v3.26.1
Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting
 
For the three months ended June 30, 2026
Reportable Segment
 Water Utility ServicesOther Services (1)
Unallocated Corporate (2)
Consolidated
(In thousands)
Operating revenue$206,715 3,759 — 210,474 
Less:
Production expenses83,981 1,500 — 85,481 
Administrative and general27,396 201 6,029 33,626 
Maintenance6,740 715 — 7,455 
Property taxes and other non-income taxes9,055 35 (66)9,024 
Depreciation and amortization31,872 30 232 32,134 
Interest on long-term debt and other interest expense13,496 69 4,387 17,952 
Provision (benefit) for income taxes5,971 370 (2,363)3,978 
Other (3)(4,457)(58)(1,250)(5,765)
Net income (loss)$32,661 897 (6,969)26,589 
Capital expenditures$121,936 — — 121,936 
 
For the three months ended June 30, 2025
Reportable Segment
 Water Utility ServicesOther Services (1)
Unallocated Corporate (2)
Consolidated
(In thousands)
Operating revenue$194,674 3,581 — 198,255 
Less:
Production expenses79,324 1,545 — 80,869 
Administrative and general24,967 252 3,576 28,795 
Maintenance6,745 725 — 7,470 
Property taxes and other non-income taxes8,506 9 (9)8,506 
Depreciation and amortization28,485 34 231 28,750 
Interest on long-term debt and other interest expense12,719 — 5,403 18,122 
Provision (benefit) for income taxes6,706 283 (2,319)4,670 
Other (3)(1,748)(38)(1,816)(3,602)
Net income (loss)$28,970 771 (5,066)24,675 
Capital expenditures$132,058 — — 132,058 
 
For the six months ended June 30, 2026
Reportable Segment
 Water Utility ServicesOther Services (1)
Unallocated Corporate (2)
Consolidated
(In thousands)
Operating revenue$386,104 7,663 — 393,767 
Less:
Production expenses149,407 2,498 — 151,905 
Administrative and general55,657 418 7,358 63,433 
Maintenance13,619 2,212 — 15,831 
Property taxes and other non-income taxes17,961 78 (61)17,978 
Depreciation and amortization63,916 60 464 64,440 
Interest on long-term debt and other interest expense27,997 69 8,724 36,790 
Provision (benefit) for income taxes11,871 731 (5,231)7,371 
Other (3)(8,022)(151)(1,410)(9,583)
Net income (loss)$53,698 1,748 (9,844)45,602 
Capital expenditures$214,444 00214,444 
 
For the six months ended June 30, 2025
Reportable Segment
 Water Utility ServicesOther Services (1)
Unallocated Corporate (2)
Consolidated
(In thousands)
Operating revenue$359,830 6,024 — 365,854 
Less:
Production expenses137,309 2,527 — 139,836 
Administrative and general51,718 812 4,025 56,555 
Maintenance13,748 1,221 — 14,969 
Property taxes and other non-income taxes17,715 (50)36 17,701 
Depreciation and amortization56,517 61 454 57,032 
Interest on long-term debt and other interest expense25,758 — 10,636 36,394 
Provision (benefit) for income taxes12,012 509 (4,380)8,141 
Other (3)(2,870)(137)(2,993)(6,000)
Net income (loss)$47,923 1,081 (7,778)41,226 
Capital expenditures$216,403 — — 216,403 
______________________________
(1)    The “Other Services” category includes the accounts of H2O America Land Company, Chester Realty, Inc., SJWC’s Cupertino service concession arrangement operations, TWOS, TWR, and NEWUS, on a stand-alone basis.
(2)    The “Unallocated Corporate” category includes the accounts of H2O America, H2O America NE LLC, H2O America TX Holdings, Inc., CTWS, NWU on a stand-alone basis.
(3)    Primarily comprised of pension non-service credit (cost) and items of miscellaneous non-operating income (expense).
H2O America’s assets for the Water Utility Services reportable segment and all other are as follows as of:
June 30, 2026December 31, 2025
(In thousands)
Water Utility Services (reportable segment)$5,270,343 5,054,235 
Other Services22,953 26,707 
Unallocated Corporate143,968 68,624 
Total assets$5,437,264 5,149,566