Filing Flows › H2O America (HTO) › Q2 2026
H2O America (HTO) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 28, 2026
H2O America (HTO) reported revenue of $210M for the second quarter 2026 (Q2 2026), +6% from a year earlier and +15% from the quarter before. Operating margin was 20.3%, net earnings $26.6M (12.6% of revenue).
H2O America, Q2 2026: revenue $210M (+6% year over year), operating margin 20.3%, net earnings $26.6M, operating cash flow $60.7M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $210M | +15% | +6% |
| Operating profit | $42.8M | +14% | -3% |
| Net earnings | $26.6M | +40% | +8% |
| Operating cash flow | $60.7M | +39% | -0.2% |
What changed
Revenue was $210.5M in Q2 2026, up 6% year over year and up 15% from the previous quarter.
Operating profit was $42.8M, a 20.3% margin (down 1.8 points year over year). Operating profit fell $1.1M even though revenue rose $12.2M versus Q2 2025, so costs grew faster than sales. Total costs grew 9% against revenue growth of 6%. The fastest-growing cost line was General & admin (+17%). Net earnings were $26.6M, up 8% year over year. The effective tax rate was 13.0%.
Operating cash flow was $60.7M (roughly flat year over year), 228% of net earnings. Non-cash charges added back $33.6M of depreciation and amortization and $1.7M of share-based compensation.
Questions
What was H2O America's revenue in the second quarter 2026?
H2O America (HTO) reported revenue of $210M for the second quarter 2026 (Q2 2026), +6% from a year earlier and +15% from the quarter before.
Was H2O America profitable in the second quarter 2026?
Operating profit was $42.8M (20.3% of revenue) and net earnings $26.6M.
Source: H2O America 10-Q on SEC EDGAR.