Global Water Resources (GWRS)
Market Price (4/16/2026): $7.64 | Market Cap: $219.8 MilSector: Utilities | Industry: Water Utilities
Global Water Resources (GWRS)
Market Price (4/16/2026): $7.64Market Cap: $219.8 MilSector: UtilitiesIndustry: Water Utilities
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.0%, Dividend Yield is 3.7% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 36% Low stock price volatilityVol 12M is 32% Megatrend and thematic driversMegatrends include Water Infrastructure, and Sustainable Resource Management. Themes include Water Treatment & Delivery, Wastewater Management, Show more. | Weak multi-year price returns2Y Excs Rtn is -70%, 3Y Excs Rtn is -104% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 61% Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 75x Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -85% Key risksGWRS key risks include [1] unfavorable rate case outcomes with Arizona regulators, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.0%, Dividend Yield is 3.7% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 36% |
| Low stock price volatilityVol 12M is 32% |
| Megatrend and thematic driversMegatrends include Water Infrastructure, and Sustainable Resource Management. Themes include Water Treatment & Delivery, Wastewater Management, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -70%, 3Y Excs Rtn is -104% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 61% |
| Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 75x |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -85% |
| Key risksGWRS key risks include [1] unfavorable rate case outcomes with Arizona regulators, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Global Water Resources missed Q4 2025 earnings and revenue estimates. The company reported an EPS of -$0.01 for Q4 2025, significantly missing analysts' consensus estimates of $0.04 by $0.05, marking a 125.00% negative earnings surprise. Quarterly revenue also fell short, coming in at $13.54 million against a consensus estimate of $13.73 million.
2. Net income substantially decreased, and operating expenses rose in 2025. Global Water Resources' net income for 2025 declined by $2.8 million, or 48.9% year-over-year, to $3.0 million ($0.11 per share). This was largely due to a 12.2% increase in operating expenses, which reached $48.6 million in 2025 compared to $43.3 million in 2024. The company also recognized a $1.3 million loss on asset disposals stemming from the recommissioning of its Southwest Plant.
Show more
Stock Movement Drivers
Fundamental Drivers
The -8.1% change in GWRS stock from 12/31/2025 to 4/15/2026 was primarily driven by a -32.6% change in the company's Net Income Margin (%).| (LTM values as of) | 12312025 | 4152026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.37 | 7.69 | -8.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 55 | 56 | 0.5% |
| Net Income Margin (%) | 7.9% | 5.3% | -32.6% |
| P/E Multiple | 52.7 | 74.9 | 42.0% |
| Shares Outstanding (Mil) | 27 | 29 | -4.5% |
| Cumulative Contribution | -8.1% |
Market Drivers
12/31/2025 to 4/15/2026| Return | Correlation | |
|---|---|---|
| GWRS | -8.1% | |
| Market (SPY) | -5.4% | 16.2% |
| Sector (XLU) | 7.8% | 33.8% |
Fundamental Drivers
The -24.0% change in GWRS stock from 9/30/2025 to 4/15/2026 was primarily driven by a -48.3% change in the company's Net Income Margin (%).| (LTM values as of) | 9302025 | 4152026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.13 | 7.69 | -24.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 54 | 56 | 2.7% |
| Net Income Margin (%) | 10.3% | 5.3% | -48.3% |
| P/E Multiple | 49.9 | 74.9 | 50.0% |
| Shares Outstanding (Mil) | 27 | 29 | -4.6% |
| Cumulative Contribution | -24.0% |
Market Drivers
9/30/2025 to 4/15/2026| Return | Correlation | |
|---|---|---|
| GWRS | -24.0% | |
| Market (SPY) | -2.9% | 25.1% |
| Sector (XLU) | 6.3% | 28.8% |
Fundamental Drivers
