SJW Group
TypePublic
NYSE: SJW
S&P 600 Component
Russell 2000 Component
Industrywater utilities
Founded1866 (1866)
Headquarters
San Jose, California, U.S.
Area served
North America
Revenue$573.7 million[1] (2021)
$60.5 million (2021)
Number of employees
~385
Websitewww.sjwgroup.com

SJW Group ("SJW") is a water utility processing, distribution, wholesale and retail company based in San Jose, California. It serves 228,000 connections that serves over 1 million residents in regions of California, and approximately 17,000 connections, which serves about 60,000 people in Texas.[2][3] The enterprise value (as of December 2021) is $3.76 billion.[4]

Operations

The company has four subsidiaries, comprising San Jose Water Company, SJWTX, Inc., SJW Land Company as well as Texas Water Alliance Limited (TWA).[3] TWA is engaged in operating the essential water supply activities in Texas.[5] The company's diverse utility property include land held in fee, impounding reservoirs, diversion facilities, wells, distribution storage, and all water facilities, equipment, office buildings, etc.[6] In 2012, the revenue generated by purchased water made up about 40% to 45% of the company’s annual revenue.[5]

The company attended the industry’s conference, Water Utility Conference of 2013, as one of the largest water utility companies in the U.S.[7]

In October 2018, it was announced that SJW was acquiring Connecticut Water Service, Inc., a water utility company serving communities in Connecticut and Maine, pending federal approval. The acquisition was completed in October 2019.[8][9][10]

References

  1. ↑ "SJW Key Statistics |SJW Corp. Inc Stock - Yahoo! Finance". Finance.yahoo.com. Retrieved 2014-02-20.
  2. ↑ "SJW Profile | SJW Corporation, Inc Stock - Yahoo! Finance". Finance.yahoo.com. Retrieved 2015-03-19.
  3. 1 2 "SJW Corp.: NYSE:SJW quotes & news - Google Finance". Retrieved 2014-02-17.
  4. ↑ "SJW Group (SJW) Valuation Measures & Financial Statistics". finance.yahoo.com. Retrieved 2022-05-05.
  5. 1 2 "SJW Corp. reuters.com". Reuters.com. Retrieved 2014-02-17.
  6. ↑ "SJW Quarterly Report Form 10-Q - Quarterly report [Sections 13 or 15(d)]". SEC.gov. 2013-11-06. Retrieved 2014-02-19.
  7. ↑ "The New York Society of Security Analysts Presents Annual Water Conference". Prweb.com. 2013-11-20. Retrieved 2014-02-19.
  8. ↑ "SJW Group And Connecticut Water Service, Inc. To Combine In All-Stock Transaction To Create Leading Water Utility Company". www.prnewswire.com. Retrieved 10 October 2018.
  9. ↑ Singer, Stephen. "California Water Company Boosts Offer Price For Connecticut Water Service". courant.com.
  10. ↑ "Connecticut Water's merger with SJW Group takes a new twist". Mainebiz. Retrieved 10 October 2018.
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