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H2O America (HTO) Q3 2026 earnings results (third quarter 2026)

10-Q filed Oct 26, 2026

H2O America (HTO) reported revenue of $250M for the third quarter 2026 (Q3 2026), +4% from a year earlier and +19% from the quarter before. Operating margin was 24.2%, net earnings $43.0M (17.2% of revenue).

Revenue$250M
Year over year+4%
Quarter over quarter+19%
Operating margin24.2%
Net earnings$43.0M

H2O America, Q3 2026: revenue $250M (+4% year over year), operating margin 24.2%, net earnings $43.0M, operating cash flow $80.2M. The chart follows the revenue to costs, profit and cash.

Q3 2026AmountQ/QY/Y
Revenue$250M+19%+4%
Operating profit$60.5M+41%-6%
Net earnings$43.0M+62%-5%
Operating cash flow$80.2M+32%+4%

What changed

Revenue was $250.2M in Q3 2026, up 4% year over year and up 19% from the previous quarter.

Operating profit was $60.5M, a 24.2% margin (down 2.7 points year over year). Operating profit fell $4.1M even though revenue rose $9.7M versus Q3 2025, so costs grew faster than sales. Total costs grew 8% against revenue growth of 4%. The fastest-growing cost line was General & admin (+13%). Net earnings were $43.0M, down 5% year over year. The effective tax rate was 10.8%.

Operating cash flow was $80.2M (up 4% year over year), 186% of net earnings. Non-cash charges added back $33.9M of depreciation and amortization and $1.8M of share-based compensation.

Questions

What was H2O America's revenue in the third quarter 2026?

H2O America (HTO) reported revenue of $250M for the third quarter 2026 (Q3 2026), +4% from a year earlier and +19% from the quarter before.

Was H2O America profitable in the third quarter 2026?

Operating profit was $60.5M (24.2% of revenue) and net earnings $43.0M.

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Source: H2O America 10-Q on SEC EDGAR.