H2O America Announces Third Quarter 2026 Financial Results
Key Highlights
- ➤Q3 adjusted EPS $1.04, down from $1.27 year over year
- ➤2026 adjusted EPS guidance initiated at $2.91-$2.97, including acquisitions
- ➤Quadvest acquired for $542.7 million cash consideration on October 1
- ➤2026 capital plan reduced to approximately $465 million from $483 million
- ➤Quarterly dividend declared at $0.44 per share, payable December 1
Expert Statements
Andrew F. Walters, Chair and chief executive officer of H2O America
“Our third quarter results have our company in position to deliver on our full year 2026 guidance and we remain committed to our longer-term financial targets.”
Andrew F. Walters, Chair and chief executive officer of H2O America
“The close of the Quadvest acquisition earlier this month marked a significant milestone in our strategy to build a stronger, more diversified utility portfolio.”
Andrew F. Walters, Chair and chief executive officer of H2O America
“Beyond Texas, I am incredibly proud of the progress that our teams have made with respect to the general rate cases in Connecticut and Maine as we pursue recovery of the more than $180 million of combined investments that are not yet recognized in rates as well as the preparations being made by our California team with respect to the upcoming 2028-30 GRC filing.”
Andrew F. Walters, Chair and chief executive officer of H2O America
“I am so very grateful to lead a team of such dedicated partners as we work to execute on our operational, regulatory and financial growth goals while providing our customers and the communities that we are honored to serve with the high-quality service they deserve.”
* Third quarter 2026 reported diluted EPS of $0.99 and adjusted diluted EPS (non-GAAP)(1) of $1.04, as compared to reported and adjusted diluted EPS in the third quarter of 2025 of $1.27 and $1.27, respectively * Year-to-date 2026 reported diluted EPS of $2.13 and adjusted diluted EPS (non-GAAP)(1) of $2.30, as compared to reported and adjusted diluted EPS in the same period of 2025 of $2.48 and $2.53, respectively * 2026 standalone adjusted diluted EPS guidance, which excludes the impacts of the Quadvest and pending Cibolo Valley acquisitions and the financings thereof, narrowed to $3.10-$3.16(1 )(midpoint remains $3.13). 2026 adjusted diluted EPS guidance, including the impacts of the acquisitions and the financings thereof, initiated at $2.91-$2.97(1) * No change to our 5-year and long-term diluted EPS growth and financial targets * $325.1 million(2) of total company-funded infrastructure investments in 2026 through the third quarter out of a revised full year capital plan of approximately $465 million; no change to our total $2.7 billion(2) capital plan over the 2026-30 period * Quadvest acquisition closed on October 1, 2026; active Quadvest connections up 14%, or 7,700, in 2026 while connections under contract and pending development have grown 13%, or 11,300 connections, in 2026 * Declared $0.44 cash dividend per share of common stock SAN JOSE, Calif., Oct. 26, 2026 (GLOBE NEWSWIRE) -- H2O America (NASDAQ: HTO) today reported financial results for the third quarter of 2026.
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