Phoenix

Aurora Innovation announced customer agreements with Arizona-based Value Truck and Canada's Charger Logistics to begin driverless freight hauls using its newly released second-generation self-driving trucks. Value Truck will deploy Aurora's technology in the Southwest on routes including Phoenix to Fort Worth and Laredo to Dallas, while Charger Logistics will use driverless trucks on the Dallas-Laredo corridor for temperature-controlled and pharmaceutical freight. Aurora will own and operate the trucks under a technology-as-a-service model, with supervised trips starting in Q3 2026 and transitioning to daily driverless operations in Q4. The agreements follow Aurora's recent launch of its second-generation autonomous trucks and expansion of its partnership with Hirschbach Motor Lines. The announcements come ahead of Aurora's Q2 earnings report, signaling continued commercial deployment of autonomous trucking technology in the U.S. Sun Belt region.

1 reports · 1 sources · Updated Jul 27, 11:57 AM UTC

Alphabet's Waymo is reportedly considering ending its robotaxi partnership with Uber, as tensions escalate over operations in Austin and Atlanta and over autonomous vehicle regulation. According to the Financial Times, Waymo has internally discussed leaving existing agreements. Uber stated Waymo intends to enter Austin and Atlanta independently from January 2028, when the current contract allows, though Uber expects to continue offering Waymo services until May 2028. The partnership, which began in May 2023 in Phoenix, has soured as both companies become closer rivals and support different regulatory approaches. Complaints have been exchanged over vehicle cleanliness, routing, safety incidents (including Waymo vehicles blocking a cul-de-sac in Atlanta and driving past stopped school buses in Austin), and financial terms. Waymo has expanded in other US markets without Uber and plans direct bookings in Austin and Atlanta alongside Uber. Waymo recently completed a $16bn financing round, valuing the company at $126bn.

1 reports · 1 sources · Updated Jul 27, 10:53 AM UTC

Tesla provided new metrics on its Robotaxi ride-hailing service during its Q2 2025 earnings call. The company reported nearly 2.5 million cumulative paid miles, over 380,000 unsupervised miles driven across six cities, and weekly mileage growth exceeding 10%. Robotaxi is now active in seven US metropolitan regions: Austin, Dallas, Houston, Miami, Orlando, Tampa, and San Francisco Bay Area. Tesla claims zero notable incidents from unsupervised operations, though two low-speed crashes occurred with safety monitors present. The company has installed annual manufacturing capacity for over 125,000 Cybercabs at Gigafactory Texas. Tesla also reported 1.48 million paying Full Self-Driving customers, a 56% year-over-year increase. CEO Elon Musk emphasized safety constraints on deployment speed, warning that any injury would trigger regulatory crackdowns. For comparison, Waymo has driven over 200 million fully autonomous miles and operates in 11 US regions.

1 reports · 1 sources · Updated Jul 23, 02:21 AM UTC

USA Gymnastics confirmed it has received no petitions from athletes in women's elite divisions ahead of the U.S. Championships in August, casting significant doubt on whether viral star Katelyn Ohashi will continue her 2026 elite season. Ohashi, 29, fell short of the required 26.800 qualifying score by nearly four-tenths at the U.S. Classic in Hartford. While the petition window remains open with no deadline, the federation stated it is not anticipating any petitions. Ohashi, a former elite prodigy and two-time NCAA champion, scored 13.200 on each of her two events and expressed pride in her performance. She is targeting the 2028 Olympic Games in Los Angeles and plans to upgrade difficulty levels next year. The U.S. Championships will determine national champions and the U.S. National Team, with the World Team Selection Event in late September leading to the 2026 World Championships in Rotterdam.

