H2O America announced first quarter 2026 results with diluted EPS steady at $0.49 and adjusted EPS at $0.50, matching last year's quarter. The company reaffirmed its 2026 standalone adjusted EPS guidance of $3.08-3.18 and a long-term EPS growth target of 6-8% CAGR through 2030, including impacts from pending acquisitions Quadvest and Cibolo Valley. Operating revenue rose 9% to $183.3 million, driven by rate increases and higher customer usage, while operating expenses increased 11% due to higher water production costs and maintenance. The Quadvest acquisition is progressing with expected closing in the second half of 2026, aiming to significantly expand the Texas customer base. H2O America declared a quarterly dividend of $0.44 per share, continuing its long history of dividend growth. The company plans $483 million in 2026 capital expenditures to maintain and improve infrastructure, supporting its commitment to reliable water services and long-term financial growth.
