Operator

Greetings, ladies and gentlemen. Thank you for standing by. Welcome to the Global Water Resources, Inc. 2026 First Quarter Conference Call. [Operator Instructions] I would like to remind everyone that this call is being recorded on May 14, 2026 at 1:00 p.m. Eastern Time.

I would now like to turn the conference over to Kyle Upchurch, Controller. Please go ahead.

Kyle Upchurch
Controller

Thank you, operator, and welcome, everybody. Thank you for joining us on today's call. Yesterday, we issued our 2026 first quarter financial results by press release, a copy of which is available on our website at gwresources.com.

Speaking today is Ron Fleming, President and Chief Executive Officer; Mike Liebman, Chief Financial Officer; and Chris Krygier, Chief Operating Officer. Ron will summarize the key operational events of the quarter, Mike will review the financial results for the first quarter and Chris will review Arizona Corporation Commission activity. Ron, Mike and Chris will be available for questions at the end of the call.

Before we begin, I would like to remind you that certain information presented today may include forward-looking statements. Such statements reflect the company's current expectations, estimates, projections and assumptions regarding future events. These forward-looking statements involve a number of assumptions, risks, uncertainties, estimates and other factors that could cause actual results to differ materially from those contained in the forward-looking statements. Accordingly, investors are cautioned not to place undue reliance on any forward-looking statements, which reflect management's views as of the date hereof and are not guarantees of future performance. For additional information regarding factors that may affect future results, please read the Risk Factors and