SJW Group reports Q1 adjusted EPS 50c vs. 36c last year

Reports Q1 revenue $167.6M vs. $149.4M last year. “We are pleased with our financial results for the quarter, which demonstrate the strength of our local water operations and the continued successful execution of our proven business strategy,” stated CEO Eric Thornburg. “In Q1, we secured new rates at San Jose Water effective on January 1, 2025, implemented an approved Water Infrastructure and Conservation Charge increase and approval to recover additional revenues through the Water Revenue Adjustment for achieving performance metrics at Connecticut Water, invested $78.2M in maintaining and improving our water supply and infrastructure across our national footprint, putting us on track to meet our 2025 and five-year capital expenditure goals, and implemented capital initiatives to drive sustainable operating efficiencies that benefit customers. We intend to build upon this strong start to the year by continuing to invest in our trusted relationships with all key stakeholders, deliver on and advance our capital expenditures plan, and encourage the culture of service that underlies our success.”