---
schema_version: "secwatch.filing_event.v1"
accession: "0000766829-24-000020"
form_type: "8-K"
ticker: "HTO"
cik: "0000766829"
company_name: "H2O AMERICA"
filed_at: "2024-02-22T23:59:59+00:00"
generated_at: "2026-06-05T21:21:39.738765+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SJW Group FY2023 EPS $2.68 beats initial guide; Q4 EPS down 43%; 2024 guide $2.68-$2.78

## Summary
- Net income $85.0M ($2.68/diluted), up 15% from $73.8M ($2.43) in 2022; revenue $670.4M (+8%).
- Q4 net income $18.9M ($0.59/diluted), down 43% due to delayed GRC revenue and higher production costs.
- Infrastructure capex $272M in 2023, exceeding $255M guidance; 2024 plan ~$332M.
- Regulatory: CA ROE 10.01% WCCM-adjusted; Maine rate hike $2.6M; Texas acquisitions closed.
- 2024 EPS guidance $2.68-$2.78; long-term 5%-7% EPS growth target reaffirmed.

## SEC filing metadata
- accession: 0000766829-24-000020
- form_type: 8-K
- ticker: HTO
- cik: 0000766829
- company_name: H2O AMERICA
- filed_at: 2024-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/766829/000076682924000020/0000766829-24-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/766829/000076682924000020/sjw-20240221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000766829-24-000020
- JSON: https://secwatch.observer/filing/0000766829-24-000020.json
- Plain text: https://secwatch.observer/filing/0000766829-24-000020.txt

## Key facts
- Earnings Releases
  H2O AMERICA reported 2023 results: revenue $670.4 million, net income $85.0 million, EPS $2.68 per diluted share.
  - Period: 2023
  - Revenue: $670.4 million
  - Net income: $85.0 million
  - EPS: $2.68 per diluted share
  - Result: reported results
  source text: by higher water production costs and increased interest expense from higher cost of borrowings for our short-term debt and new long-term debt. Operating revenue for 2023 was $670.4 million, up 8% compared to $620.7 million for 2022. The increase was primarily driven by $46.6 million in rate filings, $5.7 million due to regulatory mechanism adjustments, and customer
  evidence_url: https://www.sec.gov/Archives/edgar/data/766829/000076682924000020/0000766829-24-000020-index.htm

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