SJW Group (NYSE:SJW) Q1 2024 Earnings Call Transcript

Andrew Walters: Eric, I might just add to that, too, that the amounts are obviously estimates based off the time, inflation and other factors could have an impact on where the total actually comes out to be over time. But the other thing that Eric mentioned in his discussion with us was we are focused on ways to save money and other ways to create that room in the bills of our customers so that we can confidently recover this without any diminution in other capital projects as well.

Gregg Orrill: All right. Thanks. Have a good weekend.

Eric Thornburg: Thank you, Gregg. Appreciate it. Thank you very much.

Operator: Thank you. I’m showing no further questions at this time. I would now like to turn it back to Eric Thornburg, Chief Executive Officer, for closing remarks.

Eric Thornburg: Thank you, everyone for joining us today. As you heard, it’s been a solid start to the year and we have a lot more to look forward to into 2024, including finalizing our rate case in Connecticut, implementing our AMI initiative in California, pursuing the acquisition and close of 3009 in Texas, advancing our PFAS remediation strategy and realizing our national capital sourcing initiative and much, much more. SJW Group proudly leverages that national platform we have to support our local operations in their shared mission to serve high quality water to $1.5 million people across four states. And while we do this, we make sure we execute our growth strategy and deliver shareholder value, including paying a dividend, which we have faithfully done for 80 straight years.

And we’ve raised that dividend for 56 consecutive years. I recognize that it’s our culture of service to our customers and the local communities that underlies our success. And I’m very proud of our people who make it all possible. And we look forward to sharing our progress with you next quarter as we continue to execute on our growth strategy. In the meantime, Andrew and I, along with the rest of the SJW group team are always available for follow-up. Thank you again for your interest in SJW group.

Operator: This concludes today’s conference call. Thank you for participating. You may now disconnect.