H2O America Announces 2025 Financial Results and Updated Five-Year Plan
Rhea-AI Summary
H2O America (NASDAQ: HTO) reported 2025 GAAP diluted EPS of $2.92 and adjusted diluted EPS of $2.99. The company raised its 2026–30 capex plan to $2.7B (≈31% increase) and set 2026 standalone adjusted EPS guidance of $3.08–3.18. Quadvest and Cibolo Valley acquisitions remain pending with an expected mid-2026 Quadvest close; Quadvest active connections grew 16% in 2025.
Board declared a quarterly cash dividend of $0.44 payable March 2, 2026. Management reaffirmed a long-term adjusted EPS CAGR target of 6–8%.
Positive
- Adjusted diluted EPS of $2.99 in 2025 (near top of guidance)
- Five-year capex plan increased to $2.7B (≈31% higher)
- Quadvest active connections +16% (7,400 net adds in 2025)
- Standalone 2026 adjusted EPS guidance of $3.08–3.18
Negative
- Pending Quadvest and Cibolo Valley acquisitions expected to be initially dilutive to EPS
- Estimated $400M for PFAS treatment increases near-term capital burden
- 2025 operating expenses rose 8%, pressured by higher water production and A&G costs
Key Figures
Market Reality Check
Peers on Argus
HTO dipped 0.65% while peers were mixed: ARIS +4.43%, CWCO +1.52%, vs. MSEX -0.58%, YORW -0.57%, ARTNA -0.68%. The mixed peer tape suggests today’s move is company-specific, not a broad water-utility rotation.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Oct 27 | Q3 2025 earnings | Positive | +0.8% | Solid Q3 EPS and revenue growth, narrowed full‑year guidance, continued Quadvest progress. |
| Jul 28 | Q2 2025 earnings | Positive | +1.5% | Double‑digit EPS and revenue growth, Quadvest acquisition announcement, strong capex and dividend. |
Recent earnings releases have been positive and saw modestly positive next-day moves, suggesting the stock has typically responded constructively to solid financial updates.
Recent history for HTO shows a consistent pattern of steady earnings growth and infrastructure investment. In Q2 2025, adjusted EPS rose 14% with revenue up 13% to $198.3M, and 2025 EPS guidance of $2.90–$3.00 was reaffirmed. By Q3 2025, GAAP and adjusted EPS reached $1.27, guidance narrowed to $2.95–$3.00, and long‑term growth of 5–7% through 2029 was reiterated. Today’s full‑year 2025 results and raised 6–8% long‑term EPS CAGR target build directly on that trajectory, while expanding the capital plan and Texas growth strategy.
Historical Comparison
Past 2 earnings releases moved the stock by an average of +1.13%. Today’s -0.65% move contrasts with that pattern despite another broadly positive financial update and raised long‑term targets.
Across Q2 and Q3 2025, HTO delivered rising EPS, reaffirmed 2025 guidance, and targeted 5–7% growth. The latest annual results extend that path, landing 2025 EPS near the top of guidance, expanding a $2.7B 2026–30 capex plan, and lifting the long‑term adjusted EPS CAGR target to 6–8% while incorporating the Quadvest and Cibolo Valley acquisitions.
Market Pulse Summary
This announcement details higher 2025 EPS, a revenue increase to $800.6M, and a larger $2.7B 2026–30 capital plan, while raising the long‑term adjusted EPS CAGR target to 6–8%. It also outlines sizable Quadvest and Cibolo Valley acquisitions and supportive legislative and regulatory changes across multiple states. Investors may focus on how quickly new rate mechanisms are implemented, the timing of Texas approvals, and whether future results track the new 2026 guidance range.
Key Terms
non-gaap financial
pfas medical
fair market values financial
rate base financial
general rate case regulatory
AI-generated analysis. Not financial advice.
