| SJW Group | |
| Type: | Public |
| Traded As: | S&P 600 Component Russell 2000 Component |
| Industry: | water utilities |
| Location Country: | San Jose, California, U.S. |
| Area Served: | North America |
| Num Employees: | ~385 |
| Revenue: | $573.7 million[1] |
| Revenue Year: | 2021 |
| Net Income: | $60.5 million |
| Net Income Year: | 2021 |
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 is $3.76 billion.[4]
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]