secwatch.observer — SEC 8-K summary
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Issuer:     H2O AMERICA (HTO)
CIK:        0000766829
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0000766829-24-000020
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/766829/000076682924000020/0000766829-24-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/766829/000076682924000020/sjw-20240221.htm
  HTML page:      https://secwatch.observer/filing/0000766829-24-000020

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer