Global Water Resources publishes Q3 2026 earnings call transcript
GWRS•Global Water Resources reported third-quarter net income of $1 million, down from $1.7 million, primarily reflecting higher depreciation and net interest expense. Santa Cruz rates taking effect December 1 are expected to add $1.9 million in annual net revenue.
1. Quarterly results and rates
Global Water Resources’ Santa Cruz rates take effect December 1, 2026, and are expected to deliver a $1.9 million net annual revenue increase. Third-quarter net income fell to $1 million from $1.7 million, primarily reflecting higher depreciation and net interest expense. Management plans four rate filings in the first half of 2027, targeting new rates in 2028, and is considering potential annual formula-rate adjustments for smaller utilities. Recovering costs for the Palo Verde Southwest plant remains a priority.
