Global Water Resources Inc

Global Water Resources announced that its recently settled rate case for its largest water utility, GW-Santa Cruz, contemplates net increased revenues of approximately $1.9 million effective November 1, 2026. The company reported second quarter 2026 total revenue of $17.8 million, up 24.8% year over year, while net income was $2.7 million, or $0.10 per diluted share. Total active service connections increased 5.8% to 69,429 as of June 30, 2026. Management noted that higher depreciation and inflationary costs continue to pressure earnings, and it has started working on rate reviews for four additional utilities with filings anticipated in the first half of 2027.

Global Water Resources announced that its subsidiaries GW-Santa Cruz and GW-Ocotillo have filed Designation of Assured Water Supply applications with the Arizona Department of Water Resources. The GW-Santa Cruz application seeks to increase its assured water supply from 22,914 acre-feet to 27,466 acre-feet, a roughly 20% increase, which the company estimates would support growth in and around the City of Maricopa to approximately 177,000 residents. The GW-Ocotillo application requests an assured water supply of 1,128 acre-feet for its systems serving around 2,000 connections in Pima County. Decisions on both applications are anticipated by the fourth quarter of 2027.