All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yie ...

SJW Group (SJW) provides water utility and related services to its customers in the United States. Given its growth opportunities and strategic investments, SJW makes for a solid investment option in the utility sector. The company currently carries a Zacks Rank #2 (Buy). Let's look at the factors that are driving the stock. Growth Projections & Surprise History of SJW The Zacks Consensus Estimate for 2024 earnings per share has increased 0.4% in the past 30 days to $2.76. The consensus estimate for 2024 sa ...

Dragon Claws This article was written by Kody Kester. One of the quotes that most aptly applies to my investing philosophy comes from the late renowned economist Paul Samuelson, who said: "There is something in people; you might even call it a little bit of a gambling instinct… I tell people investing should be dull. It shouldn't be exciting. Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas." I couldn't agree more with Samuelson. ...

Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, ...

Financial Results Presentation Second Quarter 2024 On Today's Call Andrew Walters Chief Financial Officer, Treasurer, and Interim Principal Accounting Officer Forward-Looking Statements Safe Harbor These forward-looking statements involve a number of risks, uncertainties and assumptions including, but not limited to, the following factors: (1) the effect of water, utility, environmental and other governmental policies and regulations, including regulatory actions concerning rates, authorized return on equit ...

SJW Group (NYSE:SJW) Q2 2024 Earnings Conference Call July 25, 2024 2:00 PM ET Many factors could cause the companyÂ's actual results and performance to differ materially from those expressed or implied by the forward-looking statements. For a description of some of the factors that could cause actual results to be different from statements in this presentation, we refer you to the financial results press release and our most recent Forms 10-K, 10-Q and 8-K, filed with the Securities and Exchange Commission ...

Financial Performance - SJW Group's consolidated net income for Q2 2024 increased by $2,410 (13%) to $20,696 compared to $18,286 in Q2 2023[122] - Total operating revenue for Q2 2024 increased by 12% to $176,174, driven by a 7% rate increase and 1% customer growth in Water Utility Services[122][124] - Water Utility Services revenue for Q2 2024 increased by $19,927 (13%) to $175,397 compared to $155,470 in Q2 2023[122] - Real Estate Services revenue decreased by $639 to $777 in Q2 2024 compared to $1,416 in Q2 2023[124] - Total operating expenses increased by 8% to $135,604 in Q2 2024, primarily due to a 7% increase in water production expenses[125] - SJW Group generated $100,500 in cash flow from operating activities in H1 2024, a $3,100 increase compared to H1 2023[136] - SJW Group's net cash provided by financing activities increased by $2,400 in H1 2024, driven by higher net borrowings on lines of credit[138] Water Utility Services - SJW Group serves approximately 403,000 water connections and 4,000 wastewater connections, covering a population of over 1.5 million[115] - SJWC's water supply consists of 40-50% purchased water, 40-50% groundwater, and 6-8% surface water in normal rainfall years[126] - The company's water sales are seasonal, with higher revenue in warm, dry summer months and lower revenue in winter months[121] - Water production expenses increased by $8,584 in Q2 2024 and $13,359 in H1 2024, driven by higher unit costs for purchased water and groundwater extraction[131] - Water Utility Services' estimated utility capital expenditures for 2024 are $332,000, with $158,400 (48%) invested as of June 30, 2024[137] - Water Utility Services plans $1,621,000 in capital expenditures over the next five years for pipe and main replacements, water system maintenance, and PFAS treatment[137] Water Supply and Storage - California State Water Project allocation increased from 15% to 30% in Q1 2024 and further to 40% in Q2 2024, while Central Valley Project allocation increased from 65% to 75% in Q1 2024[128] - Valley Water's 10 reservoirs were at 34% capacity (91% of restricted capacity) with 18.6 billion gallons of water in storage as of July 1, 2024[128] - SJWC's Lake Elsman was at 98.1% capacity with 2.0 billion gallons of water, 173.8% of the five-year seasonal average as of June 30, 2024[128] - SJWC's Montevina Water Treatment Plant treated 2.2 billion gallons of water in H1 2024, 140% of the five-year average[128] - SJWC's unaccounted-for water decreased to 7.4% in June 2024 from 10.1% in June 2023[130] Credit and Financing - Syndicated credit agreement total line limit is $300,000, with $170,000 outstanding and $130,000 unused[142] - CTWS credit agreement has a total line limit of $50,000, with $47,495 outstanding and $2,505 unused[142] - SJW Group's total credit agreements amount to $350,000, with $217,495 outstanding and $132,505 unused[142] Market and Operational Risks - SJW Group is exposed to market risks, including interest rate changes, pension plan asset values, and equity prices[83] - SJW Group's pension and post-retirement costs are influenced by factors such as discount rates, mortality rates, and investment returns[83] - SJW Group does not hold derivative financial instruments or financial instruments with significant off-balance sheet risks[83] Real Estate Services - SJW Land Company completed the sale of its Tennessee properties in Q2 2024[118]

EXHIBIT 99.1 • Delivers $0.64 of GAAP diluted earnings per share (EPS), a year-over-year increase of $0.06; adjusted diluted EPS (non-GAAP) of $0.66, a year-over-year increase of $0.08 • Invests $158 million in infrastructure during the first half of 2024, or approximately 48% of 2024 capital budget • Agreement in principle reached on California general rate case (GRC) • Updates 2024 GAAP guidance to $2.66 to $2.76 diluted EPS. Reaffirms 2024 guidance range of $2.68 to $2.78 for adjusted diluted EPS (non-GA ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ___________________________________________ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-8966 SJW GROUP (Exact name of registrant as specified in its charter) Delaware 77-0066628 (Stat ...

One of the ways we measure our impact and success as a company is how have we been a force for good. We use our core values to help us deliver benefits to our customers, local communities, employees and the environment. Between 2019 and 2022, we reduced our Scope 1 and Scope 2 greenhouse gas emissions by approximately 20%. Our 2023 data will be reported when the results have been audited by an organization accredited by the ANSI National Accreditation Board under ISO 14066. We're extremely proud to have had ...