Global Water Resources, Inc. reported a 5.4% increase in total revenue to $14.2 million for the second quarter of 2025. Net income decreased to $1.6 million, primarily due to capital improvement expenses. The company extended its revolving credit facility and declared monthly dividends of $0.02533 per share. Operational highlights include a 3.8% increase in active service connections and a revenue increase from new rates set by the Arizona Corporation Commission. In addition, the company completed the acquisition of seven water systems from Tucson Water. The company’s long-term growth strategy focuses on increasing service connections and improving operating efficiencies.

Financially, revenue for the three months ended June 30, 2025, increased for water and wastewater services. Operating expenses also increased, with higher personnel costs and maintenance expenses. Adjusted EBITDA increased to $6.9 million, while net income decreased to $1.6 million. The company declared a monthly dividend of $0.02533 per common share. In terms of balance sheet, total assets amounted to $449.382 million, with net utility plant at $401.749 million. Cash flows from operating activities totaled $8.827 million for the six months ended June 30, 2025.

A reconciliation of net income to EBITDA and Adjusted EBITDA for the second quarter of 2025 showed EBITDA of $6.826 million, with adjusted EBITDA at $6.935 million. Additionally, a reconciliation of net income to adjusted net income revealed adjusted net income of $1.612 million. The company’s business strategy includes aggregating water and wastewater utilities through acquisitions and focusing on sustainable growth. The company aims to benefit from population and economic growth trends in the Phoenix metropolitan area. Management remains optimistic about future growth opportunities and long-term success.

Read more at GlobeNewswire: Global Water Resources Reports Second Quarter 2025 Results