v3.26.3
Segment Reporting (Tables)
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting
For the three months ended September 30, 2026
Reportable Segment
Water Utility ServicesOther Services (1)
Unallocated Corporate (2)
Consolidated
(In thousands)
Operating revenue$245,634 4,595 — 250,229 
Less:
Production expenses101,224 2,082 — 103,306 
Administrative and general30,951 209 4,281 35,441 
Maintenance7,333 1,014 — 8,347 
Property taxes and other non-income taxes10,014 50 104 10,168 
Depreciation and amortization32,216 31 231 32,478 
Interest on long-term debt and other interest expense13,428 115 4,618 18,161 
Provision (benefit) for income taxes6,010 135 (943)5,202 
Other (3)(5,058)(25)(835)(5,918)
Net income (loss)$49,516 984 (7,456)43,044 
Capital expenditures$130,369 — — 130,369 
For the three months ended September 30, 2025
Reportable Segment
Water Utility ServicesOther Services (1)
Unallocated Corporate (2)
Consolidated
(In thousands)
Operating revenue$236,222 4,328 — 240,550 
Less:
Production expenses96,411 1,909 — 98,320 
Administrative and general30,599 251 456 31,306 
Maintenance7,100 916 — 8,016 
Property taxes and other non-income taxes9,563 21 (68)9,516 
Depreciation and amortization28,505 30 230 28,765 
Interest on long-term debt and other interest expense12,600 — 5,298 17,898 
Provision (benefit) for income taxes5,743 591 (543)5,791 
Other (3)(1,435)(370)(2,389)(4,194)
Net income (loss)$47,136 980 (2,984)45,132 
Capital expenditures$153,212 — — 153,212 
For the nine months ended September 30, 2026
Reportable Segment
Water Utility ServicesOther Services (1)
Unallocated Corporate (2)
Consolidated
(In thousands)
Operating revenue$631,738 12,258 — 643,996 
Less:
Production expenses250,631 4,580 — 255,211 
Administrative and general86,608 627 11,639 98,874 
Maintenance20,952 3,226 — 24,178 
Property taxes and other non-income taxes27,975 128 43 28,146 
Depreciation and amortization96,132 91 695 96,918 
Interest on long-term debt and other interest expense41,425 184 13,342 54,951 
Provision (benefit) for income taxes17,881 866 (6,174)12,573 
Other (3)(13,080)(176)(2,245)(15,501)
Net income (loss)$103,214 2,732 (17,300)88,646 
Capital expenditures$344,813 — — 344,813 
For the nine months ended September 30, 2025
Reportable Segment
Water Utility ServicesOther Services (1)
Unallocated Corporate (2)
Consolidated
(In thousands)
Operating revenue$596,052 10,352 — 606,404 
Less:
Production expenses233,720 4,436 — 238,156 
Administrative and general82,317 1,063 4,481 87,861 
Maintenance20,848 2,137 — 22,985 
Property taxes and other non-income taxes27,278 (29)(32)27,217 
Depreciation and amortization85,022 91 684 85,797 
Interest on long-term debt and other interest expense38,358 — 15,934 54,292 
Provision (benefit) for income taxes17,755 1,100 (4,923)13,932 
Other (3)(4,305)(507)(5,382)(10,194)
Net income (loss)$95,059 2,061 (10,762)86,358 
Capital expenditures$369,615 — — 369,615 
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(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, and Risk Solutions 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:
September 30, 2026December 31, 2025
(In thousands)
Water Utility Services (reportable segment)$5,475,573 5,054,235 
Other Services22,177 26,707 
Unallocated Corporate554,374 68,624 
Total assets$6,052,124 5,149,566