1 reports · 1 sources · Updated Jul 22, 04:38 PM UTC

Business Insider reports on consumer confusion and fear amid a Cyclospora outbreak linked to iceberg lettuce and Taylor Farms. Five salad enthusiasts describe their strategies, from avoiding bagged lettuce to cutting fresh produce entirely. The parasite causes cyclosporiasis, with symptoms including explosive diarrhea. While no deaths have been reported, the outbreak has disrupted eating habits, especially for those who rely on salads for convenience and nutrition. Some consumers have switched to cooked vegetables or local farm produce, while others express frustration over changing guidance. The article highlights the emotional and practical impact on lettuce lovers during the summer season.

1 reports · 1 sources · Updated Jul 21, 08:59 AM UTC

Major League Pickleball's Week 7 event in San Diego saw significant upsets and shifting standings as the 2026 playoffs approach. Dallas emerged as a surprise contender with a dominant 4-0 sweep over Atlanta, while Los Angeles suffered a stunning loss to Atlanta, raising questions about their roster composition. Columbus easily defeated an Orlando team hampered by Lacy Schneemann's ankle injury. Phoenix made a statement with a 3-1 win over Florida. Utah's rotation experiments led to mixed results, including a DreamBreaker loss to Bay Area and a win over Atlanta. California upset playoff-contender SoCal in a DreamBreaker, positioning themselves for a potential third-place match. The trade deadline was July 20, with notable moves including Dylan Frazier's acquisition by California, though he missed the event due to a prior commitment.

1 reports · 1 sources · Updated Jul 20, 04:10 PM UTC

Katelyn Ohashi, 29, announced her elite gymnastics comeback on June 24, 2026, after over seven years away. She competed at the American Classic in Champlin, Minnesota, winning bronze on beam but falling short of qualifying for U.S. Championships. She aims to qualify at the U.S. Classic in Hartford, Connecticut, on July 17-18, 2026, alongside Olympic medalist Jade Carey. Ohashi’s return reflects shifting age norms in women’s gymnastics as she targets the 2028 LA Olympics.

7 reports · 1 sources · Updated Jul 19, 05:24 AM UTC

The article argues that trial lawyers, through the American Association for Justice, have been lobbying against autonomous vehicle (AV) legislation for nearly a decade, despite growing evidence that AVs are substantially safer than human drivers. Citing Waymo data from over 220 million miles driven, the article reports 94% fewer serious injuries, 82% fewer air bag deployments, and 93% fewer pedestrian injuries compared to human driving. The author contends that trial lawyers oppose AVs because they profit heavily from litigating the $180-220 billion annual auto insurance payout system. The article advocates for a UK-style insurance model (Automated and Electric Vehicles Act 2018) where a single insurer covers the vehicle regardless of driver, victims are compensated directly, and manufacturers face costs through insurer subrogation. This system, the author argues, would reduce transaction costs and improve safety deterrence compared to tort litigation.

1 reports · 1 sources · Updated Jul 18, 11:18 AM UTC

The article argues that trial lawyers, through the American Association for Justice, have been lobbying against autonomous vehicle (AV) legislation for nearly a decade, despite evidence that AVs are substantially safer than human drivers. Citing Waymo data over 220 million miles, the article reports 94% fewer serious injuries, 82% fewer air bag deployments, and 93% fewer pedestrian injuries compared to human driving. The author contends that trial lawyers oppose AVs because they profit from litigating the roughly $180-220 billion in annual U.S. auto insurance payouts. The article advocates for a UK-style insurance model where a single insurer covers the vehicle regardless of driver, victims are compensated directly, and insurers subrogate against manufacturers if software is at fault. This system, the author argues, would reduce transaction costs and better deter accidents than product liability lawsuits.