The -23.0% change in GWRS stock from 3/31/2025 to 4/15/2026 was primarily driven by a -51.7% change in the company's Net Income Margin (%).| (LTM values as of) | 3312025 | 4152026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.99 | 7.69 | -23.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 53 | 56 | 5.8% |
| Net Income Margin (%) | 11.0% | 5.3% | -51.7% |
| P/E Multiple | 41.8 | 74.9 | 79.1% |
| Shares Outstanding (Mil) | 24 | 29 | -15.8% |
| Cumulative Contribution | -23.0% |
Market Drivers
3/31/2025 to 4/15/2026| Return | Correlation | |
|---|---|---|
| GWRS | -23.0% | |
| Market (SPY) | 16.3% | 29.4% |
| Sector (XLU) | 19.2% | 31.9% |
Fundamental Drivers
The -32.8% change in GWRS stock from 3/31/2023 to 4/15/2026 was primarily driven by a -56.9% change in the company's Net Income Margin (%).| (LTM values as of) | 3312023 | 4152026 | Change |
|---|---|---|---|
| Stock Price ($) | 11.46 | 7.69 | -32.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 45 | 56 | 24.7% |
| Net Income Margin (%) | 12.3% | 5.3% | -56.9% |
| P/E Multiple | 49.7 | 74.9 | 50.7% |
| Shares Outstanding (Mil) | 24 | 29 | -17.0% |
| Cumulative Contribution | -32.8% |
Market Drivers
3/31/2023 to 4/15/2026| Return | Correlation | |
|---|---|---|
| GWRS | -32.8% | |
| Market (SPY) | 63.3% | 26.6% |
| Sector (XLU) | 48.0% | 27.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| GWRS Return | 21% | -21% | 1% | -10% | -24% | -8% | -39% |
| Peers Return | 35% | -17% | -14% | -7% | 2% | 4% | -4% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 2% | 85% |
Monthly Win Rates [3] | |||||||
| GWRS Win Rate | 67% | 58% | 58% | 33% | 50% | 75% | |
| Peers Win Rate | 68% | 45% | 45% | 45% | 45% | 70% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| GWRS Max Drawdown | 0% | -35% | -28% | -11% | -26% | -15% | |
| Peers Max Drawdown | -9% | -31% | -23% | -17% | -7% | -3% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: AWK, WTRG, AWR, CWT, MSEX.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/15/2026 (YTD)
How Low Can It Go
| Event | GWRS | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -53.9% | -25.4% |
| % Gain to Breakeven | 117.0% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -33.0% | -33.9% |
| % Gain to Breakeven | 49.3% | 51.3% |
| Time to Breakeven | 260 days | 148 days |
| 2018 Correction | ||
| % Loss | -20.7% | -19.8% |
| % Gain to Breakeven | 26.2% | 24.7% |
| Time to Breakeven | 160 days | 120 days |
Compare to AWK, WTRG, AWR, CWT, MSEX
In The Past
Global Water Resources's stock fell -53.9% during the 2022 Inflation Shock from a high on 9/3/2021. A -53.9% loss requires a 117.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Global Water Resources (GWRS)
AI Analysis | Feedback
- American Water Works (AWK) for the Phoenix metropolitan area.
- Like a local electric utility such as PG&E (PCG) or Con Edison (ED) but for water and wastewater services.
AI Analysis | Feedback
- Water Utility Services: Provides regulated drinking water to residential and commercial customers.
- Wastewater Utility Services: Collects and treats wastewater from customers.
- Recycled Water Utility Services: Delivers treated wastewater for non-potable uses such as irrigation.
AI Analysis | Feedback
Global Water Resources (GWRS) primarily sells its water, wastewater, and recycled water utility services directly to end-users rather than to other companies as major customers. Based on the company's description, it serves approximately 74,048 people in approximately 27,630 homes.
The categories of customers that Global Water Resources serves include:
- Residential Customers: These are individual households and families living in single-family homes, apartments, and other residential dwellings that utilize the company's water, wastewater, and recycled water services for daily living.
- Commercial Customers: This category includes businesses, retail establishments, offices, and other non-residential entities that require water and wastewater services for their operations within the metropolitan Phoenix area.
