Highest-materiality recent filing
H2O America and Kristen Johnson mutually agree on separation effective July 3, 2026
Kristen Johnson's separation from H2O America is effective July 3, 2026, as mutually agreed.
All nine board nominees elected; votes for each ranged from 34.2M to 35.3M with broker non-votes of 3.3M.
H2O America reports Q1 EPS of $0.49, revenue up 9% to $183.3M; reaffirms FY guidance
GAAP diluted EPS $0.49, adjusted diluted EPS $0.50, both flat YoY.
H2O America prices $608.7M common stock offering for Quadvest acquisition funding
Offering of 11,484,824 shares at $53.00/share; net proceeds ~$588.9M (or $677.2M with underwriter option).
H2O America files audited FY2025 financials for Quadvest Retail and Wholesale acquired entities
Quadvest Retail (regulated) base purchase price $483.6M; audited financials for year ended Dec 31, 2025 filed.
2025 adjusted diluted EPS $2.99 (top of raised $2.95-3.00 range), up from $2.95 in 2024.
H2O America receives $483.6M FMV for Quadvest assets; mid-2026 close on track
Three PUCT-appointed appraisers set fair market value of Quadvest LP assets at $483.6 million.
Non-executive Chair Eric Thornburg to retire Jan 31, 2026; CEO Walters to succeed
Eric W. Thornburg, non-executive Chair of the Board, notified H2O America of his retirement effective Jan 31, 2026.
H2O America Q3 adj EPS $1.27 (+8% YoY) on revenue $240.6M (+7%); narrows FY guidance to $2.95-$3.00
GAAP net income $45.1M (+17% YoY); diluted EPS $1.27 vs $1.17 prior year.
H2O America ups revolving credit facility to $350M, extends maturity to 2030
Total commitment increased from $300M to $350M; maturity extended from Aug 2029 to Sept 2030.
H2O America Q2 GAAP EPS $0.71 (+11% YoY); revenue $198.3M (+13%); Quadvest deal
GAAP diluted EPS $0.71 (up 11% YoY); adjusted diluted EPS $0.75 (up 14% YoY).
H2O America to acquire Quadvest water and sewer assets for $540M; expands Texas footprint
Total purchase price of $540M: $483.6M for regulated business + $56.4M for wholesale business.
H2O America appoints Megan Mattern as Chief Accounting Officer effective July 28, 2025
Megan Mattern appointed CAO, Principal Accounting Officer, and Controller, effective July 28, 2025, replacing Ann P. Kelly who will become CFO.
Andrew F. Walters elected to board, to become CEO on July 1, 2025; Eric Thornburg to remain Chair
Board increased from 9 to 10 directors; Andrew F. Walters appointed director effective July 1, 2025.
SJW Group changes name to H2O America effective May 5, 2025
SJW Group renamed to H2O America via Certificate of Amendment filed with Delaware Secretary of State.
SJW Group Q1 2025 diluted EPS $0.49 (+36% YoY); revenue $167.6M (+12%)
GAAP net income $16.6M (+41% YoY); adjusted diluted EPS $0.50 (+39%).
SJW Group appoints Ann P. Kelly as CFO effective July 1, 2025
Ann P. Kelly, current CAO, appointed CFO and Treasurer, succeeding Andrew F. Walters who becomes CEO on same date.
SJW Group appoints CFO Andrew Walters as CEO; Thornburg retires but stays Chair
Andrew F. Walters becomes CEO effective July 1, 2025; base salary $685,000, target bonus 95% of base, LTIP target $1,150,000.
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%.
SJW Group appoints Ann P. Kelly as Chief Accounting Officer effective Nov 12
Kelly named Chief Accounting Officer and Principal Accounting Officer, succeeding Andrew F. Walters in interim role; Walters remains CFO/Treasurer.
SJW Group enters $200M at-the-market equity distribution agreement
Equity distribution agreement with BofA, JPMorgan, RBC, Wells Fargo for sale of common stock up to $200M aggregate gross sales price.