1 reports · 1 sources · Updated Jul 18, 11:18 AM UTC

Milwaukee Brewers prospect Luis Peña is returning to baseball activities three weeks after collapsing in the dugout during a game on April 22. The incident, which caused the immediate end of the match, was attributed to overheating, and Peña was released from the hospital the following morning after receiving fluids. Although he consulted a neurologist on May 4, the team withheld specific details about the visit. As of May 15, the 19-year-old shortstop has been cleared to begin a rehabilitation progression in Arizona. A Brewers spokesperson indicated that Peña could make his debut in the Arizona Complex League as early as the upcoming weekend. Currently ranked as the No. 3 prospect in the organization and No. 19 overall by MLB Pipeline, Peña had been performing exceptionally well for the Class High-A Wisconsin Timber Rattlers, posting a .372 batting average and a .973 OPS in 12 games before the incident. He remains on the 7-day injured list, which facilitates his rehab assignment. This development marks a significant and encouraging step in his recovery process.

1 reports · 1 sources

At the 2026 PGA Championship held at Aronimink Golf Club, Chris Gotterup emerged as a standout performer during the challenging early morning window, shooting a five-under 65 despite howling winds. While world number one Scottie Scheffler struggled with the difficult conditions, he later expressed admiration for Gotterup’s performance and demeanor. Scheffler highlighted Gotterup’s exceptional attitude, noting his ability to remain level-headed and avoid letting frustration impact subsequent shots. The two Americans share a friendly relationship, having played together previously in Phoenix. Scheffler described Gotterup as a fun, talented player who approaches golf with a balanced perspective on success and failure. Meanwhile, Gotterup attributed his success in the windy conditions to creativity and patience, emphasizing his willingness to execute unconventional shots and accept imperfect outcomes to keep the ball in play. His performance placed him in contention, showcasing his growing reputation as a specialist in adverse weather conditions, further validated by his previous win at the Scottish Open.

1 reports · 1 sources

MLB Pipeline has released its first updated top 100 prospect rankings of the 2026 season, highlighting significant changes for Milwaukee Brewers players. Shortstop Jesús Made has risen from third to become the number one overall prospect in baseball, following the graduation of Pirates shortstop Konnor Griffin. Made is praised as a five-tool player currently dominating Double-A statistics despite a recent minor slump. Two other Brewers prospects also rose in the rankings: infielder Luis Peña moved up to number 19, though his season was interrupted by a heatstroke incident requiring neurological evaluation, and center fielder Luis Lara entered the list at number 95 after a strong offensive breakout in Triple-A. Conversely, several prospects saw their stock decline. Jett Williams dropped to number 60 and Cooper Pratt fell to number 66 due to struggling batting performances in Triple-A, while Andrew Fischer dropped out of the rankings entirely. The update reflects dynamic shifts in player development and performance within the Brewers' farm system.

1 reports · 1 sources

The Arizona Diamondbacks have significantly restructured their roster following the offseason, with a notable trend involving players from a specific draft class. According to this report from May 2026, three key players acquired or developed from the same draft cohort—Blaze Alexander, Jake McCarthy, and Alek Thomas—have been utilized as trade assets. This strategic move indicates a shift in the team's direction, transitioning these players from being viewed as central components of the franchise's future to becoming parts of its past through recent transactions. The article highlights how these individual trades are connected by their common origin within the organization's drafting history. While the piece is brief, it underscores the Diamondbacks' active approach to roster management in Phoenix, Arizona. The inclusion of image captions featuring Alek Thomas in games against the Atlanta Braves and Toronto Blue Jays at Chase Field provides contextual evidence of his recent presence on the team before these changes. This development marks a significant chapter in the team's rebuilding or competitive strategy for the 2026 season.

1 reports · 1 sources

This article analyzes the disparity between the massive capital investments in AI data centers and the relatively low number of permanent jobs they create. A new Meta facility in Lebanon, Indiana, representing a $10 billion investment, will employ only about 300 people once operational, equating to one job per $33 million invested. This ratio is significantly less labor-intensive than semiconductor manufacturing, such as TSMC’s Phoenix complex, which creates one job per $14 million. Industry data indicates that highly automated hyperscale campuses require only 20 to 40 operators per 100 megawatts of capacity. For instance, Amazon Web Services’ $35 billion Virginia investment is projected to create just 1,000 jobs over 17 years. The report highlights that while construction phases provide temporary employment boosts, the long-term economic impact on local communities through permanent hiring is minimal compared to other sectors, where creating a single job costs approximately $137,000. This trend fuels ongoing debates about the actual community benefits of hosting hyperscale infrastructure.

