H2O America, formerly known as SJW Group, is an investor-owned water and wastewater utility company headquartered in San Jose, California. The company operates through a single reportable segment, providing water utility and utility-related services to approximately 1.6 million people across the United States. H2O America's core business involves the production, purchase, storage, purification, distribution, wholesale, and retail sale of water and wastewater services. The company sources its water from groundwater wells, surface water from watershed run-off and diversion, reclaimed water, and imported water.
Geographically, H2O America operates through four primary regional utilities: San Jose Water Company in California, Connecticut Water Company, Maine Water Company, and Texas Water Company. The company manages approximately 407,000 water and wastewater service connections across these regions. In addition to its regulated utility operations, H2O America offers non-tariffed services, including water system operations, maintenance agreements, antenna site leases, and a Linebacker protection plan for public drinking water customers in certain markets. The company also engages in limited real estate management and investment activities through its real estate services segment, managing commercial properties and undeveloped land primarily in California and Connecticut.
H2O America generates revenue primarily through regulated water sales to residential, commercial, and industrial customers. The company's growth strategy focuses on organic expansion, strategic acquisitions—such as its recent expansion in Texas through the Quadvest acquisition—and capital investments in infrastructure modernization, PFAS remediation, and water supply expansion. Operating as a regulated utility, H2O America relies on recurring revenue streams supported by rate cases approved by state public utility commissions.
