# SJW GROUP

Summary updated: 2026-10-02T12:12:23.969453Z
Canonical: https://finbar.com/research/companies/sjw-group

## Overview

SJW Group, now operating as H2O America, is a water and wastewater utility company. Its core activities include producing, treating, storing, and distributing water, as well as providing wastewater services and related utility operations. [1](https://app.finbar.com/go?id=P143951732)[2](https://www.h2o-america.com/)

The company serves customers through utilities in California, Connecticut, Maine, and Texas. Its operations comprise approximately 409,000 water and wastewater service connections and serve a combined population of more than 1.6 million. [1](https://app.finbar.com/go?id=P143951732)

The company’s stated mission is “We protect what’s precious.” Its website lists 837 water professionals. [2](https://www.h2o-america.com/)
[1](https://app.finbar.com/go?id=P143951732)[2](https://www.h2o-america.com/)[2](https://www.h2o-america.com/)

## Products & services

SJW Group, now known as H2O America, provides water and wastewater services through its utility subsidiaries. Its water-service offerings include producing or purchasing water, storing, purifying and distributing it, and selling it wholesale and at retail. The company also provides wastewater services and non-tariffed contract water and sewer operations and maintenance. [1](https://app.finbar.com/go?id=P143951732)[3](https://app.finbar.com/go?id=P143951684)

In Texas, wastewater service includes treatment at four plants using gravity and pressure/STEP systems; treatment includes a membrane bioreactor (MBR) stage, and treated effluent is reused for irrigation. [4](https://www.txwaterco.com/wastewater-treatment-and-water-quality)[5](https://www.txwaterco.com/customer-care/wastewater-services)[6](https://www.txwaterco.com/media/dgkpib15/wastewater-process-general.pdf) SJWC’s water supply comes from groundwater, surface water, reclaimed water and imported water. In normal-rainfall years, imported water and groundwater each account for about 40–50% of annual production, while surface water accounts for about 6–8%; these are source-of-supply shares, not revenue shares. [7](https://app.finbar.com/go?id=P104071903)

The company also undertakes water-system maintenance and infrastructure work, including pipe and main replacement, and has planned PFAS treatment facilities. [8](https://app.finbar.com/go?id=P143951830) Its filings identify Water Utility Services as its single reportable segment; the available disclosures do not provide revenue percentages for individual water or wastewater products and services. [3](https://app.finbar.com/go?id=P143951684)
[1](https://app.finbar.com/go?id=P143951732)[3](https://app.finbar.com/go?id=P143951684)[4](https://www.txwaterco.com/wastewater-treatment-and-water-quality)[5](https://www.txwaterco.com/customer-care/wastewater-services)[6](https://www.txwaterco.com/media/dgkpib15/wastewater-process-general.pdf)[7](https://app.finbar.com/go?id=P104071903)[8](https://app.finbar.com/go?id=P143951830)[4](https://www.txwaterco.com/wastewater-treatment-and-water-quality)[5](https://www.txwaterco.com/customer-care/wastewater-services)[6](https://www.txwaterco.com/media/dgkpib15/wastewater-process-general.pdf)

## Geographic presence

SJW Group’s water and wastewater operations span California, Connecticut, Maine, and Texas. Its California utility, San Jose Water Company, serves about 1 million people through approximately 232,000 water connections across 140 square miles in Santa Clara County, including portions of San Jose and Cupertino, Campbell, Monte Sereno, Saratoga, Los Gatos, and nearby unincorporated areas. It also operates Cupertino’s municipal water system under a concession, with about 4,700 connections. [9](https://app.finbar.com/go?id=P86536473) [10](https://app.finbar.com/go?id=P46945567)

In Connecticut and Maine, the company’s utilities serve about 465,000 people through approximately 143,000 water connections in 81 municipalities; the filing does not divide those figures between the states. Connecticut operations also include about 3,000 wastewater connections in Southbury. [9](https://app.finbar.com/go?id=P86536473) In Texas, The Texas Water Company serves about 90,000 people through approximately 30,000 water connections across more than 271 square miles between San Antonio and Austin, and has about 1,000 wastewater connections. [9](https://app.finbar.com/go?id=P86536473)

The company’s principal executive office is in San Jose, California; Connecticut Water Service’s headquarters is in Clinton, Connecticut. [11](https://app.finbar.com/go?id=T12433497) [12](https://app.finbar.com/go?id=P12789292) The available geographic disclosures report service connections and populations, rather than revenue shares or employee distribution by region. [9](https://app.finbar.com/go?id=P86536473)
[9](https://app.finbar.com/go?id=P86536473)[10](https://app.finbar.com/go?id=P46945567)[11](https://app.finbar.com/go?id=T12433497)[12](https://app.finbar.com/go?id=P12789292)

