secwatch.observer — SEC 8-K summary
======================================

Issuer:     H2O AMERICA (HTO)
CIK:        0000766829
Form:       8-K
Filed at:   2025-02-27T23:59:59+00:00
Accession:  0000766829-25-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SJW Group 2024 EPS $2.87 beats guidance; revenue up 12% to $748M; 2025 EPS guide $2.90-$3.00
--------------------------------------------------------------------------------

- 2024 GAAP diluted EPS $2.87 (adjusted $2.95); revenue $748.4M, up 12% YoY; net income $94.0M, up 11%.
- Q4 2024 GAAP diluted EPS $0.68 (adjusted $0.74); revenue $197.8M, up 15% YoY.
- Introduces 2025 adjusted EPS guidance of $2.90–$3.00; long-term EPS growth target 5%–7% through 2029.
- Five-year capital plan increased 25% to $2.0B, including ~$300M for PFAS treatment, subject to regulatory approvals.
- Regulatory wins: California CPUC approved 2025–2027 rate settlement with $53.1M revenue step-ups; Connecticut WICA surcharge raised to 3.43%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/766829/000076682925000005/0000766829-25-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/766829/000076682925000005/sjw-20250226.htm
  HTML page:      https://secwatch.observer/filing/0000766829-25-000005

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