Filing Flows › H2O America (HTO) › Q1 2026
H2O America (HTO) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
H2O America (HTO) reported revenue of $183M for the first quarter 2026 (Q1 2026), +9% from a year earlier and -6% from the quarter before. Operating margin was 20.4%, net earnings $19.0M (10.4% of revenue).
H2O America, Q1 2026: revenue $183M (+9% year over year), operating margin 20.4%, net earnings $19.0M, operating cash flow $43.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $183M | -6% | +9% |
| Operating profit | $37.4M | +13% | +4% |
| Net earnings | $19.0M | +17% | +15% |
| Operating cash flow | $43.7M | -31% | +1% |
What changed
Revenue was $183.3M in Q1 2026, up 9% year over year and down 6% from the previous quarter.
Operating profit was $37.4M, a 20.4% margin (down 1.0 points year over year). Of the extra revenue versus Q1 2025, 10% reached operating profit, below the 21% margin then. Total costs grew 11% against revenue growth of 9%. The fastest-growing cost line was Other operating costs (+12%). Net earnings were $19.0M, up 15% year over year. The effective tax rate was 15.1%.
Operating cash flow was $43.7M (up 1% year over year), 230% of net earnings. Non-cash charges added back $33.8M of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items used $10.3M.
Questions
What was H2O America's revenue in the first quarter 2026?
H2O America (HTO) reported revenue of $183M for the first quarter 2026 (Q1 2026), +9% from a year earlier and -6% from the quarter before.
Was H2O America profitable in the first quarter 2026?
Operating profit was $37.4M (20.4% of revenue) and net earnings $19.0M.
Source: H2O America 10-Q on SEC EDGAR.