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.
SJW Group (NYSE: SJW), a leading investor-owned water and wastewater utility in the U.S., will present at the Bank of America Water Conference on Dec. 6, 2021, at 10:30 a.m. ET. CEO
SJW Group reported Q3 2021 net income of $19.1 million, down from $26.1 million a year prior, with diluted EPS of $0.64 compared to $0.91. Operating revenue increased to $166.9 million, attributed mainly to water rate hikes and regulatory mechanisms, though customer usage fell by $12.9 million. Operating expenses rose to $133.1 million, reflecting higher production costs and regulatory fees. Year-to-date, net income was $42.5 million compared to $48.2 million in 2020. The company maintains its earnings guidance of $1.85 to $2.05 per diluted share and declared a dividend of $0.34 per share.
Summary not available.
SJW Group (NYSE: SJW) will release its third quarter 2021 financial results after market close on October 28, 2021. A webcast presentation will follow on October 29, 2021, at 10:00 a.m. PT. SJW Group, the second-largest investor-owned pure-play water utility in the U.S., serves nearly 1.5 million people through its various subsidiaries. The company focuses on sustainable value for shareholders, maintaining a commitment to operational excellence and community engagement.
SJW Group (NYSE: SJW), the second-largest investor-owned pure-play water and wastewater utility in the U.S., will present at the Janney Virtual Water Utilities Conference on Sept. 14, 2021, at 1:45 p.m. ET.
SJW Group CEO Eric Thornburg participated in a White House meeting focused on enhancing cybersecurity for utility providers, addressing the nation's public drinking water safety. The meeting included President Biden and leaders from major corporations like Apple and Microsoft. Thornburg emphasized the importance of collaboration between public and private sectors to mitigate cyber threats, aiming to safeguard vital water services across diverse operational regions, including Silicon Valley and Texas. SJW Group serves nearly 1.5 million customers and is committed to investing in sustainable value.
SJW Group (NYSE: SJW) reported a net income of $20.8 million for Q2 2021, up from $19.7 million in Q2 2020. Diluted EPS remained steady at $0.69, with $0.60 from ongoing operations. Revenue rose to $152.2 million, driven by water rate increases and new customer growth. However, operating expenses increased to $119.6 million, reflecting higher water production and administrative costs. Year-to-date net income reached $23.4 million, up from $22.1 million, with reaffirmed earnings guidance of $1.85 to $2.05 per diluted share. A quarterly dividend of $0.34 was declared.
SJW Group (NYSE: SJW) will release its Q2 2021 financial results on July 29, 2021, after market close. A webcast review, featuring CEO Eric Thornburg and CFO James Lynch, is scheduled for July 30, 2021, at 10:00 a.m. PT (1:00 p.m. ET). The company's strong position as the second-largest investor-owned water utility in the U.S. serves nearly 1.5 million people. For further details, visit www.sjwgroup.com. Forward-looking statements in the release highlight potential risks affecting business performance.
SJW Group's Texas subsidiary, SJWTX Inc., plans to acquire Kendall West Utility and Bandera East Utility in Texas, pending approval from the Public Utilities Commission of Texas (PUCT). This acquisition will serve approximately 4,000 people and expand SJWTX's service area. The merger aims to enhance operational efficiency and leverage resources for better service delivery. If approved, it will mark SJWTX's 14th acquisition since 2006, growing its customer base from 6,500 to 21,500 connections and serving about 65,000 people across seven counties in Texas.
San Jose Water (SJW) announced the appointment of Willie Brown as Vice President, General Counsel, and Corporate Secretary, effective June 1. Previously Corporate Secretary and Assistant General Counsel, Brown joined the company in 2008. He will oversee corporate governance and legal matters, among other responsibilities. Eric W. Thornburg, CEO of SJW Group, praised Brown's commitment to governance, resulting in a '1' rating from ISS for the company. Brown holds a Juris Doctorate from Georgetown University and has experience in venture capital and mergers and acquisitions.