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H2O America (NASDAQ: HTO) has scheduled its second quarter 2025 financial results announcement for July 28, 2025, after market close. The company will host a conference call on July 29, 2025 at 11:00 AM PT (2:00 PM ET) to discuss the results.
Key executives participating in the call include CEO Andrew F. Walters, CFO Ann P. Kelly, and President Bruce A. Hauk. Interested parties can access the live webcast and accompanying slide presentation through the company's website at H2O-America.com. The webcast recording will remain available until October 20, 2025.
H2O America (NASDAQ: HTO) announced that its Texas subsidiary, The Texas Water Company (TWC), will acquire Quadvest, a major water and wastewater utility in the Houston metro area, for $540 million. The transformative acquisition will more than double H2O America's Texas connections, adding over 47,000 active connections and 89,000 connections under contract.
The deal includes 50 water treatment plants, 27 wastewater treatment plants, and 89 lift stations. Post-acquisition, Texas will represent approximately 17% of H2O America's total service base, up from 7%, and is projected to reach 26% by 2029. H2O America plans to invest over $500 million in Texas over the next five years, increasing its five-year capital spending plan to $2.1 billion.
The transaction is expected to close by mid-2026, subject to regulatory approvals. The deal will be financed through privately placed debt and equity infusions from H2O America.
H2O America (NASDAQ: HTO), a leading water and wastewater utility, has appointed Megan Mattern as Chief Accounting Officer, Principal Accounting Officer and Controller, effective July 28, 2025. This appointment comes amid significant leadership changes, including CEO Eric W. Thornburg's retirement on June 30th.
Mattern joins from UGI International, where she served as VP and CFO, managing a $2.3 billion operation across 16 countries. Her achievements include driving 15%+ EBIT growth and generating $1 million in annual banking savings. The appointment coincides with Andrew F. Walters becoming CEO and Ann P. Kelly transitioning to CFO on July 1, 2025.
H2O America (NASDAQ:HTO) has appointed CFO Andrew F. Walters to its Board of Directors, effective July 1, 2025, expanding the board to ten directors. Walters, who will also become the company's next CEO following Eric W. Thornburg's retirement on June 30, 2025, brings extensive experience in utilities and financial leadership. As CFO since January 2022, he played a crucial role in the company's $1.1 billion acquisition of Connecticut Water Service in 2019. Prior to H2O America, Walters held significant positions at J.P. Morgan Asset Management and Citigroup. Under his leadership, H2O America has evolved into a national network serving 1.6 million people across four states.
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