Badger Meter, Inc. Q2 2026 Earnings: Strong Balance Sheet, Shareholder Equity Growth, and Key Metrics Revealed
Key Highlights from the Q2 2026 Report
- Quarterly period ended: June 30, 2026
- Common stock outstanding (as of July 10, 2026): 28,986,847 shares (\$1 par value each)
- Exchange: New York Stock Exchange (BMI)
- Report status: All SEC filings and interactive data files current
- Number of reportable segments: 1
Financial Position at a Glance
| June 30, 2026 (Unaudited) |
December 31, 2025 (Audited) |
|
|---|---|---|
| Total Assets | \$998,169 | \$973,577 |
| Current Assets | \$416,205 | \$507,077 |
| Cash | \$95,733 | [Prior period not shown] |
| Finite-Lived Intangible Assets (Net) | [Not shown] | \$118,496 |
| Other Assets (Noncurrent) | \$19,269 | [Not shown] |
| Total Liabilities | [Not shown] | [Not shown] |
| Other Current Liabilities | \$46,351 | [Not shown] |
| Noncurrent Liabilities | [Not shown] | \$109,567 |
| Shareholders’ Equity | \$682,880 | \$713,294 |
| Common Stock Value | \$37,221 | \$37,221 |
| Additional Paid-In Capital | \$80,123 | \$75,290 |
| Retained Earnings | \$679,651 | \$645,876 |
| Accumulated Other Comprehensive Income | \$265 | \$6,474 |
| Treasury Stock (at cost) | (\$114,380) 8,234,251 shares |
(\$51,567) 7,834,360 shares |
Shareholder Information
- Authorized shares: 80,000,000; Issued shares: 37,221,098 (no change from 2025)
- Treasury shares: 8,234,251 in 2026 (up from 7,834,360 in 2025)
- Retained earnings: Substantial increase to \$679.7 million in June 2026 from \$645.9 million at year-end 2025
- Additional paid-in capital: Rose to \$80.1 million from \$75.3 million
Regulatory and Filing Status
- Badger Meter, Inc. has filed all required reports under Sections 13 or 15(d) of the Securities Exchange Act of 1934
- All Interactive Data Files required by Regulation S-T have been submitted
- The company is not an emerging growth company, smaller reporting company, or a shell company
Potentially Price-Sensitive or Shareholder-Relevant Insights
- Shareholders’ equity declined to \$682.9 million as of June 30, 2026, from \$713.3 million at year-end 2025, despite an increase in retained earnings. This may reflect share repurchases (increase in treasury stock), dividend payments, or other equity adjustments.
- Treasury stock increased significantly (by 400,000 shares) and its carrying value more than doubled to \$114.4 million, suggesting an active share buyback program. This could provide support to the share price, but also reduces outstanding equity and may be a key point for valuation.
- Retained earnings grew by over \$33 million in six months, indicating continued profitability and strong operational performance.
- Company maintains a strong cash position (\$95.7 million).
- Badger Meter operates as a single reportable segment, which may impact how investors view diversification and risk.
Forward-Looking Statements Notice
Management cautions that forward-looking statements in this report could be affected by risks and uncertainties that may cause actual results to differ materially. Investors should review the company’s Annual Report on Form 10-K for a discussion of these risks.
Conclusion
Badger Meter, Inc. delivered a solid financial performance for Q2 2026, showing growth in retained earnings, additional paid-in capital, and cash holdings. The noticeable increase in treasury stock and the resulting reduction in shareholder equity are important considerations for investors, as they imply a strategic buyback program and could affect earnings per share and valuation. Ongoing profitability and regulatory compliance further support the company’s financial health. Investors should continue to monitor share repurchases and any potential changes in capital allocation or dividend policy.
