Global Water Resources revenue rises 24.8% to $17.8 million

• Global Water Resources (NASDAQ:GWRS) reported Q2 2026 revenue of $17.8 million, up 24.8% year over year, driven by acquisitions, rate increases, and higher water usage.
• Net income increased to $2.7 million, or $0.10 per diluted share, while adjusted EBITDA rose 14.6% to $7.9 million.
• The company continued infrastructure investment and regulatory activity, including a proposed $2.3 million annual revenue increase for GW-Santa Cruz.

Global Water Resources (NASDAQ:GWRS) reported second-quarter 2026 total revenue of $17.8 million, up 24.8% year over year, as higher regulated revenue, acquisitions, and customer growth contributed to results.

The company’s regulated revenue increased 9.9% to $15.7 million, while total revenue growth also reflected $2.1 million in ICFA-related unregulated revenue, a Tucson water system acquisition, organic connection growth, higher consumption, and rate increases.

Active service connections increased 5.8% to 69,429, water consumption rose 6.1%, and the company invested $6.6 million in infrastructure projects during the quarter.

Global Water Resources reported net income of $2.7 million, or $0.10 per diluted share, compared with $1.6 million, or $0.06 per diluted share, in Q2 2025, while adjusted EBITDA increased 14.6% to $7.9 million.

The company operates regulated water, wastewater, and recycled water utilities in Arizona and has expanded through acquisitions and infrastructure investments.

The company also extended its $20 million revolving credit facility to May 2028 and filed a settlement proposing a $2.3 million annual revenue requirement increase for GW-Santa Cruz while withdrawing and refiling the GW-Palo Verde rate case.