H2O AMERICA (HTO) H2O America, operating nationwide via its various subsidiaries, is a key provider of essential water utility and associated services. The company manages the entire water lifecycle, from procuring, storing, and purifying water to its distribution, wholesale, and retail sale, alongside offering wastewater management services. Its water supply is diverse, sourced from groundwater wells, surface water collected through watershed runoff and diversions, reclaimed water, and imported water acquired from the Santa Clara Valley Water District. Beyond its primary utility offerings, H2O America also delivers a suite of non-regulated services. These include the management and maintenance of water systems, various contracted services, leasing opportunities for antenna sites, and other water and sewer operational services. A notable offering is the "Linebacker protection plan," specifically tailored for its public drinking water clients in Connecticut and Maine. The company's extensive service footprint spans several regions. In California, it supplies water to approximately 232,000 connections, benefiting about one million residents in portions of San Jose and Cupertino, as well as the cities of Campbell, Monte Sereno, Saratoga, the Town of Los Gatos, and surrounding unincorporated areas of Santa Clara County. In Connecticut and Maine, H2O America serves roughly 142,000 connections, providing water to an estimated 463,000 individuals across 81 municipalities within an approximate 275-square-mile service area. Additionally, it oversees around 3,000 wastewater connections in Southbury, Connecticut. Further south, in the corridor between San Antonio and Austin, Texas, the company services approximately 29,000 water connections for about 88,000 people across an area exceeding 271 square miles, supplemented by approximately 1,000 wastewater connections. H2O America also holds various real estate assets, including undeveloped land in California and both commercial properties and land parcels situated in Connecticut. The company, which was incorporated in 1985 and is headquartered in San Jose, California, was previously known as SJW Group before officially rebranding to H2O America in May 2025.
Sector: Water Supply
Industry: Regulated Water
H2O America NASDAQ:HTO Utilities · Regulated Water
Mkt Cap $3.45B
Div Yield 2.76%
Pre Pre-market $62.85 Close $62.95 0.00% AH $62.95 Now $62.85
Close $62.95 +0.51% AH $62.95 -0.16% since
Mkt Cap $3.45B
Div Yield 2.76%
Press Release ⚠ 2
H2O America Announces Pricing of Offering of Equity Units
H2O America priced a public offering of 6.5 million equity units at a $50 stated amount, for $325 million aggregate, with a 13-day over-allotment option on 975,000 more units.
Each unit bundles a stock purchase contract with a 1/20 interest in 5.300% Remarketable Senior Notes due 2031, producing total annual distributions of 7.750%; holders must buy a variable number of shares by November 1, 2029 at a $58.5686 reference price, with settlement rates implying a 17.5% premium threshold.
Net proceeds of roughly $315.3 million ($362.5 million with the option) are earmarked for general corporate purposes including acquisitions, capex, or debt repayment, likely funding the pending Quadvest and Cibolo Valley transactions; the deal is expected to close November 3, 2026.
• 10d ago AI analysis › Press Release ⚠ 2
H2O America Announces Proposed Offering of Equity Units
H2O America launched an underwritten public offering of 6.5 million equity units at a $50 stated amount, totaling $325 million, with a 975,000-unit over-allotment option.
Each unit combines a forward purchase contract for common stock and a 1/20 interest in $1,000 of remarketable senior notes due 2031; shares are expected to be issued to holders on or about November 1, 2029, creating future dilution.
Proceeds are earmarked for general corporate purposes including acquisitions, capex, debt repayment, and refinancing debt maturing in 2029, consistent with prior capital plans. Wells Fargo Securities and J.P. Morgan are joint book-runners.
• 11d ago AI analysis › Press Release ● Major ⚠ 5
H2O America Announces Third Quarter 2026 Financial Results
H2O America reported Q3 2026 GAAP diluted EPS of $0.99 and adjusted EPS of $1.04, down sharply from $1.27 in both metrics a year ago, on Q3 revenue of $250.2 million, up 4% year-over-year.
The EPS decline was driven primarily by a higher share count from 2025 ATM usage and the March 2026 common stock issuance; net income fell just 5% on a GAAP basis while nine-month adjusted net income actually grew 8% to $95.3 million.
The company narrowed standalone 2026 adjusted EPS guidance to $3.10-$3.16 (midpoint unchanged at $3.13) and initiated guidance of $2.91-$2.97 including the newly closed $542.7 million Quadvest acquisition and pending Cibolo Valley deal — implying near-term dilution ahead of Texas rate recovery.