- Institutional/Governmental Customers: Global Water Resources may also serve various public and private institutions such as schools, hospitals, municipal buildings, and other governmental facilities that fall within its service territories.
AI Analysis | Feedback
nullAI Analysis | Feedback
Ron L. Fleming Chairman, President & CEO
Mr. Fleming has served as President and Chief Executive Officer of Global Water Resources since January 2015 and was appointed Chairman of the Board of Directors in November 2018. He joined Global Water in 2004 and, from 2007 to 2014, served in various roles including Interim Chief Executive Officer, Chief Operating Officer, and Vice President and General Manager. Prior to joining Global Water, Mr. Fleming worked in the construction industry on numerous large-scale heavy civil infrastructure projects throughout Arizona.
Mike Liebman Senior Vice President & CFO
Mr. Liebman has served as Senior Vice President, Chief Financial Officer, and Corporate Secretary of Global Water Resources since May 2014. Before joining Global Water, he was a Senior Director at Alvarez and Marsal, a turnaround and restructuring firm, from 2002 to 2014. While at Alvarez and Marsal, Mr. Liebman provided strategic planning and interim management services to companies across various industries, including homebuilding, retail, rental/leasing, and manufacturing. During his tenure, he successfully negotiated the restructuring of over $3 billion in capital and raised $750 million of new capital for clients. He is a Certified Public Accountant and a Certified Insolvency and Restructuring Advisor.
Christopher Krygier Chief Operating Officer
Mr. Krygier serves as Chief Operating Officer for Global Water. He brings over 15 years of experience in operations management, regulatory strategy, and capital deployment for large projects and transactions, along with multi-state experience and industry knowledge. Mr. Krygier previously served as director of operations for a water and wastewater utility division of an investor-owned, publicly-traded, multi-national renewable energy and regulated utility conglomerate.
Robert J. Kuta Executive Vice President, Engineering & Environmental Resources
Mr. Kuta is the Executive Vice President of Engineering and Environmental Resources for Global Water Resources, Inc., where he is responsible for the planning and directing of all aspects of the Company's engineering and construction functions as well as direct oversight of environmental compliance activities. An experienced water utility executive, he previously served in a C-level position at the 3rd largest investor-owned water utility in the United States and began his career in the water industry as a field operator in Arizona.
Jon Corwin Vice President and General Manager
Mr. Corwin has served as the General Manager of Global Water Resources since September 2013, having previously held roles as the Maricopa-Casa Grande Regional Manager and the Operations Program Manager. He joined Global Water in 2011 after serving eight years as a Civil Engineering Officer in the United States Air Force, where his primary duties included managing infrastructure construction and maintenance at multiple Air Force bases.
AI Analysis | Feedback
Key Risks to Global Water Resources (GWRS)
- Regulatory Environment and Rate Case Delays: Global Water Resources operates in a highly regulated industry, primarily overseen by the Arizona Corporation Commission (ACC) and various environmental agencies. Significant risks include changes in regulations, such as new water quality standards (e.g., PFAS and lead-and-copper), and delays or unfavorable outcomes in rate case approvals. These regulatory factors can directly impact the company's ability to increase revenue, manage costs, and execute expansion plans, leading to regulatory lag where investments are made but recovery through rates is delayed.
- Increasing Operating Expenses and Margin Compression: The company faces persistent challenges from rising operating expenses, including personnel, utility, depreciation, and interest costs. Despite revenue growth, these escalating expenses, often associated with capital improvement programs and strategic acquisitions, have led to a decrease in net income and thinner profit margins. This margin compression indicates that a larger portion of new revenue is being absorbed by costs rather than contributing to the bottom line.
- Water Supply Constraints and Climate Variability: Operating predominantly in arid regions of Arizona, Global Water Resources is significantly exposed to risks related to water supply limitations, climate change, and drought-related policy changes. Insufficient water supply or wastewater capacity could impede customer growth and necessitate increased capital expenditures for water resource management solutions, thereby impacting long-term growth and operational costs.
