Sjw Group Stock Price, News & Analysis

SJW Group reported strong Q1 2025 financial results, with diluted EPS reaching $0.49, a 36% increase from the previous year. The company's adjusted diluted EPS grew 39% to $0.50. Operating revenue increased 12% to $167.6 million, driven by rate increases of $17.2 million and higher customer usage.

Key highlights include:

• Infrastructure investment of $78.2 million in Q1, targeting $473 million for 2025
• Net income rose 41% to $16.6 million
• Quarterly dividend declared at $0.42 per share
• New rates implemented at San Jose Water effective January 1, 2025

The company affirmed its 2025 adjusted diluted EPS guidance of $2.90 to $3.00 and expects to achieve growth in the top half of its 5-7% long-term EPS growth range through 2029.

SJW Group (NASDAQ: SJW) has appointed Kay R. New as Chief Human Resources Officer (CHRO), effective immediately. New will lead enterprise-wide initiatives in talent development, organizational effectiveness, and employee engagement.

New joins SJW Group from Avangrid, where she served as vice president of rewards and employee experience, overseeing services for over 3 million customers across 24 states. During her tenure, she managed comprehensive employee programs and implemented enterprise-wide HR technologies like Workday and ServiceNow. Her leadership contributed to Avangrid's recognition as a Top Employer in the U.S. by Top Employers Institute.

Prior to Avangrid, New worked at SGS North America and US Bank. She holds a BS in Business Administration from Indiana Wesleyan University and completed the Energising Leadership Programme at ESADE Business School.

SJW Group (NASDAQ: SJW) has announced it will release its first-quarter 2025 financial results after market close on April 28, 2025. The company will host a conference call on April 29 at 11 a.m. Pacific time (2:00 p.m. Eastern time) to discuss the quarterly results.

Key executives participating in the call include CEO Eric W. Thornburg, CFO Andrew F. Walters, COO Bruce A. Hauk, Senior VP Kristen A. Johnson, and Chief Accounting Officer Ann P. Kelly. A live webcast will be available through registration on www.sjwgroup.com, accompanied by a presentation. The webcast archive will remain accessible until July 21, 2025.

SJW Group (NASDAQ: SJW) has announced the appointment of Ann P. Kelly as Chief Financial Officer and Treasurer, effective July 1, 2025. Kelly, who joined as Chief Accounting Officer in November 2024, will succeed Andrew F. Walters, who will become CEO following Eric W. Thornburg's retirement.

Kelly brings extensive utility sector experience, having previously served as CFO at American Electric Power (AEP) where she led a 250+ member team. Her prior roles include CFO positions at AmeriGas Propane and various leadership positions at UGI , Exelon Generation, and PECO Energy.

In her new role at SJW Group, Kelly will be responsible for business planning, growth and development, treasury, and investor relations. She holds a BA in accounting from Ohio Wesleyan University and an MBA in finance from Villanova University.

SJW Group (NASDAQ: SJW) announced a significant leadership transition effective July 1, 2025. Eric W. Thornburg will retire as CEO and President after eight years of leadership, transitioning to non-executive Chair of the Board. Andrew F. Walters, current CFO and Treasurer, will become the new CEO.

The company also announced two key executive promotions: Bruce A. Hauk, Chief Operating Officer, will serve as President, and Kristen A. Johnson will become President of the newly formed Shared Services organization.

Under Thornburg's tenure, SJW Group achieved notable growth, including the 2019 acquisition of Connecticut Water Service, expanding operations from two to four states. The company's Texas operations quadrupled in water and wastewater connections since 2006, now serving 1.6 million customers nationwide.

SJW Group reported strong financial results for 2024, with reported diluted EPS of $2.87 and adjusted diluted EPS of $2.95, exceeding guidance. The company's net income reached $94.0 million, an 11% increase from $85.0 million in 2023. Operating revenue grew 12% to $748.4 million, driven by rate increases of $62.2 million and higher customer usage.

The company announced a 25% increase in its five-year capital plan to $2.0 billion for infrastructure replacement, PFAS remediation, and water supply improvements. For 2025, SJW provided adjusted diluted EPS guidance of $2.90 to $3.00. The company also declared a quarterly dividend of $0.42 per share, representing a 5% increase, marking its 57th consecutive year of dividend increases.

SJW Group (NASDAQ: SJW) has announced it will release its fourth-quarter and full-year 2024 financial results after market close on February 26, 2025. The company will also provide guidance and unveil its five-year capital plan during this announcement.

A conference call is scheduled for February 27, 2025, at 11 a.m. Pacific time (2:00 p.m. Eastern time), hosted by key executives including CEO Eric W. Thornburg, CFO Andrew F. Walters, COO Bruce A. Hauk, and CAO Kristen A. Johnson. The call will be accessible via webcast through the company's website, accompanied by a slide presentation. The webcast archive will remain available until April 28, 2025.

SJW Group (NASDAQ: SJW) has announced a 5% increase in its quarterly dividend to $0.42 per share, payable on March 3, 2025, to shareholders of record as of February 10, 2025. The company's 2025 annualized dividend is expected to reach $1.68 per share, up from $1.60 in 2024.

This marks the company's 57th consecutive year of annual dividend increases, with more than 80 consecutive years of dividend payments. The board's decision reflects their confidence in SJW Group's mission and employees, who are committed to delivering high-quality water services while focusing on environmental protection and community enhancement.

SJW Group (NASDAQ: SJW) has been recognized as one of America's Most Responsible Companies 2025 by Newsweek and Statista. The water utility company, serving 1.6 million people nationwide, was selected among the top 600 U.S.-based companies for its positive global impact.

Key achievements include:

• 20% reduction in Scope 1 and 2 greenhouse gas emissions between 2019-2022, targeting 50% by 2030
• Advanced leak detection program reducing non-revenue water to under 10% in California
• Solar generation producing over 6,000 megawatt hours annually
• Secured $900,000+ in federal assistance for customers in 2023
• Obtained $15.3 million for California customers facing COVID-related hardships
• 21% of 2023 addressable spend directed to diverse vendors

The company operates through local utilities in California (San Jose Water), Texas (Texas Water), Connecticut (Connecticut Water), and Maine (Maine Water), implementing various sustainability initiatives and customer assistance programs.