HTO at a glance
H2O AMERICA (HTO, SEC CIK 766829) filed its latest 10-K annual report on February 26, 2026, a 10-Q quarterly report on July 28, 2026, an 8-K current report on October 1, 2026 and Form 4 insider filings as recently as August 3, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), H2O AMERICA (HTO) reported revenue of $805.6 million (up 9.4% from FY2024) and net income of $102.6 million. Diluted EPS was $2.92.
- As of June 30, 2026, 32 institutional investment managers tracked by SignalX reported holding H2O AMERICA (HTO) shares worth $1.1 billion in 13F-HR filings.
- The most recent insider open-market purchase reported on Form 4 was by ATLAS Infrastructure Partners (UK) Ltd. on July 7, 2026 of 2,784 shares at $62.03 per share.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $805.6M
- +9.4% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 32 funds
- $1.1B · +0 vs prior quarter
- Latest 8-K
- Oct 1, 2026
- Item 7.01 · Item 2.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model: Water utility services including water supply, treatment, and distribution primarily through subsidiary companies
- Strategic shift: Standard & Poor’s downgraded H2O America’s credit outlook to negative post-Quadvest acquisition announcement on July 15, 2025
- Notable financing activity: Issued $60M and $55M Senior Notes for CWC and SJWC respectively, both due 2055 with interest ~6.08% and 5.83% rates
- Key quantitative metric: Short-term borrowings decreased to $86.8M from $119.1M YoY with borrowing cost dropping to 4.75% from 6.08%
- Equity raise: Issued 2.39M shares under ATM equity offering raising net proceeds of $122.8M at weighted average $51.90 per share in 2025
Risk Factors
- Regulatory/legal risk: Rate increases subject to approval by California and Connecticut utility commissions, impacting $44.1M authorized rate hikes in 2025
- Geopolitical/macroeconomic threat: Valley Water's July 2025 rate hikes, +9% purchased water price, +10% groundwater extraction charge, increasing costs for SJWC
- Operational/supply chain vulnerability: Termination of MWC-Kennebec Water District contract in Nov 2025, shift to tariff rates, guaranteeing 0.05 billion gallons annually
- Competitive/market disruption risk: PFAS regulation-driven $400M investment over 5 years for water treatment, potential cost and technology disruption
- Financial/structural risk: Dividends at 57% of net income in 2025, raising sustainability concerns amid rising capital expenditure needs totaling $458M in 2026
Management Discussion & Analysis
- Revenue details not explicitly provided; customer usage change: SJWC -4.6%, CWC +2.7%, TWC -3.1%, MWC +2.5% YoY
- Capital improvements $489.6M in 2025 vs $353.0M in 2024; planned $458.0M in 2026 and $2.568B over next five years including acquisitions
- No goodwill impairment as of 10/1/2025; no disallowed regulatory assets for 2025-2023
- Quadvest acquisition purchase price $540.0M ($483.6M TWC, $56.4M TWOS), expected operational scale and growth exposure in Houston, TX
- Regulatory mechanisms WCMA and WRA mitigate revenue risks from reduced water consumption; WCMA active due to 15% voluntary water reduction in SJWC area
AI summary of the HTO 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Risk Factors
- No material changes from the December 31, 2025 Form 10-K risk factors
- Regulatory and compliance risks carried forward without quarterly updates
- Operational and competitive risks unchanged from the 2025 Form 10-K
- Financial risks, including liquidity, debt maturity, currency exposure, and concentration, unchanged from the 2025 Form 10-K
AI summary of the HTO 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 7.01: Regulation FD Disclosure
- October 1, 2026 press release announced closing of the Transactions
- Exhibit 99.1 contains the transaction-closing details relevant to investors
Item 2.01: Completion of Acquisition or Disposition of Assets
- H2O America completed acquisition of Quadvest’s regulated and wholesale water and sewer businesses on October 1, 2026
- $540 million base purchase price, subject to customary purchase price adjustments
Item 2.02: Results of Operations and Financial Condition
- 2026 second-quarter results announced July 27, 2026
- Financial details contained in Exhibit 99.1, the company’s attached earnings release
Item EX-99.1: Item EX-99.1
- Q2 revenue rose 6% to $210.5M, but operating expenses increased 9% to $167.7M, pressuring adjusted EPS to $0.72 from $0.75
- Higher share count from equity issuance offset net-income growth, with Q2 diluted shares rising to 42.9M from 34.9M
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Kristen Johnson departing H2O America effective July 3, 2026
