Global Water Resources Reports Q1 2026 Financial Results and Rate Settlements
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.
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