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Equity
 6 Months Ended
Jun. 30, 2024
Equity [Abstract]  
Equity Equity
On April 29, 2022, the Company entered into an equity distribution agreement to sell shares of its common stock having an aggregate gross sales price of up to $350.0 million from time to time depending on market conditions through an at-the-market equity program over the next three years. The Company intends to use the net proceeds from these sales, after deducting commissions and offering expenses, for general corporate purposes, which may include working capital, construction and acquisition expenditures, investments and repurchases, and redemptions of securities. The Company sold 1,000,000 shares of common stock through its at-the-market equity program and raised proceeds of $52.0 million, net of $0.5 million in commissions paid under the equity distribution agreement, during the three and six months ended June 30, 2024.
During the three months ended June 30, 2023, the Company sold 1,699,849 shares of common stock through its at-the market equity program and raised proceeds of $94.5 million, net of $1.0 million in sales commissions. During the six months ended June 30, 2023, the Company sold 2,025,891 shares of common stock through its at-the-market equity program and raised proceeds of $112.7 million, net of $1.1 million in sales commissions.
The Company’s changes in total equity for the six months ended June 30, 2024 and 2023 were as follows:
Six Months Ended June 30, 2024
 Common StockAdditional
Paid-in
Capital		Retained
Earnings
Accumulated Other Comprehensive Loss
Noncontrolling InterestsTotal Equity
 SharesAmount
 (In thousands)
Balance at January 1, 202457,724 $577 $876,583 $549,573 $— $3,579 $1,430,312 
Net income— — — 69,917 — (227)69,690 
Issuance of common stock55 1 1,506 — — — 1,507 
Repurchase of common stock(25)— (1,142)— — — (1,142)
Dividends paid on common stock ($0.2800 per share)
— — — (16,164)— — (16,164)
Adjustment for unrecoverable pension benefit plan costs— — — — (13,663)— (13,663)
Amounts reclassified to earnings (a)— — — — 297 — 297 
Investment in business with noncontrolling interest
— — (53)— — 53 — 
Balance at March 31, 202457,754 578 876,894 603,326 (13,366)3,405 1,470,837 
Net income— — — 40,551 — (174)40,377 
Issuance of common stock1,073 10 52,923 — — — 52,933 
Repurchase of common stock(2)— (93)— — — (93)
Dividends paid on common stock ($0.2800 per share)
— — — (16,172)— — (16,172)
Amounts reclassified to earnings (a)— — — — 298 — 298 
Investment in business with noncontrolling interest
— — (348)— — 348 — 
Distribution to noncontrolling interest— — — — — (489)(489)
Balance at June 30, 202458,825 $588 $929,376 $627,705 $(13,068)$3,090 $1,547,691 
(a) This accumulated other comprehensive loss component is included in the computation of net periodic costs for the Company’s supplemental executive retirement plan (SERP), specifically the following components: amortization of unrecognized (gain) loss and amortization of prior service credit.
Six Months Ended June 30, 2023
 Common StockAdditional
Paid-in
Capital		Retained
Earnings		Noncontrolling InterestsTotal Equity
 SharesAmount
 (In thousands)
Balance at January 1, 202355,598 $556 $760,336 $556,698 $4,804 $1,322,394 
Net loss— — — (22,211)(123)(22,334)
Issuance of common stock420 4 17,380 — — 17,384 
Repurchase of common stock(27)— — — — — 
Dividends paid on common stock ($0.2600 per share)
— — — (14,456)— (14,456)
Investment in business with noncontrolling interest
— — (111)— 111 — 
Balance at March 31, 202355,991 560 777,605 520,031 4,792 1,302,988 
Net income (loss)— — — 9,556 (109)9,447 
Issuance of common stock1,713 17 96,482 — — 96,499 
Repurchase of common stock(2)— (108)— — (108)
Dividends paid on common stock ($0.2600 per share)
— — — (14,571)— (14,571)
Investment in business with noncontrolling interest
— — (56)— 56 — 
Distribution to noncontrolling interest— — — — (288)(288)
Balance at June 30, 202357,702 $577 $873,923 $515,016 $4,451 $1,393,967 
In Cal Water’s 2021 GRC decision that was issued in March of 2024, SERP expenses were not approved to be recovered from customers for the years 2023, 2024 and 2025. Without regulatory recovery, Cal Water no longer meets the regulatory asset recognition criteria to record the unrecognized prior service costs and actuarial gain and loss amounts related to the SERP as a regulatory asset. The Company has applied compensation recognition guidance and recorded the unrecognized prior service costs and actuarial gains and losses to accumulated other comprehensive loss. In the first quarter of 2024, the Company reclassified $13.7 million to accumulated other comprehensive loss, which is Cal Water’s cumulative portion of the regulatory asset.