Welcome to our dedicated page for Sjw Group news (Ticker: SJW), a resource for investors and traders seeking the latest updates and insights on Sjw Group stock.
This page provides a historical and ongoing news archive for SJW, the former Nasdaq ticker for SJW Group, which has since rebranded as H2O America and now trades under the symbol HTO. Company news releases describe a national investor-owned network of local water and wastewater utilities focused on delivering clean, high-quality water and investing in critical infrastructure.
News items associated with the SJW symbol and its successor HTO include corporate rebranding announcements, leadership transitions, capital investment plans, regulatory decisions and financial results. For example, the company announced its name change to H2O America and new ticker symbol HTO, detailed multi-year capital plans for water and wastewater infrastructure, and reported annual and quarterly earnings with both GAAP and non-GAAP measures.
Sector-specific updates are common, such as general rate case decisions in California, infrastructure and conservation adjustments in Connecticut, water infrastructure charges in Maine, and system infrastructure charges in Texas. Releases also highlight dividend declarations and the company’s long history of consecutive dividend payments and annual dividend increases.
More recent communications under the H2O America name describe initiatives like proposed acquisitions of additional water and sewer utility assets in Texas and regulatory approvals for unified rate structures at subsidiaries such as The Maine Water Company. Together, these items illustrate how the company manages its regulated water and wastewater operations, interacts with state regulators and pursues growth within the utilities sector.
Investors and observers can use this news feed to review the company’s historical announcements under the SJW ticker and to understand the developments that shaped its evolution into H2O America (HTO), including strategy, regulation, capital spending and governance changes.
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SJW Group (NYSE: SJW) will release its Q1 2023 financial results on May 1, 2023, at 9:00 a.m. ET. A webcast will follow at 11:00 a.m. PT (2:00 p.m. ET) featuring CEO Eric W. Thornburg and CFO Andrew F. Walters discussing the results. An accompanying slide presentation will be available on SJW’s investor website. The webcast will remain accessible until July 24, 2023. SJW Group serves approximately 1.5 million people across the U.S. with essential water services.
This upcoming announcement is significant as it marks the company’s first quarter performance review for the year, providing investors insights into financial health and operational efficiency.
SJW Group (NYSE: SJW) has appointed Thomas A. Hodge as the new Vice President of Business Development and President of Texas Water Operation Services, LLC, effective April 1. Hodge, who joined SJW in 2002, previously led The Texas Water Company, quadrupling service connections since 2007. Under his leadership, SJW achieved over 60% customer growth and nearly doubled its utility plant in five years. The company is seeking a successor for Hodge's previous role at TWC, ensuring a smooth transition for ongoing operations.
SJW Group reported a net income of $73.8 million for 2022, equating to a diluted EPS of $2.43, a 20% increase from $2.03 in 2021. The company attributed its growth to substantial rate increases and a robust capital spending plan, including a $60 million investment in a new water treatment facility. SJW's operating revenue rose to $620.7 million, boosted by $350 million in planned capital investments over three years. Additionally, SJW provided 2023 guidance of net income per diluted share between $2.40 to $2.50 with anticipated long-term EPS growth of 5% to 7%.
SJW Group (NYSE: SJW) will announce its 2022 full-year and fourth quarter financial results after market close on February 22, 2023. A webcast presentation reviewing the results will take place on February 23, 2023, at 11:00 a.m. PT / 2:00 p.m. ET. Interested parties can access the webcast at www.sjwgroup.com, with an archive available until April 24, 2023. SJW Group serves nearly 1.5 million customers across the U.S., focusing on high-quality water and wastewater services.