1 reports · 1 sources

This article provides expert predictions and betting odds for the upcoming WNBA game between the Chicago Sky and the Phoenix Mercury, scheduled for Friday, May 15, at the Mortgage Matchup Center in Phoenix. Despite the Sky's strong 2-0 start to the season, analysts favor the Mercury due to their historical dominance in this matchup, having won seven consecutive games against Chicago. The Mercury are highlighted as the league's top three-point shooting team, while Sky victories so far have come against weaker opposition. Key player performances are analyzed, with Alyssa Thomas expected to contribute significantly in assists, and Kamilla Cardoso predicted to struggle on the boards. The recommended bet is for the Mercury to cover the -4.5 point spread. Additional betting suggestions include a same-game parlay involving Thomas's assist count and Cardoso's rebound total. Injury updates note that DiJonai Carrington is out for the Sky, while Sami Whitcomb and Monique Akoa Makani are sidelined for the Mercury. The piece concludes with broadcast information and current betting lines.

1 reports · 1 sources

Virgin Galactic confirmed on May 14 that it remains on track technically and financially to commence commercial flights of its next-generation suborbital spaceplane by the end of the year. During its first-quarter earnings call, executives reported that the first SpaceShip vehicle has moved to testing at its Phoenix facility, with rollout expected by August. Flight testing is scheduled for the third quarter, leading to space flights in the fourth quarter. The company has informed its 650 existing customers that their flights will occur between 2027 and early 2028. Financially, Virgin Galactic reported a $65 million net loss but holds $251 million in cash, deemed sufficient to reach commercial service. The company recently sold 50 tickets at $750,000 each, citing strong global interest from individuals and organizations. To support increased flight cadence, Virgin is establishing a hybrid rocket motor assembly line in Phoenix, expected to be completed in the fourth quarter. This strategic move aims to transition staff from vehicle assembly to motor production seamlessly, ensuring operational efficiency as the company exits its pre-revenue phase.

1 reports · 1 sources

This news roundup from May 15, 2026, focuses primarily on the Houston Texans as experts analyze their newly released 2026 NFL schedule. Local media outlets, including the Houston Chronicle and Houston Press, highlight key matchups, noting a challenging cold-weather gauntlet and identifying must-watch games for the upcoming season. Analysts Randy McIlvoy, Nick Mantas, and Aaron Wilson offer predictions for the Texans' seasonal record. Additionally, the team has signed second-round draft pick tight end Marlin Klein. Beyond Houston, the article covers significant league-wide developments. The 2026 NFL season will kick off with a Super Bowl rematch between the Patriots and Seahawks. Other notable stories include Deion Sanders discussing Shedeur Sanders' difficult rookie year, Malik Nabers targeting a Week 1 return after surgery, and Devon Achane securing a lucrative extension with the Dolphins. The NFL also announced a record nine-game international slate, featuring a Steelers-Saints game in Paris, while facing legal scrutiny from Florida's Attorney General regarding the Rooney Rule. Local sports news also touches on the Houston Astros, with Dusty Baker commenting on past controversies.

1 reports · 1 sources

Phoenix Suns star Devin Booker has released a special-edition signature sneaker that pays homage to his long-time home state of Arizona. The design features the iconic blue arches of the unique McDonald's location in Sedona, a recognizable roadside landmark known for its turquoise colors that blend with the local desert landscape. This release continues Booker's established pattern of integrating Arizona culture, desert aesthetics, and local nostalgia into his personal brand and footwear line since joining the team in 2015. Unlike many athletes who draw inspiration from global trends, Booker focuses on regional identity, using his platform to highlight specific cultural touchstones that resonate with locals. The article highlights how this strategic branding reinforces his authenticity and deep connection to the community, extending his influence beyond basketball. By spotlighting distinct Arizona symbols, Booker strengthens his legacy in the Valley and demonstrates a commitment to storytelling through his apparel. The blue-arches Book 2 release serves as both a celebration of the state and a reflection of the bond he has cultivated over more than a decade in Phoenix.