- Separation classified without cause under her employment agreement
AI summaries of HTO 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for HTO
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Mattern Megan | F | Jul 30, 2026 | 1,154 | $61.97 |
| ATLAS Infrastructure Partners (UK) Ltd. | Buy | Jul 7, 2026 | 2,784 | $62.03 |
| ATLAS Infrastructure Partners (UK) Ltd. | Sell | Jul 1, 2026 | 1,686 | $60.73 |
| ATLAS Infrastructure Partners (UK) Ltd. | Buy | Jul 1, 2026 | 2,132 | $60.76 |
| Kelly Ann P | F | Jul 1, 2026 | 88 | $60.74 |
| Walters Andrew F | D | Jul 1, 2026 | 374 | $60.74 |
| Walters Andrew F | G | Jun 5, 2026 | 3,508 | - |
| Johnson A Kristen | A | Jun 2, 2026 | 0 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $678.2M | $736.3M | $805.6M |
| Operating Income | $149.4M | $170.5M | $177.5M |
| Net Income | - | $94.0M | $102.6M |
| Op. Margin | 22.0% | 23.2% | 22.0% |
| Net Margin | - | 12.8% | 12.7% |
| Balance Sheet | |||
| Total Assets | $4.3B | $4.7B | $5.1B |
| Equity | $1.2B | $1.4B | $1.5B |
| ROE | - | 6.9% | 6.7% |
| Per Share | |||
| EPS | $2.68 | $2.87 | $2.92 |
| Cash Flow | |||
| Operating CF | $190.8M | $195.5M | $244.8M |
Source: XBRL data in H2O AMERICA (HTO)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate HTO share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 32 | $1.13B |
| Q1 2026 | 32 | $1.11B |
| Q4 2025 | 28 | $791.2M |
| Q3 2025 | 29 | $717.8M |
| Q2 2025 | 29 | $735.6M |
| Q1 2025 | 25 | $422.7M |
| Q4 2024 | 22 | $348.2M |
| Q3 2024 | 19 | $258.9M |
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Source: 13F-HR filings on SEC EDGAR (aggregated from 216 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
HTO filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Oct 1, 2026 | - | Analysis | - |
| 4 | Aug 3, 2026 | - | - | - |
| 10-Q | Jul 28, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 27, 2026 | - | Analysis | - |
| 4 | Jul 13, 2026 | - | - | - |
| 4 | Jul 8, 2026 | - | - | - |
| 4 | Jul 6, 2026 | - | - | - |
| 4 | Jul 6, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 8-K | Jun 12, 2026 | - | Analysis | - |
| 4 | Jun 5, 2026 | - | - | |
| 4 | Jun 3, 2026 | - | - | |
| 4 | Jun 2, 2026 | - | - | |
| 8-K | May 19, 2026 | - | Analysis | |
| 4 | May 15, 2026 | - | - | |
| 4 | May 15, 2026 | - | - | |
| 4 | May 15, 2026 | - | - | |
| 4 | May 15, 2026 | - | - | |
| 4 | May 15, 2026 | - | - | |
| 4 | May 15, 2026 | - | - | |
| 4 | May 15, 2026 | - | - | |
| 10-Q | Apr 29, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | Apr 28, 2026 | - | Analysis | - |
| 4 | Apr 22, 2026 | - | - | - |
| 4 | Apr 13, 2026 | - | - | - |
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HTO SEC filings: frequently asked questions
Which institutions hold HTO stock?
As of June 30, 2026, the largest H2O AMERICA (HTO) holders among the 13F filers tracked by SignalX were BlackRock ($431.9 million), Vanguard Capital Management LLC ($95.7 million), State Street Corp ($94.5 million), Vanguard Portfolio Management LLC ($76.8 million), Soros Fund Management ($76.2 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was HTO's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), H2O AMERICA (HTO) reported revenue of $805.6 million (up 9.4% from FY2024) and net income of $102.6 million. Diluted EPS was $2.92. The figures come from the XBRL data in the 10-K.
What are the main risks in HTO's latest 10-K?
In the 10-K filed February 26, 2026, H2O AMERICA (HTO) flagged: Regulatory/legal risk: Rate increases subject to approval by California and Connecticut utility commissions, impacting $44.1M authorized rate hikes in 2025. Geopolitical/macroeconomic threat: Valley Water's July 2025 rate hikes, +9% purchased water price, +10% groundwater extraction charge, increasing costs for SJWC. (AI summary of the Risk Factors section.)
What did HTO report in its latest 8-K?
H2O AMERICA (HTO) filed an 8-K on October 1, 2026 reporting Item 7.01 (Regulation FD Disclosure) and Item 2.01 (Completion of Acquisition or Disposition of Assets). October 1, 2026 press release announced closing of the Transactions.
What are the latest HTO SEC filings?
H2O AMERICA (HTO) filed its latest 10-K annual report on February 26, 2026, a 10-Q quarterly report on July 28, 2026, an 8-K current report on October 1, 2026 and a Form 4 insider filing on August 3, 2026.
What is HTO's SEC CIK number?
H2O AMERICA (HTO)'s SEC Central Index Key (CIK) is 766829. EDGAR lists every HTO filing under that number.
Ask anything about HTO
The research agent reads HTO's filings, financials, insider trades and 13F holders, then answers with sources.