Empowering Local Teams with National Scale: New Brand Reflects Unified Mission to Deliver High-Quality, Reliable Water NationwideSAN JOSE, Calif., May 06, 2025 (GLOBE NEWSWIRE) -- SJW Group (NASDAQ: SJW), a leading investor-owned, pure-play water and wastewater utility, today announced that it has changed its name to H2O America and unveiled a new logo and corporate brand. The company also announced a new Nasdaq ticker symbol, HTO, which takes effect today and replaces its former symbol, SJW. The new name r ...

Group 1 - Friedrich Global Research focuses on identifying high-quality companies for stock investment, emphasizing free cash flow, efficient capital allocation, and superior management performance [1] - The founder of Bern Factor LLC has extensive experience in investment analysis, with a background in both quantitative and qualitative analysis, as well as technical analysis [2] - The founder's diverse career experience spans multiple sectors, providing a broad perspective on macroeconomics and detailed operational insights [2] Group 2 - The analyst has disclosed no current stock positions in the mentioned companies but may consider initiating a short position in SJW within the next 72 hours [3] - The analysis presented is based on objective observations from research, without any intention to provide specific investment advice [4] - Seeking Alpha emphasizes that past performance does not guarantee future results and that opinions expressed may not reflect the views of the platform as a whole [5]

First Quarter 2025 Financial Results Presentation On Today's Call Andrew Walters 2 2 Forward-Looking Statements Safe Harbor This presentation contains forward-looking statements within the meaning of the federal securities laws relating to future events and future results of SJW Group and its subsidiaries that are based on current expectations, estimates, forecasts, and projections about SJW Group and its subsidiaries and the industries in which SJW Group and its subsidiaries operate and the beliefs and ass ...

Financial Data and Key Metrics Changes - In Q1 2025, the company reported GAAP diluted EPS of $0.49 and adjusted diluted EPS of $0.50, reflecting a nearly 41% increase in net income compared to Q1 2024 [10][14] - Revenue for Q1 2025 was $167.6 million, a 12% increase from $149.4 million in Q1 2024, primarily due to rate increases in California and Connecticut [15][16] - GAAP net income was $16.6 million, a 41% increase year-over-year, while adjusted net income was $16.7 million, a 43% increase [15][16] Business Line Data and Key Metrics Changes - The company invested $70.8 million in water and wastewater utility infrastructure across four states in Q1 2025, on track to meet its 2025 capital plan [9][12] - The completion of successful general rate cases in California and Connecticut has reduced regulatory risk, with these states generating 90% of the company's water utility services net income in 2024 [11] Market Data and Key Metrics Changes - The new rates for San Jose Water effective January 1, 2025, support $450 million in capital expenditures over three years, with a total revenue increase of 9.4% [22] - In Connecticut, a $1.6 million revenue increase was authorized effective April 1, 2025, with a cumulative surcharge now at 4.9% [24][25] Company Strategy and Development Direction - The company is focused on a long-term growth strategy that includes a robust $2 billion capital plan and opportunistic acquisitions that benefit customers [12][60] - The company aims to maintain affordability while investing in infrastructure and enhancing operational efficiencies through technology advancements [31][33] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's performance for 2025, expecting to meet guidance of adjusted diluted EPS between $2.9 and $3 [14][45] - The leadership transition is progressing smoothly, with a focus on maintaining a strong culture of safety and service [35][68] Other Important Information - The company raised its credit outlook to stable, indicating a commitment to maintaining a strong credit rating [13] - The company is exploring a Water Quality and Treatment Adjustment mechanism to improve regulatory recovery processes [48][51] Q&A Session Summary Question: Can you frame where you're trending relative to guidance for the year? - Management indicated they are trending right on plan for the year and expect to meet the guidance of $2.9 to $3 [42][45] Question: What is the potential impact of the WQTA mechanism? - The WQTA is expected to streamline recovery for environmental improvements, enhancing regulatory capabilities for timely recovery [50][52] Question: Are there specific states in mind for potential acquisitions? - Management highlighted Texas as a prime area for continued acquisition activity, with additional opportunities in California, Connecticut, and Maine [58][60]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-8966 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 110 West Taylor ...

SJW (SJW) came out with quarterly earnings of $0.50 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.36 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 42.86%. A quarter ago, it was expected that this parent of San Jose Water Co. Would post earnings of $0.55 per share when it actually produced earnings of $0.74, delivering a surprise of 34.55%.Over the last four quarters, the ...

