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.
Overview of SJW Group
SJW Group is a major public water utility services holding company that delivers essential water and wastewater services across multiple states in the United States. Operating primarily in Californian municipalities along with strategic operations in other regions, the company plays a critical role in ensuring that high-quality, life-sustaining water reaches millions of people. The firm is known for its intensive focus on water utility services, wastewater management, and the maintenance of robust infrastructure, underpinning its strong presence in public utility regulation, water distribution technology, and community-centered operations.
Core Business and Operations
The company’s operations are divided into well-defined segments, with a predominant focus on water utility services. Its subsidiaries, including San Jose Water Company and other regionally branded utilities, manage the storage, purification, and distribution of water while also overseeing the treatment of wastewater. By using advanced operational technology and adhering to strict regulatory frameworks, SJW Group ensures that its services are reliable, efficient, and sustainable. This structured business model not only delivers essential services to local municipalities but also promotes stringent quality standards and innovative operational practices.
Regulatory and Operational Excellence
SJW Group is well-recognized for its deep engagement with public and regulatory entities. Its adherence to regulatory guidelines is reflected in periodic filings and compliance with state-specific mandates. The company actively manages the dynamics of cost of capital, operational adjustments, and infrastructure investments, thereby ensuring that administrative processes and rate case decisions align with industry practices. This careful balancing of regulatory and operational responsibilities underlines the company’s commitment to safety, quality, and reliability in service delivery.
Market Position and Competitive Differentiators
Within the competitive landscape of water utility services, SJW Group distinguishes itself through its focused approach on both operational efficiency and technological innovation. The company leverages its local expertise to navigate complex regulatory environments and invest strategically in infrastructure improvements. This blend of operational excellence and regulatory insight provides a solid foundation for maintaining a stable service record. The emphasis on continuous improvement and community engagement further supports its reputation as a trusted provider in the public utility sector, even amid competitive pressures from other regional service providers.
Industry Expertise and Technological Integration
At the heart of SJW Group’s operations is a commitment to integrate advanced technological solutions with traditional utility management practices. The use of modern water treatment technologies, automated monitoring systems, and data-driven decision-making processes ensures that the company remains at the forefront of operational innovation. This dedication to technological integration not only boosts efficiency but also enhances the company's ability to manage the complexities of water resources. The emphasis on technical expertise and up-to-date operational practices further cements its role as a reliable, forward-thinking utility service provider.
Commitment to Quality Service Delivery
The company has established a strong reputation for its commitment to quality service delivery. SJW Group employs a rigorous process for monitoring and maintaining water quality while ensuring that infrastructure investments meet or exceed regulatory standards. This attention to detail and commitment to operational depth has fostered a relationship of trust with local communities and regulatory bodies alike. Its comprehensive approach to water management underscores the company's position as a cornerstone in the public utility sector, providing a critical service that impacts everyday life.
Summary
SJW Group embodies a model of stability and expertise in the water utility industry through its precise focus on water and wastewater management. From its core water utility services to its innovative approach toward operational challenges, the company stands as an essential provider in a critical public service sector. With deeply embedded regulatory expertise, a focus on technology, and a commitment to quality service, SJW Group illustrates a robust and dynamic operational framework that continues to serve as a benchmark within the industry.
SJW Group (NASDAQ: SJW) has announced the appointment of Ann P. Kelly as Chief Financial Officer and Treasurer, effective July 1, 2025. Kelly, who joined as Chief Accounting Officer in November 2024, will succeed Andrew F. Walters, who will become CEO following Eric W. Thornburg's retirement.
Kelly brings extensive utility sector experience, having previously served as CFO at American Electric Power (AEP) where she led a 250+ member team. Her prior roles include CFO positions at AmeriGas Propane and various leadership positions at UGI , Exelon Generation, and PECO Energy.
In her new role at SJW Group, Kelly will be responsible for business planning, growth and development, treasury, and investor relations. She holds a BA in accounting from Ohio Wesleyan University and an MBA in finance from Villanova University.
SJW Group (NASDAQ: SJW) announced a significant leadership transition effective July 1, 2025. Eric W. Thornburg will retire as CEO and President after eight years of leadership, transitioning to non-executive Chair of the Board. Andrew F. Walters, current CFO and Treasurer, will become the new CEO.
The company also announced two key executive promotions: Bruce A. Hauk, Chief Operating Officer, will serve as President, and Kristen A. Johnson will become President of the newly formed Shared Services organization.
Under Thornburg's tenure, SJW Group achieved notable growth, including the 2019 acquisition of Connecticut Water Service, expanding operations from two to four states. The company's Texas operations quadrupled in water and wastewater connections since 2006, now serving 1.6 million customers nationwide.
SJW Group reported strong financial results for 2024, with reported diluted EPS of $2.87 and adjusted diluted EPS of $2.95, exceeding guidance. The company's net income reached $94.0 million, an 11% increase from $85.0 million in 2023. Operating revenue grew 12% to $748.4 million, driven by rate increases of $62.2 million and higher customer usage.
