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Dec 31, 2019
SJW Group Q4 2019 Earnings Report
SJW Group reported a net loss for the fourth quarter of 2019, impacted by merger-related expenses, while revenue increased due to the inclusion of CTWS and higher customer usage.
Key Takeaways
SJW Group reported a net loss of $5.5 million for Q4 2019, compared to a net income of $8.8 million in Q4 2018. The diluted loss per share was ($0.19) compared to earnings per share of $0.38 in the prior year. Revenue increased to $125.8 million from $98.7 million, driven by the CTWS merger and higher customer usage.
Net loss for Q4 2019 was $5.5 million, compared to net income of $8.8 million in Q4 2018.
Diluted loss per share was ($0.19) for Q4 2019, compared to earnings per share of $0.38 in Q4 2018.
Operating revenue increased to $125.8 million from $98.7 million, driven by CTWS revenue, increased customer usage and higher water rates.
Operating expenses increased to $119.8 million from $81.2 million, including higher general and administrative expenses and merger-related costs.
Forward Guidance
SJW Group expects earnings per share to be within the range of $2.25 - $2.35 for 2020.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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