NASDAQ$HTO

H2O America · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

SJW Group's Q3 2020 financial performance was marked by increased net income and diluted earnings per share compared to the same period in 2019, driven by the merger with Connecticut Water Service, Inc. and cumulative water rate increases.

SJW Group reported a net income of $26.1 million and diluted earnings per share of $0.91 for the third quarter ended September 30, 2020. Operating revenue increased to $165.9 million, primarily due to the merger with Connecticut Water Service, Inc.

  • Net income for Q3 2020 reached $26.1 million, a significant increase from $9.5 million in Q3 2019.
  • Diluted earnings per share for Q3 2020 were $0.91, compared to $0.33 in Q3 2019.
  • Operating revenue for Q3 2020 increased to $165.9 million, up from $114.0 million in Q3 2019.
  • The CPUC's investigation into SJW Group's merger with Connecticut Water Service, Inc. was dismissed.

Headline financials

Total Revenue

$166M

Previous: $114M+45.5%
EPS (adj)

$0.92

Previous: $0.67+37.3%
Capital Expenditures

-$131M

Previous: -$101M-29.2%
Free Cash Flow

-$105M

Previous: -$91.8M-14.1%
Net Income

$26.1M

Previous: $9.48M+175.3%
Operating Income

$41.9M

Previous: $17.1M+145.2%
Gross Profit

$61M

Previous: $22.1M+176.7%
Cash & Equivalents

$20.2M

Previous: $425M-95.2%
Total Assets

$3.26B

Previous: $2.02B+61.2%
Stock-Based Comp

$1.06M

Previous: $952K+11.1%

Revenue & EPS history

SJW Group · Revenue · Quarterly

$166M

Q3 2020+45.5%vs Q3 2019
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Forward guidance

SJW Group reaffirms its 2020 earnings guidance of $1.95 to $2.05 per diluted share.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2020

Historical avgQ3 2020

+0.5%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+0.4%

Avg return

30 days after

45%

29 / 64 earnings

Positive

+13.6%

Q3 2016

Best reaction

-8.3%

Q1 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.7%-3.3%-2.4%
Q3 2025-3.4%-9.4%-9.2%
Q1 2025+6.1%+3.2%-1.8%
Q4 2024-1.9%+2.2%+0.6%
Q3 2024-0.4%-2.7%-2.0%
Q2 2024+5.6%+3.5%-0.2%
Q1 2024-3.0%-1.2%+0.4%
Q4 2023-3.1%-4.8%-7.0%
Q3 2023+6.5%+10.8%+9.8%
Q2 2023-1.7%-1.9%-6.3%
Q1 2023-0.3%+1.0%+0.8%
Q4 2022+0.7%+1.1%-1.2%
Q3 2022+7.1%+5.9%+15.1%
Q2 2022+0.8%+2.7%+1.5%
Q1 2022-2.3%-5.7%-1.6%
Q4 2021+1.2%+0.4%+5.6%
Q3 2021-3.3%+3.5%-2.3%
Q2 2021+1.6%+2.2%+1.0%
Q1 2021-1.5%-0.5%-2.2%
Q4 2020-2.1%-3.9%-12.8%
Q3 2020-1.6%+2.3%+4.1%
Q2 2020+9.5%+3.9%-2.4%
Q1 2020-2.6%-1.7%+8.5%
Q4 2019-6.9%-7.9%-19.3%
Q3 2019-1.1%-2.9%-3.2%
Q2 2019-0.3%+0.4%+1.0%
Q1 2019-1.0%-0.6%+2.8%
Q4 2018+0.1%+1.0%+3.1%
Q3 2018+3.3%+2.5%+5.9%
Q2 2018-2.7%-4.1%-14.1%
Q1 2018+6.4%+7.9%+10.9%
Q4 2017+6.0%+5.4%-3.1%
Q3 2017-0.4%-2.2%+6.5%
Q2 2017-4.3%+4.2%+8.0%
Q1 2017-4.2%-5.4%-7.5%
Q4 2016-1.9%-1.9%-2.4%
Q3 2016+13.6%+12.8%+21.6%
Q2 2016+3.0%+1.1%+9.3%
Q1 2016-8.3%
Q4 2015+5.5%
Q3 2015-3.1%
Q2 2015+0.5%
Q1 2015-4.1%
Q4 2014-5.7%
Q3 2014+2.9%
Q2 2014-0.3%
Q1 2014-0.8%
Q4 2013+4.8%
Q3 2013-6.0%
Q2 2013+0.9%
Q1 2013-0.9%
Q4 2012-2.0%
Q3 2012-0.1%
Q2 2012+1.9%
Q1 2011+0.0%
Q1 2012+0.9%
Q4 2009-0.3%
Q4 2011-0.3%
Q3 2010+6.9%
Q3 2011+6.9%
Q2 2011+2.5%
Q2 2010+2.5%
Q4 2010+2.5%
Q1 2010+3.7%

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