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BCS

Beneficial Ownership Report · SCHEDULE 13G/A

H2O America

HTONASDAQEQUITYCurrent

Beneficial Ownership Report

Filed Sep 22, 2026Accepted Sep 22, 2026, 6:43 PM EDTFiling CIK 766829Accession 0001214659-26-011890
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Structured filing — SCHEDULE 13G/A

primary_doc.xml

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Amendment · This filing reports the amendment as submitted.

Subject company

Company
H2O America
Company CIK
0000766829
Street
110 West Taylor Street
City
San Jose
State / country code
CA
Postal code
95110

Statement details

Amendment number
3
Security class
Common Stock, par value $0.001 per share
Event date
09/21/2026
Rule designation
Rule 13d-1(b)

Reporting person 1

Name
ATLAS Infrastructure Partners (UK) Ltd.
Citizenship / organization
X0
Reporting person type
IA
Aggregate amount owned
4,675,469.00
Percent of class
11.17
Sole voting power
0.00
Shared voting power
4,675,469.00
Sole dispositive power
0.00
Shared dispositive power
4,675,469.00
Aggregate excludes certain shares
N
Comments
The percentages used in this Schedule 13G are calculated based upon 41,856,804 Common Stock outstanding as of July 24, 2026, as reported in the Company's Report on Form 10-Q for the period ended June 30, 2026, filed with the Securities and Exchange Commission on July 28, 2026. This amendment is being filed to correct the filer's designation under Rule 13d-1 in the original Schedule 13G filed on March 10, 2026, and Amendment No. 1 thereto filed on April 8, 2026 (together, the "Prior Filing"). The Prior Filing incorrectly selected Rule 13d-1(c) instead of Rule 13d-1(b).

Reporting person 2

Name
GIP Atlas Holdings Limited
Citizenship / organization
X0
Reporting person type
IA
Aggregate amount owned
4,675,469.00
Percent of class
11.17
Sole voting power
0.00
Shared voting power
4,675,469.00
Sole dispositive power
0.00
Shared dispositive power
4,675,469.00
Aggregate excludes certain shares
N
Comments
The percentages used in this Schedule 13G are calculated based upon 41,856,804 Common Stock outstanding as of July 24, 2026, as reported in the Company's Report on Form 10-Q for the period ended June 30, 2026, filed with the Securities and Exchange Commission on July 28, 2026. GIP Atlas Holdings Limited is the sole owner of Atlas Infrastructure Partners (UK) Ltd, holding 100% of its equity interests; however, it does not exercise investment discretion with respect to the entity. This amendment is being filed to correct the filer's designation under Rule 13d-1 in the original Schedule 13G filed on March 10, 2026, and Amendment No. 1 thereto filed on April 8, 2026 (together, the "Prior Filing"). The Prior Filing incorrectly selected Rule 13d-1(c) instead of Rule 13d-1(b).

Item 1

Issuer

H2O America

Principal executive office address

110 West Taylor Street, San Jose, CA, 95110

Item 2

Citizenship

United Kingdom

Filing person

ATLAS Infrastructure Partners (UK) Ltd. GIP Atlas Holdings Limited

Principal business or residence address

1ST Floor West, 1-3 College Hill, London, EC4R 2RA

Item 3

Not applicable indication

N

Type of filing person

IA

Item 4

Percent of class

11.17

Amount beneficially owned

4,675,469

Sole voting power

0

Shared voting power

4,675,469

Sole dispositive power

0

Shared dispositive power

4,675,469

Item 5

Not applicable indication

Y

Item 6

Not applicable indication

Y

Item 7

Not applicable indication

Y

Item 8

Not applicable indication

Y

Item 9

Not applicable indication

Y

Item 10

Not applicable indication

N

Certifications

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

Signature 1

Reporting person
ATLAS Infrastructure Partners (UK) Ltd.
Signed
Clinton Joyner
Title
Partner and COO
Date
09/22/2026

Signature 2

Reporting person
GIP Atlas Holdings Limited
Signed
Clinton Joyner
Title
Partner and COO
Date
09/22/2026

Company context

H2O America (NASDAQ: HTO) is a national investor-owned network of local water and wastewater utilities united by one purpose: delivering clean, high-quality water to the communities we call home. For H2O America, providing water is more than a responsibility - it’s a privilege. Every connection we serve helps sustain what matters most: public health, vibrant neighborhoods, and a reliable future. Across approximately 409,000 water and wastewater service connections, we invest in critical infrastructure to strengthen water supply for generations to come. We stay actively engaged in our local communities while focusing on operational excellence and delivering sustainable, long-term value to our investors.

Current securities

Historical securities (1)

Recent company filings

  1. Completion of Acquisition or Disposition of Assets · Regulation FD DisclosureOct 1, 2026
  2. SCHEDULE 13G/A - filed by ATLAS Infrastructure Partners (UK) Ltd. regarding H2O AMERICAAug 19, 2026
  3. SCHEDULE 13G/A - filed by BlackRock, Inc. regarding H2O AMERICAJul 28, 2026
  4. 10-Q filingJul 28, 2026
  5. Results of Operations and Financial ConditionJul 27, 2026

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