Global Water Resources, Inc.

Global Water Resources, Inc. (NASDAQ: GWRI) is a water resource management company that owns, operates, and manages thirty-nine water, wastewater, and recycled water public utility systems serving strategically located communities principally in metropolitan Phoenix and Tucson, Arizona. The company provides comprehensive utility services to more than 121,000 people across approximately 40,000 homes within 418 square miles of Arizona Corporation Commission-designated service areas.

The company's core business centers on regulated utility operations, with revenue derived entirely from water and wastewater service provision as of the most recent fiscal year. As of December 31, 2025, Global Water Resources operated 68,577 active service connections across its utility portfolio. The company's largest operations are concentrated in Pinal County through its GW-Santa Cruz and GW-Palo Verde utilities, which collectively account for approximately 87.3 percent of active service connections. GW-Santa Cruz represented 40.2 percent of total revenue while GW-Palo Verde represented 48.7 percent. Additional utilities operate in Maricopa County through GW-Hassayampa, GW-Belmont, and GW-Turner, and in Pima County through GW-Saguaro, GW-Farmers, and GW-Ocotillo.

The company distinguishes itself through its proprietary "Total Water Management" approach, an integrated framework that maximizes recycled water utilization, reduces demand on scarce non-renewable water sources, and employs advanced technology including automated meter infrastructure and supervisory control systems. This demand-side management strategy leverages regional planning, recycled water distribution through purple pipe infrastructure, and public-private partnerships with municipalities including the City of Maricopa, City of Casa Grande, City of Coolidge, and Town of Sahuarita.

Global Water Resources pursues a growth strategy focused on acquiring or forming utilities in high-growth, water-scarce regions of the arid western United States, expanding service areas geographically, and deploying its Total Water Management approach. The company holds six Clean Water Act Section 208 Regional Water Quality Management Plans covering more than 500 square miles and maintains Designations of Assured Water Supply permitting approximately 22,900 acre-feet of annual water use in its primary Maricopa and Casa Grande service regions. Operations are subject to extensive regulation by the Arizona Corporation Commission, which oversees rate-setting, service areas, and utility operations.