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Alex Rufer, the long-serving captain of the Wellington Phoenix, has announced his intention to explore future career options following his selection for the FIFA World Cup. After dedicating thirteen years to the club, Rufer believes he has earned the right to consider his next steps in his professional football journey. This announcement comes at a significant moment in his career, as he prepares to represent his country on the global stage at the upcoming World Cup tournament. The statement highlights the intersection of his loyal service to the Phoenix and his international ambitions. While no specific destination or decision has been finalized, Rufer's comments suggest that his contract status and recent international recognition have empowered him to evaluate potential opportunities beyond his current team. This development marks a pivotal transition period for one of New Zealand's most prominent football figures, drawing attention from fans and media alike regarding his potential next club and continued impact on the sport.

1 reports · 1 sources

Michael Banks, the head of the U.S. Border Patrol, has announced his resignation, marking the latest leadership change within the Department of Homeland Security (DHS) under the Trump administration. Banks confirmed his departure in a Fox News interview, stating that after 37 years of service, it was time to prioritize family life. He claimed credit for transforming the border from chaotic to highly secure. His resignation occurs amidst a broader recalibration of immigration enforcement strategies, which have recently expanded into American cities governed by Democrats. This move follows the appointment of Markwayne Mullin as homeland security secretary two months prior. Additionally, U.S. Immigration and Customs Enforcement (ICE) is undergoing its own transition, with acting director Todd Lyons set to be replaced by David Venturella. Banks, who previously served as a border advisor to Texas Governor Greg Abbott, maintained a lower public profile compared to other officials while overseeing a significant drop in illegal crossings. The White House has not yet commented on his successor, leaving the future leadership of the agency uncertain during this period of intense political focus on border security and immigration operations.

1 reports · 1 sources

Dollar Tree has officially opened a new one million-square-foot distribution center in Litchfield Park, Arizona, located outside of Phoenix. The climate-controlled facility, announced on May 14, 2026, is designed to service approximately 700 stores across Arizona, Colorado, Nevada, New Mexico, and Utah, with outbound deliveries scheduled to begin the following month. This addition brings the retailer's total number of distribution centers to 19, supporting over 9,240 stores in North America. Roxanne Weng, Chief Supply Chain Officer, stated that the facility aims to move products closer to stores for faster customer service. The opening is part of Dollar Tree's broader strategy to modernize its supply chain, which includes replacing legacy systems with cloud-based platforms and adding temperature-controlled storage to all centers. These upgrades are intended to improve inventory visibility, reduce out-of-stock items, and optimize cost structures. Additionally, the company plans to open another one million-square-foot facility in Marietta, Oklahoma, in spring 2027, replacing a site destroyed by a tornado in 2024.

1 reports · 1 sources

Following a significant victory, the Golden State Warriors team celebrated their arrival in Phoenix with a mix of humor and reflection. Head coach Steve Kerr engaged with his staff and players, including Stephen Curry and Draymond Green, who agreed to meet immediately upon landing. The atmosphere was lightened by jokes attributing the win to chicken sandwiches from Honor Bar, with assistant Jacob Rubin playfully taking credit. However, the mood also carried a sense of fragility, as an assistant noted the team had led for only four minutes and six seconds during the game. Kerr privately expressed his determination to stay with the team, telling a reporter, "I'm not leaving." He described the victory as one of the best of his career, highlighting the transient nature of wins compared to the lasting memory of losses. The scene captured a joyous yet poignant moment for the franchise, underscored by casual interactions like Nick Kerr tipping his beer. This report, originally published by HoopsHype and syndicated by Yahoo Sports, provides an insider look at the team's emotional state and camaraderie following a hard-fought game.

