California Water Service reports Q3 EPS $1.03, consensus 94c

Reports Q3 revenue $311.2M, consensus $321.35M. According to CEO Martin Kropelnicki, the Company’s strong financial performance reflects continued focus on expense control, investment in water infrastructure, and excellent customer service. “I am pleased with the continued strong execution by our team as we continue to pursue fair and affordable rates for customers, particularly in light of the fact that Cal Water is in the third year of a three-year rate case cycle, which is typically the leanest, most financially challenging year as we wait for regulatory relief,” he said.