H2O AMERICA reported second-quarter 2026 results with revenue of $210.5M, up from $198.3M a year earlier, and net income of $26.6M. Diluted EPS was $0.62 for the quarter versus $0.71 in the year‑ago period.
Financial Highlights
- Revenue: $210.5M for Q2 2026, compared with $198.3M in the prior-year quarter; YoY change 6%.
- Net income: $26.6M for Q2 2026, compared with $24.7M in the prior-year quarter; YoY change 8%.
- Diluted EPS: $0.62 for Q2 2026, compared with $0.71 in the prior-year quarter; YoY change (13%).
Business Highlights
- Revenue growth: Operating revenue rose 6% year over year for the quarter and 8% year to date, driven by rate increases and higher water sales during warmer months.
- Channel & service mix: Core Water Utility Services remain the primary revenue source; Other Services contributed modestly and showed slight growth.
- Expansion: Acquisition of Quadvest is pending and is expected to add scale and presence in the fast‑growing Houston market.
- Regulatory and operational milestones: Multiple regulatory approvals (rate increases, AMI, purchased water surcharges) granted in 2025–2026 became effective between mid‑2025 and July 2026.
- Capital program: Company plans $458M in 2026 capital expenditures (about 42% spent by mid‑year) and a five‑year $2.57B pipeline that includes roughly $400M for PFAS treatment.
Original SEC Filing:
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