SJW Group Q3 EPS rises to $1.17; reaffirms FY2024 guidance; plans Nasdaq listing transfer
Q3 GAAP EPS $1.17 (up from $1.13 YoY); adjusted EPS $1.18 (up from $1.13).
SJW's San Jose Water reaches settlement in 2025-2027 GRC; $450M capital budget approved
Settlement with CPUC's Public Advocates Office filed August 19, excludes two policy issues to be litigated.
SJW Group extends credit facility maturity by one year to August 2029
Second Amendment extends Maturity Date of existing credit facility from Aug 2, 2028 to Aug 2, 2029.
SJW Q2 GAAP EPS $0.64 (+10%), adjusted $0.66; CA GRC settlement; FY guidance $2.66-$2.76 GAAP
Q2 GAAP diluted EPS $0.64 vs $0.58 prior year; adjusted diluted EPS $0.66 vs $0.58 prior year (+14%).
SJW Group shareholders approve officer exculpation and federal forum provision
Filed certificate of amendment to permit officer exculpation to fullest extent under Delaware law.
SJW Group SVP Finance resigns; CFO appointed interim PAO
Mohammed Zerhouni resigns as SVP of Finance and Principal Accounting Officer effective June 14, 2024.
SJW Group Q1 2024 EPS $0.36 (down $0.01 YoY); revenue up 9%; reaffirms FY EPS guidance $2.68-$2.78
Net income $11.7M (+1% YoY); diluted EPS $0.36 vs $0.37; operating revenue $149.4M (+9% YoY).
SJW Group FY2023 EPS $2.68 beats initial guide; Q4 EPS down 43%; 2024 guide $2.68-$2.78
Net income $85.0M ($2.68/diluted), up 15% from $73.8M ($2.43) in 2022; revenue $670.4M (+8%).
SJW Group amends bylaws to enhance stockholder nomination and meeting procedures
Bylaws amended to require compliance with universal proxy rules for director nominations, effective Dec 11, 2023.
SJW Group Q3 EPS $1.13 vs $0.82; raises 2023 guidance to $2.65-$2.70
Q3 diluted EPS $1.13, up 38% YoY; revenue $204.8M, up 16% from $176.0M.
Connecticut Water intends to file rate case seeking ~$21M (18%) revenue increase
CWC to seek ~$21M revenue increase (18%) or ~$22M (19%) if pending adjustment not approved; rates effective July 1, 2024.
SJW Group extends credit facility maturity to August 2028 via First Amendment
Maturity Date extended from August 2, 2027 to August 2, 2028 under existing Credit Agreement.
SJW Group Q2 diluted EPS $0.58, up 53% YoY; reaffirms FY23 EPS $2.40-$2.50
Net income $18.3M ($0.58/diluted share) vs $11.6M ($0.38) in Q2 2022, driven by rate filings and tax reserve release.
SJW subsidiary President Andrew Gere resigns effective July 20; receives $180K severance
Andrew R. Gere, President of San Jose Water Company, resigns effective July 20, 2023.
SJW Group subsidiary president Andrew R. Gere to resign July 20, 2023
Andrew R. Gere, President of San Jose Water Company, will resign effective July 20, 2023.
SJW Group reports Q1 EPS $0.37 vs $0.12 YoY; reaffirms FY2023 guidance $2.40-$2.50
Diluted EPS $0.37, up 208% YoY from $0.12; net income $11.5M vs $3.7M.
SJW Group upsizes equity distribution agreement to $240M from $100M
Increased aggregate gross sales price of common stock under ATM program from $100M to $240M.
SJW Group reports 2022 diluted EPS of $2.43, up 20% YoY; issues 2023 guidance of $2.40-$2.50
2022 diluted EPS $2.43, up 20% from $2.03 in 2021; net income $73.8M vs $60.5M.