- 2025 reported diluted EPS were
$2.92 versus$2.87 in 2024. On an adjusted (non-GAAP) basis, 2025 diluted EPS of$2.99 came in near the top of our upwardly narrowed$2.95 t o$3.00 1 guidance range, compared to$2.95 in 2024 - Establish a 2026-30 capital expenditures budget of
$2.7 billion , a31% increase over the prior five-year plan, to fund needed infrastructure replacement, PFAS remediation, additional water supplies, and investments in the Quadvest, L.P. system following the anticipated mid-2026 close - Initiate 2026 standalone adjusted diluted EPS guidance of
$3.08 -3.181 (excludes the impacts of the pending Quadvest acquisition and the financing thereof) - Increase long-term adjusted diluted EPS CAGR target to 6
-8% ; expect to deliver a non-linear CAGR at or above the top end of the 6-8% range over the 2026-30 period (includes the impacts of the pending Quadvest and Cibolo Valley acquisitions and the financing thereof) - Quadvest approval process underway; continue to anticipate a mid-2026 close; active Quadvest connections up
16% , or 7,400 connections, during 2025 - Declared a
$0.44 cash dividend per share of common stock in January 2026, a4.8% increase over the December 2025 dividend level
SAN JOSE, Calif., Feb. 25, 2026 (GLOBE NEWSWIRE) -- H2O America (NASDAQ: HTO) today reported financial results for 2025. Reported diluted EPS for 2025 were
“Our performance in 2025 reflects our team's continued focus on delivering sustainable growth and long-term value,” said chair and chief executive officer, Andrew F. Walters. “We built on an exceptionally strong 2024 and delivered 2025 adjusted diluted EPS at the top end of our guidance. We continued to work constructively with regulators and legislators in all four of our states to recover critical water infrastructure investments made, including securing approval for new or enhanced mechanisms in Connecticut, Maine and Texas that will help further reduce regulatory lag. We also made meaningful strategic progress by announcing and advancing the Quadvest and Cibolo Valley water and wastewater system acquisitions, which will significantly expand our presence in Texas."
Continued Walters, “The combination of elevated infrastructure investment needs across our systems for decades to come and the strategic benefits of our pending Texas acquisitions gives us increased confidence in our ability to provide safe, reliable and affordable service to our customers while delivering attractive, sustainable 6
Updated Five-Year Capital Expenditures Forecast
In 2025, H2O America invested
H2O America plans to invest
Transformative Texas Growth
Texas Water Company (TWC) and Texas Water Operation Services continue to progress through the regulatory process for their previously announced
In late December 2025, TWC received the appraised fair market values (FMV) from the three Public Utility Commission of Texas (PUCT)-appointed appraisers for the assets of Quadvest, L.P., a regulated investor-owned water and wastewater utility operating in the Houston metro area. In accordance with Texas' FMV statute, the purchase price of
Quadvest continues to achieve its anticipated customer growth. Total active connections grew
Also expanding our presence in Texas is TWC's August 26, 2025, agreement to acquire a portion of the assets of South Central Water Company, a privately owned wastewater company in Bulverde, Texas. Specifically, the Cibolo Valley wastewater treatment plant and associated collection systems to be acquired serve more than 1,500 wastewater connections within TWC's existing water service area. Like Quadvest, L.P., TWC plans to use the FMV approach for this acquisition and expects to file the STM application with the PUCT around April 2026.
Long-Term EPS Growth Rate Target Increased to 6
The company is introducing standalone 2026 adjusted diluted EPS guidance of
2026 guidance excludes the impacts of the pending Quadvest and Cibolo Valley acquisitions and the financing thereof, which are expected to be initially dilutive to EPS prior to our ability to implement new rates reflecting the ratemaking rate bases of the acquired assets resulting from a consolidated Texas general rate case that we expect to file in early 2027.
We are increasing our non-linear, long-term adjusted diluted EPS CAGR target to 6
Over the 2026-30 period, we expect to deliver a non-linear adjusted diluted EPS CAGR at or above the top end of the 6
Our guidance is subject to risks and uncertainties, including, without limitation, those factors outlined in the Forward-Looking Statements of this release and the Risk Factors section of the company’s annual and quarterly reports filed with the Securities and Exchange Commission.
2025 Operating Results
Net income prepared in accordance with GAAP for the year ended December 31, 2025 was
Non-GAAP adjusted net income for the year ended December 31, 2025 was
Operating revenue in 2025 was
Operating expenses in 2025 were
- An increase in water production expenses of
$19.1 million compared to last year primarily related to increased water pass-through costs (purchased water, groundwater extraction charges, etc.) and decreased availability of surface water, partially offset by decreased balancing and memorandum account cost recovery and lower customer usage; and - An increase in administrative and general expenses of
$20.2 million compared to last year, primarily attributable to funds received from the California Extended Water and Wastewater Arrearage Payment Program in the prior year, higher employee expenses, insurance, and consulting work.
