California Updates & ESG Initiatives

Financial Results: 4Q 2023 • . ● Quarter-over-quarter results comparison was impacted by the delay in San Jose Water Company's 2022 to 2024 general rate case decision that came in October 2022 Restoration of WCMA and Water Conservation Expense Memorandum Account (WCEMA) retroactive to April 20, 2023 reflected entirely in 4Q results Customer usage decreased in Maine and Texas IN MILLIONS except for earnings per share (EPS) 4Q 2023 4Q 2022 CHANGE Revenue $171.3 $171.4 ―% increase Net Income $18.9 $33.5 43% decrease Diluted EPS $0.59 $1.09 46% decrease SJW Group 25

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