News & Videos - SJW GROUP

The Texas Water Company, a subsidiary of SJW Group (NYSE: SJW), today announced that it has closed on the acquisitions of KT Water Development Ltd. and KT Water Resources L.P. The acquisitions will add 570 residential water service connections and an approximately 40% increase in the systemwide water supply available for current customer needs and future growth. “We are a pure-play water and wastewater utility, and we are eager to serve our new customers in Comal County, Texas, and deliver...

SJW Group (NYSE: SJW) announces today that Aundrea Williams will be joining the company on August 21, 2023 as president of The Texas Water Company (TWC). TWC serves three of the five fastest growing counties in the U.S. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230802780970/en/ Aundrea Williams (Photo: Business Wire) “We are truly fortunate that Aundrea has chosen to serve in this role,” stated SJW Group Chair, President and...

SJW Group (NYSE: SJW) today reported financial results for the second quarter ended June 30, 2023. "We are pleased with our financial results for the quarter, which demonstrate the strength of our water utility operations and our commitment to providing high-quality and reliable water service to our customers,” stated SJW Group Chair, CEO, and President, Eric W. Thornburg. “We continued to deliver on our growth strategy by investing in our water supply and infrastructure across our local...

SJW Group (NYSE: SJW) today announced that the company intends to release its second quarter 2023 financial results prior to 9:00 a.m. (ET) on Monday, July 31, 2023. Eric W. Thornburg, president, chief executive officer and board chair, and Andrew F. Walters, chief financial officer and treasurer, will review the results in a webcast presentation at 11 a.m. (PT), 2:00 p.m. (ET) on Monday, July 31, 2023. An accompanying slide presentation will also be published to SJW Group’s investor website...

The California Public Utilities Commission (CPUC) has adopted the proposed decision in the cost of capital proceeding for San Jose Water for the years 2022 through 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230706700163/en/ The final decision established an 8.80% return on equity, a 5.46% cost of debt, and a capital structure of 54.55% equity and 45.45% debt resulting in an overall rate of return of 7.28%. San Jose Water was...

SJW Group (NYSE: SJW) today reported financial results for the first quarter ended March, 31, 2023. "We are pleased with our financial results for the quarter, which demonstrate the strength of our water utility operations and our commitment to providing high-quality and reliable water service to our customers,” stated SJW Group Chair, CEO, and President, Eric W. Thornburg. “We continued to deliver on our growth strategy by investing in our water supply and infrastructure across our local...

SJW Group (NYSE: SJW) today announced that the company intends to release its first quarter 2023 financial results prior to 9:00 a.m. (ET) on Monday, May 1, 2023. Eric W. Thornburg, president, chief executive officer and board chair, and Andrew F. Walters, chief financial officer and treasurer, will review the results in a webcast presentation at 11 a.m. (PT), 2:00 p.m. (ET) on Monday, May 1, 2023. An accompanying slide presentation will also be published to SJW Group’s investor website prior...

SJW Group (NYSE: SJW) today announced that its board of directors has appointed Thomas A. Hodge as vice president of business development, effective April 1. Hodge has also been appointed president of Texas Water Operation Services, LLC. He has been with SJW since 2002 and has led the company’s rapidly growing Texas subsidiary, The Texas Water Company (TWC), as president since 2007. This press release features multimedia. View the full release here:...

SJW Group (NYSE: SJW) today reported financial results for the fourth quarter and year ended 2022. “SJW Group’s strong results in 2022 will lay the foundation for continued success in 2023 and beyond,” stated SJW Group Chair, CEO, and President, Eric W. Thornburg. “We addressed the California water supply mix that drove expense volatility in prior years through a settlement agreement approved by the California Public Utilities Commission (CPUC) that benefits customers and San Jose Water...

SJW Group (NYSE: SJW) will release its 2022 full-year and fourth quarter financial results after the close of the market on Feb. 22, 2023. Eric W. Thornburg, president, chief executive officer and board chair, Andrew F. Walters, chief financial officer and treasurer, and Bruce A. Hauk, chief operating officer, will review the results in a webcast presentation at 11:00 a.m. (PT), 2:00 p.m. (ET) on Feb. 23, 2023. Interested parties may access the webcast and related presentation materials at the...

