SJW - SJW GAAP EPS of $0.58 beats by $0.02 revenue of $156.89M misses by $3.61M
2023-07-31 08:02:39 ET
- SJW press release ( NYSE: SJW ): Q2 GAAP EPS of $0.58 beats by $0.02 .
- The increase was primarily driven by rate filings in California and Maine, the delay in SJWC's 2022 GRC, and a decrease in income taxes due to the release of uncertain tax position reserve.
- Revenue of $156.89M (+5.3% Y/Y) misses by $3.61M .
- Operating revenue for the quarter ended June 30, 2023 was $156.9 million, up 5% compared to $149.0 million for the same quarter last year. The increase was primarily driven by $14.7 million in rate filings, $1.4 million in earnings from regulatory mechanisms, and customer growth of $0.9 million; partially offset by lower customer usage of $9.0 million driven primarily by weather conditions.
For further details see:
SJW GAAP EPS of $0.58 beats by $0.02, revenue of $156.89M misses by $3.61M