AI Analysis | Feedback
nullAI Analysis | Feedback
Global Water Resources (GWRS) operates regulated water, wastewater, and recycled water utilities primarily in metropolitan Phoenix, Arizona. Based on available market data for these services in Arizona, the addressable market sizes are as follows:
- Regulated Water Utilities: The market size for the Water Supply & Irrigation Systems industry in Arizona is projected to be $4.0 billion in 2026. This market includes operations for water-treatment plants, pumping stations, aqueducts, and water-distribution mains.
- Wastewater Utilities: The market size for the Sewage Treatment Facilities industry in Arizona is projected to be $666.6 million in 2026.
- Recycled Water Utilities: null
AI Analysis | Feedback
Global Water Resources (NASDAQ: GWRS) is poised for future revenue growth over the next 2-3 years, driven by several key factors:
- Organic Customer Connection Growth: The company anticipates continued growth in active water and wastewater connections, fueled by the ongoing population and economic expansion within its service areas in metropolitan Phoenix and Tucson, Arizona. In 2025, Global Water Resources achieved a 3.2% organic connection growth rate, excluding acquisitions.
- Strategic Acquisitions: Global Water Resources actively pursues strategic acquisitions of water and wastewater systems. The acquisition of seven water systems from Tucson Water in July 2025 significantly contributed to 2025 revenue and is projected to generate approximately $1.5 million in annual revenue. This strategy aims to expand its rate base and achieve economies of scale.
- Approved Rate Increases and Pending Rate Cases: As a regulated utility, revenue growth is significantly influenced by rate adjustments approved by the Arizona Corporation Commission (ACC). The company secured $1.1 million in new revenues for its Farmers utility and the recently acquired Tucson water systems. Additionally, a critical rate case is pending for its two largest utilities, Santa Cruz Water Company and Palo Verde Utilities Company, seeking an annual revenue increase of approximately $4.3 million, with a hearing scheduled for August 2026.
- Increased Water Consumption: Growth in the customer base, combined with higher per-customer usage, contributes to increased water consumption, which directly translates into higher revenue.
- Residential and Commercial Development in Service Areas: The company benefits from robust residential and commercial development in its service territories. Management has expressed confidence in Arizona's long-term economic and population growth. Initiatives like Arizona's new 'Ag-to-Urban' program and infrastructure projects such as the fully funded Highway 347 expansion in Maricopa are expected to drive further development and demand for water services in the company's operational regions.
AI Analysis | Feedback
Share Issuance
- In 2025, Global Water Resources' capital program was partially funded by $44.1 million of equity issuance.
- The company reported a $32 million equity raise in or around Q1 2025, contributing to $51.5 million in liquidity.
Inbound Investments
- On December 10, 2025, Global Water Resources secured a $15 million term loan at a fixed interest rate of 5.49%.
- In Q2 2025, the company extended its revolving credit facility's maturity date to May 18, 2027, and increased the principal available for borrowing from $15 million to $20 million.
Outbound Investments
- In July 2025, the company acquired seven water systems from Tucson Water for approximately $7.7 million, anticipated to generate an additional $1.5 million in annual revenue.
- In early 2022, Global Water Resources completed two small water utility "tuck-in" acquisitions to expand its regional footprint.
Capital Expenditures
- Global Water Resources invested $67.3 million in infrastructure projects in 2025, marking a near-record year for capital investments.
- A significant portion of the 2025 capital investments were directed towards post-test year projects in Santa Cruz Water Company and Palo Verde Utilities Company, their two largest utilities in Pinal County.
