← H2O AMERICA
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $339.7m |
$389.2m
+14.58%
|
$389.3m
+0.02%
|
$447.7m
+15.01%
|
$549.3m
+22.68%
|
$559.6m
+1.87%
|
$586.9m
+4.89%
|
$678.2m
+15.55%
|
$736.3m
+8.58%
|
$805.6m
+9.41%
|
$828.5m
+2.84%
|
|
| Gains (Losses) on Sales of Investment Real Estate | — | — | — | — | — | $927k | $0 | — | — | — | — | |
| General and Administrative Expense | $48.0m | $55.0m | $48.9m | $66.3m | $79.7m | $87.3m | $95.4m | $98.7m | $105.8m | $126.0m | $132.9m | |
| Amortization of Intangible Assets | $530k | $616k | $647k | $745k | $1.4m | $1.6m | $3.9m | $1.3m | $1.4m | $1.1m | — | |
| Operating Lease, Lease Income | — | — | — | — | — | $5.4m | $5.6m | $5.7m | $6.1m | $243k | — | |
| Operating expenses: | ||||||||||||
| Operating Income (Loss) | $93.1m |
$98.1m
+5.33%
|
$73.4m
-25.12%
|
$57.5m
-21.73%
|
$117.7m
+104.72%
|
$111.2m
-5.53%
|
$131.0m
+17.83%
|
$149.4m
+14.09%
|
$170.5m
+14.10%
|
$177.5m
+4.12%
|
$177.9m
+0.24%
|
|
| Interest Expense | $20.2m | $22.6m | $24.3m | $31.8m | $54.3m | $54.3m | $58.1m | $66.1m | $71.4m | $72.6m | $73.0m | |
| Debt and Equity Securities, Gain (Loss) | — | — | $75k | — | — | — | — | — | — | — | — | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | — | — | $0 | — | — | — | — | — | — | |
| Other Nonoperating Income (Expense) | $1.4m | $1.9m | $2.5m | $2.1m | $5.9m | $6.8m | $4.4m | $8.9m | $55k | $3.5m | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $86.4m | $96.5m | $48.8m | $32.1m | $69.9m | $68.8m | $82.3m | $90.9m | $102.9m | $114.9m | $118.5m | |
| Property taxes and other non-income taxes | $12.1m | $13.6m | $15.0m | $19.1m | $29.9m | $31.0m | $32.6m | $34.5m | $35.9m | $37.7m | — | |
| Provision for income taxes | $33.5m | $35.4m | $10.1m | $8.5m | $8.4m | $8.4m | $8.5m | $6.0m | $9.0m | $12.4m | — | |
| Net Income (Loss) Attributable to Parent | $52.8m |
$59.2m
+12.05%
|
$38.8m
-34.52%
|
$23.4m
-39.63%
|
$61.5m
+162.85%
|
$60.5m
-1.69%
|
$73.8m
+22.07%
|
$85.0m
+15.11%
|
$94.0m
+10.57%
|
$102.6m
+9.16%
|
$107.0m
+4.27%
|
|
| Net Income (Loss) Attributable to Noncontrolling Interest | — | $1.9m | $0 | $224k | $0 | $0 | $0 | $0 | $0 | $0 | $107.0m | |
| Earnings Per Share, Basic | $2.59 | $2.89 | $1.83 | $0.82 | $2.16 | $2.04 | $2.44 | $2.69 | $2.87 | $2.93 | $2.87 | |
| Earnings Per Share, Diluted | $2.57 | $2.86 | $1.82 | $0.82 | $2.14 | $2.03 | $2.43 | $2.68 | $2.87 | $2.92 | $2.84 | |
| —Basic (shares) | $20.4m | $20.5m | $21.2m | $28.4m | $28.5m | $29.6m | $30.3m | $31.6m | $32.7m | $35.0m | $37.8m | |
| —Diluted (shares) | $20.6m | $20.7m | $21.3m | $28.6m | $28.7m | $29.7m | $30.4m | $31.7m | $32.8m | $35.1m | $38.4m | |
| Weighted Average Number of Shares Outstanding, Basic | 20.4m | 20.5m | 21.2m | 28.4m | 28.5m | 29.6m | 30.3m | 31.6m | 32.7m | 35.0m | 37.8m | |
| Weighted Average Number of Shares Outstanding, Diluted | 20.6m | 20.7m | 21.3m | 28.6m | 28.7m | 29.7m | 30.4m | 31.7m | 32.8m | 35.1m | 38.4m | |
| Additional Financial Items | ||||||||||||
| Business Combination, Acquisition Related Costs | — | — | $18.6m | $15.8m | $0 | $0 | — | — | — | — | — | |
| Goodwill, Impairment Loss | — | $1.9m | $0 | $224k | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Water Production Costs | $124.3m | $156.8m | $168.7m | $175.8m | $225.8m | $229.1m | $232.8m | $256.2m | $292.0m | $311.2m | — | |
| Purchased water | $73.0m | $86.5m | $97.4m | $99.1m | $100.7m | $98.2m | $122.3m | $136.0m | $158.6m | $126.3m | — | |
| Power | $6.1m | $7.3m | $6.2m | $7.4m | $13.3m | $13.5m | $8.9m | $9.6m | $11.5m | $21.8m | — | |
| Groundwater extraction charges | $32.1m | $47.8m | $46.8m | $43.9m | $71.4m | $75.9m | $56.2m | $63.0m | $73.1m | $112.1m | — | |
| Other production expenses | $13.2m | $15.2m | $18.4m | $25.3m | $40.4m | $41.5m | $45.4m | $47.6m | $48.9m | $51.0m | — | |
| Maintenance | $17.5m | $17.4m | $18.4m | $20.5m | $22.2m | $26.0m | $30.7m | $25.7m | $31.3m | $32.9m | — | |
| Depreciation and amortization | $44.6m | $48.3m | $54.6m | $65.6m | $89.3m | $94.4m | $104.4m | $105.9m | $112.9m | $115.3m | $122.7m | |
| Pension non-service credit (cost) | ($4.3m) | ($3.8m) | ($2.4m) | ($3.2m) | ($374k) | $1.3m | $5.0m | ($1.2m) | $3.8m | $6.4m | — | |
| Other, net | $1.4m | $1.9m | $2.5m | $2.1m | $5.9m | $6.8m | $4.4m | $8.9m | $55k | $3.5m | — | |
| Unrealized (loss) gain on investment, net of taxes of $0 in 2025, $(163) in 2024 and $166 in 2023 | — | — | $0 | $117k | ($310k) | $185k | ($511k) | $530k | ($442k) | $0 | — | |
| Adjustment to pension benefit plans, net of taxes of $0 in 2025, $0 in 2024 and $80 in 2023 | — | — | $0 | $9k | ($880k) | $716k | $2.2m | ($216k) | $611k | ($493k) | — | |
| Comprehensive income | $52.1m | $59.9m | $38.8m | $23.5m | $60.3m | $61.4m | $75.5m | $85.3m | $94.1m | $102.1m | — | |
| Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component | — | — | $2.4m | $3.2m | $374k | ($1.3m) | ($5.0m) | $1.2m | ($3.8m) | ($6.4m) | — | |
| Total production expenses | $124.3m | $156.8m | $168.7m | $175.8m | $225.8m | $229.1m | $232.8m | $256.2m | $292.0m | $311.2m | — | |
| Total operating expense | $246.6m | $291.1m | $324.3m | $363.0m | $446.9m | $462.5m | $489.7m | $520.9m | $577.9m | $623.1m | $650.6m |