H2O America | 10-Q: FY2025 Q3 Revenue Beats Estimate at USD 240.55 M

Revenue: As of FY2025 Q3, the actual value is USD 240.55 M, beating the estimate of USD 238.5 M.

EPS: As of FY2025 Q3, the actual value is USD 1.27, beating the estimate of USD 1.1652.

EBIT: As of FY2025 Q3, the actual value is USD 82.53 M.

Operating Revenue: $236,222 for the three months ended September 30, 2025, compared to $220,938 for the same period in 2024. For the nine months ended September 30, 2025, operating revenue was $596,052, compared to $537,899 in 2024.
Operating Income: $64,627 for the three months ended September 30, 2025, compared to $58,353 for the same period in 2024. For the nine months ended September 30, 2025, operating income was $144,388, compared to $126,836 in 2024.
Net Income: $95,059 for the nine months ended September 30, 2025, compared to $82,604 for the same period in 2024.
Production Expenses: $233,720 for the nine months ended September 30, 2025, compared to $214,001 in 2024.
Administrative and General Expenses: $82,317 for the nine months ended September 30, 2025, compared to $66,848 in 2024.
Capital Expenditures: $369,615 for the nine months ended September 30, 2025, compared to $271,032 in 2024.

Operating Revenue: $4,328 for the three months ended September 30, 2025, compared to $4,125 for the same period in 2024. For the nine months ended September 30, 2025, operating revenue was $10,352, compared to $12,720 in 2024.
Net Income: $2,061 for the nine months ended September 30, 2025, compared to $2,465 for the same period in 2024.

Net Loss: -$10,762 for the nine months ended September 30, 2025, compared to -$14,022 for the same period in 2024.

Operating Cash Flow: $181,283 for the nine months ended September 30, 2025, compared to $154,066 in 2024.
Investing Cash Flow: Net cash used in investing activities was -$369,542 for the nine months ended September 30, 2025, compared to -$232,678 in 2024.
Financing Cash Flow: Net cash provided by financing activities was $188,459 for the nine months ended September 30, 2025, compared to $72,856 in 2024.

Core Business Focus: H2O America plans to invest in regional regulated water utility operations and expand its non-tariffed water utility-related services. The company is also pursuing out-of-region water and utility-related services, including the acquisition of Quadvest’s water and sewer utility business, which is expected to enhance operational scale and market presence in Texas.
Non-Core Business: The company is exploring strategic business combinations and acquisitions to support growth, although it acknowledges the risks associated with such activities, including integration challenges and potential financial impacts.