Jun 2026 (Q2 FY26) — Jul 28, 2026
H2O America Q2 FY26 — Strong Performance, Strategic Acquisitions, and Regulatory Progress
Read the full callH2O America (HTO) earnings
- Mar 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
H2O America earnings: last reported Tue, 28 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 183 | +9.4% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | 20.4 | −1.0 pts YoY | Operating profit / revenue | Quarter to Mar 2026 | For the quarter; a change is in percentage points. |
| Net profit | 19.0 | +14.9% YoY | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. |
Price
$55.88 −3.14% · −$1.81
Performance +11.2% 1Y
1Y: $50.23 on 17 Oct 2025 → $55.88. High $65.43 (17 Jul 2026), low $44.44 (19 Nov 2025).
- Previous close
- $57.69
- 52-week range
- $44.44 – $65.43
- One year
- +9.35%
Overview
- Symbol
- HTO
- Sector
- Utilities
- Exchange
- US
- Currency
- USD
Call summaries
Every analysed call
H2O America earnings calls (HTO)
Financials
What the filings say
Net profit, year on year: +15% (quarter to mar 2026 against mar 2025).
| Line item | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 176 | 225 | 198 | 168 | 198 | 241 | 194 | 183 |
| Operating profit | 41 | 58 | 44 | 36 | 44 | 65 | 33 | 37 |
| Operating margin | 23.0% | 25.9% | 22.1% | 21.4% | 22.1% | 26.9% | 17.1% | 20.4% |
| Interest | 18 | 18 | — | — | — | — | — | — |
| Profit before tax | 24 | 41 | 24 | 20 | 29 | 51 | 15 | 22 |
| Tax rate | 15.3% | 4.8% | 4.5% | 17.3% | 15.9% | 11.4% | −10.8% | 15.1% |
| Net profit | 21 | 39 | 23 | 17 | 25 | 45 | 16 | 19 |
| EPS ($ per share) | 0.64 | 1.17 | — | 0.49 | 0.71 | 1.27 | — | 0.50 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | 394 | 383 | 408 | 428 | 458 | 495 | 537 | 581 |
| Total liabilities | 1,067 | 2,242 | 2,394 | 2,458 | 2,644 | 3,112 | 3,291 | 3,609 |
| Fixed assets | 44 | 44 | — | — | — | — | 1 | 2 |
| Total assets | 1,956 | 3,132 | 3,311 | 3,492 | 3,755 | 4,345 | 4,658 | 5,150 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 91 | 130 | 104 | 130 | 166 | 191 | 196 | 245 |
| Cash from investing | -147 | -1,018 | -214 | -260 | -244 | -322 | -340 | -520 |
| Cash from financing | 468 | 485 | 102 | 133 | 78 | 129 | 146 | 285 |
| Net cash flow | 413 | -403 | -9 | 3 | 0 | -3 | 1 | 10 |
| Capital expenditure | -0 | -0 | -0 | -1 | -1 | — | — | — |
| Free cash flow | 91 | 130 | 104 | 129 | 166 | — | — | — |
Insider filings
45 filings between Nov 13, 2025 and Jul 30, 2026.
Open market
decisions to buy or sellPurchases
$8.04M
5 purchases by 2 insiders
Sales
$284.1K
3 sales by 2 insiders
Compensation
not trading decisions- 19
- Award — granted as compensation
- 16
- Tax withheld — shares kept back by the company to cover tax
Also filed: 1 disposition to issuer, 1 gift.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| ATLAS Infrastructure Partners (UK) Ltd. | $5.06M | $184.9K | Jul 7, 2026 |
| GIP ATLAS Holdings Ltd | $2.98M | — | Apr 10, 2026 |
| Walters Andrew F | — | $99.2K | Nov 13, 2025 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Jul 30, 2026 | Mattern Megan CAO, PAO and Controller | Tax withheld | 1,154 | $71.5K |
| Jul 7, 2026 | ATLAS Infrastructure Partners (UK) Ltd. 10% owner | Purchase | 2,784 | $172.7K |
| Jul 1, 2026 | Walters Andrew F Chief Executive Officer | Disposition to issuer | 374 | $22.7K |
| Jul 1, 2026 | Kelly Ann P CFO and Treasurer | Tax withheld | 88 | $5.3K |
| Jul 1, 2026 | ATLAS Infrastructure Partners (UK) Ltd. 10% owner | Purchase | 2,132 | $129.5K |
| Jul 1, 2026 | ATLAS Infrastructure Partners (UK) Ltd. 10% owner | Sale | 1,686 | $102.4K |
