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California Water Service Group Revenue Rises 6.7% to $332.2 Million

GAAP earnings per share were $1.05. Rate changes and new customers added $22.1 million in revenue, while lower water use reduced it by $4.4 million.

A brass water meter channels a narrow stream into a copper pipe / TokenPost.ai (macro)
A brass water meter channels a narrow stream into a copper pipe / TokenPost.ai (macro)

California Water Service Group's revenue rose 6.7% year over year to $332.2 million, with rate changes and new customers lifting sales as lower water use offset part of the gain.

GAAP earnings per share were $1.05. Rate changes and new customer additions contributed $22.1 million in revenue, while changes in the Drought Response Memorandum Account added $3.9 million.

Lower customer water use reduced revenue by $4.4 million.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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