EXHIBIT 99.1


SJW GROUP ANNOUNCES 2017 THIRD QUARTER FINANCIAL RESULTS

SAN JOSE, CA, October 25, 2017 – SJW Group (NYSE: SJW) today reported financial results for the third quarter ended
September 30, 2017. SJW Group net income was $19.5 million for the quarter ended September 30, 2017, compared to $19.0 million for the same period in 2016. Diluted earnings per share were $0.94 and $0.92 for the quarters ended September 30, 2017 and 2016, respectively.

Operating revenue was $124.6 million for the quarter ended September 30, 2017 compared to $112.3 million in the same period in 2016. The $12.3 million increase in revenue was primarily attributable to $10.6 million in cumulative rate increases and $4.5 million in higher customer usage. These increases were partially offset by $2.6 million in lower revenue recorded in our Water Conservation Memorandum Account ("WCMA").

Water production expenses for the third quarter of 2017 were $53.0 million compared to $45.0 million for the same period in 2016, an increase of $8.0 million. The increase in water production expenses was attributable to $4.3 million in higher per unit costs for purchased water, groundwater extraction and energy charges and $4.0 million in higher customer water usage, which were partially offset by $339,000 due to an increase in the use of available surface water supplies. Operating expenses, excluding water production costs, increased $2.4 million to $33.4 million from $31.0 million. The increase was primarily due to $1.0 million of higher administrative and general expenses, $946,000 of higher depreciation expenses due to assets placed in service in 2016, and $398,000 in higher maintenance and property taxes and other non-income taxes.

The effective consolidated income tax rates were 41% and 40% for the quarters ended September 30, 2017 and 2016, respectively.

Year-to-date net income was $41.9 million, compared to $39.1 million in 2016. Diluted earnings per share were $2.03 in the first nine months of 2017, compared to $1.90 per diluted share for the same period in 2016.

Year-to-date operating revenue increased by $35.3 million to $295.7 million from $260.4 million in the first nine months of 2017. The increase was attributable to $34.2 million in cumulative rate increases, $6.1 million in higher customer usage, $2.6 million in higher revenue recorded in our WCMA, and a $1.3 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 our 2016 California General Rate Case decision in the prior year.
 
Year-to-date water production expenses increased to $117.6 million from $93.3 million in 2016. The $24.3 million increase was attributable to $13.4 million in higher per unit costs for purchased water, groundwater extraction and energy charges, $6.0 million in higher expenses due to a decrease in the use of available surface water supplies, and $4.8 million in higher customer water usage. Operating expenses, excluding water production costs, increased $7.9 million to $98.3 million from $90.4 million. The increase was primarily due to $3.8 million in higher administrative and general expenses, $2.7 million of higher depreciation expenses, and $1.4 million in higher maintenance and property taxes and other non-income taxes. The increase in administrative and general expenses was primarily due to an increase in salaries and an increase in regulatory fees due to higher usage.

Other expense and income in the first nine 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 first nine 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 39% and 40% for the nine-month periods ended September 30, 2017 and 2016, respectively.

1

The following information was filed by Sjw Group (SJW) on Thursday, October 26, 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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