SJW Group Q1 2024 EPS $0.36 (down $0.01 YoY); revenue up 9%; reaffirms FY EPS guidance $2.68-$2.78

H2O AMERICA

2024-Q1 EPS reported $0.36 revenue$149,382,000

Net income $11.7M (+1% YoY); diluted EPS $0.36 vs $0.37; operating revenue $149.4M (+9% YoY).
Invested $69M in infrastructure; reaffirms 2024 capex of $332M and long-term 5-7% EPS growth.
California WCCM-adjusted ROE 10.01% effective Jan 1 2024; filed GRC for 2025-2027 rates.
Maine Water rate increase of $2.6M approved; Texas System Improvement Charge expected $1.6M annualized.
Declares $0.40 quarterly dividend; USA Today named Connecticut Water a Top Workplace.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

H2O AMERICA reported the quarter ended March 31, 2024 results: revenue $149.4 million, net income $11.7 million, EPS $0.36. Guidance reaffirmed.

Period: the quarter ended March 31, 2024
Revenue: $149.4 million
Net income: $11.7 million
EPS: $0.36
Guidance: reaffirmed
Result: reported results

Exact text from the filing

last year. Diluted EPS for the quarter ended March 31, 2024 was $0.36, or a 3% decrease compared to $0.37 in the same quarter last year. Operating revenue for first quarter was $149.4 million, compared to $137.3 million for the same quarter last year. The increase was largely driven by rate increases of $10 million, primarily in California, increases in the

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Source: SEC EDGAR

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