Welcome to our dedicated page for H2O America news (Ticker: HTO), a resource for investors and traders seeking the latest updates and insights on H2O America stock.
H2O America reports developments as a NASDAQ-listed, investor-owned network of local water and wastewater utilities. The company operates through regional utilities including Connecticut Water, Maine Water, San Jose Water, and Texas Water, with a single reportable segment providing water utility and utility-related services.
Recurring HTO news includes quarterly and annual financial results, capital-plan updates, infrastructure investment for water supply systems, dividend declarations, common stock offerings with forward-sale components, and board governance changes. Company updates also describe service-connection growth and the operating role of its local utility subsidiaries.
H2O America (Nasdaq: HTO), a major investor-owned water utility, has released its 2024 Corporate Sustainability Report, showcasing significant environmental and operational achievements. The company, operating across California, Connecticut, Maine, and Texas, reported a 43% reduction in GHG emissions from 2019 levels and increased solar generation by 73%.
Key accomplishments include $353 million in infrastructure investments, replacement of 46 miles of pipeline, and installation of over 20,000 smart meters. The company maintained perfect drinking water quality standards, achieved an 85.2% customer satisfaction rate, and established the Force for Good Foundation for community support. The board structure now features a majority-female composition with 8 of 10 independent members.
H2O America (NASDAQ: HTO) announced that its subsidiary, The Texas Water Company (TWC), will acquire the Cibolo Valley wastewater assets from South Central Water Company (SCW). The acquisition will add over 1,500 new wastewater connections to TWC's existing 1,200 connections, plus 250 connections under contract.
The transaction represents a significant expansion, more than doubling TWC's Texas wastewater connections and increasing H2O America's total connections by over 35%. The acquisition area aligns with TWC's existing water service territory, where they already provide billing services for SCW. The deal will utilize Texas Fair Market Value, with closing expected in Q4 2026.
H2O America (NASDAQ: HTO) reported strong Q2 2025 financial results, with reported diluted EPS of $0.71, up 11% year-over-year, and adjusted EPS of $0.75, a 14% increase. Revenue grew 13% to $198.3 million, driven by rate increases and higher customer usage.
The company announced a strategic acquisition of Quadvest's assets in the Houston region, positioning H2O America among the top 2% of fastest-growing counties in the U.S. Year-to-date infrastructure investment reached $207.2 million, on track for full-year capital expenditures of $473 million.
H2O America declared a quarterly dividend of $0.42 per share and reaffirmed its 2025 adjusted EPS guidance of $2.90-$3.00, expecting growth in the top half of its 5-7% long-term range through 2029.
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.