Global Water Resources, Inc. (NASDAQ:GWRS) Q2 2025 Earnings Conference August 14, 2025 1:00 PM ET Company Participants Christopher D. Krygier - Chief Operating Officer Kyle Upchurch - Corporate Participant Controller - Corporate Participant Michael J. Liebman - Senior VP, CFO & Corporate Secretary Ron L. Fleming - Chairman, CEO & President Operator Greetings, ladies and gentlemen. Thank you for standing by. Welcome to the Global Water Resources, Inc. 2025 Second Quarter Conference Call. [Operator Instructio ...

Financial Data and Key Metrics Changes - Total revenue for Q2 2025 was $14,200,000, an increase of $700,000 or 5.4% compared to Q2 2024, driven by a 3.8% increase in active service connections, increased consumption, and higher rates [14] - Operating expenses for Q2 2025 were $11,600,000, up $900,000 or 8.5% from Q2 2024, with notable increases in depreciation, personnel costs, and other operating expenses [15] - Net income for Q2 2025 was $1,600,000 or $0.06 per diluted share, compared to $1,700,000 or $0.07 per diluted share in Q2 2024 [16] - Adjusted EBITDA for Q2 2025 was $6,900,000, an increase of approximately $100,000 or 2.1% from Q2 2024 [17] Business Line Data and Key Metrics Changes - Total active service connections increased by 3.8% to 65,639 as of June 30, 2025, with an annualized growth rate of 3.5% [10] - The Tucson acquisition added approximately 2,200 connections and $7,700,000 in rate base, expected to generate around $1,500,000 in annual revenue [6] Market Data and Key Metrics Changes - The single-family dwelling unit market in the Phoenix area saw a 14% decrease in building permits in Q2 2025 compared to 2024, with the City of Maricopa experiencing a 24% decrease [12] - Despite the decrease in permits, population growth in the City of Maricopa was strong, with a 7.4% increase in 2024, indicating potential for future revenue growth [9] Company Strategy and Development Direction - The company aims for long-term value creation through acquisitions, infrastructure investments, and regulatory strategies, with a focus on sustainable growth [6][10] - The recent acquisition of Tucson's water systems is expected to enhance operational efficiency and customer service while expanding the utility portfolio in Pima County [20] - The company is processing rate cases to address cost increases and support future growth, with a proposed $6,500,000 annual rate increase under consideration [13][22] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the mixed economic environment, including high inflation and interest rates, but expressed confidence in the company's growth strategy and operational performance [24] - The company believes that the recent legislative changes in Arizona will drive growth in service areas and improve aquifer sustainability [7] Other Important Information - The company invested $35,400,000 in infrastructure improvements year-to-date, focusing on major utilities in Pinal County [11] - The Highway 347 expansion project is expected to support growth in the City of Maricopa, which is projected to grow nearly 90% by 2040 [8] Q&A Session Summary - The Q&A session did not take place as the call concluded without any questions being addressed [29][30]

Key Takeaways GWRS Q2 EPS of 6 cents matched estimates but fell 14.3% year over year on higher depreciation.Q2 revenues rose 5.4% to $14M, fueled by connection growth, consumption and rate increases.Water consumption grew 8.2% to 1.2B gallons, with active service connections up 3.8% to 65,639.Global Water Resources (GWRS) recorded second-quarter 2025 adjusted earnings of 6 cents per share, which was in line with the Zacks Consensus Estimate. The metric decreased from the year-ago quarter’s figure of 7 cents ...

Global Water Resources, Inc. (GWRS) came out with quarterly earnings of $0.06 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.07 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this company would post earnings of $0.02 per share when it actually produced earnings of $0.02, delivering no surprise.Over the last four quarters, the company has surpassed consensus EPS estimates just once.Global Water Resources, w ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _____________________________________________________________ FORM 10-Q _____________________________________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 Global Water Resources, Inc. (Exact Name of Registrant as Specified in its Charter) ______________________________________________________________ | Delaware | 90 ...

Exhibit 99.1 Q2 2025 Operational Highlights Other Highlights 1 • Total revenue increased 5.4% to $14.2 million, primarily due to organic connection growth, increased consumption and higher rates. • Net income decreased to $1.6 million or $0.06 per share from $1.7 million or $0.07 per share. One of the primary drivers of this decline is due to the company's capital improvement plan, which has resulted in a related increase in depreciation expense. • Adjusted EBITDA, a non-GAAP term, increased 2.1% to $6.9 mi ...

PHOENIX, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ: GWRS), a pure-play water resource management company, reported results for the second quarter ended June 30, 2025. All comparisons are to the same year-ago period unless otherwise noted. The company will hold a conference call at 1:00 p.m. Eastern time tomorrow to discuss the results (see dial-in information below). Q2 2025 Financial Highlights Total revenue increased 5.4% to $14.2 million, primarily due to organic connection g ...

PHOENIX, July 23, 2025 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ: GWRS), a pure-play water resource management company, will hold a conference call on Thursday, August 14, 2025 at 1:00 p.m. Eastern time to discuss results for the second quarter ended June 30, 2025. The financial results will be issued in a press release prior to the call. Global Water Resources management will host the presentation, followed by a question-and-answer period. Date: Thursday, August 14, 2025Time: 1:00 p.m. Easte ...

Group 1 - Global Water Resources (NASDAQ: GWRS) operates as a utility with a P/E ratio of 55x, indicating a high valuation relative to earnings [1] - The company is the only TWM pure-play in Arizona, suggesting a unique market position [1] - There is an expected upside potential of 33% for the company, driven by anticipated intensification in the sector [1]

Core Insights - Global Water Resources, Inc. recognizes Arizona's Assured Water Supply "Ag-to-Urban" program as a transformative development for water sustainability, housing, and economic growth in the state [1] Group 1: Program Overview - The Ag-to-Urban program allows landowners to convert water rights from agricultural to municipal use, facilitating new development while reducing pressure on aquifers [2] - The program is designed to support the conversion of up to 384,000 acres of agricultural land, potentially enabling the construction of over 1 million new homes [5] Group 2: Company Impact - The initiative is expected to significantly benefit Global Water's utilities, GW-Santa Cruz and GW-Palo Verde, which collectively represent over 56,000 active service connections, approximately 87% of the company's total [4] - The program aligns with the company's strategic focus on Total Water Management (TWM), enhancing its ability to serve additional potential service connections [6] Group 3: Water Management and Sustainability - Irrigation for agriculture accounts for about 74% of Arizona's water supply, highlighting the importance of the Ag-to-Urban program in addressing water scarcity [5] - Global Water has been recognized for its effective implementation of TWM, which integrates water, wastewater, and recycled water management to maximize conservation [8]