| Jun 5, 2026 | Walters Andrew F Chief Executive Officer | Gift | 3,508 | $0 |
| May 29, 2026 | ATLAS Infrastructure Partners (UK) Ltd. 10% owner | Sale | 1,435 | $82.5K |
| May 29, 2026 | ATLAS Infrastructure Partners (UK) Ltd. 10% owner | Purchase | 31,001 | $1.79M |
| May 13, 2026 | HANLEY MARY ANN Director | Award | 1,947 | $0 |
| May 13, 2026 | KRUGER DENISE L Director | Award | 1,947 | $0 |
| May 13, 2026 | WALLACE CAROL P Director | Award | 1,947 | $0 |
| May 13, 2026 | Heather Hunt Director | Award | 1,947 | $0 |
| May 13, 2026 | Rowe Nick Orlando Director | Award | 1,947 | $0 |
| May 13, 2026 | KLEIN REBECCA A Director | Award | 1,947 | $0 |
| May 13, 2026 | More Daniel B. Director | Award | 1,947 | $0 |
| May 13, 2026 | Guardino Carl Director | Award | 1,947 | $0 |
| Apr 10, 2026 | GIP ATLAS Holdings Ltd 10% owner | Purchase | 50,385 | $2.98M |
| Apr 10, 2026 | ATLAS Infrastructure Partners (UK) Ltd. 10% owner | Purchase | 50,385 | $2.98M |
| Mar 1, 2026 | Rowe Nick Orlando Director | Award | 505 | $0 |
| Feb 27, 2026 | Johnson A Kristen Chief Administrative Officer | Award | 1,312 | $0 |
| Feb 27, 2026 | Walters Andrew F Chief Executive Officer | Award | 5,950 | $0 |
| Feb 27, 2026 | Walters Andrew F Chief Executive Officer | Award | 1,704 | $0 |
| Feb 27, 2026 | Walters Andrew F Chief Executive Officer | Tax withheld | 605 | $32.5K |
| Feb 27, 2026 | Kelly Ann P CFO and Treasurer | Award | 1,707 | $0 |
| Feb 27, 2026 | Hauk Bruce A President and COO | Award | 2,743 | $0 |
| Feb 27, 2026 | Hauk Bruce A President and COO | Award | 1,503 | $0 |
| Feb 27, 2026 | Hauk Bruce A President and COO | Tax withheld | 378 | $20.3K |
| Feb 27, 2026 | Johnson A Kristen Chief Administrative Officer | Award | 1,263 | $0 |
| Feb 27, 2026 | Johnson A Kristen Chief Administrative Officer | Tax withheld | 470 | $25.3K |
| Feb 27, 2026 | Mattern Megan CAO, PAO and Controller | Award | 2,166 | $0 |
| Feb 27, 2026 | Brown Willie D. Jr. VP & Gen Counsel | Award | 1,384 | $0 |
| Feb 27, 2026 | Brown Willie D. Jr. VP & Gen Counsel | Award | 1,263 | $0 |
| Feb 27, 2026 | Brown Willie D. Jr. VP & Gen Counsel | Tax withheld | 521 | $28.0K |
| Jan 3, 2026 | Walters Andrew F Chief Executive Officer | Tax withheld | 216 | $10.8K |
| Jan 3, 2026 | Johnson A Kristen Chief Administrative Officer | Tax withheld | 160 | $8.0K |
| Jan 3, 2026 | Hauk Bruce A President and COO | Tax withheld | 152 | $7.6K |
| Jan 3, 2026 | Brown Willie D. Jr. VP & Gen Counsel | Tax withheld | 178 | $8.9K |
| Jan 2, 2026 | Brown Willie D. Jr. VP & Gen Counsel | Tax withheld | 565 | $27.8K |
| Jan 2, 2026 | Hauk Bruce A President and COO | Tax withheld | 873 | $43.0K |
| Jan 2, 2026 | Johnson A Kristen Chief Administrative Officer | Tax withheld | 514 | $25.3K |
| Jan 2, 2026 | Walters Andrew F Chief Executive Officer | Tax withheld | 682 | $33.6K |
| Jan 2, 2026 | Kelly Ann P CFO and Treasurer | Tax withheld | 200 | $9.8K |
| Dec 1, 2025 | Kelly Ann P CFO and Treasurer | Tax withheld | 581 | $27.2K |
| Nov 13, 2025 | Walters Andrew F Chief Executive Officer | Sale | 2,100 | $99.2K |
| Aug 22, 2025 | Hauk Bruce A President and COO | Tax withheld | 116 | $5.9K |
| Jul 30, 2025 | Mattern Megan CAO, PAO and Controller | Award | 2,356 | $0 |
| Jul 30, 2025 | Mattern Megan CAO, PAO and Controller | Award | 10,263 | $0 |
| Jul 1, 2025 | Kelly Ann P CFO and Treasurer | Award | 952 | $0 |
| Jul 1, 2025 | Hauk Bruce A President and COO | Award | 2,076 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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