Quarterly ResultNov 3, 2026, 05:26 PM
Global Water Resources Q3 Revenue Up 5% to $16.3M; Net Income Down
AI Summary
Global Water Resources, Inc. reported its third quarter 2026 financial results, with total revenue increasing 5.0% year-over-year to $16.3 million, primarily driven by organic connection growth and increased consumption. However, net income decreased by 41.5% to $1.0 million ($0.03 per diluted share) due to higher depreciation and net interest expenses resulting from capital investments. Adjusted EBITDA remained stable at $7.8 million. The company also announced the completion of a $10.0 million private placement of common stock and an increase in its revolving credit facility capacity to $30.0 million. Active service connections grew 2.4% year-over-year.
Key Highlights
- Total revenue increased 5.0% YoY to $16.3M in Q3 2026, driven by connection growth and higher consumption.
- Net income decreased 41.5% YoY to $1.0M ($0.03/share) in Q3 2026, due to higher depreciation and interest expenses.
- Adjusted EBITDA remained consistent at $7.8M in Q3 2026.
- Active service connections grew 2.4% YoY to 69,797 as of September 30, 2026.
- Company completed a $10.0M private placement of common stock and increased revolving credit facility to $30.0M.
- Declared monthly cash dividends of $0.02533 per common share.
- Invested $6.9M in Q3 2026 in infrastructure projects.
Price Impact
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