H2O AMERICA: directors' dealings · United States · SEC (Form 4)

About H2O AMERICA

H2O America (NASDAQ: HTO) is a U.S.-listed regulated water and wastewater utility platform focused on essential infrastructure and long-duration asset ownership. Headquartered in San Jose, California, the company operates in the United States through a portfolio of locally run utilities rather than a single centralized operating model. In May 2025, the company rebranded from SJW Group to H2O America, signaling a clearer identity as a pure-play water utility and reinforcing its long-term infrastructure growth strategy. ([h2o-america.com](https://www.h2o-america.com/news-releases/news-release-details/sjw-group-rebrands-h2o-america?utm_source=openai)) The group’s operating footprint is built around four regional utilities: San Jose Water in California, The Connecticut Water Company in Connecticut, The Maine Water Company in Maine, and Texas Water Company in Texas. Collectively, these businesses serve more than 1.6 million people and roughly 407,000 water and wastewater service connections. That diversified state-level footprint is important for investors because it spreads regulatory exposure across multiple jurisdictions while still keeping the company firmly anchored in the defensive, regulated-water model. ([h2o-america.com](https://www.h2o-america.com/about-us?utm_source=openai)) H2O America’s competitive position rests on three pillars: regulated cash flows, ongoing infrastructure investment, and a track record of working through state regulatory processes to recover capital spending. The company emphasizes reliability, public health, and service quality, which are critical differentiators in a utility sector where customer retention is effectively structural and demand is highly recurring. Its scale is smaller than that of the largest diversified U.S. utilities, but its focus on water allows management to concentrate on network upgrades, rate recovery, and execution in a specialized niche. ([h2o-america.com](https://www.h2o-america.com/news-releases/news-release-details/h2o-america-announces-2025-financial-results-and-updated-five)) In operational terms, the company’s main business lines include water sourcing, treatment, storage, distribution, and selected wastewater services. Recent disclosures show ongoing investment in pipe replacement, PFAS treatment, and system modernization, especially in California, Connecticut, Maine, and Texas. In its February 2026 update, management outlined a new five-year capital plan calling for $2.7 billion of investment over 2026-2030, reflecting a continued push to upgrade core infrastructure and support long-term earnings growth. ([h2o-america.com](https://www.h2o-america.com/news-releases/news-release-details/h2o-america-announces-2025-financial-results-and-updated-five)) Recent news flow has been constructive. H2O America reported full-year 2025 results on February 25, 2026, then first-quarter 2026 results on April 28, 2026. Management also said the company was advancing the previously announced acquisition of Quadvest through its Texas Water subsidiary, a $540 million transaction tied to growth in the Houston metro area. In addition, the company completed a $700 million equity raise in early March 2026 to fund its forecasted capital needs, and a recent SEC Form 4 filing underscored ongoing insider-transaction reporting activity. ([h2o-america.com](https://www.h2o-america.com/news-releases/news-release-details/h2o-america-announces-2025-financial-results-and-updated-five))