EXHIBIT 99.1


SJW GROUP ANNOUNCES 2017 SECOND QUARTER FINANCIAL RESULTS

SAN JOSE, CA, July 26, 2017 – SJW Group (NYSE: SJW) today reported financial results for the second quarter ended
June 30, 2017. SJW Group net income was $18.7 million for the quarter ended June 30, 2017, compared to $16.8 million for the same period in 2016. Diluted earnings per share were $0.90 and $0.82 for the quarters ended June 30, 2017 and 2016, respectively.

Operating revenue was $102.1 million for the quarter ended June 30, 2017 compared to $86.9 million in the same period in 2016. The $15.2 million increase in revenue was primarily attributable to $15.0 million in cumulative rate increases, $4.7 million in higher revenue recorded in our Water Conservation Memorandum Account ("WCMA"), $3.2 million in higher customer usage, and a $1.1 million change in the net recognition of certain other balancing and memorandum accounts. These increases were partially offset by $8.8 million in true-up revenue recognized as a part of the decision on our 2016 California General Rate Case decision in the prior year.

Water production expenses for the second quarter of 2017 were $38.5 million compared to $27.7 million for the same period in 2016, an increase of $10.8 million. The increase in water production expenses was attributable to $5.5 million in higher per unit costs for purchased water, groundwater extraction and energy charges, $4.1 million in higher expenses due to a decrease in the use of available surface water supplies, and $1.2 million in higher customer water usage. Operating expenses, excluding water production costs, increased $3.3 million to $32.8 million from $29.5 million. The increase was primarily due to $1.9 million of higher administrative and general expenses, $846,000 of higher depreciation expenses due to assets placed in service in 2016, and $427,000 in higher property taxes and other non-income taxes.

Other expense and income in the second quarter and first six months of 2017 included a pre-tax gain of $6.3 million on the sale of 444 West Santa Clara Street Limited Partnership's interests in the commercial building and land the partnership owned and sale of undeveloped land which SJW Land Company owned for a pre-tax gain of $580,000. Other expense and income in the second quarter and first six months of 2016 included a pre-tax gain on the sale of 159,151 shares of California Water Service Group stock for $3.2 million.

The effective consolidated income tax rates were 37% and 39% for the quarters ended June 30, 2017 and 2016, and 36% and 39% for the six-month periods ended June 30, 2017 and 2016, respectively. The change was due to inclusion of a noncontrolling interest gain on sale of 444 West Santa Clara Street Limited Partnership property in net income before income taxes with no associated income taxes on the noncontrolling interest.

Year-to-date net income was $22.4 million, compared to $20.2 million in 2016. Diluted earnings per share were $1.08 in the first six months of 2017, compared to $0.98 per diluted share for the same period in 2016.

Year-to-date operating revenue increased by $23.0 million to $171.1 million from $148.1 million in the first six months of 2017. The increase was attributable to $23.6 million in cumulative rate increases, $5.2 million in higher revenue recorded in our WCMA, $1.6 million in higher customer usage, and a $1.5 million change in the net recognition of certain other balancing and memorandum accounts. These increases were partially offset by $8.8 million in true-up revenue recognized as a part of the decision on our 2016 California General Rate Case decision in the prior year. WCMA revenue included $1.4 million related to a redistribution of certain customer accounts between residential and business customers for the year ended December 31, 2016.
 
Year-to-date water production expenses increased to $64.6 million from $48.3 million in 2016. The $16.3 million increase was attributable to $9.1 million in higher per unit costs for purchased water, groundwater extraction and energy charges, $6.4 million in higher expenses due to a decrease in the use of available surface water supplies, and $802,000 in higher customer water usage. Operating expenses, excluding water production costs, increased $5.5 million to $64.9 million from $59.4 million. The increase was primarily due to $2.8 million in higher administrative and general expenses, $1.8 million of higher depreciation expenses, and $904,000 in higher property taxes and other

1

The following information was filed by Sjw Group (SJW) on Thursday, July 27, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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