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Mar 31, 2021
SJW Group Q1 2021 Earnings Report
Net income increased and earnings per share were reported for Q1 2021.
Key Takeaways
SJW Group reported a net income of $2.6 million for the quarter ended March 31, 2021, compared to $2.4 million for the same period in 2020. Diluted earnings per share were $0.09 for the quarter ended March 31, 2021, compared to $0.08 for the same period in 2020.
Net income increased 8.2% over Q1 2020.
First quarter 2021 diluted earnings were $0.09 per share.
2021 guidance range is $1.85 to $2.05 per diluted share.
Dividend of $0.34 per share was declared.
Forward Guidance
SJW Group is providing earnings guidance for 2021 in the range of $1.85 per diluted share to $2.05 per diluted share. The range reflects no additional surface water available from our California water treatment plants for the remainder of 2021 due to the lack of rainfall in our watershed in the Santa Cruz mountains.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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