1 reports · 1 sources

Bruce Springsteen launched his 'Land of Hope & Dreams American Tour' with a politically charged performance in Phoenix, explicitly defending democracy and criticizing the current administration as corrupt and treasonous. The show featured strong anti-authoritarian themes, including covers of protest songs like 'War,' and prompted a harsh response from former President Donald Trump, who called for a boycott on Truth Social. Despite Springsteen's long-standing reputation as the poet laureate of the working class and his sincere political activism, the article highlights a stark demographic disconnect. The author, one of the few Black attendees, observes that the audience is overwhelmingly white, raising critical questions about who exactly Springsteen is preaching to. This piece analyzes the tension between Springsteen's inclusive, progressive messaging and the monolithic nature of his fan base, suggesting that his appeal may not extend as broadly across racial lines as his rhetoric implies. The narrative juxtaposes Springsteen's blue-collar origins and current wealth against the backdrop of a polarized political landscape, examining the limitations of his cultural influence in contemporary America.

1 reports · 1 sources

Robert Bolick of the NLEX Road Warriors has emerged as the frontrunner for the Best Player of the Conference (BPC) award in the Philippine Basketball Association's Commissioner’s Cup. Following the conclusion of the 13-game elimination round, Bolick secured the top statistical position with 41.9 statistical points (SPs). His performance was anchored by a league-leading average of 8.8 assists per game, complemented by 20.5 points, 5.7 rebounds, and 1.8 steals. This outstanding individual contribution helped propel NLEX to the number one seed in the playoffs. Bolick currently leads a competitive field that includes San Miguel Beermen’s June Mar Fajardo, who holds 39.5 SPs, and Barangay Ginebra’s RJ Abarrientos with 37.5 SPs. Other notable contenders in the top five include Phoenix’s Ricci Rivero and Magnolia’s Zav Lucero. The BPC race highlights the exceptional performances during the preliminaries, with Bolick’s all-around play distinguishing him from other top local talents. The final rankings reflect the intense competition among the league's star players as the playoffs commence.

1 reports · 1 sources

The American West faces a severe water crisis driven by climate change, prolonged drought, and population growth, particularly affecting the Colorado River basin. To address this scarcity, cities like Las Vegas and Orange County are pioneering advanced water recycling technologies. Las Vegas adopted these measures out of necessity due to limited Colorado River allocations, while Orange County pursued water independence to support local growth, becoming a global leader in treating wastewater to drinking water standards. In contrast, Los Angeles has been slower to implement similar projects, with its Pure Water Los Angeles initiative not expected to deliver results until after 2050. Experts emphasize that while high-level purification is effective, it is not always necessary for all uses, suggesting localized solutions like stormwater capture for irrigation. Other cities, including Phoenix and Tucson, are also expanding their indirect and direct potable reuse capabilities. The article highlights that water management is a nonpartisan issue essential for survival, showcasing how innovative infrastructure can turn limited resources into sustainable supplies despite political or regional differences.

1 reports · 1 sources

The Chicago Sky, currently holding a perfect 2-0 record, are scheduled to face the Phoenix Mercury, who stand at 1-2, in an upcoming WNBA matchup in Phoenix. This game follows a notable individual performance by Phoenix's Kahleah Copper, who scored 30 points in a narrow 88-84 defeat against the Minnesota Lynx. Historical data highlights Phoenix's strong home court advantage from the previous season, where they finished 15-7 at home and averaged 21.0 assists per game. In contrast, Chicago struggled significantly last year with a 10-34 overall record and a poor 4-18 away record, while averaging 15.5 turnovers per game. The matchup is influenced by key absences on both sides; the Mercury will be without Sami Whitcomb due to a knee injury and Monique Akoa Makani for non-injury reasons. The Sky will also be missing DiJonai Carrington because of a foot injury. This contest represents an early-season test for both teams as they look to establish momentum in the Western Conference standings.

