Earnings Releases·Oct 26, 2026, 4:29 PM ET

H2O America — Third Quarter 2026 Earnings Summary

Q3 2026 diluted EPS declined to $0.99 from $1.27 year-over-year, while adjusted diluted EPS fell to $1.04 from $1.27; operating revenue rose 4% to $250.2 million, though operating expenses increased 8% to $189.7 million.
Guidance for 2026 standalone adjusted diluted EPS was narrowed to $3.10-$3.16, with new guidance including Quadvest and Cibolo Valley impacts set at $2.91-$2.97; long-term adjusted diluted EPS CAGR target remains 6-8%.
The Quadvest acquisition closed on October 1, 2026, for $542.7 million, while the Cibolo Valley wastewater acquisition is pending expected closure on November 2, 2026.
The Board declared a quarterly cash dividend of $0.44 per share, raising the 2026 annualized dividend to $1.76 per share from $1.68 in 2025.
Management plans to invest $2.7 billion over the 2026-30 period, with adjusted full-year 2026 capital investment reduced to approximately $465 million.