Company expects continued organic connection growth driven by Arizona's strong economic outlook
Global Water Resources anticipates new rates for GW-Santa Cruz to be effective Nov. 1, 2026, pending approval
Company plans to pursue additional rate review filings for other utilities starting in 2027
Drivers behind revenue growth
Tucson acquisition - Co said revenue growth was driven by the acquisition of seven water systems from Tucson Water
ICFA revenue - Co recognized $2.1 mln in unregulated revenue from infrastructure coordination and financing agreements tied to a new wastewater facility
Higher rates and consumption - Co cited increased water consumption and higher rates, including at GW-Farmers, as contributing to revenue growth
Reported key figures and analyst coverage
Metric
Actual
Q2 Revenue
$17.7 mln
Q2 Net Income
$2.7 mln
Q2 Adjusted EBITDA
$7.9 mln
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the water & related utilities peer group is "buy."
GWRS•
