Global Water Stock Price, News & Analysis

Global Water Resources (NASDAQ: GWRS), a pure-play water resource management company, has announced its latest monthly dividend. The company will distribute $0.02533 per common share, which translates to an annual dividend rate of $0.30396 per share.

Shareholders who are recorded as holders at the close of business on May 16, 2025, will receive the dividend payment on May 30, 2025. This regular monthly dividend announcement demonstrates the company's commitment to providing consistent returns to its shareholders.

Global Water Resources (NASDAQ: GWRS) has secured approval from the Arizona Commission for new water rates at its GW-Farmers Water Company utility in Pima County, Arizona. The rate increase is expected to generate approximately $1.1 million in additional annual revenue based on 2023 test-year connections.

The implementation will occur in three phases:

• 50% on May 1, 2025
• 25% on November 1, 2025
• 25% on May 1, 2026

The ACC also approved deferring the recovery of a $3 million acquisition premium related to the GW-Farmers acquisition for a future rate case. GW-Farmers serves 3,494 active water connections across 21.0 square miles in the Town of Sahuarita and surrounding areas, representing 5.4% of Global Water's total active connections.

Global Water Resources (NASDAQ: GWRS), a pure-play water resource management company, has scheduled its first quarter 2025 earnings conference call for Thursday, May 15, 2025, at 1:00 p.m. ET. The company will release its financial results for the quarter ended March 31, 2025, via press release before the call.

Management will host a presentation followed by a Q&A session. Investors can join via toll-free number 1-833-816-1435 or international number 1-412-317-0527 using Conference ID 10199311. A webcast will be available through the company's website. A replay will be accessible until May 29, 2025, using toll-free number 1-844-512-2921 or international number 1-412-317-6671 with Replay ID 10199311.

Global Water Resources (NASDAQ: GWRS), a pure-play water resource management company, has announced its monthly cash dividend declaration. The company will distribute $0.02533 per common share, which translates to an annual dividend rate of $0.30396 per share.

The dividend payment is scheduled for April 30, 2025, and shareholders who are recorded as holders at the close of business on April 16, 2025, will be eligible to receive this distribution.

Global Water Resources (NASDAQ: GWRS) has successfully completed a public offering of 3,220,000 shares of common stock at $10.00 per share, including 420,000 shares from the fully exercised over-allotment option. The offering generated gross proceeds of approximately $32.2 million before deducting underwriting costs and expenses.

Notable participation came from existing stockholders, including directors and affiliates, who purchased 1,439,200 shares. The company plans to use the net proceeds for acquisitions, working capital, and general corporate purposes. Roth Capital Partners and Janney Montgomery Scott served as underwriters for the offering, which was conducted under a previously filed Form S-3 registration statement.

Global Water Resources (NASDAQ: GWRS) has announced the pricing of its underwritten public offering of 2,800,000 shares of common stock at $10.00 per share. The offering, expected to close around March 27, 2025, aims to raise approximately $28 million in gross proceeds before deducting costs.

Notably, existing stockholders, including certain directors and affiliates, have committed to purchasing 1,439,200 shares. The company has also granted underwriters a 30-day option to purchase up to 420,000 additional shares at the public offering price.

The net proceeds will be used to fund acquisitions, working capital, and general corporate purposes. Roth Capital Partners and Janney Montgomery Scott are serving as underwriters for the offering, which is being made pursuant to a registration statement previously filed with the SEC.

Global Water Resources (NASDAQ: GWRS) has announced the launch of an underwritten public offering of its common stock shares. The pure-play water resource management company will be the sole offerer of the shares, with plans to grant underwriters a 30-day option to purchase up to an additional 15% of the offered shares at the public offering price, minus underwriting discounts and commissions.

The company intends to utilize the net proceeds for funding acquisitions, working capital, and other general corporate purposes. Roth Capital Partners and Janney Montgomery Scott are serving as the offering's underwriters. The offering will be conducted under a previously filed and effective Form S-3 registration statement dated August 31, 2023.

Global Water Resources (NASDAQ: GWRS) has filed a general rate case application with the Arizona Commission for its two largest utilities, GW-Santa Cruz and GW-Palo Verde, in Pinal County, Arizona. The application requests a net increase of $6.5 million in annual revenue to support infrastructure investments.

These utilities serve 57,842 active service connections across 207 square miles, representing 89.6% of the company's total connections. The proposed rate increases would result in an approximate 11% increase in total median monthly billing for customers.

The rate case, based on the test year ended December 31, 2024, includes planned infrastructure investments for 2025. The new rates would be implemented in two phases: first in May 2026 and second in January 2027. The company has also proposed a new regulatory tool for more gradual annual cost and investment updates.

Global Water Resources (NASDAQ: GWRS) reported its full year 2024 results with mixed performance. Regulated revenue increased 4.9% to $52.7 million due to organic connection growth, while total revenue decreased 0.6% to $52.7 million. Net income declined 27.5% to $5.8 million ($0.24 per share) compared to $0.33 per share in 2023.

Key operational metrics showed growth with total active service connections increasing 4.4% to 64,520 and water consumption rising 3.3% to 4.16 billion gallons. The company invested $32.3 million in infrastructure projects and increased its dividend to $0.30396 per share annualized.

Notable developments include a pending settlement agreement for GW-Farmers rate case expected to provide $1.1 million in additional revenue, appointment of Robert J. Kuta as EVP, and plans to acquire seven water systems from Tucson adding approximately 2,200 connections. The company also filed a new rate case for GW-Santa Cruz and GW-Palo Verde utilities requesting a $6.5 million annual revenue increase.