Recent Updates — HTO
H2O America reported third-quarter 2026 GAAP net income of $43.0 million and diluted earnings per share of $0.99, down from $1.27 in the prior year period. Adjusted diluted EPS was $1.04, compared to $1.27 a year ago. Operating revenue increased 4% to $250.2 million, driven by rate increases that partially offset lower customer consumption. The company also announced the declaration of a quarterly cash dividend of $0.44 per share, payable on December 1, 2026, to shareholders of record as of November 9, 2026. H2O America operates as an investor-owned water and wastewater utility provider across California, Connecticut, Maine, and Texas.
On October 1, 2026, H2O America completed the acquisition of substantially all assets of Quadvest Retail and Quadvest Wholesale for a base purchase price of $540 million. The transaction includes both regulated water and sewer utility operations (Regulated Business) and wholesale water services (Wholesale Business). This acquisition more than doubles H2O America’s water and wastewater connections in Texas, significantly expanding its footprint into the Houston region. Prior to closing, Texas customers represented 8% of the company's overall base; management projects this share will rise to 26% by 2029 as part of a strategy to build a stronger utility portfolio with double-digit customer growth potential. H2O America operates investor-owned water and wastewater utilities in the United States.
H2O America reported second quarter 2026 results with GAAP diluted EPS of $0.62 and adjusted diluted EPS of $0.72, compared to $0.71 and $0.75 in the prior year quarter. The company declared a $0.44 per share quarterly cash dividend payable on September 1, 2026. H2O America is a water and wastewater utility provider in the United States.
On June 10, 2026, H2O America and Kristen Johnson mutually agreed to her separation from the company, effective July 3, 2026. The company classified the separation as 'without cause' and will provide severance payments according to her employment agreement. H2O America operates in the water technology industry, providing water filtration and purification solutions.