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SJW (SJW)
NASDAQ:SJW
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.31Last Year’s EPS
0.36Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: -3.12%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong financial performance with significant revenue growth and capital investment plans. Regulatory approvals and recognition for corporate responsibility were notable achievements. However, challenges such as increased water production costs, drought impacts in Texas, and rising PFAS treatment expenses were highlighted as areas of concern.Company Guidance
During the SJW Group Fourth Quarter 2024 Financial Results Conference Call, Eric Thornburg, the CEO, highlighted several key metrics and guidance for the future. The company reported a nearly 11% increase in net income from 2023 on a GAAP basis, with earnings per diluted share of $2.87 and adjusted non-GAAP earnings per diluted share of $2.95 for 2024. SJW Group announced a 2025 guidance range of $2.90 to $3 per share and plans to invest $473 million in capital expenditures during 2025. The company's five-year capital plan increased by 25% to approximately $2 billion. SJW Group extended its long-term earnings growth rate of 5% to 7% through 2029, aiming for the top half of the range. The company also secured regulatory approvals, including a constructive decision from the California Public Utilities Commission (CPUC) for San Jose Water's 2025-2027 general rate case, and deferred its 2025 cost of capital filing to 2026. Additionally, the company invested $353 million in infrastructure across four states in 2024 and was recognized by Newsweek as one of America's Most Responsible Companies for 2025.Strong Financial Performance
SJW Group delivered a nearly 11% increase in net income from 2023 on a GAAP basis, and reported $2.87 diluted earnings per share and $2.95 adjusted diluted earnings per share for 2024, which was ahead of guidance.
Revenue Growth
Revenue for 2024 was $748.4 million, a 12% increase over the $670.4 million reported in 2023, driven by rate increases and higher customer usage.
Significant Capital Investment
The company invested $353 million in water and wastewater utility infrastructure across all four states in 2024, and is increasing its five-year capital plan by 25% to approximately $2 billion.
Regulatory Approvals and Achievements
Gained approval for increases in infrastructure recovery mechanisms in Maine and achieved a record year of recovery through WICA in Connecticut. Secured CPUC approval for rate cases and deferred cost of capital filing in California.
Recognition for Responsibility and Safety
SJW Group was recognized by Newsweek as one of America's Most Responsible Companies 2025 and achieved a platinum level award for construction safety for Connecticut Water.
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SJW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SJW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $53.29 | $52.30 | -1.86% |
| Oct 28, 2024 | $55.54 | $56.86 | +2.38% |
| Jul 25, 2024 | $57.84 | $60.31 | +4.27% |
| Apr 25, 2024 | $53.22 | $51.95 | -2.39% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does SJW (SJW) report earnings?
SJW (SJW) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is SJW (SJW) earnings time?
SJW (SJW) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SJW EPS forecast?
SJW EPS forecast for the fiscal quarter 2025 (Q1) is 0.31.
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