- The company's 2025 capital improvement plan led to increased depreciation, net interest expense, and a $1.3 million loss on asset disposals primarily associated with the recommissioning of the Southwest Plant.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Global Water Resources Earnings Notes | 12/16/2025 | |
| How Low Can Global Water Resources Stock Really Go? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to GWRS.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 03312026 | SRE | Sempra | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 12122025 | CTRI | Centuri | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 9.9% | 9.9% | -5.5% |
| 11212025 | PEG | Public Service Enterprise | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 1.2% | 1.2% | -4.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 47.64 |
| Mkt Cap | 2.8 |
| Rev LTM | 829 |
| Op Inc LTM | 191 |
| FCF LTM | -131 |
| FCF 3Y Avg | -120 |
| CFO LTM | 266 |
| CFO 3Y Avg | 218 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.8% |
| Rev Chg 3Y Avg | 7.4% |
| Rev Chg Q | 4.0% |
| QoQ Delta Rev Chg LTM | 1.0% |
| Op Mgn LTM | 29.4% |
| Op Mgn 3Y Avg | 29.0% |
| QoQ Delta Op Mgn LTM | -0.7% |
| CFO/Rev LTM | 35.5% |
| CFO/Rev 3Y Avg | 36.3% |
| FCF/Rev LTM | -19.4% |
| FCF/Rev 3Y Avg | -19.4% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 2.8 |
| P/S | 4.4 |
| P/EBIT | 13.1 |
| P/E | 22.1 |
| P/CFO | 11.7 |
| Total Yield | 7.1% |
| Dividend Yield | 2.7% |
| FCF Yield 3Y Avg | -4.0% |
| D/E | 0.6 |
| Net D/E | 0.6 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -1.8% |
| 3M Rtn | -1.7% |
| 6M Rtn | -6.5% |
| 12M Rtn | -9.3% |
| 3Y Rtn | -15.1% |
| 1M Excs Rtn | -6.6% |
| 3M Excs Rtn | -1.2% |
| 6M Excs Rtn | -9.3% |
| 12M Excs Rtn | -39.6% |
| 3Y Excs Rtn | -87.6% |
Price Behavior
| Market Price | $7.69 | |
| Market Cap ($ Bil) | 0.2 | |
| First Trading Date | 04/28/2016 | |
| Distance from 52W High | -28.8% | |
| 50 Days | 200 Days | |
| DMA Price | $8.16 | $9.09 |
| DMA Trend | down | down |
| Distance from DMA | -5.7% | -15.3% |
| 3M | 1YR | |
| Volatility | 38.5% | 31.9% |
| Downside Capture | 0.32 | 0.58 |
| Upside Capture | 0.45 | 51.36 |
| Correlation (SPY) | 14.9% | 30.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.48 | 0.37 | 0.50 | 0.74 | 0.50 | 0.55 |
| Up Beta | 0.08 | 0.36 | 0.47 | 0.68 | 0.27 | 0.45 |
| Down Beta | -0.31 | 0.22 | 0.53 | 1.09 | 0.55 | 0.62 |
| Up Capture | -56% | -6% | 20% | 15% | 36% | 16% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 8 | 21 | 31 | 64 | 126 | 361 |
| Down Capture | 167% | 85% | 77% | 96% | 97% | 89% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 14 | 20 | 30 | 58 | 118 | 374 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GWRS | |
|---|---|---|---|---|
| GWRS | -22.0% | 31.9% | -0.74 | - |
| Sector ETF (XLU) | 23.3% | 14.2% | 1.25 | 32.3% |
| Equity (SPY) | 22.0% | 12.9% | 1.36 | 31.2% |
| Gold (GLD) | 49.0% | 27.5% | 1.44 | 11.5% |
| Commodities (DBC) | 25.0% | 16.1% | 1.38 | -4.5% |
| Real Estate (VNQ) | 17.3% | 13.7% | 0.92 | 40.3% |
| Bitcoin (BTCUSD) | -10.4% | 42.6% | -0.14 | 18.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GWRS | |
