Quarterly ResultMay 13, 2026, 04:34 PM
Global Water Resources Q1 Revenue +6.7% to $13.3M; Net Loss $0.4M
AI Summary
Global Water Resources reported a 6.7% increase in total revenue to $13.3 million for Q1 2026, driven by acquisitions, organic connection growth, increased consumption, and higher rates. However, the company posted a net loss of $0.4 million, or ($0.01) per share, primarily due to increased depreciation and net interest expense from 2025 rate base investments. Adjusted EBITDA remained consistent at $5.6 million. The company also announced a settlement agreement for rate cases, anticipating a $2.3 million annual revenue increase for GW-Santa Cruz by November 1, 2026, which management expects to lead to meaningful earnings growth.
Key Highlights
- Total revenue increased 6.7% year-over-year to $13.3 million.
- Net loss totaled $0.4 million or ($0.01) per share.
- Adjusted EBITDA remained consistent year-over-year at $5.6 million.
- Total active service connections increased 5.7% year-over-year to 68,885.
- Water consumption increased 7.9% year-over-year to 902 million gallons.
- Invested $6.3 million in Q1 2026 in infrastructure projects.
- Settlement agreement includes an increase in GW-Santa Cruz's annual revenue requirement of approximately $2.3 million.
- Declared three monthly cash dividends of $0.02533 per common share.