H2O America (HTO)
NASDAQUtilitiesRegulated WaterSnapshot 2026-11-05
$62.63-0.03%
Close 2026-11-05 · 1-day change
NASDAQUtilitiesRegulated WaterSnapshot 2026-11-05
QuarterlyIQ Insights · HTO
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within utilities on a research-validated quality screen. As of 2026-11-05.
The screen ranks HTO against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 4 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 3 of the last 3 quarter-over-quarter moves. Historically, Utilities names rated strong grew net income 68% of the time over the next year (vs 62% for the rest of the cohort, n=1127).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
For both GAAP and adjusted results, while our net income was down modestly during the 2026 period, there was a more profound impact on EPS from the higher share count as a result of leveraging our at…
Stated in 3 of 4 supplied quarters. Management reported: “For both GAAP and adjusted results, while our net income was down modestly during the 2026 period, there was a more profound impact on EPS from the higher share count as a result of leveraging our at-the-market (ATM) program throughout 2025 and our common stock issuance in early March of 2026.” “A full reconciliation of GAAP net income to adjusted net income for the quarter ended September 30, 2026 is included in the tables at the end of this news release.”
“For both GAAP and adjusted results, while our net income was down modestly during the 2026 period, there was a more profound impact on EPS from the higher share count as a result of leveraging our at…”
“A full reconciliation of GAAP net income to adjusted net income for the quarter ended June 30, 2026 is included in the tables at the end of this news release.”
“A full reconciliation of GAAP net income to adjusted net income for the quarter ended March 31, 2026 is included in the tables at the end of this news release.”
Operating revenue for the third quarter was $250.2 million, compared to $240.6 million for the same quarter last year, a 4% increase.
Stated in 3 of 4 supplied quarters. Management reported: “Operating revenue for the third quarter was $250.2 million, compared to $240.6 million for the same quarter last year, a 4% increase.” “The increase was driven primarily by rate increases of $16.2 million, nearly half of which relates to higher pass-through water costs, across all of our states but primarily in California and Connecticut.”
This was partially offset by lower customer consumption of $4.1 million and a decrease of $2.6 million due to regulatory mechanism adjustments.
Stated in 3 of 4 supplied quarters. Management reported: “This was partially offset by lower customer consumption of $4.1 million and a decrease of $2.6 million due to regulatory mechanism adjustments.” “Operating expenses for the third quarter were $189.7 million, up 8% compared to $175.9 million for the same quarter last year.”
“This was partially offset by lower customer consumption of $4.1 million and a decrease of $2.6 million due to regulatory mechanism adjustments.”
This change in operating expenses primarily reflects: 1 • An increase in water production expenses of $5.0 million compared to the same quarter last year primarily attributable to increases in averag…
Stated in 3 of 4 supplied quarters. Management reported: “This change in operating expenses primarily reflects: 1 • An increase in water production expenses of $5.0 million compared to the same quarter last year primarily attributable to increases in average per unit costs for purchased water and groundwater extraction, partially offset by lower usage.” “• An increase in depreciation and amortization expense of $3.7 million associated with utility plant additions placed in service compared to the same quarter last year.”
Integrate the completed Quadvest acquisition and grow the Texas customer base through its active connections and development pipeline.
Over the trailing year it converted 2.56x of net income into operating cash flow. Historically, Utilities names rated robust grew net income 71% of the time over the next year (vs 62% for the rest of the cohort, n=929).
Most sensitive to long-term interest rates.
Not enough signal to read sensitivity to the US dollar, the broad stock market, real (inflation-adjusted) rates, Fed net liquidity (low R² over the window).
17 material management or governance events in the past 24 months, led by executive changes. Historically, Utilities names rated volatile grew net income 62% of the time over the next year (vs 66% for the rest of the cohort, n=1048).
Not investment advice. As of 2026-11-05.
“Operating revenue for the third quarter was $250.2 million, compared to $240.6 million for the same quarter last year, a 4% increase.”
“The increase was driven primarily by rate increases of $14.5 million across all of our states but primarily in California and Connecticut.”
“The increase was driven primarily by rate increases of $11.8 million, primarily in California, Connecticut, and Texas as well as higher customer usage of $2.0 million.”
“Operating expenses for the second quarter were $167.7 million, up 9% compared to $154.4 million for the same quarter last year.”
“This change in operating expenses primarily reflects: • An increase in water production expenses of $7.5 million compared to the same quarter last year primarily attributable to increases in average…”
“This change in operating expenses primarily reflects: 1 • An increase in water production expenses of $5.0 million compared to the same quarter last year primarily attributable to increases in averag…”
“• An increase in depreciation and amortization expense of $3.4 million associated with utility plant additions placed in service compared to the same quarter last year.”
“The lower effective tax rate for the three months ended March 31, 2026 was primarily due to higher flow through tax benefits.”