Consolidated Water Co. Ltd. (CWCO) Q2 2026 Earnings Call Transcript

SA Transcripts 161.73K Followers Follow Consolidated Water Co. Ltd. ( CWCO ) Q2 2026 Earnings Call August 11, 2026 11:00 AM EDT Company Participants Frederick McTaggart - CEO, President & Director Douglas Vizzini - Executive VP, Chief Accounting Officer & Assistant Company Secretary Conference Call Participants Gerard Sweeney - ROTH Capital Partners, LLC, Research Division Presentation Operator Good morning. Thank you for joining us today to discuss Consolidated Water Company's Second Quarter of 2026 Operating and Financial Results. Hosting the call today is the Chief Executive Officer of Consolidated Water, Rick McTaggart; and the company's Chief Accounting Officer, Doug Vizzini. [Operator Instructions]. I'd like to remind everyone that today's call is being recorded, and it will be made available for telecom replay. Please see the instructions in yesterday's press release that has been posted to the Investor Relations section of the company's website. Now I'd like to turn the call over to Consolidated Water CEO, Rick McTaggart. Sir, please go ahead. Frederick McTaggart CEO, President & Director Thanks, Nick. Good morning, everyone. I appreciate you joining us today. While our consolidated second quarter revenue reflected softness in manufacturing, we were pleased to see growth across our retail, bulk and services segments along with some important developments that support our outlook for the balance of this year and into 2027. Retail revenue increased modestly despite wetter weather, which reduced Grand Cayman water sales volume by 2%. The increase in retail revenue was driven by a base water rate increase for a major non-potable water customer. And this was following the May 2026 expiration of its concessionary water purchase agreement. Our bulk revenue increased 20% and bulk gross profit increased 27%, mainly due to higher energy pass-through charges to our -- by our Bahamas company. Results also benefited from two new Cat Island desalination plants, which are supplying potable water to the Water and Sewage Corporation