Global Water Resources Inc (NAS:GWRS)
$ 7.44 -0.16 (-2.11%) Market Cap: 214.00 Mil Enterprise Value: 351.28 Mil PE Ratio: 106.29 PB Ratio: 2.54 GF Score: 65/100

Q1 2026 Global Water Resources Inc Earnings Call Transcript

May 14, 2026 / 05:00 PM GMT
Release Date Price: $6.96 (+4.50%)

Key Points

Positve
  • Total revenue for Q1 2026 increased by 6.7% to $13.3 million compared to Q1 2025.
  • The acquisition of seven water systems from the City of Tucson contributed positively to revenue growth.
  • Total active service connections increased by 5.7% year-over-year, indicating strong customer growth.
  • The company achieved a 2.6% year-over-year organic increase in active connections, reflecting continued growth in the Phoenix MSA.
  • A settlement in pending rate reviews provides a clearer path to a notable rate increase for GW Santa Cruz, expected to enhance future earnings.
Negative
  • Net loss for Q1 2026 was $0.4 million, compared to a net income of $0.6 million in Q1 2025.
  • Operating expenses increased by 15.1% to $12.9 million, driven by higher depreciation and maintenance costs.
  • The single-family dwelling unit market saw an 18.8% decrease in building permits in the Phoenix area, indicating a slowdown in new permit activity.
  • Higher interest expenses and lower interest income contributed to an increase in other expenses.
  • The delay in rate recovery for GW Palo Verde due to differences in opinion on timing impacts financial performance.


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

GWRS.OQ - Global Water Resources Inc
Q1 2026 Global Water Resources Inc Earnings Call
May 14, 2026 / 05:00PM 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. 2026 First 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. Being recorded on May 14, 2026 at 1 p.m. Eastern Time. I would now like to turn the conference over to Kyle Upchurch, Controller. Please go ahead.

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