SJW Corp ( (SJW) ) has released its Q1 earnings. Here is a breakdown of the information SJW Corp presented to its investors.
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SJW Group is a leading investor-owned water and wastewater utility company in the United States, providing essential water services to over 1.6 million people through its subsidiaries in California, Connecticut, Maine, and Texas. The company is recognized for its financial strength, operational expertise, and commitment to environmental stewardship and community engagement.
In its first quarter of 2025, SJW Group reported a significant increase in earnings, with a diluted EPS of $0.49, marking a 36% rise from the previous year. The company also declared a cash dividend of $0.42 per share, continuing its long-standing tradition of dividend payments. The quarter was highlighted by strategic rate adjustments and infrastructure investments aimed at enhancing service delivery and operational efficiency.
Key financial metrics for the quarter included a net income of $16.6 million, a 41% increase from the previous year, and operating revenue of $167.6 million, up 12%. The company invested $78.2 million in infrastructure, aligning with its annual capital expenditure goals. Regulatory updates saw new rates implemented in California and Connecticut, with anticipated decisions in Maine and Texas expected to further bolster revenue streams.
SJW Group’s management remains optimistic about the future, affirming its 2025 adjusted diluted EPS guidance of $2.90 to $3.00 and projecting long-term growth. The company plans to continue its strategic investments and maintain strong relationships with stakeholders to drive sustainable value and operational excellence.