SJW Group Q2 diluted EPS $0.58, up 53% YoY; reaffirms FY23 EPS $2.40-$2.50

H2O AMERICA

2023-Q2 EPS reported $0.95 revenue$294,182,000

Net income $18.3M ($0.58/diluted share) vs $11.6M ($0.38) in Q2 2022, driven by rate filings and tax reserve release.
Operating revenue $156.9M, up 5% from $149.0M; weather-driven lower usage offset $9.0M.
Quarterly dividend declared at $0.38 per share, unchanged.
Reaffirmed 2023 guidance: diluted EPS $2.40-$2.50; regulated infrastructure investments ~$255M.
California Cost of Capital decision provides WCCM-adjusted ROE of 9.31%; effective July 31, 2023.

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 financial results for the quarter ended June 30, 2023.

Period: the quarter ended June 30, 2023
Result: reported results

Exact text from the filing

On July 31, 2023, SJW Group announced its financial results for the quarter ended June 30, 2023. A copy of the press release announcing the financial results is attached hereto as Exhibit 99.1 and incorporated into this Item 2.02 of Form 8-K by reference.

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Source: SEC EDGAR

accession 0000766829-23-000122

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