SJWahlen
H2O America (NASDAQ: HTO) is a publicly traded holding company that operates regulated water and wastewater utilities serving 1.6 million residential, commercial, industrial, and government customers across California, Connecticut, Maine, and Texas through four local utility subsidiaries.
- Company typePublic
- Founded-
- HeadquartersSan Jose, United States
- Headcount501–1,000
- GTM typeB2B and B2C
- OfferingServices
What SJWahlen does
H2O America (NASDAQ: HTO), formerly SJW Group, is a publicly traded holding company for regulated water and wastewater utilities headquartered in San Jose, California. The company serves 1.6 million people across four states — California, Connecticut, Maine, and Texas — through four wholly-owned subsidiaries: San Jose Water, Texas Water, Connecticut Water, and Maine Water. Its underlying technology is physical water and wastewater treatment and distribution infrastructure, including treatment plants, pipelines, pumping stations, and supporting operational systems.
The company generates revenue through regulated water and wastewater utility services delivered to residential, commercial, industrial, and government customers within state-granted franchise service territories. Pricing is not market-set; rates are established through state public utility commission rate proceedings that allow recovery of operating costs and a regulated return on infrastructure investment. The business model is therefore recurring and subscription-like, with revenue tied to customer water consumption and wastewater fees, supported by long-duration rate-base growth.
Strategically, H2O America is executing a $2 billion infrastructure investment plan for 2025-2029, targeting 5%-7% long-term EPS growth and 25 consecutive years of dividend increases. The pending Quadvest acquisition is expected to expand the footprint and be accretive to EPS. Leadership includes CEO and Chair Andrew F. Walters and newly appointed VP of Communications Michael Ambrozewicz (May 2026). The company has been recognized as TIME Most Impactful 2026 and reports a 43% reduction in GHG emissions since 2019. BofA Securities upgraded the stock to Buy, noting improved financial and regulatory execution and a valuation discount to peers.
SJWahlen firmographics
Firmographics- Name
- SJWahlen
- Legal name
- H2O America
- Website
- https://sjwgroup.com
- Company type
- Public
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- H2O America (NASDAQ: HTO) is a publicly traded holding company that operates regulated water and wastewater utilities serving 1.6 million residential, commercial, industrial, and government customers across California, Connecticut, Maine, and Texas through four local utility subsidiaries.
- Ownership category
- akta.pro rank
SJWahlen industry classification
Industry- Product category
- Water and Wastewater Utilities
- NAICS
- Water, Sewage and Other Systems (2213), Water Supply and Irrigation Systems (221310), Sewage Treatment Facilities (22132), Water Supply and Irrigation Systems (22131)
- SIC
- Water Supply (4941), Electric, Gas & Sanitary Services (4900), Sanitary Services (4950)
- akta.pro primary industry
- Water Supply & Wastewater Utilities Administration (BPAIACAG)
- akta.pro secondary industries
- Water & Wastewater Compliance (NPDES/Stormwater, Pretreatment, Drinking Water/SDWA) (EUAHABAB), Water Resources Administration (Watersheds, Rivers, Groundwater) (BPAIAMAE)
Keywords
Where SJWahlen is headquartered
LocationHeadquarters
- HQ city
- San Jose
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
SJWahlen business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Infrastructure, Personnel, Operations, Technology or R&D, Others
Revenue model
- Water and wastewater utility services: H2O America generates revenue through regulated water and wastewater utility services provided by its subsidiaries (San Jose Water, Texas Water, Connecticut Water, Maine Water) across California, Connecticut, Maine, and Texas. Revenue is derived from customer water consumption charges and wastewater fees set through regulatory rate proceedings.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
SJWahlen product offering
Product offeringCore offering
H2O America operates as a holding company for regulated water and wastewater utilities serving 1.6 million residential, commercial, and industrial customers across California, Connecticut, Maine, and Texas. The company delivers potable water supply, wastewater collection and treatment, and related utility infrastructure services through four wholly-owned subsidiaries: San Jose Water, Texas Water, Connecticut Water, and Maine Water.
Product overview
H2O America operates as a unified water and wastewater utility platform serving 1.6 million people across California, Connecticut, Maine, and Texas through four regional subsidiary brands: San Jose Water, Texas Water, Connecticut Water, and Maine Water. The company functions as a holding company structure with locally-branded utility operations that collectively form the H2O America portfolio, providing regulated water and wastewater services to residential, commercial, and industrial customers in their respective service territories.
