Global Water Resources
Provides regulated water, wastewater, and recycled water service in Arizona growth corridors.
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Profile
Owns and operates regulated water, wastewater, and recycled water utilities in metropolitan Phoenix and Tucson. Revenue comes from tariff-based utility service in one reportable segment, with operations concentrated in Arizona service territories shaped by ACC regulation, CC&N rights, water supply, and rate outcomes.
Provides regulated water, wastewater, and recycled water utility service through local systems in metropolitan Phoenix and Tucson. Operations sit in a single reportable segment, with customer relationships and revenue tied to Arizona Corporation Commission-approved tariff rates.
Runs a Total Water Management model that links potable water delivery, wastewater treatment, recycled-water reuse, conservation-oriented rate design, and regional planning. That integrated model is meant to reduce demand on scarce non-renewable water sources and support service areas in Arizona growth communities.
Growth comes from connections inside existing service territories, service-area expansion, developer and municipal relationships, selected acquisitions, and rate-case outcomes. Existing ACC-designated areas carry exclusive CC&N service rights, while expansion depends on regulatory approvals, assured water supply, environmental permits, and concentration in Maricopa-area territories.
Company facts
Categories
Key statistics
Year to date +8.4% · Average volume (30d) 107.3K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Mar 9, 2026 | Roth Capital | Target | $15 | $12.50 | ||
| Mar 5, 2026 | Freedom Capital Markets | Downgrade | Buy | Hold | ||
| Mar 5, 2026 | Freedom Broker | Downgrade | Buy | Hold | ||
| Dec 4, 2025 | Freedom Broker | Upgrade | Hold | Buy | ||
| Dec 4, 2025 | Freedom Capital Markets | Upgrade | Hold | Buy |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 12, 2026Q2 FY26 | $0.03 | $0.04 | +33.3% | $14.9M | $17.8M | +19.0% | +16.82% |
| May 13, 2026Q1 FY26 | −$0.02 | −$0.01 | +50.0% | $14.1M | $13.3M | −5.7% | +4.50% |
| Mar 4, 2026Q4 FY25 | $0.04 | −$0.01 | −125.0% | $13.7M | $13.5M | −1.4% | −13.86% |
| Nov 12, 2025Q3 FY25 | $0.09 | $0.07 | −22.2% | $13.7M | $15.5M | +13.0% | −7.98% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $12.5M | $14.2M | $15.5M | $13.5M | $13.3M | $17.8M | |
| Gross profit | $8.8M | $7.0M | $11.4M | $9.5M | $4.8M | $13.2M | |
| Operating income | $1.3M | $2.6M | $2.9M | $359.0K | $389.0K | $4.5M | |
| Net income | $591.0K | $1.6M | $1.7M | −$963.0K | −$366.0K | $2.7M | |
| Diluted EPS | $0.02 | $0.06 | $0.06 | −$0.04 | −$0.01 | $0.10 | |
| Gross margin | 70.4% | 49.2% | 73.4% | 70.3% | 36.4% | 74.4% | |
| Operating margin | 10.1% | 18.4% | 18.8% | 2.7% | 2.9% | 25.4% |
Fiscal years (4-quarter sums)FY21 $41.9M · FY22 $44.7M · FY23 $53.0M · FY24 $52.7M · FY25 $55.8M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $1.5M · Total debt $135.9M · Total assets $484.2M · Shareholders' equity $84.8M
Dividends
Raised for 2 straight years — most recently to $0.0253 from $0.0251 in Dec 2024. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 17, 2026 | Aug 17 | Aug 31 | $0.0253 | |
| Jul 17, 2026 | Jul 17 | Jul 31 | $0.0253 | |
| Jun 15, 2026 | Jun 15 | Jun 30 | $0.0253 | |
| May 15, 2026 | May 15 | May 29 | $0.0253 | |
| Apr 16, 2026 | Apr 16 | Apr 30 | $0.0253 | |
| Mar 17, 2026 | Mar 17 | Mar 31 | $0.0253 | |
| Feb 13, 2026 | Feb 13 | Feb 27 | $0.0253 | |
| Jan 16, 2026 | Jan 16 | Jan 30 | $0.0253 |
Ownership
Shares outstanding 28.76M · Float 13.58M · 47.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Levine Jonathan L | 12.83M | 42.90% | 13D | Aug 24, 2026 |
| Andrew M. Cohn · director | 2.70M | 9.39% | Form 4 | Aug 21, 2026 |
| TSP Capital Management Group, LLC | 1.34M | 4.66% | 13F | Jul 31, 2026 |
| BlackRock, Inc. | 661.5K | 2.30% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 601.6K | 2.09% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 20, 2026 | Jonathan L. Levine | director | +651,618 | $8.85 |
| Aug 20, 2026 | Andrew M. Cohn | director | +139,343 | $8.85 |
| May 20, 2026 | Michael J. Liebman | officer: CFO and Corporate Secretary | +7,000 | $6.89 |
| May 20, 2026 | Christopher D. Krygier | officer: Chief Operating Officer | +5,389 | $6.87 |
| May 19, 2026 | John Carroll Lenderking | officer: SVP, Water Resources | +700 | $6.85 |
Peers
- American Water Works
Largest U.S. regulated water/wastewater utility peer
- Essential Utilities
Aqua water/wastewater platform with active acquisition pipeline
- Algonquin Power & Utilities
Liberty platform with Arizona water/wastewater systems
- California Water Service Group
Western regulated water peer expanding through acquisitions
- H2O America
Pure-play water/wastewater utility with national platform ambitions
- American States Water
California water utility and contracted-service operator
- Pure Cycle
Small western water/wastewater and developer-services peer
- Middlesex Water
Smaller regulated water/wastewater peer with tuck-in strategy
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Global Water Resources | $9.13 | −0.11% | $262.6M | 82.9 | 81.9 | 4.4 | +24.8% |
| American Water Works | $134.88 | −2.46% | $27.48B | 23.9 | 22.6 | 5.2 | +6.2% |
| Essential Utilities | $41.25 | +0.39% | $11.66B | 21.0 | 17.8 | 4.5 | +3.1% |
| Algonquin Power & Utilities | $5.73 | +0.97% | $4.36B | 31.2 | 14.6 | 1.7 | +3.1% |
| California Water Service Group | $50.48 | 0.00% | $3.12B | 22.8 | 19.4 | 3.0 | +16.5% |
| H2O America | $63.02 | −0.83% | $2.66B | 22.4 | 23.2 | 3.2 | +6.2% |
| American States Water | $89.88 | +0.01% | $3.52B | 24.6 | 24.2 | 5.1 | +11.2% |
| Pure Cycle | $11.43 | −0.09% | $275.4M | 18.7 | — | 8.2 | +60.0% |
| Middlesex Water | $57.66 | −1.35% | $1.10B | 22.5 | 22.2 | 5.3 | +14.3% |
| Median | 22.6 | 22.2 | 4.8 | +8.7% |