The strong EPS beat and revenue growth should drive positive momentum. Monitor the GW-Santa Cruz rate case decision expected in Q4 2026, which could add $1.9M in annual revenue. The non-recurring ICFA revenue ($2.1M) will not repeat, so focus on regulated revenue growth trajectory and organic connection trends for sustainable valuation.
Price Chart
Executive Summary
Global Water Resources reported Q2 2026 revenue of $17.8M (+24.8% YoY) and GAAP EPS of $0.10, beating the $0.03 consensus by $0.07. However, the Street-traded EPS metric (GAAP) was $0.10 vs. consensus of $0.03, a 233% beat. The strong quarter was driven by $2.1M in unregulated ICFA revenue, the Tucson Water acquisition, and organic connection growth of 2.7%. The stock should react positively to the EPS beat and continued growth momentum, though the ICFA revenue is non-recurring.
Key Financial Metrics
Key Facts
- Q2 2026 revenue $17.8M vs. consensus $15.0M (+18.7% beat)
- GAAP EPS $0.10 vs. consensus $0.03 (+233% beat)
- Regulated revenue up 9.9% YoY to $15.7M
- Unregulated ICFA revenue of $2.1M (non-recurring)
- Active connections up 5.8% YoY to 69,429; organic growth 2.7%
- Adjusted EBITDA up 14.6% to $7.9M
- Settlement agreement filed for GW-Santa Cruz rate case; $1.9M net rate increase pending ACC approval
- Declared monthly dividend of $0.02533/share ($0.30396 annualized)
Financial Impact
Revenue beat consensus by $2.8M (18.7%); EPS beat by $0.07 (233%)
Risk Factors
- ICFA revenue of $2.1M is non-recurring, creating a tough comp for Q3 2026
- Depreciation expense up 32.7% YoY due to 2025 capex, pressuring net income
- Rate case outcomes subject to ACC approval; delays could impact revenue
- Interest expense up due to term loan and revolver borrowings
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3344181 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 21, 2026 5w ago | Insider Cluster | $9.36 $8.29 | ▼ −11.43% | ▼ −12.75% | $8.13 (−13.14%) |
Aug 13, 2026 7w ago | Press Release | $8.89 $8.71 | ▼ −2.02% | ▼ −0.28% | $8.13 (−8.55%) |
Jul 31, 2026 9w ago | Press Release | $7.16 $9.13 | ▲ +27.51% | ▲ +24.53% | $8.13 (+13.55%) |
May 29, 2026 18w ago | Press Release | $7.29 $7.25 | ▼ −0.55% | ▲ +1.25% | $8.13 (+11.52%) |
May 22, 2026 18w ago | Insider Cluster | $7.73 $7.07 | ▼ −8.54% | ▼ −6.59% | $8.13 (+5.17%) |
May 22, 2026 18w ago | Insider Cluster | $7.73 $7.07 | ▼ −8.54% | ▼ −6.59% | $8.13 (+5.17%) |
May 18, 2026 19w ago | Press Release | $6.80 $6.85 | ▲ +0.74% | ▼ −0.25% | $8.13 (+19.56%) |
May 13, 2026 20w ago | 8-K | $6.94 $7.01 | ▲ +1.01% | ▲ +1.87% | $8.13 (+17.23%) |
May 4, 2026 21w ago | 8-K | $7.06 $7.38 | ▲ +4.53% | ▼ −1.11% | $8.13 (+15.16%) |
Apr 30, 2026 22w ago | 8-K | $7.11 $7.40 | ▲ +4.08% | ▼ −0.89% | $8.13 (+14.35%) |
US Market Status
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