H2O America is an investor-owned network of local water and wastewater utilities serving communities in California, Connecticut, Maine and Texas. Through regional companies including San Jose Water, Connecticut Water, Maine Water and Texas Water, it operates regulated systems that produce, treat and distribute drinking water and manage wastewater for roughly 1.6 million people. The business model centers on long-lived infrastructure investment under state utility regulation.
| Quarter | Revenue | YoY % | Earnings | YoY % |
|---|---|---|---|---|
| Q4 2024 | 197.8 | — | 22.9 | — |
| Q1 2025 | 167.6 | — | 16.6 | — |
| Q2 2025 | 198.3 | — | 24.7 | — |
| Q4 2025 | 194.2 | -1.8% | 16.2 | -29.2% |
| Q1 2026 | 183.3 | 9.4% | 19 | 14.9% |
| Q2 2026 | 210.5 | 6.2% | 26.6 | 7.8% |
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