SJW Q2 GAAP EPS $0.64 (+10%), adjusted $0.66; CA GRC settlement; FY guidance $2.66-$2.76 GAAP

H2O AMERICA

2024-Q2 EPS reported $1.00 revenue$325,556,000

Q2 GAAP diluted EPS $0.64 vs $0.58 prior year; adjusted diluted EPS $0.66 vs $0.58 prior year (+14%).
Operating revenue $176.2M, up 12% YoY; operating expenses $135.6M, up 8% YoY.
Capital investments $158M in H1 2024 (48% of $332M budget); reaffirms $1.6B five-year plan.
San Jose Water reaches all-party settlement in principle on CA GRC; CPUC decision expected Q4 2024.
Declares $0.40 dividend per share; Connecticut GRC final decision with $6.5M revenue increase effective July 1.

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