Global Water Resources, Inc.

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.

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.

Global Water Resources, Inc. announced it will host a conference call on Thursday, August 13, 2026, at 1:00 p.m. Eastern time. The purpose of the call is to discuss the company's financial results for the second quarter ended June 30, 2026. The financial results will be released in a press release before the conference call. Management will host the presentation, followed by a question-and-answer session, and a replay will be available until August 27, 2026.

Global Water Resources, Inc. announced a monthly cash dividend of $0.02533 per common share, which translates to an annual dividend rate of $0.30396 per share. The dividend will be paid on July 31, 2026, to shareholders of record as of July 17, 2026. The company, a pure-play water resource management firm, operates 39 systems and has recycled over 1 billion gallons of water annually, totaling 19.8 billion gallons since 2004.

Global Water Resources, Inc. announced that its subsidiaries, GW-Santa Cruz and GW-Ocotillo, have filed Designation of Assured Water Supply (DAWS) applications with the Arizona Department of Water Resources. If approved, these applications would expand the assured water supply in their service areas, supporting anticipated long-term residential and commercial growth. GW-Santa Cruz aims to increase its supply by 20% to 27,466 acre-feet, potentially allowing for growth to 177,000 residents in the City of Maricopa. GW-Ocotillo filed for 1,128 acre-feet of assured water supply.

Global Water Resources, Inc. has declared a monthly cash dividend of $0.02533 per common share, which translates to an annual dividend rate of $0.30396 per share. The dividend is scheduled to be paid on June 30, 2026, to shareholders of record as of the close of business on June 15, 2026. The company is a pure-play water resource management firm operating 39 systems primarily in growth corridors around metropolitan Phoenix and Tucson.

Global Water Resources, Inc. announced the results of its 2026 Annual Meeting of Stockholders. All seven director nominees listed in the proxy statement were elected. Additionally, the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for fiscal year 2026 was ratified, and the advisory vote on the compensation of named executive officers was approved.

Global Water Resources, Inc. held its 2026 Annual Meeting of Stockholders on May 14, 2026. During the meeting, stockholders elected seven directors to serve until the 2027 Annual Meeting. Additionally, Deloitte & Touche LLP was ratified as the company's independent registered public accounting firm for the fiscal year ending December 31, 2026. Stockholders also provided advisory approval for the compensation of the company's named executive officers, with all proposals passing by a significant majority.

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.

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.