The effective consolidated income tax rates for 2025 and 2024 were approximately
2025 Rate Activity and Regulatory Highlights
California
On November 10, 2025, San Jose Water Company (SJWC), along with three other California water utilities, filed a joint request for a third one-year deferment on the cost of capital filings which would otherwise be due on May 1, 2026. The request was conditioned on leaving the current Water Cost of Capital (WCCM) in place such that any adjustments will be made to the respective utilities' cost of capital during the one-year deferment based on the mechanism. The request was approved on November 18, 2025. As such, SJWC's CPUC-approved
SJWC received advice letter approval to increase the authorized revenue requirement by
Connecticut
On July 1, 2025, Governor Lamont signed the Water Quality and Treatment Adjustment (WQTA) into law. The WQTA is an infrastructure recovery mechanism established to recover the capital investment needed to treat per- and polyfluoroalkyl substances (PFAS) and other emerging contaminants. We expect the WQTA will be available to Connecticut Water Company (CWC) beginning in 2026, and it is expected that the approximately
CWC's initial WQTA application was submitted on January 22, 2026 to recover the costs associated with in-progress or completed WQTA eligible projects through a charge of
On September 24, 2025, the Connecticut Public Utilities Regulatory Authority approved, in its entirety, CWC's Water Infrastructure and Conservation Adjustment (WICA) filing which requested an increase of
On January 26, 2026, CWC submitted a new WICA filing requesting a
Maine
On January 13, 2026, the Maine Public Utilities Commission (MPUC) approved the stipulation reached between Maine Water Company (MWC) and the Office of Public Advocate in the rate unification proceeding. The stipulation enables the consolidation of MWC's 10 rate divisions into a single division on a revenue neutral basis. To limit effects on customers’ bills, a transition rate will take effect on February 1, 2026 and will adjust over time through future rate filings until the uniform target rate is achieved. The stipulation also approves a needs-based financial assistance rate program compliant with recent water affordability legislation that was passed in Maine.
On January 30, 2026, MWC filed a notice of intent to file a general rate case with the MPUC on or about March 31, 2026. The company expects to propose an increase in annual revenues of approximately
Texas
In 2025, two key pieces of water utility legislation were passed by the Texas State Legislature and signed by Governor Abbott that provide an opportunity to reduce regulatory lag. The first authorizes water utilities to adopt a future or hybrid test year in general rate cases; traditionally, Texas has been a historical test year jurisdiction for water utilities. The second reduces the timeline for processing of SIC applications from 120 days to 60 days.
On October 6, 2025, Texas Water filed an application with the PUCT to increase the system improvement charge (SIC) by
2026 Dividend Increase
On January 26, 2026, the Board of Directors of H2O America declared a quarterly cash dividend on common stock of
Dividends have been paid on H2O America’s and its predecessor’s common stock for more than 80 consecutive years, and the annual dividend amount has increased in each of the past 58 years, placing H2O America in an exclusive group of companies.
Financial Results Call Information
Andrew F. Walters, chief executive officer, Ann P. Kelly, chief financial officer and treasurer, and Bruce A. Hauk, president and chief operating officer, will review financial results for 2025 along with our 2026 guidance and long-term EPS growth rate target in a live webcast presentation at 7 a.m. Pacific Daylight Time, or 10 a.m. Eastern Daylight Time, on Thursday, February 26, 2026.
Interested parties may access the webcast and related presentation materials at the website www.h2o-america.com. An archive of the webcast will be available until May 26, 2026.
Non-GAAP Financial Measures
H2O America's net income and diluted EPS are prepared in accordance with GAAP and represent the earnings as reported to the Securities and Exchange Commission. Adjusted net income and Adjusted diluted EPS are non-GAAP financial measures representing GAAP earnings adjusted to exclude the effects of non-utility real estate transactions and costs associated with mergers and acquisition activities, if any. These non-GAAP financial measures are provided as additional information for investors to evaluate the performance of H2O America's business activities excluding these items. Management also believes these non-GAAP financial measures help investors and analysts better understand our actual results compared to our guidance on a non-GAAP basis. H2O America uses adjusted net income and/or adjusted diluted EPS as the primary performance measurements when communicating with analysts and investors regarding our outlook and results. Adjusted net income and Adjusted diluted EPS are also used internally to measure performance. However, these non-GAAP financial measures may be different from non-GAAP financial measures used by other companies, even when the same or similarly titled terms are used to identify such measures, limiting their usefulness for comparative purposes. Further, these non-GAAP financial measures should be considered as a supplement to the financial information prepared on a GAAP basis rather than an alternative to the respective GAAP financial measures.
