SJW Group

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]

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

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. "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. "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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