H2O America Q2 2026: Adjusted EPS of $0.72, Quadvest Approval Recommended, PFAS Settlements Received
HTO sits 47% above its 52-week low of $43.75.
Summary
H2O America reported Q2 2026 adjusted EPS of $0.72 on revenue of $210.5M. The Quadvest acquisition received a staff recommendation for approval from Texas regulators, and the company collected $11M in PFAS settlement proceeds.
Key Events · Earnings and Guidance · HTO
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Q2 2026 Adjusted EPS of $0.72
Adjusted diluted EPS came in at $0.72, down slightly from $0.75 in Q2 2025, excluding merger and acquisition costs. GAAP diluted EPS was $0.62, compared with $0.71 a year ago, reflecting a higher share count following the March 2026 equity offering.
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Revenue Growth of 6%
Operating revenue reached $210.5 million, driven by rate increases, customer growth, and higher water production cost pass-throughs.
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Quadvest Acquisition Advances
On July 9, 2026, PUCT Staff recommended approval of the $483.6 million Quadvest regulated business acquisition, a critical step toward closing the $540 million total transaction.
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PFAS Settlements Add $11 Million
The company received $11.0 million in cash from PFAS contamination litigation settlements during Q2 2026, with an additional $5.7 million expected over the next seven years.
Analysis · HTO · Energy & Transportation
A solid quarter for H2O America, with revenue climbing 6% and adjusted EPS reaching $0.72, supported by rate increases and customer growth. The Quadvest acquisition cleared a key regulatory hurdle when PUCT staff recommended approval, moving the $540M deal closer to closing. PFAS litigation settlements added $11M in cash, bolstering the balance sheet. The company maintained its dividend and has ample liquidity to fund its capital plan. While GAAP EPS declined due to a higher share count from the March equity offering, the underlying regulated utility business remains on track.
How filings like this one have moved
In the 30 days to Oct 3, 2026, 28.9% of the 1668 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.56%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, HTO was trading at $64.25 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $2.7B. The 52-week trading range was $43.75 to $67.09. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.