Global Water Resources (GWRS)
NASDAQ:GWRS
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Earnings Data
Report Date
Aug 12, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.03Last Year’s EPS
0.06Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call balanced clear near-term pressures against constructive forward-looking actions. Q1 showed solid top-line growth (revenue +6.7%) and customer connection gains (total connections +5.7%; organic growth in Phoenix MSA), and management secured a regulatory settlement that paves a path to meaningful future rate recovery (including ~ $2.3M for Santa Cruz). Offsetting these positives were significant near-term cost pressures (operating expenses +15.1%, higher depreciation and interest) that produced a GAAP net loss versus prior-year net income, and a delayed Palo Verde rate recovery that defers earnings relief. Adjusted EBITDA stability and planned future rate filings are positive signals, but until rate increases are implemented the company faces continued EPS/headwind from elevated depreciation and interest costs. Overall, the highlights and lowlights appear balanced.Company Guidance
Service Connection Growth
Total active service connections increased 5.7% to 68.9 thousand as of 03/31/2026 year-over-year. Excluding the acquisition of 7 Tucson Water Systems, the company achieved an annualized 1.9% total active service connection growth rate and reported a 2.6% year-over-year organic increase in active connections in the Phoenix MSA.
Revenue Increase
Total revenue for Q1 2026 was $13.3 million, up $0.8 million or 6.7% versus Q1 2025. Revenue growth was driven by the July 2025 acquisition of seven Tucson water systems, organic connection growth, and higher rates at the Farmers utility.
Regulatory Settlement Provides Path to Rate Recovery
Reached unanimous rate case settlement: contemplates approximately $2.3 million of additional water revenue for Santa Cruz and a $0.4 million wastewater revenue decrease for Palo Verde (as an extension of an existing temporary bill credit). Settlement estimated effective date is November 1, 2026, providing a clearer path to material rate recovery for Santa Cruz and a defined timeline to refile Palo Verde in 2027 for 2028 rates.
Stable Adjusted EBITDA
EBITDA remained consistent at $5.6 million in Q1 2026 and Q1 2025, indicating stability in adjusted operating cash performance despite GAAP earnings pressure.
Capital Investment in Infrastructure
Invested $6.3 million into infrastructure improvements and existing utilities in 2026 to support safe and reliable service; prior near-record 2025 capital investments (including recommissioning the Southwest plant) increase rate base and are positioned to drive future earnings once recovered in rates.
Expense and Investment Management Actions
Management has reduced the pace of current capital investments for 2026 to control expenses while planning multiple upcoming rate review filings (Farmers, Saguaro, Ocotillo, Santa Cruz, etc.) to recover prior investments and inflationary costs.
GWRS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GWRS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 13, 2026 | $6.63 | $6.93 | +4.51% |
Mar 04, 2026 | $9.00 | $7.75 | -13.86% |
Nov 12, 2025 | $9.71 | $8.94 | -7.98% |
Aug 13, 2025 | $9.99 | $9.66 | -3.30% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Global Water Resources (GWRS) report earnings?
Global Water Resources (GWRS) is schdueled to report earning on Aug 12, 2026, TBA (Confirmed).
What is Global Water Resources (GWRS) earnings time?
Global Water Resources (GWRS) earnings time is at Aug 12, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GWRS EPS forecast?
GWRS EPS forecast for the fiscal quarter 2026 (Q2) is 0.03.