About H2O America
H2O America is among the largest investor-owned pure-play water and wastewater utilities in the United States, providing life-sustaining and high-quality water service to over 1.6 million people. H2O America’s locally led and operated water utilities - San Jose Water Company in California, The Connecticut Water Company in Connecticut, The Maine Water Company in Maine, and SJWTX, Inc. (dba The Texas Water Company) in Texas - possess the financial strength, operational expertise, and technological innovation to safeguard the environment, deliver outstanding service to customers, and provide opportunities to employees. H2O America remains focused on investing in its operations, remaining actively engaged in its local communities, and delivering continued sustainable value to its stockholders. For more information about H2O America, please visit www.h2o-america.com.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the federal securities laws relating to future events and future results of H2O America and its subsidiaries that are based on current expectations, estimates, forecasts, and projections about H2O America and its subsidiaries and the industries in which H2O America and its subsidiaries operate and the beliefs and assumptions of the management of H2O America. Some of these forward-looking statements can be identified by the use of forward-looking words such as “believes,” “expects,” “estimates,” “anticipates,” “intends,” “seeks,” “plans,” “projects,” “may,” “should,” “will,” “approximately,” “strategy,” or the negative of those words or other comparable terminology. These forward-looking statements are only predictions and are subject to risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements.
The accuracy of such statements is subject to a number of risks, uncertainties and assumptions including, but not limited to, the following factors: (1) the risks associated with the proposed Quadvest and Cibolo Valley transactions, including, the risk of the proposed transactions not closing on the anticipated timeline, or at all, the ability to obtain required regulatory approvals, and the ability to successfully integrate Quadvest’s and Cibolo Valley's operations and realize the projected financial and other benefits of the proposed transactions; (2) the effect of water, utility, environmental and other governmental policies and regulations, including regulatory actions concerning rates, authorized return on equity, authorized capital structures, capital expenditures, PFAS and other decisions; (3) changes in demand for water and other services; (4) unanticipated weather conditions and changes in seasonality including those affecting water supply and customer usage; (5) the effect of the impact of climate change; (6) unexpected costs, charges or expenses; (7) our ability to successfully evaluate investments in new business and growth initiatives; (8) contamination of our water supplies and damage or failure of our water equipment and infrastructure; (9) the risk of work stoppages, strikes and other labor-related actions; (10) catastrophic events such as fires, earthquakes, explosions, floods, ice storms, tornadoes, hurricanes, terrorist acts, physical attacks, cyber-attacks, epidemic, or similar occurrences; (11) changes in general economic, political, legislative, business and financial market conditions; and (12) the ability to obtain financing on favorable terms, or at all (including the financing for the proposed transactions with Quadvest in a timely manner), which can be affected by various factors, including credit ratings, changes in interest rates, compliance with regulatory requirements, compliance with the terms and conditions of our outstanding indebtedness, and general market and economic conditions. The risks, uncertainties and other factors may cause the actual results, performance or achievements of H2O America to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
Results for a quarter are not indicative of results for a full year due to seasonality and other factors. In addition, actual results, performance or achievements are subject to other risks and uncertainties that relate more broadly to our overall business, including those more fully described in our filings with the SEC, including our most recent reports on Form 10-K, Form 10-Q and Form 8-K. Forward-looking statements are not guarantees of future performance, and speak only as of the date made, and H2O America undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law.
