Overview

* Global Water Q3 revenue grows 8.4% yr/yr

* Net income for Q3 decreased due to higher depreciation and interest expenses

* Adjusted EBITDA decreased 5.0% to $7.8 million in the third quarter of 2025

Outlook

* Company expects strong growth from Tucson Water acquisition and organic connection growth

* Global Water anticipates benefits from Arizona's 'Ag-to-Urban' program

* Company is in rate proceedings for GW-Santa Cruz and GW-Palo Verde utilities

Result Drivers

* ACQUISITION IMPACT - Revenue growth driven by acquisition of seven water systems from Tucson Water and higher rates

* CAPITAL IMPROVEMENTS - Increased depreciation and interest expenses from capital improvement plan led to net income decline

* ORGANIC GROWTH - Organic connection growth contributed to revenue increase

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $15.52 $15.10

Revenue mln mln (2

Analysts

)

Q3 EPS $0.06

Q3 Net $1.72

Income mln

Q3 $7.80 $7.80

Adjusted mln mln (1

EBITDA Analyst)

Q3 Basic $0.06

EPS

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* Wall Street's median 12-month price target for Global Water Resources Inc ( GWRS ) is $13.00, about 22.5% above its November 11 closing price of $10.07

* The stock recently traded at 37 times the next 12-month earnings vs. a P/E of 38 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)