---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-027968"
form_type: "8-K"
ticker: "HTO"
cik: "0000766829"
company_name: "H2O AMERICA"
filed_at: "2026-04-28T23:59:59+00:00"
generated_at: "2026-05-15T03:28:18.632802+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# H2O America reports Q1 EPS of $0.49, revenue up 9% to $183.3M; reaffirms FY guidance

## Summary
- GAAP diluted EPS $0.49, adjusted diluted EPS $0.50, both flat YoY.
- Revenue $183.3M, up 9% YoY driven by rate increases of $11.8M.
- Net income $19.0M, up 15% from $16.6M.
- Reaffirmed 2026 standalone adjusted EPS guidance $3.08-3.18 and long-term EPS CAGR 6-8%.
- Quadvest acquisition ($540M) PUCT deemed application complete; closing expected H2 2026.

## SEC filing metadata
- accession: 0001628280-26-027968
- form_type: 8-K
- ticker: HTO
- cik: 0000766829
- company_name: H2O AMERICA
- filed_at: 2026-04-28T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/766829/000162828026027968/0001628280-26-027968-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/766829/000162828026027968/sjw-20260428.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-027968
- JSON: https://secwatch.observer/filing/0001628280-26-027968.json
- Plain text: https://secwatch.observer/filing/0001628280-26-027968.txt

## Key facts
- Earnings Releases
  H2O AMERICA reported first quarter ended March 31, 2026 results: revenue $183.3 million, net income $19.0 million, EPS $0.49. Guidance reaffirmed.
  - Period: first quarter ended March 31, 2026
  - Revenue: $183.3 million
  - Net income: $19.0 million
  - EPS: $0.49
  - Guidance: reaffirmed
  - Result: reported results
  source text: net income to adjusted net income for the quarter ended March 31, 2026 is included in the tables at the end of this news release. Operating revenue for the first quarter was $183.3 million, compared to $167.6 million for the same quarter last year, a 9% increase. The increase was driven primarily by rate increases of $11.8 million, primarily in California,
  evidence_url: https://www.sec.gov/Archives/edgar/data/766829/000162828026027968/0001628280-26-027968-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.