SJW Group appoints Mohammed Zerhouni as SVP Finance, Principal Accounting Officer
Zerhouni effective Jan 30, 2023; base salary $350k, target bonus 30% of base.
SJW Group director Walter J. Bishop will not seek re-election at next annual meeting
Walter J. Bishop informed the committee he will not stand for re-election; Board will not nominate him.
SJW Group appoints Bruce A. Hauk as COO effective January 1, 2023
Hauk to lead regulated water/wastewater utility operations across CA, CT, ME, TX serving 1.5M people.
SJW Group enters separation agreement with former CAO James P. Lynch
Lump sum severance of $511,910 plus $18,725 for COBRA through July 2023.
Maureen P. Westbrook to retire as CTWS president; Craig J. Patla to succeed
Maureen P. Westbrook notified retirement effective Dec 31, 2022 as president of CTWS and CEO of CWC/MWC.
Chief Accounting Officer James P. Lynch departed effective November 3, 2022.
SJW Group Q3 2022 EPS $0.82 on revenue $176M; reaffirms FY guidance $2.30-$2.40
Diluted EPS $0.82 vs. $0.64 in Q3 2021; recurring ops contributed $0.83, one-time items -$0.01.
SJW Group amends executive severance plan, eliminating tax gross-ups for new participants
Board amended Executive Severance Plan effective Oct 26, 2022 to remove special tax gross-ups for new participants.
SJW Group extends President Maureen Westbrook's employment to Jan 31, 2023 with transition plan
Employment term extended through January 31, 2023; base salary unchanged at $413,749.96.
SJW Group enters into $300M credit agreement with JPMorgan, Wells Fargo, replacing prior facilities
New $300M credit agreement with JPMorgan Chase and Wells Fargo; matures August 2, 2027.
SJW Group Q2 2022 EPS falls to $0.38 from $0.69; reaffirms FY22 guidance $2.30-$2.40
Diluted EPS $0.38 (Q2 2022) vs $0.69 (Q2 2021); revenue $149.0M vs $152.2M.
On June 10, 2026, Kristen Johnson and the Company mutually agreed that Ms. Johnson will separate from the Company, effective July 3, 2026.
On June 24, 2025, the Board of Directors (the “Board”) of H2O America (the “Company”) appointed Megan Mattern as the Chief Accounting Officer, Principal Accounting Officer, and Controller of the Company, effective July 28, 2025.
Ms. Mattern will replace Ms. Kelly in her role as Chief Accounting Officer and Principal Accounting Officer of the Company.
appointed Andrew F. Walters as a member of the Board, effective as of July 1, 2025.
the Company appointed Mr. Walters, the Company's current Chief Financial Officer and Treasurer, to the position of Chief Executive Officer upon the retirement of Eric W. Thornburg as Chief Executive Officer and President of the Company, each effective July 1, 2025.
upon the retirement of Eric W. Thornburg as Chief Executive Officer and President of the Company, each effective July 1, 2025.
Andrew F. Walters who was appointed to the position of Chief Executive Officer of the Company, also effective July 1, 2025.
On March 31, 2025, the Board of Directors of SJW Group (the "Company") appointed Ann P. Kelly, the Company's current Chief Accounting Officer and Principal Accounting Officer, to the position of Chief Financial Officer and Treasurer of the Company, effective July 1, 2025.
Eric W. Thornburg will retire as Chief Executive Officer and President of the Company, also effective July 1, 2025. Mr. Thornburg will continue to serve as non-executive Chair
appointed Andrew F. Walters, the Company's current Chief Financial Officer and Treasurer, to the position of Chief Executive Officer, effective July 1, 2025.
Bruce Hauk, the Company's Chief Operating Officer, will also serve as President of the Company
Kristen Johnson, the Company's Senior Vice President and Chief Administrative Officer, will also step into the role of President of the Shared Services organization
Max materiality 0.90 · Median 0.55 · Most common event leadership