|---|---|---|---|---|
| GWRS | -12.4% | 32.0% | -0.36 | - |
| Sector ETF (XLU) | 10.4% | 17.2% | 0.46 | 30.1% |
| Equity (SPY) | 10.9% | 17.0% | 0.50 | 31.9% |
| Gold (GLD) | 21.9% | 17.8% | 1.01 | 12.2% |
| Commodities (DBC) | 11.5% | 18.8% | 0.50 | 4.9% |
| Real Estate (VNQ) | 4.0% | 18.8% | 0.12 | 35.3% |
| Bitcoin (BTCUSD) | 5.1% | 56.5% | 0.31 | 19.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GWRS | |
|---|---|---|---|---|
| GWRS | 4.8% | 33.7% | 0.23 | - |
| Sector ETF (XLU) | 10.0% | 19.2% | 0.45 | 34.7% |
| Equity (SPY) | 13.8% | 17.9% | 0.67 | 39.7% |
| Gold (GLD) | 14.3% | 15.9% | 0.75 | 8.8% |
| Commodities (DBC) | 8.7% | 17.6% | 0.41 | 11.1% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.22 | 41.1% |
| Bitcoin (BTCUSD) | 67.8% | 66.9% | 1.07 | 15.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 3/4/2026 | -13.9% | -17.2% | -13.5% |
| 8/13/2025 | -3.3% | -5.4% | -3.8% |
| 3/6/2025 | -0.7% | -3.2% | -15.7% |
| 8/8/2024 | -2.0% | -2.1% | 3.3% |
| 11/9/2023 | 1.1% | 7.9% | 17.0% |
| 8/10/2023 | -3.4% | -10.9% | -11.5% |
| 3/9/2023 | -2.2% | 1.2% | -0.4% |
| 11/10/2022 | 5.3% | 3.9% | 12.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 7 | 7 | 8 |
| # Negative | 8 | 8 | 7 |
| Median Positive | 1.1% | 3.9% | 9.5% |
| Median Negative | -2.2% | -3.0% | -7.2% |
| Max Positive | 5.3% | 11.3% | 32.7% |
| Max Negative | -13.9% | -17.2% | -15.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 03/04/2026 | 10-K |
| 09/30/2025 | 11/12/2025 | 10-Q |
| 06/30/2025 | 08/13/2025 | 10-Q |
| 03/31/2025 | 05/14/2025 | 10-Q |
| 12/31/2024 | 03/05/2025 | 10-K |
| 09/30/2024 | 11/06/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 03/07/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/10/2023 | 10-Q |
| 03/31/2023 | 05/03/2023 | 10-Q |
| 12/31/2022 | 03/09/2023 | 10-K |
| 09/30/2022 | 11/10/2022 | 10-Q |
| 06/30/2022 | 08/10/2022 | 10-Q |
| 03/31/2022 | 05/04/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q4 2025 Earnings Reported 3/4/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Net Annual Revenue Increase | 4.30 Mil | -33.8% | Lowered | Guidance: 6.50 Mil for 2026 | |||
Prior: Q2 2025 Earnings Reported 8/13/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Annual Revenue Increase (GW-Farmers) | 1.10 Mil | 0 | Affirmed | Guidance: 1.10 Mil for 2025 | |||
| 2025 Annual Revenue (Tucson Water Acquisition) | 1.50 Mil | Higher New | |||||
| 2026 Additional Net Annual Revenue (GW-Santa Cruz and GW-Palo Verde) | 6.50 Mil | Higher New | |||||
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Cohn, Andrew M | Direct | Buy | 10072025 | 10.30 | 154,026 | 1,586,468 | 26,171,357 | Form | |
| 2 | Levine, Jonathan L | Levine Investments Limited Partnership | Buy | 10072025 | 10.30 | 728,197 | 7,500,429 | 124,919,657 | Form | |
| 3 | Cohn, Andrew M | Direct | Buy | 3312025 | 10.00 | 252,000 | 2,520,000 | 23,798,990 | Form | |
| 4 | Levine, Jonathan L | Levine Investments Limited Partnership | Buy | 3312025 | 10.00 | 1,187,200 | 11,872,000 | 113,984,910 | Form | |
| 5 | Cohn, Andrew M | Direct | Buy | 3132026 | 7.20 | 18,305 | 131,796 | 18,439,088 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.