Global Water Resources reports Q2 2026 revenue growth

Global Water Resources (NASDAQ: GWRS ) released second-quarter financial results and hosted an earnings call on Thursday.

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View the webcast at Summary Global Water Resources, Inc. reported a 24.8% increase in total revenue for Q2 2026, reaching $17.8 million, driven by unregulated revenue, infrastructure agreements, and acquisitions.

The company emphasized the need for new rates to manage inflation and investment expenses, with a rate case settlement expected to yield a revenue increase for GW Santa Cruz later this year.

Operating expenses rose by 14.1% in Q2 2026, primarily due to increased depreciation and maintenance costs, although G&A expenses were controlled.

Global Water Resources added 5.8% more service connections over the year, investing $6.6 million in infrastructure improvements in Q2 2026.

Management highlighted strong growth prospects tied to economic development in the Phoenix area and future rate increases, despite current permit activity slowdown.

Full Transcript OPERATOR Greetings, ladies and gentlemen.

Thank you for standing by.

Welcome to the Global Water Resources, Inc.

2026 second quarter conference call.

At this time, all participants are in a listen-only mode.

Following the presentation, we will conduct a question-and-answer session.

The company will take questions from covering sell-side analysts and institutional investors.

Instructions will be provided at that time for you to queue up for questions.

If anyone has any difficulties hearing the conference, please press star zero for operator assistance at any time.

I would like to remind everyone that this call is being recorded on August 13, 2026, at 1:00 PM Eastern Time.

I would now like to turn the conference over to Kyle Upchurch, Controller.

Please go ahead.

Kyle Upchurch, Controller Thank you, operator, and welcome, everyone.

Thank you for joining us on today's call.

Yesterday we issued our 2026 second quarter financial results by press release, a copy of which is available on our website at gwresources.com.

Speaking today is Ron Fleming, President and Chief Executive Officer; Mike Liebman, Chief Financial Officer; and Chris Krieger, Chief Operating Officer.

Ron will summarize key operational events.

Mike will review the financial results for the second quarter, and Chris will review Arizona Corporation Commission activity.

Ron, Mike, and Chris will be available for questions at the end of the call.

Before we begin, I would like to remind you that certain information presented today may include forward-looking statements.

Such statements reflect the company's current expectations, estimates, projections, and assumptions regarding future events.

These forward-looking statements involve a number of assumptions, risks, uncertainties, estimates, and other factors that could cause actual results to differ materially from those contained in the forward-looking statements.

Accordingly, investors are cautioned not to place undue reliance on any forward-looking statements, which reflect management's views as of the day hereof and are not guarantees of future performance.

For additional information regarding factors that may affect future results, please read the Risk Factors and MD&A sections of our periodic SEC filings.

Additionally, certain non-GAAP measures may be included within today's call.

For a reconciliation of those measures to the comparable GAAP measures, please see the tables included in yesterday's earnings release, which is available on our website.

I will now turn the call over to Ron.