H2O America filed its quarterly report on Form 10-Q with the SEC on October 26, 2026, covering the three and nine months ended September 30, 2026, and reporting operating revenue of $250,229 thousand for the third quarter.

Key Highlights

  • Q3 2026 operating revenue: $250,229 thousand, compared with $240,550 thousand in Q3 2025, according to the filing.
  • Q3 2026 net income: $43,044 thousand, down from $45,132 thousand in the prior-year quarter, as reported.
  • Nine-month net income: $88,646 thousand for the nine months ended September 30, 2026, versus $86,358 thousand for the same period in 2025.
  • Diluted EPS: $0.99 for Q3 2026, compared with $1.27 for Q3 2025; nine-month diluted EPS was $2.13 versus $2.48 in 2025.
  • Dividends per share: $0.44 for Q3 2026 and $1.32 for the nine months ended September 30, 2026, the filing stated.
  • Shares outstanding: 48,318,991 shares of common stock as of October 21, 2026, per the cover page.
  • Net utility plant: $4,216,173 thousand as of September 30, 2026, up from $3,933,967 thousand at December 31, 2025.

H2O America Third-Quarter 2026 Financial Results and Quadvest Acquisition Context

H2O America (NASDAQ:HTO), a Delaware-incorporated water utility headquartered at 110 West Taylor Street, San Jose, CA 95110, filed its Form 10-Q for the quarterly period ended September 30, 2026, as a large accelerated filer. The company reported Q3 2026 operating revenue of $250,229 thousand, an increase from $240,550 thousand in the same quarter of 2025. Total operating expenses rose to $189,740 thousand from $175,923 thousand year-over-year, driven in part by higher purchased water costs of $50,360 thousand versus $38,163 thousand in Q3 2025 and higher depreciation and amortization of $32,478 thousand versus $28,765 thousand.

Operating income for Q3 2026 was $60,489 thousand, compared with $64,627 thousand in Q3 2025. Interest on long-term debt and other interest expense was $18,161 thousand for the quarter. For the nine months ended September 30, 2026, operating revenue totaled $643,996 thousand against $606,404 thousand for the same period in 2025, while nine-month operating income was $140,669 thousand versus $144,388 thousand. The provision for income taxes for the nine-month period was $12,573 thousand, compared with $13,932 thousand in 2025.

The filing noted the recently completed acquisition of substantially all of the assets of the regulated water and wastewater utility operations of Quadvest, L.P. ("Quadvest Retail") and substantially all of the assets of the wholesale water and wastewater operations of Quadvest Wholesale, LLC ("Quadvest Wholesale," and together with Quadvest Retail, "Quadvest"). The filing identified integration of Quadvest's operations and realization of projected financial and other benefits as among the risk factors associated with the transaction. The company's forward-looking statements, including those related to the Quadvest acquisition, are the company's own and subject to its cautionary language as described in the filing.

What Was Disclosed

H2O America's 10-Q for the period ended September 30, 2026, disclosed quarterly revenue of $250,229 thousand, net income of $43,044 thousand, diluted EPS of $0.99, dividends of $0.44 per share, and net utility plant of $4,216,173 thousand, alongside disclosure of the recently completed Quadvest acquisition.