Global Water Resources, Inc.
For the period ended Sep 30, 2026. Filed Nov 3, 2026.
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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.
Sep 30, 2026 · Filed Nov 3, 2026
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15. Business Segment Information
- Business Segment Information
As of September 30, 2026, the Company is organized and operated asone operating and reportable segment, as the Company is not organized around specific products and services, geographic regions, or regulatory environments. Further, the Company currently operates solely within the state of Arizona. Operating revenue is substantially derived from regulated water, wastewater, and recycled water service provided to customers based upon tariff rates approved by the ACC. Refer to Note 4 — “Revenue Recognition” for additional information on the Company’s sources of revenue, and refer to the Condensed Consolidated Financial Statements (unaudited) for measures of profit and loss, total assets, and capital expenditures of the Company.
The Company’s CODM is the Chief Executive Officer. While the Company reports revenue disaggregated by service type on the face of its Condensed Consolidated Financial Statements (unaudited), the Company does not manage the business based on any performance measure at the individual revenue stream level. The CODM uses consolidated financial information, as outlined below, to evaluate performance against budget and peers and to make all significant decisions regarding the allocation of the Company’s resources, and communicate results and performance to the Company’s board of directors.
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The CODM regularly reviews the results of the Company based on GAAP net income as well as non-GAAP measures, EBITDA and Adjusted EBITDA. The CODM uses GAAP net income in the assessment of performance and to make strategic decisions regarding resource allocation predominantly in the annual budget.
The CODM reviews the following significant expense categories:
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| (in thousands) | 2026 | 2025 | 2026 | 2025 |
| Segment Revenue | $16,301 | $15,519 | $47,354 | $42,217 |
| Segment Expenses | ||||
| Personnel costs - operations and maintenance | 1,563 | 1,436 | 4,584 | 4,132 |
| Utilities, chemicals and repairs | 1,617 | 1,229 | 4,177 | 3,444 |
| Other operations and maintenance expenses | 1,307 | 1,458 | 4,465 | 4,151 |
| Personnel costs - general and administrative | 2,221 | 2,470 | 6,632 | 6,901 |
| Professional fees | 411 | 525 | 1,155 | 1,433 |
| Other general and administrative expenses | 2,155 | 1,924 | 5,757 | 5,159 |
| Depreciation, amortization and accretion | 4,634 | 3,555 | 13,296 | 10,200 |
| Other Income (Expense) | ||||
| Buckeye growth premiums | 525 | 615 | 1,620 | 1,848 |
| Other segment income and expenses | (1,550) | (1,180) | (4,287) | (3,285) |
| Income tax expense | (363) | (640) | (1,235) | (1,440) |
| Net Income | $1,005 | $1,717 | $3,386 | $3,920 |
Other operations and maintenance and other general and administrative expenses include contract services, business development, board compensation, rent, insurance and taxes other than income taxes. Other segment income expenses include interest income, interest expense and AFUDC.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.