HTO News & Events

H2O America plans to invest $483M in capital in 2026 and a total of $2.7B through 2030 to build and maintain its water and wastewater operations, subject to regulatory approvals and availability of funding. "The combination of elevated infrastructure investment needs across our systems for decades to come and the strategic benefits of our pending Texas acquisitions gives us increased confidence in our ability to provide safe, reliable and affordable service to our customers while delivering attractive, sustainable 6-8% long-term EPS growth to shareholders," said Andrew Walters, chair and CEO. The new five-year plan represents an approximate 31% increase compared to the 2025-2029 budget and is driven by increased pipeline replacement work as the company progresses towards its goal of replacing 1% of its distribution pipe annually, an updated estimate of approximately $400M to install treatment for per- and polyfluoroalkyl substances, and investments in the Quadvest system following the anticipated mid-2026 close.

The 2026 standalone guidance excludes the impacts of the pending Quadvest and Cibolo Valley acquisitions and the financing thereof. The company increased its long-term adjusted diluted EPS CAGR target to 6%-8% and plans to invest $483M in capital in 2026

Reports Q4 revenue $194.19M vs. $197.82M last year. Full-year operating revenue increased 7% to $800.6M, driven primarily by rate increases of $67.4M in California, Connecticut, and Texas, as well as revenues from new customers. "Our performance in 2025 reflects our team's continued focus on delivering sustainable growth and long-term value," said CEO Andrew Walters.