Financial Performance - Net income for Q1 2025 was $16.6 million, a 41% increase from $11.7 million in Q1 2024, with diluted EPS rising to $0.49, a 36% increase year-over-year [3]. - Adjusted net income for Q1 2025 was $16.7 million, a 43% increase compared to the prior year, with adjusted diluted EPS at $0.50, a 39% increase [3]. - Net income for Q1 2025 reached $16,551,000, up 41.5% from $11,699,000 in Q1 2024 [31]. - Diluted earnings per share increased to $0.49 in Q1 2025, compared to $0.36 in Q1 2024, reflecting a growth of 36.1% [31]. Revenue and Operating Performance - Operating revenue for Q1 2025 reached $167.6 million, up 12% from $149.4 million in the same quarter last year, driven by rate increases of $17.2 million and higher customer usage of $1.0 million [5]. - Operating revenue for Q1 2025 was $167,599,000, an increase of 12.2% compared to $149,382,000 in Q1 2024 [31]. - Operating expenses for Q1 2025 were $131.7 million, an 8% increase from $121.5 million in Q1 2024, primarily due to higher water production and administrative costs [5]. - Total operating expenses rose to $131,703,000 in Q1 2025, a 8.5% increase from $121,469,000 in Q1 2024 [31]. Capital Expenditures and Investments - Capital expenditures in Q1 2025 totaled $78.2 million, representing approximately 17% of the planned $473 million for the full year [6]. - Connecticut Water received a $1.6 million revenue increase effective April 1, 2025, for infrastructure investment projects [12]. - Maine Water anticipates a decision on a GRC application requesting a 15.9% increase in annual revenues, expected in Q2 2025 [14]. Dividends and Shareholder Returns - The company declared a quarterly cash dividend of $0.42 per share, with an expected annualized dividend of $1.68 per share for 2025, compared to $1.60 per share in 2024 [19]. Guidance and Future Projections - The company affirms 2025 adjusted diluted EPS guidance of $2.90 to $3.00, with long-term growth projected at 5% to 7% through 2029 [18]. Balance Sheet and Cash Flow - Cash and cash equivalents increased to $23,696,000 as of March 31, 2025, up from $11,114,000 at December 31, 2024 [34]. - Total assets as of March 31, 2025, were $4,728,810,000, an increase from $4,658,309,000 at December 31, 2024 [36]. - Stockholders' equity rose to $1,397,337,000 as of March 31, 2025, compared to $1,366,974,000 at December 31, 2024 [36]. - The current portion of long-term debt increased to $18,665,000 as of March 31, 2025, from $3,648,000 at December 31, 2024 [36]. Mergers and Acquisitions - The company incurred $254,000 in expenses related to merger and acquisition activities during Q1 2025 [39].

First quarter 2025 reported diluted EPS of $0.49, a 36% increase in diluted EPS over the prior year, and adjusted diluted EPS of $0.50, a 39% increase in adjusted diluted EPS over the prior yearFirst quarter 2025 infrastructure investment was $78.2 million2, on track for full-year capital expenditures of $473 million2 due to seasonality of the construction seasonDeclares $0.42 cash dividend per share of common stock SAN JOSE, Calif., April 28, 2025 (GLOBE NEWSWIRE) -- SJW Group (NASDAQ: SJW) today reported ...

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for SJW despite higher revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - SJW is expected to report quarterly earnings of $0.35 per share, reflecting a year-over-year decrease of 2.8%, while revenues are projected to be $155.37 million, an increase of 4% from the previous year [3]. - The consensus EPS estimate has been revised down by 2.68% over the last 30 days, indicating a reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive Earnings ESP reading indicates a likely earnings beat, particularly when combined with a strong Zacks Rank [8][10]. - For SJW, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +7.14% and a Zacks Rank of 2, suggesting a high probability of beating the consensus EPS estimate [11]. Historical Performance - SJW has a history of exceeding consensus EPS estimates, having beaten expectations in three out of the last four quarters, including a notable surprise of +34.55% in the last reported quarter [12][13]. Conclusion - SJW is positioned as a compelling candidate for an earnings beat, but investors should consider additional factors beyond earnings results when making investment decisions [14][16].

Kay R. New Kay R. New appointed Chief Human Resources Officer of SJW Group effective April 21, 2025. SAN JOSE, Calif., April 21, 2025 (GLOBE NEWSWIRE) -- SJW Group (NASDAQ: SJW), a leading national investor-owned pure-play water and wastewater utility, today announced that its board of directors has appointed Kay R. New as chief human resources officer (CHRO), effective immediately. In her new role, New will oversee enterprise-wide efforts related to talent development, organizational effectiveness, emp ...