.5% | -1.3% | |
| Q3 2016 | -6.3% | -4.4% | +9.2% | |
| Q2 2016 | +2.0% | +0.4% | -6.2% | |
| Q1 2016 | -0.5% | — | — | |
| Q4 2015 | +1.0% | — | — | |
| Q3 2015 | -4.7% | — | — | |
| Q2 2015 | -10.3% | — | — | |
| Q1 2015 | -4.2% | — | — | |
| Q4 2014 | +3.2% | — | — | |
| Q3 2014 | +1.8% | — | — | |
| Q2 2014 | -0.1% | — | — | |
| Q1 2014 | -1.2% | — | — | |
| Q4 2013 | +1.0% | — | — | |
| Q3 2013 | +4.4% | — | — | |
| Q2 2013 | -0.7% | — | — | |
| Q1 2013 | -4.0% | — | — | |
| Q4 2012 | +0.2% | — | — | |
| Q3 2012 | -3.8% | — | — | |
| Q2 2012 | -1.6% | — | — | |
| Q1 2012 | +0.2% | — | — | |
| Q4 2011 | -1.7% | — | — | |
| Q3 2011 | -0.3% | — | — | |
| Q2 2011 | -3.1% | — | — | |
| Q1 2010 | -2.1% | — | — | |
| Q1 2011 | +1.0% | — | — | |
| Q4 2010 | +2.9% | — | — | |
| Q4 2008 | +2.9% | — | — | |
| Q3 2009 | -0.9% | — | — | |
| Q3 2010 | -0.9% | — | — | |
| Q4 2009 | +0.2% | — | — | |
| Q2 2009 | +0.2% | — | — | |
| Q2 2010 | +0.2% | — | — |
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