H2O America 3Q 2026: Revenue $250.2M, EPS $0.99— 10-Q Summary
H2O America reported 3Q 2026 revenue of $250.2M, up 4% YoY, but net income fell 4.6% to $43M and EPS declined 22% to $0.99. Revenue growth was driven by higher rates, offset by lower consumption. The company acquired Quadvest's assets for $542.7M and plans $440M in 2026 capital spending.
How this was made
The 30-second read
Why it matters
The earnings miss may trigger short‑term selling, but ongoing capital projects could support future upside.
Market read
Primary earnings release for a mid‑cap utility; relevant for sector traders and utility‑focused investors.
What to watch
Capital investment of $304.1M may position the company for future growth once consumption rebounds.
Background
H2O America filed its Q3 2026 10‑Q, showing modest revenue growth but a notable earnings decline.
Ticker impact
Q3 2026 revenue $250.2M, EPS $0.99, net income $43M reported in the 10‑Q filing.
downward pressure as investors price in the 22% EPS decline
The company posted a 22% drop in diluted EPS and a 4.6% decline in net income despite modest revenue growth, which typically triggers sell‑offs.
Market effects
Utility sector may see slight weakness as earnings miss highlights rate‑increase limits.
Limited to U.S. water utility investors; no broader regional effect.
Minimal global impact; primarily a domestic utility earnings update.
Counterpoint
If rate hikes continue, revenue could accelerate, making the stock a longer‑term buy despite short‑term miss.
Key entities
- companyH2O America
U.S. water utility listed on NYSE under ticker HTO.