The company announced a 25% increase in its five-year capital plan to $2.0 billion for infrastructure replacement, PFAS remediation, and water supply improvements. For 2025, SJW provided adjusted diluted EPS guidance of $2.90 to $3.00. The company also declared a quarterly dividend of $0.42 per share, representing a 5% increase, marking its 57th consecutive year of dividend increases.
SJW Group (NASDAQ: SJW) has announced it will release its fourth-quarter and full-year 2024 financial results after market close on February 26, 2025. The company will also provide guidance and unveil its five-year capital plan during this announcement.
A conference call is scheduled for February 27, 2025, at 11 a.m. Pacific time (2:00 p.m. Eastern time), hosted by key executives including CEO Eric W. Thornburg, CFO Andrew F. Walters, COO Bruce A. Hauk, and CAO Kristen A. Johnson. The call will be accessible via webcast through the company's website, accompanied by a slide presentation. The webcast archive will remain available until April 28, 2025.
SJW Group (NASDAQ: SJW) has announced a 5% increase in its quarterly dividend to $0.42 per share, payable on March 3, 2025, to shareholders of record as of February 10, 2025. The company's 2025 annualized dividend is expected to reach $1.68 per share, up from $1.60 in 2024.
This marks the company's 57th consecutive year of annual dividend increases, with more than 80 consecutive years of dividend payments. The board's decision reflects their confidence in SJW Group's mission and employees, who are committed to delivering high-quality water services while focusing on environmental protection and community enhancement.
SJW Group (NASDAQ: SJW) has been recognized as one of America's Most Responsible Companies 2025 by Newsweek and Statista. The water utility company, serving 1.6 million people nationwide, was selected among the top 600 U.S.-based companies for its positive global impact.
Key achievements include:
- 20% reduction in Scope 1 and 2 greenhouse gas emissions between 2019-2022, targeting 50% by 2030
- Advanced leak detection program reducing non-revenue water to under 10% in California
- Solar generation producing over 6,000 megawatt hours annually
- Secured $900,000+ in federal assistance for customers in 2023
- Obtained $15.3 million for California customers facing COVID-related hardships
- 21% of 2023 addressable spend directed to diverse vendors
The company operates through local utilities in California (San Jose Water), Texas (Texas Water), Connecticut (Connecticut Water), and Maine (Maine Water), implementing various sustainability initiatives and customer assistance programs.
SJW Group (NASDAQ: SJW) announced that its subsidiary, San Jose Water Company, along with three other California water utilities, received approval from the California Public Utilities Commission (CPUC) to defer their 2025 Cost of Capital (COC) filings to May 1, 2026. The company maintains a 9.81% return on equity (10.01% before a 20 basis point reduction related to the Water Conservation Memorandum Account).
The Water Cost of Capital Mechanism (WCCM) will remain active until January 1, 2027, allowing return on equity adjustments based on the Moody's Aa Utility Bond Index movements. The postponement follows a previous one-year deferment granted in February 2024 and aims to reduce administrative costs for both parties.
SJW Group announced CPUC's approval of San Jose Water's General Rate Case, authorizing $450 million in water infrastructure investments over 2025-2027. The decision approves a settlement agreement between the Company and Public Advocates Office from August 19, 2024. The plan includes a 4% rate increase effective January 1, 2025, with subsequent years' rates based on authorized plant investments and CPI changes. The investment aims to enhance drinking water infrastructure, fire protection, and environmental conservation efforts. The CPUC denied two items outside the settlement regarding service charge calculation and full cost balancing account enhancement.
SJW Group (NASDAQ: SJW) has appointed Douwe Busschops as Chief Information Officer (CIO), effective immediately. Busschops will lead the integration and optimization of technology systems to enhance operational efficiency, customer experience, and business growth. He joins from Veolia North America, where he served as VP and CIO for the Municipal Water division, leading technology modernization initiatives and digital transformation strategies.
Prior to this, Busschops held senior positions at SUEZ Water North America, including VP of customer experience. He is a CIO 100 Award recipient and former chairman of the Customer Experience Committee for the National Association of Water Companies. Busschops holds an MS in International Business Studies from Maastricht University.
SJW Group (NASDAQ: SJW) has appointed Ann Kelly as its new chief accounting officer and principal accounting officer, effective November 12, 2024. Kelly, who previously served as CFO at American Electric Power (AEP), brings 15 years of utility accounting and finance experience. In her new role, she will oversee financial strategy, accounting operations, budgeting, cost management, and regulatory compliance. Kelly's prior experience includes leadership positions at UGI and Exelon Generation/PECO Energy. She holds a bachelor's degree in accounting from Ohio Wesleyan University and an MBA in finance from Villanova University.
FAQ
What is the current stock price of Sjw Group (SJW)?
What is the market cap of Sjw Group (SJW)?
What is the primary business of SJW Group?
How does SJW Group generate its revenue?
Which regions does SJW Group operate in?
How does SJW Group maintain regulatory compliance?
What differentiates SJW Group from its competitors?
How does the company manage its operational challenges?
Are there any segments other than water utility services?
How does SJW Group ensure high-quality water distribution?
