Financial Performance - Consolidated diluted earnings per share increased by $0.02 to $0.87 in Q2 2025, compared to $0.85 in Q2 2024 [12, 13] - Year-to-date consolidated diluted earnings per share increased by $0.10 to $1.57 in 2025, compared to $1.47 in 2024 [12, 19] - Total operating revenues increased to $163 million in Q2 2025, compared to $155.3 million in Q2 2024, a $7.7 million increase [14] Segment Performance - Water segment diluted EPS increased by $0.06 to $0.73 in Q2 2025, compared to $0.67 in Q2 2024 [13] - Electric segment diluted EPS increased by $0.02 to $0.03 in Q2 2025, compared to $0.01 in Q2 2024 [13] - Contracted Services diluted EPS decreased by $0.06 to $0.13 in Q2 2025, compared to $0.19 in Q2 2024 [13, 34] Regulatory and Capital Investment - GSWC is authorized to invest $573.1 million in capital infrastructure over a three-year capital cycle [23, 28] - BVES is authorized to invest $75.6 million in capital infrastructure over a four-year rate cycle [24] - Capital expenditures for 2025 are expected to be in the range of $170-$210 million [12, 20] Dividends and Liquidity - The Board of Directors approved an 8.3% increase in the third quarter cash dividend for 2025, from $0.4655 to $0.5040 per share [12, 37] - Operating cash flows were $109.6 million year-to-date in 2025, compared to $70.5 million year-to-date in 2024 [20]

Core Viewpoint - Global Water Resources, Inc. has successfully acquired seven water systems from Tucson Water, enhancing its service area and customer base in Pima County, with an expected annual revenue of approximately $1.5 million from this acquisition [1][2]. Group 1: Acquisition Details - The acquisition was valued at approximately 1.05 times the current rate base of about $7.7 million [1]. - The newly acquired systems serve around 2,200 water service connections, increasing Global Water's total customer base in Pima County to approximately 7,200 [2]. - This acquisition is part of a broader strategy of utility consolidation and expansion in the region, with nearly 5,000 customers added from previous acquisitions over the last five years [2]. Group 2: Integration and Modernization Plans - The company plans to integrate the acquired water systems into its existing operations, leveraging their strategic location for efficient management and maintenance [3]. - Global Water will modernize the systems by installing an automated meter infrastructure (AMI), which includes upgrading to smart meters for wireless usage metering [4][5]. - The AMI deployment is expected to enhance water service quality, promote conservation, and potentially lead to customer savings [6]. Group 3: Rate Strategy - As part of the acquisition, Global Water will adopt Tucson Water's rates for the new systems, with a scheduled five percent rate increase set for July 2026 [7]. - The company is developing a broader rate case strategy for these systems, aiming to implement rate structures that encourage conservation and ensure a reasonable return on capital investments [7]. Group 4: Company Overview - Global Water Resources operates 39 systems providing water, wastewater, and recycled water services, primarily in growth corridors around metropolitan Phoenix and Tucson [8]. - The company has recycled over 1 billion gallons of water annually, totaling 18.1 billion gallons since 2004 [8]. - Global Water has been recognized for its effective Total Water Management (TWM) approach, which integrates water cycle management to maximize the beneficial use of recycled water [9].