California Water Service (CWT) Reports Q1 Loss of $0.42/sh
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California Water Service Group Announces First Quarter 2020 Results
April 30, 2020 9:00 AM EDTSAN JOSE, Calif., April 30, 2020 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) (the Company) today announced a net loss of $20.3 million or $0.42 net loss per diluted common share for the first quarter of 2020, compared to a net loss of $7.6 million or $0.16 net loss per diluted common share for the first quarter of 2019.
The $12.7 million increase in net loss was primarily due to the lack of resolution of the California General Rate Case (GRC). First quarter results did not include general rate relief and revenue increases from previously approved regulatory mechanisms that would have offset... More
