H2O America reports Q2 adjusted EPS 75c vs. 66c last year

Reports Q2 revenue $198.3M, consensus $187.33M. “We are pleased with our Q2 results, which highlight the strength of our local water operations and the disciplined execution of our proven business strategy,” stated CEO Andrew Walters.” In Maine, we achieved a constructive outcome in our Camden Rockland general rate case and received authorization to introduce new affordability programs to our customers – key steps that reflect both regulatory process and our commitment to community needs. We also secured new or enhanced regulatory mechanisms in Connecticut and Texas to further reduce lag, while in California we received approval to recover our investment in the advanced metering infrastructure project. Across our national footprint, we invested $207.2M to maintain and improve our water supply and infrastructure, keeping us firmly on track to meet both our 2025 and five-year capital expenditure goals…From December 31, 2024 and June 30, 2025 the number of Quadvest’s active connections increased by 7% from 47,000 to 50,500, while the number of connections under contract and pending development grew 2% from 89,000 to 90,900.”