SJW Corp ( (HTO) ) has released its Q2 earnings. Here is a breakdown of the information SJW Corp presented to its investors.
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H2O America is a leading investor-owned water and wastewater utility in the United States, providing essential water services to 1.6 million people across several states, including California, Connecticut, Maine, and Texas. The company is known for its strong financial performance, operational expertise, and commitment to community engagement and environmental sustainability.
In its second quarter of 2025 financial results, H2O America reported a significant increase in earnings, with a diluted EPS of $0.71, marking an 11% rise from the previous year. The company also highlighted strategic growth initiatives, including a major acquisition in the high-growth Houston region, which positions its Texas operations among the fastest-growing in the nation.
Key financial metrics for the quarter include a 19% increase in net income to $24.7 million and a 13% rise in operating revenue to $198.3 million. The company also reported a year-to-date infrastructure investment of $207.2 million, aligning with its full-year capital expenditure target. The acquisition of Quadvest’s assets in Texas is expected to drive significant customer growth and enhance the company’s market position.
H2O America continues to focus on regulatory advancements and infrastructure improvements, with recent approvals for rate increases and new affordability programs in various states. The company’s strategic acquisition and ongoing investments underscore its commitment to long-term growth and operational excellence.
Looking ahead, H2O America reaffirms its 2025 adjusted diluted EPS guidance of $2.90 to $3.00 and anticipates continued growth in the top half of its projected range through 2029. The company remains dedicated to delivering sustainable value to its shareholders and maintaining its leadership in the water utility sector.