1 reports · 1 sources

The Wellington Phoenix has achieved a significant milestone in the A-League Women competition, with their head coach and six players selected for the prestigious Team of the Season. This recognition follows a record-breaking inaugural year under the current coaching leadership, marking a historic achievement for the club. The selection highlights the exceptional performance and tactical success of the Phoenix squad during the recent season. By securing seven spots in the elite lineup, the team has demonstrated its dominance and depth within the league. This accolade serves as a testament to the hard work, strategic planning, and individual talent displayed by both the coaching staff and the athletes. The announcement underscores the growing competitiveness of the A-League Women and cements the Phoenix's reputation as a formidable force in Australian women's football. The honor reflects not only individual brilliance but also the cohesive team effort that defined their campaign, setting a new standard for future seasons and celebrating a landmark year for the franchise.

1 reports · 1 sources

In 2026, housing demand is increasingly concentrating in markets where pricing aligns with buyer affordability, particularly in the Midwest, rather than in high-cost regions. Despite elevated mortgage rates hovering around 6.42%, weekly pending home sales have risen to 79,220, driven by improved mortgage spreads. Logan Mohtashami, Lead Analyst at HousingWire, highlights that Midwest cities like Cleveland, Columbus, and Detroit are experiencing tight inventory conditions, with absorption rates significantly outpacing the national average. These markets benefit from moderate median home prices, ranging between $242,500 and $301,000, making transactions financially viable for more households. Conversely, Sun Belt markets such as Phoenix, Dallas, Houston, and Austin, which saw rapid appreciation during the pandemic, are now facing higher inventory levels and more balanced conditions as affordability pressures intensify. The data suggests that buyer behavior has shifted from seeking appreciation momentum to prioritizing payment sensitivity and transaction viability. Consequently, markets maintaining alignment between local incomes and home prices are sustaining activity, while those anchored to peak-era pricing expectations see inventory build-up. This trend underscores the growing importance of local market liquidity and affordability in determining housing strength.

1 reports · 1 sources

Global Water Resources, Inc. (NASDAQ: GWRS) announced its financial results for the first quarter ended March 31, 2026. Total revenue rose 6.7% year-over-year to $13.3 million, driven by the acquisition of seven Tucson Water systems, organic growth, and higher rates. However, the company reported a net loss of $0.4 million, a significant decline from the $0.6 million net income in the prior year, primarily due to increased depreciation and interest expenses from 2025 infrastructure investments. Adjusted EBITDA remained stable at $5.6 million. Operationally, active service connections grew 5.7% to 68,885, and water consumption increased 7.9%. The company also disclosed a settlement with the Arizona Corporation Commission regarding rate cases for its Santa Cruz and Palo Verde utilities, securing a revenue increase for GW-Santa Cruz effective November 2026. Additionally, Global Water Resources extended its $20 million revolving credit facility to May 2028. Management emphasized that while current earnings are impacted by necessary capital expenditures and inflation, the settled rate cases provide a clearer path for future earnings growth and cost recovery.

1 reports · 1 sources

Global Water Resources, Inc. (NASDAQ: GWRS) announced its financial results for the first quarter ended March 31, 2026. Total revenue rose 6.7% year-over-year to $13.3 million, driven by the acquisition of seven Tucson Water systems, organic growth, and higher rates. However, the company reported a net loss of $0.4 million, a significant decline from the $0.6 million net income in the prior year, primarily due to increased depreciation and interest expenses from 2025 infrastructure investments. Adjusted EBITDA remained stable at $5.6 million. Operationally, active service connections grew 5.7% to 68,885, and water consumption increased by 7.9%. In subsequent events, the company settled rate cases with the Arizona Corporation Commission, securing a $2.3 million annual revenue increase for its Santa Cruz unit effective November 2026, while withdrawing the Palo Verde case for refiling in 2027. Additionally, Global Water Resources extended its $20 million revolving credit facility to May 2028 and declared quarterly dividends.

1 reports · 1 sources