Quarterly ResultAug 12, 2026, 08:01 PM
Global Water Resources Q2 Revenue Up 24.8% to $17.8M; Net Income $2.7M
AI Summary
Global Water Resources, Inc. reported strong Q2 2026 financial results, with total revenue increasing 24.8% to $17.8 million and net income rising to $2.7 million, or $0.10 per diluted share. This growth was primarily driven by unregulated revenue from infrastructure coordination and financing agreements (ICFA), the acquisition of seven water systems from Tucson Water, organic connection growth, increased consumption, and higher rates. The company also saw operational improvements, including a 5.8% increase in active service connections and a 6.1% rise in water consumption, alongside significant infrastructure investments and progress on rate case settlements.
Key Highlights
- Total revenue increased 24.8% year-over-year to $17.8 million in Q2 2026.
- Net income rose to $2.7 million, or $0.10 per diluted share, up from $1.6 million.
- Adjusted EBITDA increased 14.6% year-over-year to $7.9 million for the quarter.
- Total active service connections grew 5.8% year-over-year to 69,429.
- Water consumption increased 6.1% year-over-year to 1.2 billion gallons.
- Invested $6.6 million in infrastructure projects during Q2 2026.
- Filed a settlement agreement for GW-Santa Cruz rate case, proposing a $2.3 million annual revenue increase.
- Declared three monthly cash dividends of $0.02533 per common share.
Price Impact
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