Global Water (GWRS) Reports Q3 2026 Revenue Growth Amid Declining Net Income
Global Water (GWRS) reported third-quarter revenue of $16.3 million, a 5% increase driven by higher consumption and rate adjustments in the GW-Farmers and GW-Ocotillo utilities. Despite top-line growth and an increase in active service connections to 69,797, net income fell 41.5% year-over-year to $1.0 million. This decline was primarily attributed to rising depreciation from recent capital investments and increased interest expenses related to new debt. Operating expenses rose by 10.4%, pressured by higher utility, chemical, and medical insurance costs. While the company faces headwinds from declining building permits in the Phoenix MSA, it expects a boost from the GW-Santa Cruz rate award, which is projected to add $2.3 million in annual revenue starting December 2026. Adjusted EBITDA remained stable at $7.8 million.
Tickers: $GWRS
Topics: Infrastructure Investment Net Income Decrease Operating Expenses Revenue Growth