HTO — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-07-28

• The Company’s water supply for its regulated utilities is diversified across groundwater, surface water, and purchased sources, with the mix of and reliance on such sources varying by region. Operations in California and Texas face greater hydrologic variability and drought-related pressures, partia…

• (decrease)% of Total ChangeSix months ended June 30,Increase/

• The increase in water production expenses of $12.1 million for the six months ended June 30, 2026, compared to the same period in 2025, was primarily attributable to increases in average per unit costs for purchased water and groundwater extraction, increases in water production balancing and memora…

• Depreciation and amortization expenses increased $3.4 million for the three months ended June 30, 2026 compared to the same period in 2025. The increase is associated with utility plant additions placed in service compared to the same period last year.

• Depreciation and amortization expenses increased $7.4 million for the six months ended June 30, 2026 compared to the same period in 2025. The increase is associated with utility plant additions placed in service compared to the same period last year.

Text removed vs the prior filing · source: 10-Q · 2026-04-29

• H2O America’s financial results and highlights for the three months ended March 31, 2026 and 2025 include:

• SJWC’s water supply consists of groundwater from wells, surface water from watershed run-off and diversion, reclaimed water, and imported water purchased from Valley Water under the terms of a master contract with Valley Water expiring in 2051. During normal rainfall years, purchased water provides …

• For the three months ended March 31, 2026, water conditions remained stable across the State of California. However, due to record heat in the month of March, the Sierra snowpack is well below average at this time of year. At the end of the first quarter, the Sierra snowpack was 6% of normal. As a r…

• As of March 31, 2026, SJWC’s Lake Elsman was at 100% of capacity with 2.0 billion gallons of water, approximately 128.3% of the five-year seasonal average. In addition, the rainfall at SJWC’s Lake Elsman was measured at 41.0 inches for the period from July 1, 2025 through March 31, 2026, which is 93…

• California faces long-term water supply challenges. SJWC actively works with Valley Water to meet these challenges by continuing to educate customers on responsible water use practices and conducting long-range water supply planning. Valley

Text added vs the prior filing · source: 10-Q · 2026-07-28

• There has been no change in internal control over financial reporting during the second fiscal quarter of 2026 that has materially affected, or is reasonably likely to materially affect, the internal controls over financial reporting of H2O America.

Text removed vs the prior filing · source: 10-Q · 2026-04-29

• Chief Financial Officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. H2O America believes that a control system, no matter how well designed and operated, cannot provide absolute assurance that the objectives of the control system …

• There has been no change in internal control over financial reporting during the first fiscal quarter of 2026 that has materially affected, or is reasonably likely to materially affect, the internal controls over financial reporting of H2O America.

Text added vs the prior filing · source: 10-Q · 2026-07-28

• For the three and six months ended June 30, 2026, the Company received $11.0 million from legal settlements with Tyco Fire Products LP, BASF Corporation, and 3M Company related to PFAS contamination, allocated as follows: SJWC received $7.4 million; CWC received $3.5 million; and MWC received $0.1 m…

Text removed vs the prior filing · source: 10-Q · 2026-04-29

• For the three months ended March 31, 2026, the Company did not receive any cash proceeds, in connection with legal settlements referred to above related to PFAS contamination. As of March 31, 2026, the Company has received aggregate cash proceeds of $25.1 million from MDL court approved settlements.…