Lines of Credit and Long-Term Liabilities

3 Months Ended

Mar. 31, 2026

Debt Disclosure [Abstract]

Lines of Credit and Long-Term Liabilities

Lines of Credit and Long-Term Liabilities

H2O America’s contractual obligations and commitments include senior notes, bank term loans, revenue bonds, state revolving fund loans, lines of credit, and other obligations.

Lines of Credit

The weighted average interest rate on short-term borrowings outstanding at March 31, 2026, was 4.71%, compared to 4.75% at December 31, 2025.

As of March 31, 2026, the unused portion of the lines of credit was $370.0 million.

Long-Term Debt

The balance of long-term debt outstanding, net of unamortized debt issuance costs and debt premium and discount, as of March 31, 2026 and December 31, 2025 was $1,865.5 million and $1,866.8 million, respectively. The current portion of long-term debt as of March 31, 2026 and December 31, 2025 was $8.6 million and $23.5 million, respectively.

The debt and credit agreements of H2O America and its subsidiaries contain various financial and other covenants. Non-compliance with these covenants could result in accelerated due dates and termination of the agreements. In addition, the debt and credit agreements contain customary representations and warranties and are subject to customary events of default, which may result in outstanding debt becoming immediately due and payable. As of March 31, 2026, H2O America and its subsidiaries were in compliance with all covenants related to its debt and credit agreements.