Management affirmed long-term 6-8% adjusted EPS CAGR targets and declared a $0.44 quarterly dividend ($1.76 annualized, up from $1.68), extending a 58-year streak of annual dividend increases.
• 13d ago AI analysis › Press Release
H2O America to Report Third Quarter 2026 Financial Results on October 26
H2O America will report third quarter 2026 financial results after market close on Monday, October 26, 2026.
CEO Andrew Walters, CFO Ann Kelly, and President/COO Bruce Hauk will host a conference call at 10 a.m. Eastern on October 27, with a live webcast available via the company website.
The release contains no financial results or guidance; it is purely an earnings-date announcement. H2O America serves roughly 1.6 million people through about 409,000 water and wastewater connections via four regional utilities.
• 26d ago AI analysis › Press Release ⚠ 2
H2O America Completes Texas Subsidiary’s Acquisition of Quadvest
H2O America's Texas subsidiary, The Texas Water Company, completed the acquisition of all assets of Quadvest, a Houston-area water and wastewater operator.
The deal more than doubles H2O America's Texas connections; the company expects Texas customers to grow from 8% to 26% of its total customer base by 2029, driven by Quadvest's development pipeline and projected double-digit customer growth.
Management says the transaction is expected to be accretive to long-term EPS growth and increases geographic and regulatory diversification; Quadvest operations continue without interruption with local teams retained.
• 1mo ago AI analysis › Press Release ⚠ 2
H2O America Receives Regulatory Approval for Texas Subsidiary’s Cibolo Valley Acquisition
H2O America's regulated Texas utility, The Texas Water Company, has received the regulatory approval needed to complete its acquisition of the Cibolo Valley wastewater treatment plant and associated collection systems from South Central Water Company, with closing expected on Nov. 1, 2026.
The deal more than doubles TWC's wastewater connections within its existing Texas Hill Country footprint, and management sees operational-efficiency opportunities because the acquired customer base is already served by TWC's water service.
TWC serves nearly 90,000 people across seven Texas counties, and parent H2O America serves over 1.6 million people nationwide; the company's forward-looking statements indicate it expects the transaction to be accretive to its long-term EPS growth rate.
• 1mo ago AI analysis › Press Release
H2O America Receives Regulatory Approval for Texas Subsidiary’s Acquisition of Quadvest
H2O America announced that its Texas subsidiary, The Texas Water Company, received all necessary state and federal regulatory approvals to acquire Quadvest, a regulated water and wastewater utility in the Houston metro area. The transaction is expected to close on October 1, 2026.
The acquisition will significantly expand H2O America's footprint in the high-growth Texas market, providing greater scale to support infrastructure investment and operational excellence.
CEO Andrew F. Walters stated that the combination of TWC and Quadvest will leverage complementary local expertise to create a stronger platform for the company's continued evolution in Texas.
• 2mo ago AI analysis › Press Release ⚠ 2
H2O America Announces Second Quarter 2026 Financial Results
H2O America reported Q2 2026 revenue of $210.5 million, up 6% year-over-year, with net income rising 8% to $26.6 million.
Reported diluted EPS of $0.62 declined from $0.71 in the prior year due to higher share count from ATM program and early 2026 stock issuance, while adjusted EPS decreased to $0.72 from $0.75.
The company reaffirmed its full-year 2026 adjusted EPS guidance of $3.08-$3.18 and declared a quarterly dividend of $0.44 per share, up from $0.42 a year ago.
• 3mo ago AI analysis › Press Release
H2O America to Report Second Quarter 2026 Financial Results on July 27
H2O America announced it will report its second quarter 2026 financial results after the market close on July 27, 2026.
Management will host a conference call on July 28 at 8 a.m. Pacific time to discuss the results and recent developments, accessible via webcast.
The company operates a network of local water utilities across four regions, serving approximately 409,000 connections.
• 3mo ago AI analysis › Press Release
H2O America Appoints Michael Ambrozewicz as Vice President of Communications
H2O America appointed Michael Ambrozewicz as Vice President of Communications.
Ambrozewicz joins from Albertsons Companies, bringing over two decades of experience from roles at AT&T and DIRECTV.
He will lead corporate reputation, stakeholder engagement, and brand management for the water utility provider.
• 5mo ago AI analysis › Press Release
H2O America Announces First Quarter 2026 Financial Results
globenewswire.com • 6mo ago 
