---
schema_version: "secwatch.filing_event.v1"
accession: "0000766829-23-000037"
form_type: "8-K"
ticker: "HTO"
cik: "0000766829"
company_name: "H2O AMERICA"
filed_at: "2023-02-23T23:59:59+00:00"
generated_at: "2026-06-19T03:36:34.782376+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000766829-23-000037
- form_type: 8-K
- ticker: HTO
- cik: 0000766829
- company_name: H2O AMERICA
- filed_at: 2023-02-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/766829/000076682923000037/0000766829-23-000037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/766829/000076682923000037/sjw-20230222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000766829-23-000037
- JSON: https://secwatch.observer/filing/0000766829-23-000037.json
- Plain text: https://secwatch.observer/filing/0000766829-23-000037.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/766829/000076682923000037/0000766829-23-000037-index.htm
- Earnings Releases
  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
  source text: Operating revenue was $171.4 million for the quarter ended December 31, 2022, compared to $139.7 million for the same period in 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/766829/000076682923000037/0000766829-23-000037-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.