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H2O America (HTO)
NASDAQ:HTO
Earnings Data
Report Date
Apr 29, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.53Last Year’s EPS
0.49Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operational execution, record capital deployment, regulatory and legislative wins (including PFAS recovery mechanism in Connecticut), an upgraded long-term EPS growth target (6%–8%), and a transformative acquisition that materially expands growth prospects in Texas. These positives were tempered by near-term headwinds: elevated operating and water supply costs, higher PFAS remediation estimates, significant financing requirements (equity/debt) tied to Quadvest that create potential EPS dilution in 2026–2027, and tax/credit metrics that require careful balance. Overall, the company conveyed confidence in translating elevated CapEx and regulatory outcomes into longer-term earnings growth while acknowledging near-term dilution and cost pressures.Company Guidance
Solid 2025 EPS Performance
Reported full-year 2025 diluted EPS of $2.92 and adjusted (non-GAAP) diluted EPS of $2.99, up from $2.87 and $2.95 in 2024 respectively (adjusted EPS increased by $0.04 year-over-year), and near the top end of the upwardly narrowed 2025 guidance range.
Record Capital Deployment and Accelerated CapEx Plan
Invested $501 million in CapEx in 2025 (exceeding the $486 million revised budget), a 41% increase over 2024; refreshed 5-year (2026–2030) CapEx budget to $2.7 billion, a 31% increase over the prior 5-year budget.
Meaningful Rate Base Growth Outlook
Estimated consolidated rate base of nearly $2.8 billion at year-end 2025, expected to grow to $5.1 billion by year-end 2030 representing a 13% CAGR driven by organic CapEx and pending acquisitions.
Raised Long-Term EPS Growth Target
Increased long-term nonlinear EPS growth target to 6%–8% CAGR (anchor year: 2025 adjusted EPS $2.99) and expect to be at or above the top end of that range over 2026–2030 based on the updated plan and expected accretion from Quadvest beginning in 2028.
Transformative Quadvest Acquisition
Announced $540 million acquisition of Quadvest with a $483.6 million rate-making rate base (FMV). Quadvest system had over 54,400 active connections as of Dec 31, 2025 (16% connection growth in 2025); transaction expected to close mid-2026 and materially expand Texas exposure (Texas share of customers projected to grow from 8% to ~26% by 2029).
Strong Regulatory and Legislative Progress
Achieved multiple regulatory wins: Connecticut enacted the Water Quality and Treatment Adjustment (WQTA) for PFAS recovery (first-in-nation); California secured a 1-year deferral of cost-of-capital review through 2027; Texas passed legislation allowing future/hybrid test years and halving SIC review timelines (120 to 60 days); Maine approved consolidation of 10 districts and an affordability program.
Dividend and Liquidity Strength
Board increased the quarterly dividend by 4.8% (2026 annualized dividend $1.76 vs $1.68 in 2025), and the company maintains $370 million of bank lines of credit plus a $123 million gross equity raise via ATM in 2025 to support liquidity.
Operational Improvements and Customer Benefits
Advanced AMI rollout in California (≈53% of meters retrofitted by year-end 2025), enabling more than 46,000 leak alert notifications in H2 2025; active investments to increase water supply (e.g., KT wells in Texas) and distribution main replacements (targeting 1% annual pipe replacement).
Credit Profile and Funding Plan
Maintained FFO-to-debt ratio of 11.2% in 2025 (above the S&P downgrade threshold of 11%); expects 11%–12% through 2027 and >12% in 2028. Plans include $100–200M of debt and $350–450M of equity/equity-like financings associated with Quadvest financing while preserving A- access to capital.
HTO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HTO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 25, 2026 | $55.18 | $54.00 | -2.14% |
Oct 27, 2025 | $50.18 | $48.45 | -3.45% |
Jul 28, 2025 | $46.57 | $47.27 | +1.51% |
Apr 28, 2025 | $51.74 | $54.92 | +6.15% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does H2O America (HTO) report earnings?
H2O America (HTO) is schdueled to report earning on Apr 29, 2026, After Close (Confirmed).
What is H2O America (HTO) earnings time?
H2O America (HTO) earnings time is at Apr 29, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HTO EPS forecast?
HTO EPS forecast for the fiscal quarter 2026 (Q1) is 0.53.