H2O America

Good day and thank you for standing by. Welcome to the H2O America 2026 Q3 financial results call. At this time, all participants are in a listen-only mode. Please be advised that today's conference is being recorded. After the speaker's presentation, there will be a question and answer session. To ask a question, please press star 1 1 on your telephone and wait for your name to be announced. To withdraw your question, please press star 1 1 again. I would now like to hand the conference over to your speaker today, Jonathan Reeder.

Thank you. Welcome to the third quarter of 2026 Financial Results Conference Call for H2O America. My name is Jonathan Reeder and I am the Senior Director of Treasury and Investor Relations for H2O America. Presenting today will be Andrew Walters, Chair of the Board and Chief Executive Officer, Ann Kelly, Chief Financial Officer and Treasurer, and Bruce Hauk, President and Chief Operating Officer. For those who would like to follow along, slides accompanying our remarks are available on our website at h2o-america.com. Before we begin today, I would like to remind you that this presentation and related materials posted on our website may contain forward-looking statements. These statements are based on estimates and assumptions made by the company in light of its experience, historical trends, current conditions, and expected future results. as well as other factors that the company believes are appropriate under the circumstances. Many factors could cause the company's actual results and performance to differ materially from those expressed or implied by the forward-looking statements. For a description of some of the factors that could cause actual results to be different from statements in this presentation, we refer you to the Financial Results Press Release and to our most recent forms 10-K, 10-Q, and 8-K filed with the Securities and Exchange Commission, copies of which may be obtained on our website. All forward-looking statements are made as of today and H2O America disclaims any duty to update or revise such statements. You will have an opportunity to ask questions at the end of the presentation. This webcast is being recorded and an archive of the webcast will be available until January 26, 2027. You can access the press release and the webcast at H2O America's website. In addition, some of the information discussed today includes the non-GAAP financial measures of adjusted net income and adjusted diluted earnings per share, that have not been calculated in accordance with generally accepted accounting principles in the United States or GAAP. These non-GAAP financial measures should be considered as a supplement to the financial information prepared on a GAAP basis rather than an alternative to the respective GAAP financial measures. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are presented in the table in the appendix of our presentation. I will now turn the call over to Andrew.

Welcome everyone and thank you for joining us today. We are pleased to provide you with an update on our third quarter 2026 results as well as the exciting progress our team has made with regards to executing our long-term value creation strategy. During the third quarter, we earned 99 cents per share on a GAAP diluted basis and $1.04 per share on an adjusted diluted basis. This brings our year-to-date 2026 earnings per share to $2.13 on a GAAP diluted basis and $2.30 per share on an adjusted diluted basis. Our third quarter and year-to-date results are consistent with our internal expectations and supportive of both our 2026 guidance as well as our long-term financial growth targets. Ann will discuss we are narrowing our standalone 2026 adjusted diluted EPS guidance to $3.10 to $3.16 per share, which preserves the prior $3.13 per share midpoint. And we remain confident in our ability to deliver on our 2026 to 2030 five-year plan, as well as our long-term EPSK target of 6% to 8%. Before I ask Ann to discuss our financial results in more detail, and for those people on this call that do not yet know, I am very excited to announce that we closed on the purchase of Houston, Texas based QuadVest at the beginning of this month. This is a significant milestone in our strategy to build a stronger utility portfolio and I want to express my sincere thanks to all of my internal partners across H2O America that have helped us get to this point. It is a tremendous accomplishment but we all know our work is far from complete as we continue to integrate QuadVest and bring to bear the numerous benefits of this transformative acquisition, including delivering on the anticipated accretion beginning in 2028. I also want to take a minute to thank all of the hardworking QuadVest team members for their support in bringing our two companies together and welcome them to H2O America team. Quivest brings an experienced team dedicated to providing dependable service to their customers, a strong development pipeline and longstanding community relationships to our Texas Water Company subsidiary. I truly look forward to the great things that I know we will achieve together. One final point on Quivest, and Bruce will elaborate on this later in the call. is that realized customer growth remains robust with active connections up 14% in 2026. And we have a good line of sight on above average growth continuing in the years ahead. In addition to QuadVest, I'm pleased to report we have been advancing the ball in our pending Connecticut main general rate cases. In order to continue making the much needed water infrastructure investments across our national footprint of systems necessary to provide high quality Thank you for joining us today. In addition, our teams in California and Texas are placing a great deal of thought into preparing their own general rate case filings, which will be made in the months ahead. Bruce will provide additional updates on each of our states in a few minutes, but now I will turn the call over to Ann to provide details on our third quarter 2026 financial results and key elements of our five-year financial plan.