Quarterly ResultMay 13, 2026, 04:58 PM
Global Water Resources Q1 Net Loss $(366)K; Revenue $13.29M
AI Summary
Global Water Resources reported a net loss of $(366)K for the first quarter of 2026, a significant decline from a net income of $591K in the prior year period, despite a 6.6% increase in total revenue to $13.29 million. Basic earnings per share also fell to $(0.01) from $0.02. The company also announced a settlement agreement for its GW-Santa Cruz rate case, which is expected to increase annual revenue by approximately $2.3 million, and extended its revolving credit facility maturity date to May 2028.
Key Highlights
- Net loss for Q1 2026 was $(366)K, compared to net income of $591K in Q1 2025.
- Total revenue increased 6.6% to $13.29 million in Q1 2026 from $12.46 million in Q1 2025.
- Basic earnings per common share was $(0.01) in Q1 2026, down from $0.02 in Q1 2025.
- Operating income decreased to $389K in Q1 2026 from $1.26 million in Q1 2025.
- Dividends declared per common share remained consistent at $0.08 for both periods.
- Capital expenditures decreased to $(6.28) million in Q1 2026 from $(15.22) million in Q1 2025.
- The company extended its revolving credit facility maturity date to May 18, 2028.
Price Impact
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