SJW Group (NYSE: SJW) has announced today that Mohammed G. (Rally) Zerhouni joined the company on Jan. 30 as the senior vice president of finance, principal accounting officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230131005655/en/ Mohammed (Rally) Zerhouni joins SJW Group as Senior Vice President of Finance, Principal Accounting Officer. (Photo: Business Wire) “We are fortunate to have Rally on our team,” stated SJW...

The Board of Directors of SJW Group (NYSE: SJW) has declared a quarterly cash dividend of $0.38 per share payable on March 1, 2023, to all shareholders of record at the close of business on Feb. 6, 2023. The March dividend will represent a 5.6% increase over the dividend paid in December 2022. The 2023 annualized dividend will be $1.52 per share compared with $1.44 per share in 2022. “Today’s action by our board to increase the annual dividend demonstrates its continuing confidence in SJW...

SJW Group (NYSE: SJW) today announced that its Texas subsidiary, SJWTX Inc., which does business as Canyon Lake Water Service Company, has reached agreements to acquire KT Water Development Ltd and KT Water Resources L.P., which are both located in Comal County, Texas. The pending acquisitions will add more than 550 customers and a 50% increase in the total available system-wide water supply for current customer needs and future growth. Eric W. Thornburg, chairman, president and CEO of SJW...

SJW Group (NYSE: SJW) today announced that its board of directors has appointed Bruce A. Hauk as chief operating officer, effective January 1, 2023. Hauk will lead regulated water and wastewater utility operations across SJW Group’s geographically diverse footprint. The company’s local operations now serve more than 1.5 million people in California, Connecticut, Maine and Texas. Hauk joined SJW Group in August 2022 as its chief corporate development and strategy officer. This press release...

SJW Group (NYSE: SJW) announced today that Stephanie Orosco has been promoted to Chief Human Resources Officer of SJW Group. Orosco most recently served as the vice president of human resources (HR) at San Jose Water, a subsidiary of the company in California. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221201005872/en/ Stephanie Orosco (Photo: Business Wire) In this new role, Orosco will be responsible for developing and executing...

SJW Group (NYSE: SJW) has announced that Kristen A. Johnson has been promoted to senior vice president and chief administrative officer. Johnson has served as the chief administrative officer for SJW Group since 2019. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221130005233/en/ Kristen A. Johnson, Senior Vice President and Chief Administrative Officer of SJW Group (Photo: Business Wire) “The board and I recognize the powerful...

SJW Group (NYSE: SJW) today reported third quarter financial results of $0.82 diluted earnings per share (EPS) on operating revenue of $176.0 million compared to third quarter 2021 results of $0.64 diluted EPS on operating revenue of $166.9 million. Diluted EPS in 2022 includes $0.83 per share from recurring operations offset by one-time items totaling $0.01 per share. “SJW Group continued to execute on its long-term strategy in the third quarter as we served customers at world-class levels...

SJW Group (NYSE: SJW) today announced that the company will release its third quarter 2022 financial results after the close of the market on Thursday, October 27, 2022. Eric Thornburg, president, chief executive officer and board chair, James P. Lynch, chief accounting officer and Andrew F. Walters, chief financial officer, will review the results in a webcast presentation at 10 a.m. (PT), 1:00 p.m. (ET) on Friday, October 28, 2022. Interested parties may access the webcast and related...

San Jose Water (“the Company”), a wholly-owned subsidiary of SJW Group (NYSE: SJW), announced today that the California Public Utilities Commission (“CPUC”) approved its General Rate Case for the years 2022 through 2024. The final decision approves the Amended Settlement Agreement between the Public Advocates Office and the Company. It authorizes rates designed to increase revenue approximately $25.1 million or 6.0% for 2022. The 2022 rate increase will become effective on November 1...

SJW Group (NYSE: SJW) today announced that its board of directors has appointed Bruce A. Hauk as chief corporate development & strategy officer, effective August 22, 2022. Bruce will be responsible for business development and strategic planning. In this role, he will lead the company’s acquisition and growth initiatives, building on SJW’s strong record of acquisitions, with over 60 percent customer growth and more than doubling of utility plant in the past five years. This press release...