H2O America Contacts:
Ann P. Kelly
Chief Financial Officer and Treasurer
408.385.4752
Ann.Kelly@H2O-America.com
Jonathan Reeder
Senior Director of Treasury and Investor Relations
475.414.1034
Jonathan.Reeder@H2O-America.com
______________________________
| 1 | Adjusted net income and adjusted diluted EPS are non-GAAP financial measures as defined below. See the tables below for reconciliations to the most comparable GAAP measures. Information reconciling adjusted diluted EPS guidance to the comparable GAAP financial measure is unavailable to the company without unreasonable effort, as discussed below. |
| 2 | Includes both utility plant additions and capitalizable costs associated with cloud-computing arrangements. |
| H2O America Condensed Consolidated Statements of Income (Unaudited) (in thousands, except share and per share data) | |||||||||||||
| Three months ended December 31, | Year ended December 31, | ||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||
| Operating revenue | $ | 194,186 | 197,820 | $ | 800,590 | 748,439 | |||||||
| Operating expense: | |||||||||||||
| Production Expenses: | |||||||||||||
| Purchased water | 24,806 | 39,937 | 126,343 | 158,568 | |||||||||
| Power | 6,260 | 2,897 | 21,769 | 11,457 | |||||||||
| Groundwater extraction charges | 27,823 | 18,387 | 112,076 | 73,146 | |||||||||
| Other production expenses | 14,116 | 12,831 | 50,973 | 48,851 | |||||||||
| Total production expenses | 73,005 | 74,052 | 311,161 | 292,022 | |||||||||
| Administrative and general | 38,137 | 33,866 | 125,998 | 105,830 | |||||||||
| Maintenance | 9,910 | 8,221 | 32,895 | 31,301 | |||||||||
| Property taxes and other non-income taxes | 10,469 | 9,318 | 37,686 | 35,928 | |||||||||
| Depreciation and amortization | 29,526 | 28,696 | 115,323 | 112,855 | |||||||||
| Total operating expense | 161,047 | 154,153 | 623,063 | 577,936 | |||||||||
| Operating income | 33,139 | 43,667 | 177,527 | 170,503 | |||||||||
| Other (expense) income: | |||||||||||||
| Interest on long-term debt and other interest expense | (18,283 | ) | (17,996 | ) | (72,575 | ) | (71,390 | ) | |||||
| Pension non-service credit | 1,626 | 940 | 6,436 | 3,769 | |||||||||
| Other, net | (1,839 | ) | (2,604 | ) | 3,545 | 55 | |||||||
| Income before income taxes | 14,643 | 24,007 | 114,933 | 102,937 | |||||||||
| Provision for income taxes | (1,577 | ) | 1,087 | 12,355 | 8,970 | ||||||||
| Net income | 16,220 | 22,920 | 102,578 | 93,967 | |||||||||
| Other comprehensive loss, net | (493 | ) | 611 | (493 | ) | 169 | |||||||
| Comprehensive income | $ | 15,727 | 23,531 | $ | 102,085 | 94,136 | |||||||
| Earnings per share | |||||||||||||
| —Basic | $ | 0.45 | 0.69 | $ | 2.93 | 2.87 | |||||||
| —Diluted | $ | 0.45 | 0.68 | $ | 2.92 | 2.87 | |||||||
| Dividends per share | $ | 0.42 | 0.40 | $ | 1.68 | 1.60 | |||||||
| Weighted average shares outstanding | |||||||||||||
| —Basic | 35,880,807 | 33,423,902 | 35,002,252 | 32,701,292 | |||||||||
| —Diluted | 36,008,175 | 33,520,161 | 35,102,487 | 32,779,573 | |||||||||
| H2O America Condensed Consolidated Balance Sheets (Unaudited) (in thousands, except share and per share data) | ||||
| December 31, 2025 | December 31, 2024 | |||
| Assets | ||||
| Utility plant: | ||||
| Land | $ | 44,600 | 44,657 | |
| Depreciable plant and equipment | 4,688,644 | 4,249,314 | ||
| Construction work in progress | 269,272 | 179,486 | ||
| Intangible assets | 51,683 | 51,604 | ||
| Total utility plant | 5,054,199 | 4,525,061 | ||
| Less: accumulated depreciation and amortization | 1,120,232 | 1,036,450 | ||
| Net utility plant | 3,933,967 | 3,488,611 | ||
| Nonutility properties | 1,683 | 1,314 | ||
| Less: accumulated depreciation | 103 | 98 | ||
| Net nonutility properties | 1,580 | 1,216 | ||
| Current assets: | ||||
| Cash and cash equivalents | 20,686 | 11,114 | ||
| Accounts receivable: | ||||
| Customers, net of allowances for credit losses of | 62,471 | 68,679 | ||
| Income tax | 2,720 | 5,953 | ||
| Other | 7,710 | 7,059 | ||
| Accrued unbilled revenue | 68,971 | 60,847 | ||
