Energy Recovery is expected to report Q2 2026 revenue of $18.36 million and a consensus EPS loss of $0.04, with the stock currently trading near $8.91 against an average analyst target of $15.00.
The key story for this quarter is the company's recent strategic pivot to pause its CO2 refrigeration development and reallocate resources into the industrial wastewater segment.
Investors are focused on the execution of the desalination project backlog, which has been impacted by shipment timing and geopolitical risks in the Middle East.
Management’s updates on the new Saudi Arabian manufacturing facility and progress on the $25 million share repurchase program will also be critical for assessing the long-term growth trajectory.