Segment and Non-Tariffed Business Reporting (Tables)

3 Months Ended

Mar. 31, 2024

Schedule of Segment Reporting Information, by Segment

The following tables set forth information relating to SJW Group’s reportable segments and distribution of regulated and non-tariffed business activities within the reportable segments. Certain allocated assets, such as goodwill, revenue and expenses have been included in the reportable segment amounts. Other business activity of SJW Group not included in the reportable segments is included in the “All Other” category.


	For Three Months Ended March 31, 2024
	Water Utility Services			Real Estate Services	All Other (1)	SJW Group
	Regulated		Non-tariffed	Non-tariffed	Non-tariffed	Regulated	Non-tariffed	Total
Operating revenue	$	144,915	2,692	1,775	—	144,915	4,467	149,382
Operating expense	117,781		1,610	726	1,352	117,781	3,688	121,469
Operating income (loss)	27,134		1,082	1,049	(1,352)	27,134	779	27,913
Net income (loss)	14,600		732	783	(4,416)	14,600	(2,901)	11,699
Depreciation and amortization	28,061		85	1	223	28,061	309	28,370
Interest on long-term debt and other interest expense	11,542		221	—	5,821	11,542	6,042	17,584
Provision (benefit) for income taxes	3,696		318	266	(2,049)	3,696	(1,465)	2,231


	For Three Months Ended March 31, 2023
	Water Utility Services			Real Estate Services	All Other (1)	SJW Group
	Regulated		Non-tariffed	Non-tariffed	Non-tariffed	Regulated	Non-tariffed	Total
Operating revenue	$	133,272	2,577	1,447	—	133,272	4,024	137,296
Operating expense	108,867		1,414	899	938	108,867	3,251	112,118
Operating income (loss)	24,405		1,163	548	(938)	24,405	773	25,178
Net income (loss)	13,222		618	425	(2,735)	13,222	(1,692)	11,530
Depreciation and amortization	25,686		84	303	223	25,686	610	26,296
Interest on long-term debt and other interest expense	10,547		—	—	5,225	10,547	5,225	15,772
Provision (benefit) for income taxes	2,724		323	142	(2,111)	2,724	(1,646)	1,078

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(1) The “All Other” category for the three months ended March 31, 2024 and 2023, includes the accounts of SJW Group, SJWNE LLC, CTWS and SJWTX Holdings, Inc. on a stand-alone basis.

SJW Group’s assets by segment are as follows:


	March 31, 2024		December 31, 2023
Water Utility Services:
Regulated	$	4,228,675	4,199,172
Non-tariffed	42,437		43,532
Total water utility services	4,271,112		4,242,704
Real Estate Services	43,506		44,222
All Other	52,894		58,141
Total assets	$	4,367,512	4,345,067

Regulated	$	4,228,675	4,199,172
Non-tariffed	138,837		145,895
Total assets	$	4,367,512	4,345,067