Quarterly ResultAug 13, 2026, 06:08 AM
Global Water Q2 Revenue $17.8M (+24.8%); Net Income $2.7M (+70.4%)
AI Summary
Global Water Resources, Inc. reported strong financial results for the second quarter of 2026, with total revenue increasing 24.8% to $17.8 million and net income rising 70.4% to $2.7 million, or $0.10 per diluted share. These gains were primarily driven by the acquisition of seven water systems from Tucson Water, organic connection growth, increased consumption, and higher rates. The company also highlighted significant infrastructure investments, progress on rate case settlements for its utilities, and a positive long-term outlook for Arizona's economic and population growth.
Key Highlights
- Total revenue increased 24.8% year-over-year to $17.8 million.
- Net income rose 70.4% to $2.7 million, or $0.10 per diluted share.
- Adjusted EBITDA increased 14.6% year-over-year to $7.9 million.
- Total active service connections grew 5.8% year-over-year to 69,429.
- Regulated revenue increased 9.9% to $15.7 million.
- Declared a monthly cash dividend of $0.02533 per common share.
- Invested $6.6 million in infrastructure projects during Q2 2026.
- GW-Santa Cruz rate case settlement proposes $2.3 million annual revenue increase.
Price Impact
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