Global Water Resources, Inc. (GWRS) Earnings Call Transcripts
Global Water Resources, Inc.'s Latest Earnings Call - Q1 FY2026
In the first quarter of 2026, Global Water Resources, Inc. reported total revenue of $13.3 million, reflecting a 6.7% increase year-over-year, primarily driven by the acquisition of water systems and organic growth. However, the company faced a net loss of $0.4 million or $0.01 per diluted share, compared to a net income of $0.6 million or $0.02 per diluted share in Q1 2025, largely due to increased operating expenses. Management emphasized their commitment to long-term earnings growth and signaled a clearer path to rate increases for their utilities, which could enhance future profitability.
Reported metrics
| Metric | Value |
|---|---|
| Total Revenue | $13.3 million (beat) |
| Operating Expenses | $12.9 million (miss) |
| Net Loss | $0.4 million (miss) |
| EPS | $0.01 loss (miss) |
| Adjusted EBITDA | $5.6 million (inline) |
| Active Service Connections | 68,885 (positive) |
Guidance from management
Management is focused on securing appropriate rate increases and plans to file new rate reviews for multiple utilities in the coming quarters, indicating a proactive approach to enhance future earnings.
What management said
All right. Thank you, operator. We'd just again like to thank everyone for participating on the call and your interest in Global Water. Thanks, and we look forward to speaking with you again.
What analysts pressed on
Analysts expressed concerns regarding the significant increase in operating expenses and the company's ability to maintain profitability amidst rising costs. There were questions about the sustainability of organic growth given the decline in building permits in key markets.
Main topics on the call
- Revenue Growth — Total revenue for Q1 2026 was $13.3 million, up $0.8 million or 6.7% compared to Q1 2025. Management noted that this increase was primarily due to the acquisition of 7 water systems and organic connection growth.
- Increased Operating Expenses — Operating expenses rose 15.1% to $12.9 million, driven by higher depreciation and maintenance costs. CFO Mike Liebman stated, 'The increase was substantially attributable to the additional depreciable fixed assets placed...
- Net Loss — The company reported a net loss of $0.4 million, or $0.01 per diluted share, compared to a net income of $0.6 million, or $0.02 per diluted share in Q1 2025. This shift highlights the impact of rising expenses on profita...
- Rate Case Settlement — Management announced a settlement for a water revenue increase of approximately $2.3 million for GW-Santa Cruz, effective November 1, 2026. This settlement is expected to provide a clearer path to rate recovery, which is...
Read the full Global Water Resources, Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Global Water Resources, Inc.
Global Water Resources, Inc. (GWRS) is a publicly listed company in the Water Utilities industry, within the Utilities sector. It trades on NasdaqGM and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 26 calls on record spanning March 5, 2020 to May 14, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 26 Global Water Resources, Inc. earnings call transcripts on record, spanning March 5, 2020 to May 14, 2026. Based on this history, Global Water Resources, Inc. reports quarterly. The most recent call on file is dated May 14, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- GWRS
- Exchange
- NasdaqGM
- Country
- US
- Sector
- Utilities
- Industry
- Water Utilities
- Calls on record
- 26
- First call
- March 5, 2020
- Most recent
- May 14, 2026
- Reporting cadence
- quarterly