H2O America filings document the reporting obligations of an operating water and wastewater utility holding company. The company’s Form 8-K disclosures cover operating and financial results, material agreements, capital-structure actions, forward sale agreements tied to common stock offerings, and amendments to credit arrangements involving H2O America and its utility subsidiaries.
Proxy materials describe board composition, director elections, executive compensation, shareholder voting matters, and governance practices. The filing record also documents leadership and board-transition disclosures, financing terms, exhibit filings, and risk or capital-allocation disclosures connected to the company’s water utility and utility-related services business.
H2O America reported higher results for the quarter ended March 31, 2026, with operating revenue of $183.3 million and net income of $19.0 million, up from $167.6 million and $16.6 million a year earlier. Basic earnings per share rose slightly to $0.50, while diluted EPS held at $0.49.
Operating expenses increased to $145.9 million, driven by higher production, depreciation and administrative costs, but operating income still improved to $37.4 million. Cash flow from operations was steady at $43.7 million, funding part of $92.9 million of utility capital spending.
The company significantly strengthened liquidity by raising net proceeds of $290.2 million from a March 2026 common stock offering and putting in place forward purchase agreements for 7.5 million additional shares. It continues to advance the planned Quadvest acquisitions totaling $540.0 million, which would expand its Texas footprint, and expects about $2.57 billion in utility capital expenditures plus substantial PFAS treatment investments over the next five years.
H2O America reported first quarter 2026 results with GAAP diluted EPS of $0.49 and adjusted diluted EPS of $0.50, both unchanged from a year earlier. Net income rose 15% to $19.0 million, while adjusted net income grew 16% to $19.4 million as rate increases and higher usage lifted revenue.
Operating revenue increased 9% to $183.3 million, driven mainly by $11.8 million of rate increases and $2.0 million of higher customer usage, partly offset by higher production and operating costs. The company reaffirmed 2026 standalone adjusted EPS guidance of $3.08–$3.18 and its 6–8% long-term adjusted EPS CAGR target.
H2O America continues to plan $483 million of 2026 capital spending and $2.7 billion over 2026–2030, and has invested $85.3 million year-to-date. It is progressing regulatory approvals for the $540 million Quadvest acquisition and related Texas growth. The board declared a $0.44 quarterly dividend, implying 2026 annualized dividends of $1.76 per share.
BlackRock, Inc. amended a Schedule 13G/A to report beneficial ownership of common stock of H2O AMERICA. The filing states BlackRock beneficially owns 6,031,203 shares, representing 14.4% of the class. The filing shows sole voting power of 5,956,832 and sole dispositive power of 6,031,203. The amendment is signed by Spencer Fleming on 04/27/2026. The filing notes that iShares Core S&P Small-Cap ETF holds an interest over 5% in H2O AMERICA.
GIP ATLAS Holdings Ltd, a ten percent owner of H2O AMERICA, made an open-market purchase of 50,385 shares of Common Stock at $59.0636 per share. After this transaction, GIP ATLAS Holdings Ltd directly holds 4,582,469 shares of H2O AMERICA Common Stock.
H2O AMERICA disclosed an initial statement of beneficial ownership on Form 3 for GIP ATLAS Holdings Ltd, identified as a ten percent owner of the company.
The filing reports that GIP ATLAS Holdings Ltd directly holds 4,523,084 shares of H2O AMERICA common stock, with no specific buy or sell transactions indicated.
ATLAS Infrastructure Partners (UK) Ltd., a ten percent owner of H2O AMERICA, reported an open-market purchase of 50,385 shares of common stock at an average price of $59.0636 per share. Following this transaction, ATLAS holds 4,582,469 common shares directly.
ATLAS Infrastructure Partners (UK) Ltd. filed an initial ownership report on H2O AMERICA. The filing shows direct ownership of 4,532,084 shares of H2O AMERICA common stock, identifying ATLAS as a ten percent owner. This Form 3 records holdings rather than any recent share purchases or sales.
H2O America amendment reports that ATLAS Infrastructure Partners (UK) Ltd. (with GIP Atlas Holdings Limited as its sole owner) beneficially owns 4,532,084 shares of Common Stock, representing 10.83% of the class. The filing discloses shared voting and dispositive power over the 4,532,084 shares. The amendment is signed by Clinton Joyner, Partner and COO, dated 04/08/2026.
H2O America is asking stockholders to elect nine directors, approve executive pay on an advisory basis, and ratify Deloitte & Touche LLP as auditor for 2026 at its May 13, 2026 annual meeting in Biddeford, Maine.
The proxy highlights a refreshed board, with CEO Andrew F. Walters now also serving as Chair and Heather Hunt becoming Lead Independent Director. The board is majority independent and operates through fully independent audit, compensation, and nominating committees.
For 2025, H2O America reports $801 million in operating revenue, $105 million in adjusted net income, adjusted diluted EPS of $2.99, and record capital investments of $501 million, supporting 11.3% net utility plant growth and an 80+ year dividend history with 58 consecutive annual increases.