Global Water Resources, Inc. (GWRS) Form 10-Q — Nov 3, 2026
Global Water Resources reported nine-month 2026 revenue of $47.4 million, up 12.2% year-over-year, driven by the Tucson water systems acquisition, organic connection growth of 2.4%, and higher GW-Farmers rates. However, Q3 net income fell 41.5% to $1.0 million (EPS $0.03 vs $0.06) as depreciation jumped 30.4% and interest expense rose following the 2025 capital improvement plan and December 2025 term loan. On the regulatory front, a settlement would raise GW-Santa Cruz's annual revenue requirement by approximately $2.3 million with a 9.6% ROE, and the ALJ has recommended ACC approval with rates effective December 1, 2026, pending the ACC's November 4 open meeting decision.
Key figures
- Eps
- 0.12
- Revenue
- 47354000
- Net Income
- 3386000
- Total Debt
- 127822000
- Revenue Yoy
- 12.2% (nine months); 5.0% (Q3)
- Total Assets
- 493100000
- Cash Position
- 3457000
- Q3 eps
- $0.03 vs $0.06 prior year
- Q3 revenue
- $16.3M
- Dividend rate
- $0.02533/month ($0.30396 annually)
- Q3 net income
- $1.0M (down 41.5% YoY)
- Capex nine months
- $19.8M
- Active connections
- 69,797 (+2.4% YoY)
- Shares outstanding
- 29935348
- Operating cash flow
- $16.1M
- Gross roe settlement
- 9.6%
- Santa cruz revenue increase
- $2.3M annual revenue requirement
AI analysis
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