SJW Group reports 2022 diluted EPS of $2.43, up 20% YoY; issues 2023 guidance of $2.40-$2.50

H2O AMERICA

2022-FY EPS reported $2.43 revenue$620,698,000

2022 diluted EPS $2.43, up 20% from $2.03 in 2021; net income $73.8M vs $60.5M.
Operating revenue $620.7M, up 8% from $573.7M; Q4 revenue $171.4M vs $139.7M.
CPUC settlement approved Oct 2022: $54.1M revenue increase over 3 years, $25.1M retroactive to Jan 1, 2022.
2023 guidance: diluted EPS $2.40-$2.50; regulated infrastructure investments ~$255M.
$219M invested in 2022 infrastructure; $60M Maine drinking water treatment facility completed.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

H2O AMERICA reported the year ended 2022 results: revenue $620.7 million, net income $73.8 million, EPS $2.43 diluted EPS.

Period: the year ended 2022
Revenue: $620.7 million
Net income: $73.8 million
EPS: $2.43 diluted EPS
Result: reported results

Exact text from the filing

SJW Group reported net income of $73.8 million in 2022, or $2.43 diluted EPS, compared to net income of $60.5 million, or $2.03 diluted EPS, in 2021. Net income increased 22% and diluted EPS increased 20% in 2022 compared to the prior year. In 2022, one-time items reduced diluted EPS by $0.01 per share. In 2021, one-time items increased diluted EPS by $0.24 per share. Operating revenue was $620.7 million for the year, compared to $573.7 million for 2021.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

H2O AMERICA reported the quarter ended December 31, 2022 results: revenue $171.4 million.

Period: the quarter ended December 31, 2022
Revenue: $171.4 million
Result: reported results

Exact text from the filing

Operating revenue was $171.4 million for the quarter ended December 31, 2022, compared to $139.7 million for the same period in 2021.

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Source: SEC EDGAR

accession 0000766829-23-000037

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