Global Water Resources Inc
NASDAQ:GWRS

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Global Water Resources Inc
NASDAQ:GWRS
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Price: 7.37 USD -0.27% Market Closed
Market Cap: $211.9m

Global Water Resources Inc
Investor Relations

Global Water Resources, Inc. engages in the operation and management of water, wastewater, and recycled water utilities. The company is headquartered in Phoenix, Arizona and currently employs 86 full-time employees. The company went IPO on 2016-04-28. The firm owns, operates, and manages water, wastewater, and recycled water utilities in strategically located communities, principally in metropolitan Phoenix, Arizona. The firm seeks to deploy an integrated approach, known as Total Water Management. Total Water Management is an approach to water utility management that reduces demand on scarce non-renewable water sources and costly renewable water supplies. The company treats water to potable standards, and it also treats, cleans, and recycles wastewater for a variety of non-potable uses. Its water supplies are primarily derived from groundwater. The firm owns and operates about 25 water and wastewater systems in strategically targeted communities in metropolitan Phoenix. Its subsidiaries include Global Water, LLC, Global Water - Balterra Utilities Company, Inc., Global Water - CP Water Company, Inc., and Global Water Holdings, Inc., among others.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 13, 2025
AI Summary
Q3 2025

Revenue Growth: Q3 revenue rose 8.4% year-over-year to $15.5 million, driven by the Tucson acquisition and organic growth.

Net Income Decline: Q3 net income fell to $1.7 million, down from $2.9 million last year, mainly due to higher operating expenses.

Operating Expenses: Costs increased 21.9% in Q3, reflecting new hires and storm-related expenses.

Major Acquisition: Closed the Tucson deal, adding 2,200 connections and $7.7 million in rate base at an attractive valuation.

Rate Case Progress: Management expects new rates to take effect by mid-2026, with a proposed $4.3 million annual increase under review.

Legislative Tailwinds: New Arizona "Ag-to-Urban" water law seen as a driver for future growth without major capital outlays.

Strategic Infrastructure: Funding approved for Highway 347 expansion, expected to further accelerate Maricopa's growth.

Key Financials
Revenue
$15.5 million
Year-to-date Revenue
$42.2 million
Operating Expenses
$12.6 million
Year-to-date Operating Expenses
$35.4 million
Net Income
$1.7 million
EPS
$0.06 per diluted share
Year-to-date Net Income
$3.9 million
Year-to-date EPS
$0.15 per diluted share
Adjusted EBITDA
$7.8 million
Year-to-date Adjusted EBITDA
$20.4 million
Active Service Connections
68,130
Annualized Q3 Active Connection Growth Rate (ex-acquisition)
3.3%
Infrastructure Investment Year-to-date
$49.6 million
Tucson Acquisition Connections Added
2,200
Tucson Acquisition Rate Base Added
$7.7 million
Proposed Annual Rate Increase (under review)
$4.3 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Ron L. Fleming
Chairman, CEO & President
No Bio Available
Mr. Michael J. Liebman CPA
Senior VP, CFO & Corporate Secretary
No Bio Available
Mr. Christopher D. Krygier C.F.A.
Chief Operating Officer
No Bio Available
Ms. Joanne Ellsworth
Executive Vice President of Corporate Affairs
No Bio Available
Mr. John Carroll Lenderking
Senior Vice President of Water Resources & Legislative Affairs
No Bio Available
Mr. Jonathan C. Corwin
VP & GM
No Bio Available
Mr. Steven D. Brill
Vice President of Information Technology Operations & Security
No Bio Available

Contacts

Address
ARIZONA
Phoenix
21410 N 19th Ave Ste 220
Contacts
+14809993461.0
www.gwresources.com
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