Differentiator
Problem solved
Functional benefit
Brands
- San Jose Water: Water utility subsidiary serving California
- Texas Water
- Connecticut Water
- Maine Water
Products and services
- San Jose Water Regulated water utility service delivering potable water supply and wastewater services to residential, commercial, and industrial customers in the San Jose, California service territory.
- Texas Water Regulated water utility service providing potable water and wastewater services to customers across the company's Texas service territory.
- Connecticut Water Regulated water utility service providing potable water and wastewater services to residential, commercial, and industrial customers in Connecticut.
- Maine Water Regulated water utility service providing potable water and wastewater services to residential, commercial, and industrial customers in Maine.
Quantifiable outcome
- 43% reduction in GHG emissions since 2019
- +4 more outcomes
Companies that use SJWahlen
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
SJWahlen technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
SJWahlen partnerships and signals
Strategic signalScale indicators7 records
Recent moves5 records
Expansion highlights4 records
SJWahlen competitors and assessment
Company assessmentDirect peers
- Essential Utilities: Regulated water and natural gas utility holding company. Comparable multi-utility regulated business model with similar regulatory rate case dynamics and infrastructure investment programs.
- Middlesex Water Company: Pure-play regulated water and wastewater utility in New Jersey and Delaware. Directly comparable in regulated utility economics, customer mix, and rate-case-driven growth model.
- Artesian Resources: Small-cap regulated water utility operating primarily in Delaware. Comparable regulated water utility economics and rate base growth model, though smaller in scale and geography.
- York Water Company: Pure-play regulated water utility in Pennsylvania. Comparable business model, customer base, and regulatory dynamics, with a similarly long-standing dividend track record.
- SJW Group: Parent holding company of H2O America and a directly comparable regulated water utility holding company in its own right. The most direct structural peer given the holding relationship.
- California Water Service Group: Pure-play regulated water utility serving California and other states. Highly comparable operating model in H2O America's largest state, with similar rate-case dependency and rate base growth strategy.
- American Water Works Company: Largest publicly traded US water and wastewater utility. Directly comparable as a regulated water utility holding company with multi-state operations, a similar rate base growth model, and a similar dividend-growth profile.
- Aqua America (Essential Utilities subsidiary): Regulated water utility subsidiary of Essential Utilities operating across multiple US states. Closely comparable in scale and regulatory structure to H2O America's four-state platform.
Broad incumbents
- Eversource Energy: Large investor-owned utility holding company with water and electric operations including the recent Aquarion divestiture. Comparable as a multi-state regulated utility owner with overlapping service territory in Connecticut.
- Veolia Environnement: Global water and environmental services operator with regulated and contracted municipal water activities. Comparable water utility economics at scale, though predominantly international and contract-operated rather than US rate-regulated.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks7 records
Key highlights7 records
Customer concentration
SJWahlen social profiles
Digital presenceSJWahlen financial estimates
Financial estimateRevenue estimate
Valuation estimate
SJWahlen leadership team
Management profileNumber of profiles
Profiles2 records
SJWahlen subsidiaries and ownership
Company hierarchySubsidiaries4 records
SJWahlen funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SJWahlen M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SJWahlen
What does SJWahlen do?
H2O America operates as a holding company for regulated water and wastewater utilities serving 1.6 million residential, commercial, and industrial customers across California, Connecticut, Maine, and Texas. The company delivers potable water supply, wastewater collection and treatment, and related utility infrastructure services through four wholly-owned subsidiaries: San Jose Water, Texas Water, Connecticut Water, and Maine Water.
Is SJWahlen a public or private company?
SJWahlen is a public company. It is classified as public and is currently operating.
When was SJWahlen founded?
SJWahlen was founded in -1. It employs 501 to 1,000 people.
Where is SJWahlen based?
SJWahlen is headquartered in San Jose, United States, in the North America region.
How does SJWahlen make money?
One revenue line is on record: water and wastewater utility services.
Who are SJWahlen's main competitors?
Direct peers on record are Essential Utilities, Middlesex Water Company, Artesian Resources, York Water Company, SJW Group, California Water Service Group, American Water Works Company and Aqua America (Essential Utilities subsidiary). Broad incumbents are Eversource Energy and Veolia Environnement.
Does SJWahlen have an API?
No public API is recorded for SJWahlen.
What industry is SJWahlen in?
SJWahlen's product category is Water and Wastewater Utilities. Its primary akta.pro industry code is BPAIACAG, Water Supply & Wastewater Utilities Administration, with a secondary code of EUAHABAB, Water & Wastewater Compliance (NPDES/Stormwater, Pretreatment, Drinking Water/SDWA). Its NAICS code is 2213 and its SIC code is 4941.