Global Water Resources Inc (NAS:GWRS)

Q3 2025 Global Water Resources Inc Earnings Call Transcript

Nov 13, 2025 / 06:00 PM GMT

Release Date Price: $9.11 (-7.98%)

Transcript 10-Q8-K

Key Points

Positve

Global Water Resources Inc (GWRS) successfully closed the Tucson acquisition, adding approximately 2,200 connections and $7.7 million in rate base at an attractive multiple.
The Arizona governor signed significant water legislation, AGA Urban, which is expected to benefit GWRS by improving aquifer sustainability and supporting growth in service areas.
The Highway 347 expansion project, which connects Interstate 10 and Metro Phoenix to the city of Maricopa, is fully funded and expected to drive further growth in the region.
Total active service connections increased by 6.6% year-over-year, indicating strong organic growth.
Revenue for Q3 2025 increased by 8.4% compared to Q3 2024, driven by acquisitions, organic growth, and higher rates.

Negative

Operating expenses for Q3 2025 increased by 21.9% compared to Q3 2024, primarily due to personnel costs and storm-related expenses.
Net income for Q3 2025 decreased to $1.7 million from $2.9 million in Q3 2024, reflecting a decline in profitability.
Building permits in the Phoenix Greater Metropolitan Statistical Area decreased by 29% in Q3 2025 compared to the prior year, indicating a slowdown in construction activity.
The rate case process is ongoing, with a proposed $4.3 million annual rate increase still under consideration, and completion expected by mid-2026.
Adjusted EBITDA for Q3 2025 decreased by 5% compared to Q3 2024, indicating challenges in maintaining earnings growth.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GWRS.OQ - Global Water Resources Inc
Q3 2025 Global Water Resources Inc Earnings Call
Nov 13, 2025 / 06:00PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings ladies and gentlemen, thank you for standing by. Welcome to the Global Water Resources Inc. 2025 3rd quarter conference call.

At this time, all participants are in a listen-only mode. Following the presentation, we will conduct a question-and-answer session. Instructions will be provided at that time for you to queue up for questions. If anyone has any difficulties hearing the conference, please press 0 for operator assistance at any time. I would like to remind everyone that this call is being recorded on November 13, 2025 at 10 p.m. Eastern time.

I would now like to turn the conference over to Kyle Upchurch, controller. Please go ahead.

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