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.
SJW Group (NYSE: SJW) provides essential water and wastewater services to communities across multiple U.S. states. This page serves as the definitive source for official company announcements, regulatory developments, and operational updates.
Investors and stakeholders will find timely press releases covering earnings reports, infrastructure investments, and compliance with water utility regulations. Our curated collection includes updates on rate case proceedings, sustainability initiatives, and strategic projects maintaining reliable service delivery.
All content is sourced directly from SJW Group’s verified communications, ensuring accurate tracking of water system expansions, operational milestones, and regulatory engagements. Bookmark this page for streamlined access to critical updates about one of California’s leading public water providers.
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.
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.
SJW Group reported first-quarter 2021 financial results, showing a net income of $2.6 million, up from $2.4 million in Q1 2020. Diluted earnings per share increased to $0.09 from $0.08. Revenue fell to $114.8 million, down from $115.8 million, primarily due to $2.8 million in reduced customer usage and winter storm credits. Operating expenses increased to $101.7 million from $100.3 million. The company issued 1.2 million shares, raising $66.9 million. It declared a $0.34 quarterly dividend, maintaining a history of 77 years of dividend payments.
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