Skip to main content

Global Water Resources, Inc.

For the period ended Jun 30, 2026. Filed Aug 13, 2026.

View on SEC.gov

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2026 · Filed Aug 13, 2026

GWRS$7.28-4.2%Stored close · as of Nov 6, 2026
See the whole filing, with its images and exhibits

Cover page

Show cover page

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 10-Q

(Mark One)

xQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2026

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _______________ to _______________

Commission File Number:001-37756

Global Water Resources, Inc.

(Exact Name of Registrant as Specified in its Charter)

Delaware90-0632193
(State or other jurisdiction ofincorporation or organization) · (I.R.S. EmployerIdentification No.)
Phoenix,Arizona85027
(Address of principal executive offices) · (Zip Code)

Registrant’s telephone number, including area code: (480)360-7775

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading SymbolName of each exchange on which registered
Common Stock, par value $0.01 per shareGWRSThe NASDAQ Stock Market, LLC

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. x Yes ☐ No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). x Yes ☐ No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☐Accelerated filer☐
Non-accelerated filerxSmaller reporting companyx
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). ☐ Yesx No

As of August 7, 2026, the registrant had 28,795,352 shares of common stock, $0.01 par value per share, outstanding.

-1-

TABLE OF CONTENTS

PART I. FINANCIAL INFORMATION5
ITEM 1. Financial Statements (Unaudited)5
Condensed Consolidated Balance Sheets (unaudited)5
Condensed Consolidated Statements of Operations (unaudited)6
Condensed Consolidated Statements of Shareholders’ Equity (unaudited)7
Condensed Consolidated Statements of Cash Flows (unaudited)8
Notes to the Condensed Consolidated Financial Statements (unaudited)9
ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations20
ITEM 3. Qualitative and Quantitative Disclosures About Market Risk35
ITEM 4. Controls and Procedures35
PART II. OTHER INFORMATION36
ITEM 1. Legal Proceedings36
ITEM 1A. Risk Factors36
ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds36
ITEM 3. Defaults Upon Senior Securities36
ITEM 4. Mine Safety Disclosures36
ITEM 5. Other Information36
ITEM 6. Exhibits37
Signatures38

-2-

DEFINED TERMS

The following is a list of frequently used abbreviations or acronyms that are found in this report:

The Company’s Utilities
GW-Santa CruzGlobal Water - Santa Cruz Water Company, Inc.
GW-Palo VerdeGlobal Water - Palo Verde Utilities Company, Inc.
GW-FarmersGlobal Water - Farmers Water Company, Inc.
GW-HassayampaGlobal Water - Hassayampa Utilities Company, Inc.
GW-BelmontGlobal Water - Belmont Water Company, Inc.
GW-TurnerGlobal Water - Turner Ranches Irrigation, Inc.
GW-SaguaroGlobal Water - Saguaro District Water Company, Inc.
GW-OcotilloGlobal Water - Ocotillo Water Company, Inc.
Abbreviations and Other
ACCArizona Corporation Commission
ADWRArizona Department of Water Resources
AFUDCAllowance for funds utilized during construction
Ag-to-UrbanThe June 2025 Arizona Senate Bill 1611, known as the Arizona Assured Water Supply “Ag-to-Urban” program
AIACAdvances in Aid of Construction
ALJAdministrative Law Judge
AROAsset retirement obligation
ASCAccounting Standards Codification
ASUAccounting Standards Update
CIACContributions in Aid of Construction
CODMChief operating decision maker
Company (we, us, our, GWRI)Global Water Resources, Inc.
CP WaterGlobal Water - CP Water Company, Inc.
DAWSDesignation of Assured Water Supply
EPSEarnings per share
FASBFinancial Accounting Standards Board
GAAPAccounting principles generally accepted in the United States of America
HUFHook-up fee
ICFAInfrastructure coordination and financing agreement
ITInformation technology
Northern TrustThe Northern Trust Company, an Illinois banking corporation
RevolverRevolving credit facility with Northern Trust
RSARestricted stock award
RSURestricted stock unit
RUCOThe Residential Utility Consumer Office, an office representing the interests of residential utility ratepayers
SECSecurities and Exchange Commission
SOFRSecured Overnight Financing Rate
SonoranSonoran Utility Services, Inc.
Southwest PlantAll GW-Palo Verde wastewater and GW-Santa Cruz water infrastructure located in Pinal County, southwest of the City of Maricopa (e.g. mains, tanks, water reclamation facility, wells, etc.)
WIFAWater Infrastructure Finance Authority of Arizona

-3-

Index to Condensed Consolidated Financial Statements (unaudited)

Condensed Consolidated Balance Sheets (unaudited)5
Condensed Consolidated Statements of Operations (unaudited)6
Condensed Consolidated Statements of Shareholders’ Equity (unaudited)7
Condensed Consolidated Statements of Cash Flows (unaudited)8
Notes to the Condensed Consolidated Financial Statements (unaudited)9
1. Basis of Presentation and Recent Accounting Pronouncements9
2. Acquisitions10
3. Regulatory Matters10
4. Revenue Recognition12
5. Earnings Per Share13
6. Prepaid Expenses and Other Current Assets14
7. Equity14
8. Debt14
9. Accrued Expenses and Other Current Liabilities15
10. Fair Value15
11. Income Taxes16
12. Share-based Compensation16
13. Transactions With Related Parties16
14. Commitments and Contingencies16
15. Business Segment Information17
16. Other, Net18
17. Supplemental Cash Flow Information19

-4-

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.