H2O AMERICA (HTO) Form 10-Q — Oct 26, 2026
H2O America reported Q3 2026 operating revenue of $250.2 million, up 4% year over year, but net income fell 5% to $43.0 million and diluted EPS dropped 22% to $0.99 as share count expanded roughly 35% and M&A-related costs rose. The company completed the acquisition of Quadvest's Texas water and wastewater operations on October 1, 2026 for approximately $542.7 million, funded largely by $620.2 million of 2026 equity issuance including a March offering at $51.28 per share and forward purchase agreement settlements.
Key figures
- Eps
- 0.99
- Revenue
- 250229000
- Net Income
- 43044000
- Total Debt
- 1881391000
- Revenue Yoy
- +4% (Q3); +6% nine months
- Total Assets
- 6052124000
- Cash Position
- 572957000
- Shares Outstanding
- 48318991
- Sp rating
- A- with Negative outlook
- 2026 capex budget
- $440 million (~69% invested through Sept 30)
- Q3 2025 net income
- 45132000
- Q3 2025 diluted eps
- 1.27
- Q3 operating income
- 60489000
- Nine month net income
- 88646000
- Dividends per share q3
- 0.44
- Nine month diluted eps
- 2.13
- Adjusted diluted eps q3
- 1.04
- Quadvest total consideration
- $542.7 million ($480.9M Quadvest L.P. + $61.8M Quadvest Wholesale)
- Forward settlements nine months
- $330.0 million for 6,439,308 shares
- March 2026 offering net proceeds
- $290.2 million at $51.28/share
AI analysis
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