| Prepaid expenses | 11,634 | 10,297 | ||
| Current regulatory assets | 8,315 | 18,172 | ||
| Other current assets | 8,086 | 8,593 | ||
| Total current assets | 190,593 | 190,714 | ||
| Other assets: | ||||
| Regulatory assets, less current portion | 246,547 | 224,055 | ||
| Investments | 19,711 | 18,087 | ||
| Postretirement benefit plans | 80,967 | 66,422 | ||
| Goodwill | 640,311 | 640,311 | ||
| Other | 35,890 | 28,893 | ||
| Total other assets | 1,023,426 | 977,768 | ||
| Total assets | $ | 5,149,566 | 4,658,309 | |
| H2O America Condensed Consolidated Balance Sheets (Unaudited) (in thousands, except share and per share data) | ||||
| December 31, 2025 | December 31, 2024 | |||
| Capitalization and liabilities | ||||
| Capitalization: | ||||
| Stockholders’ equity: | ||||
| Common stock, | $ | 36 | 34 | |
| Additional paid-in capital | 958,188 | 827,796 | ||
| Retained earnings | 581,080 | 537,184 | ||
| Accumulated other comprehensive income | 1,467 | 1,960 | ||
| Total stockholders’ equity | 1,540,771 | 1,366,974 | ||
| Long-term debt, less current portion | 1,866,819 | 1,706,904 | ||
| Total capitalization | 3,407,590 | 3,073,878 | ||
| Current liabilities: | ||||
| Lines of credit | 86,834 | 119,124 | ||
| Current portion of long-term debt | 23,504 | 3,648 | ||
| Accrued groundwater extraction charges, purchased water and power | 29,321 | 25,118 | ||
| Accounts payable | 75,427 | 56,256 | ||
| Accrued interest | 18,241 | 17,476 | ||
| Accrued payroll | 19,109 | 15,193 | ||
| Current regulatory liabilities | — | 1,122 | ||
| Other current liabilities | 20,942 | 23,236 | ||
| Total current liabilities | 273,378 | 261,173 | ||
| Deferred income taxes | 307,893 | 276,043 | ||
| Advances for construction | 201,413 | 155,397 | ||
| Contributions in aid of construction | 342,697 | 340,738 | ||
| Postretirement benefit plans | 45,878 | 45,063 | ||
| Regulatory liabilities, less current portion | 546,797 | 483,719 | ||
| Other noncurrent liabilities | 23,920 | 22,298 | ||
| Commitments and contingencies | ||||
| Total capitalization and liabilities | $ | 5,149,566 | 4,658,309 | |
| H2O America Reconciliation of Non-GAAP Financial Measures (Unaudited) (in thousands, except per share data) | |||||||||||||
| Three months ended December 31, | Year ended December 31, | ||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||
| Reported GAAP Net Income | $ | 16,220 | 22,920 | $ | 102,578 | 93,967 | |||||||
| Adjustments: | |||||||||||||
| (Gain)/loss on sale of real estate investments1 | — | (397 | ) | (273 | ) | 572 | |||||||
| Expense for merger and acquisition activities2 | 416 | 3,032 | 3,464 | 3,393 | |||||||||
| Tax effect of above adjustments3 | (116 | ) | (737 | ) | (882 | ) | (1,148 | ) | |||||
| Adjusted Net Income (non-GAAP) | $ | 16,520 | 24,818 | $ | 104,887 | 96,784 | |||||||
| Reported GAAP Diluted Earnings Per Share | $ | 0.45 | 0.68 | $ | 2.92 | 2.87 | |||||||
| Adjustments: | |||||||||||||
| (Gain)/loss on sale of real estate investments, net of tax | — | (0.01 | ) | (0.01 | ) | 0.01 | |||||||
| Expense for merger and acquisition activities, net of tax | 0.01 | 0.07 | 0.08 | 0.07 | |||||||||
| Adjusted Diluted Earnings Per Share (non-GAAP) | $ | 0.46 | 0.74 | $ | 2.99 | 2.95 | |||||||
| 1 | Included in the "Other, net" line on the condensed consolidated statements of comprehensive income. |
| 2 | Included in the "Administrative and general" line on the condensed consolidated statements of income. |
| 3 | The tax effect on all adjustments is calculated at the applicable statutory rate. |
FAQ
What were H2O America (HTO) reported and adjusted diluted EPS for 2025?
How much is H2O America's updated 2026–30 capital expenditures plan for HTO?
When does H2O America expect the Quadvest (HTO) acquisition to close and what is its scale?
What is H2O America's standalone 2026 adjusted EPS guidance (HTO) excluding acquisitions?
How did H2O America's 2025 revenues and net income for HTO change year-over-year?
Did H2O America (HTO) change its dividend for 2026 and when is the payment?
