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SJW Group to Report Fourth-Quarter and Full-Year 2024 Financial Results on February 26

1. SJW Group will report Q4 and full-year 2024 results on Feb. 26. 2. A conference call will be held on Feb. 27 for discussing results. 3. SJW serves 1.6 million people in water and wastewater utilities. 4. Forward-looking statements highlight risks including weather and regulatory changes. 5. The company emphasizes investment in operations and community engagement.

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Why Neutral?

While upcoming results may influence stock prices, external risks could counterbalance any impact.

How important is it?

Earnings reports can affect stock prices, though risks mitigate potential impact.

Why Short Term?

Immediate impact expected around earnings report, but long-term factors may vary.

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SAN JOSE, Calif., Feb. 13, 2025 (GLOBE NEWSWIRE) -- SJW Group (NASDAQ: SJW) expects to report financial results for the fourth quarter and full-year 2024 and announce guidance, including the company’s five-year capital plan, after the close of the market on Feb. 26, 2025. Eric W. Thornburg, president, chief executive officer and board chair, Andrew F. Walters, chief financial officer and treasurer, Bruce A. Hauk, chief operating officer, and Kristen A. Johnson, senior vice president and chief administrative officer, will host a conference call at 11 a.m. (Pacific time), 2:00 p.m. (Eastern time) on Thursday, Feb. 27. The call will include a discussion of 2024 fourth quarter and full year results. Investors, media, analysts and the public may listen to a live webcast of the conference call by registering at the company’s website, www.sjwgroup.com. An accompanying slide presentation will also be published to the company’s website prior to the call. An archive of the webcast will be available until April 28, 2025. About SJW Group SJW Group is among the largest investor-owned pure-play water and wastewater utilities in the United States, providing life-sustaining and high-quality water service to 1.6 million people. SJW Group’s locally led and operated water utilities - San Jose Water Company in California, The Connecticut Water Company in Connecticut, The Maine Water Company in Maine, and SJWTX, Inc. (dba The Texas Water Company) in Texas - possess the financial strength, operational expertise, and technological innovation to safeguard the environment, deliver outstanding service to customers, and provide opportunities to employees. SJW Group remains focused on investing in its operations, remaining actively engaged in its local communities, and delivering continued sustainable value to its stockholders. For more information about SJW Group, please visit www.sjwgroup.com. Forward-Looking Statements This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Some of these forward-looking statements can be identified by the use of forward-looking words such as “believes,” “expects,” “estimates,” “anticipates,” “intends,” “seeks,” “plans,” “projects,” “may,” “should,” “will,” or the negative of those words or other comparable terminology. These forward-looking statements are only predictions and are subject to risks, uncertainties, and assumptions that are difficult to predict. These forward-looking statements involve a number of risks, uncertainties and assumptions including, but not limited to, the following factors: (1) the effect of water, utility, environmental and other governmental policies and regulations, including regulatory actions concerning rates, authorized return on equity, authorized capital structures, capital expenditures, per- and polyfluroralkyl substances (“PFAS”) and other decisions; (2) changes in demand for water and other services; (3) unanticipated weather conditions and changes in seasonality including those affecting water supply and customer usage; (4) the effect of the impact of climate change; (5) unexpected costs, charges or expenses; (6) our ability to successfully evaluate investments in new business and growth initiatives; (7) contamination of our water supplies and damage or failure of our water equipment and infrastructure; (8) the risk of work stoppages, strikes and other labor-related actions; (9) catastrophic events such as fires, earthquakes, explosions, floods, ice storms, tornadoes, hurricanes, terrorist acts, physical attacks, cyber-attacks, epidemic, or similar occurrences; (10) changes in general economic, political, business and financial market conditions; (11) the ability to obtain financing on favorable terms, which can be affected by various factors, including credit ratings, changes in interest rates, compliance with regulatory requirements, compliance with the terms and conditions of our outstanding indebtedness, and general market and economic conditions; and (12) legislative, and general market and economic developments. The risks, uncertainties and other factors may cause the actual results, performance or achievements of SJW Group to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Results for a quarter are not indicative of results for a full year due to seasonality and other factors. In addition, actual results, performance or achievements are subject to other risks and uncertainties that relate more broadly to our overall business, including those more fully described in our filings with the SEC, including our most recent reports on Form 10-K, Form 10-Q and Form 8-K. Forward-looking statements are not guarantees of future performance, and speak only as of the date made, and SJW Group undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law. SJW Group Contacts Andrew F. WaltersChief Financial Officer and TreasurerAndrew.Walters@sjwater.com408-279-7818 Daniel J. Meaney, APRDirector of Investor RelationsDaniel.Meaney@ctwater.com860-664-6016

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