## Business segments

For FY2025, SJW Group reported one reportable segment: Water Utility Services. It includes water utility and utility-related services provided through SJWC, CWC, TWC, MWC, and Acequia. Segment revenue was $787.1 million, approximately 98.3% of consolidated operating revenue of $800.6 million. [13](https://app.finbar.com/go?id=P93049967)[14](https://app.finbar.com/go?id=T10041216)

The company also reported $13.5 million of revenue in Other Services, approximately 1.7% of consolidated revenue; this is a supplemental category, not a separate reportable segment. It primarily comprises service-concession operations for the City of Cupertino, property management and investment activity, and contract water and sewer operations and other water-related services. [13](https://app.finbar.com/go?id=P93049967)[14](https://app.finbar.com/go?id=T10041216) Real Estate Services had previously been presented as a separate reportable segment; following the sale of the Tennessee properties, prior periods were recast to conform to the current presentation. [15](https://app.finbar.com/go?id=P48552672)
[13](https://app.finbar.com/go?id=P93049967)[14](https://app.finbar.com/go?id=T10041216)[14](https://app.finbar.com/go?id=T10041216)[15](https://app.finbar.com/go?id=P48552672)

## Company history

San Jose Water was founded in 1866. SJW Corp. was incorporated in California in 1985, when San Jose Water Company became its wholly owned subsidiary following a corporate reorganization. [16](https://www.sjwater.com/our-company/our-company-overview/)[17](https://app.finbar.com/go?id=P87984188)[18](https://app.finbar.com/go?id=P71204448)

The group expanded its New England operations when Connecticut Water Service acquired Aqua Maine in 2012. SJW Group completed its merger with Connecticut Water Service on October 9, 2019, bringing Connecticut Water and its subsidiaries into the group. [19](https://www.sec.gov/Archives/edgar/data/276209/000027620914000007/R25.htm)[20](https://app.finbar.com/go?id=P40506095)

In May 2025, SJW Group changed its name to H2O America. Andrew F. Walters became chief executive officer in July 2025, succeeding Eric W. Thornburg, and Bruce A. Hauk became president. [21](https://app.finbar.com/go?id=P18252463)[22](https://app.finbar.com/go?id=P9518428)
[17](https://app.finbar.com/go?id=P87984188)[18](https://app.finbar.com/go?id=P71204448)[16](https://www.sjwater.com/our-company/our-company-overview/)[19](https://www.sec.gov/Archives/edgar/data/276209/000027620914000007/R25.htm)[20](https://app.finbar.com/go?id=P40506095)[21](https://app.finbar.com/go?id=P18252463)[22](https://app.finbar.com/go?id=P9518428)[16](https://www.sjwater.com/our-company/our-company-overview/)[19](https://www.sec.gov/Archives/edgar/data/276209/000027620914000007/R25.htm)

## Sources

1. [SJW GROUP — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P143951732)
2. [www.h2o-america.com](https://www.h2o-america.com/)
3. [SJW GROUP — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P143951684)
4. [www.txwaterco.com](https://www.txwaterco.com/wastewater-treatment-and-water-quality)
5. [www.txwaterco.com](https://www.txwaterco.com/customer-care/wastewater-services)
6. [www.txwaterco.com](https://www.txwaterco.com/media/dgkpib15/wastewater-process-general.pdf)
7. [SJW GROUP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P104071903)
8. [SJW GROUP — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P143951830)
9. [SJW GROUP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P86536473)
10. [SJW GROUP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P46945567)
11. [SJW GROUP — Full financial report (2025 Y)](https://app.finbar.com/go?id=T12433497)
12. [SJW GROUP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P12789292)
13. [SJW GROUP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P93049967)
14. [SJW GROUP — Full financial report (2025 Y)](https://app.finbar.com/go?id=T10041216)
15. [SJW GROUP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P48552672)
16. [www.sjwater.com](https://www.sjwater.com/our-company/our-company-overview/)
17. [SJW GROUP — Full financial report (2024 Y)](https://app.finbar.com/go?id=P87984188)
18. [SJW GROUP — Full financial report (2024 Y)](https://app.finbar.com/go?id=P71204448)
19. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/276209/000027620914000007/R25.htm)
20. [SJW GROUP — Full financial report (2023 Y)](https://app.finbar.com/go?id=P40506095)
21. [SJW GROUP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P18252463)
22. [SJW GROUP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P9518428)

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