SJW Corp. (SJW) Misses Q1 EPS by 6c
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SJW Corp. Announces Second Quarter Financial Results
July 29, 2015 6:00 PM EDTSAN JOSE, Calif.--(BUSINESS WIRE)-- SJW Corp. (NYSE: SJW) today reported financial results for the second quarter ended June 30, 2015. Operating revenue was $72.4 million in the quarter compared to $70.4 million in 2014. The $2 million increase in revenue was primarily attributable to $11.8 million in cumulative rate increases and $300,000 in revenue from new customers, offset by $9.3 million in lower customer water usage and a decrease in the net recognition of certain balancing and memorandum accounts of $800,000.
Water production expenses for the second quarter of 2015 were $26.8 million versus $33.1 million for the same period in 2014, a decrease of... More
