SJW (US:SJW)2025-04-30 00:19Financial Performance - Revenue increased by 12% to $167.6 million in 1Q 2025 compared to $149.4 million in 1Q 2024[22] - GAAP Net Income increased by 41% to $16.6 million in 1Q 2025 compared to $11.7 million in 1Q 2024[22] - Adjusted Net Income increased by 43% to $16.7 million in 1Q 2025 compared to $11.7 million in 1Q 2024[22] - Diluted EPS increased by 36% to $0.49 in 1Q 2025 compared to $0.36 in 1Q 2024[22] - Adjusted Diluted EPS increased by 39% to $0.50 in 1Q 2025 compared to $0.36 in 1Q 2024[22] Guidance and Targets - The company affirms its 2025 Adjusted Diluted EPS guidance range of $2.90 to $3.00[19] - The company affirms its growth rate through 2029 in the top half of the guidance range of 5% to 7% based on 2022 EPS of $2.43[19] - The company anticipates a $2 billion 5-year Capital Expenditure (CapEx) plan[15,37] Capital Expenditure and Financing - $78 million was invested in water and wastewater utility infrastructure in 1Q 2025[13] - Approximately $27 million in gross equity proceeds were raised at the market to fund growth and capital investment in 1Q 2025[34] Regulatory Updates - San Jose Water's 2025 to 2027 general rate case was delivered on time, effective January 1[13] - Connecticut Water's Water Infrastructure and Conservation Adjustment (WICA) was approved, resulting in an annualized revenue increase of $1.6 million, a cumulative WICA of 4.9%[13,43]