Global Water Resources Q1 Revenue Up 6.7% to $13.3M, Posts $0.4M Loss; Secures $2.3M Rate Increase
GWRS•Global Water Resources posted Q1 2026 revenue of $13.3 million, up 6.7% on acquisition of seven Tucson water systems. It recorded a $0.4 million loss versus $0.6 million profit as costs climbed, while a rate-case settlement locks in a $2.3 million water-revenue boost in November.
1. Q1 2026 Financial Results
Global Water Resources reported total revenue of $13.3 million for Q1 2026, up 6.7% year-over-year, and recorded a net loss of $0.4 million compared to net income of $0.6 million in Q1 2025.
2. Driving Factors: Acquisitions and Connections Growth
Revenue growth reflected the acquisition of seven water systems from the City of Tucson and a 5.7% increase in active service connections, including a 2.6% organic rise in the Phoenix metropolitan statistical area.
3. Operating Expenses and Rate-Case Settlement
Operating expenses rose 15.1% to $12.9 million due to higher depreciation, maintenance and interest costs. A rate-case settlement secures a $2.3 million water-revenue increase for the Santa Cruz system, effective November 1, 2026, offset by a $0.4 million wastewater revenue reduction at Palo Verde.
