Welcome to our dedicated page for Global Water news (Ticker: GWRS), a resource for investors and traders seeking the latest updates and insights on Global Water stock.
Global Water Resources, Inc. (GWRS) operates integrated water utilities serving Arizona's high-growth regions through its Total Water Management approach. This page aggregates official company announcements, regulatory filings, and operational updates for investors tracking water infrastructure investments in water-scarce markets.
Access timely updates on rate approvals, service area expansions, and sustainability initiatives from one verified source. Our curated collection includes earnings releases, infrastructure investment plans, and conservation program developments – critical information for evaluating utility operations in regulated environments.
Key update categories include quarterly financial results, infrastructure improvement projects, water reuse program expansions, and regulatory compliance milestones. Bookmark this page for streamlined monitoring of GWRS's strategic initiatives in metropolitan Phoenix and other Arizona communities.
Global Water Resources (GWRS) reported strong Q2 2022 results with revenues rising 7.0% to $11.7 million, driven by an 8.8% increase in active service connections. Net income increased by 6.3% to $2.1 million, and adjusted EBITDA grew 14.3% to $6.1 million. The company declared a monthly cash dividend and expects an annualized revenue increase of $2.2 million from new rates approved by the Arizona Corporation Commission. With a successful equity capital raise of $15.5 million, GWRS is positioned for growth through acquisitions and infrastructure investments.
Global Water Resources, Inc. (NASDAQ: GWRS) announced the completion of a public offering of 1,150,000 shares at $13.50 per share, generating gross proceeds of approximately $15.5 million. The offering included 150,000 shares sold to the underwriter, Roth Capital Partners, who exercised their full option for additional shares. The net proceeds will be used for acquisitions, working capital, and general corporate purposes. This offering was made under a previously filed registration statement that is effective with the SEC.
Global Water Resources, Inc. (NASDAQ: GWRS) has announced a monthly cash dividend of $0.02458 per common share, amounting to an annualized $0.29496 per share. This dividend is payable on August 31, 2022, to shareholders recorded as of August 17, 2022. The company operates 25 systems providing essential water services and recycles over 1 billion gallons of water annually. Its Total Water Management program maximizes resource efficiency in water-scarce areas, supporting growth in metropolitan Phoenix.
Global Water Resources (NASDAQ: GWRS) announced a public offering of 1,000,000 shares at $13.50 per share, aiming for gross proceeds of $13.5 million. The offering is expected to close around August 1, 2022, with a 30-day option for underwriters to purchase an additional 150,000 shares. Proceeds will be utilized for acquisitions and general corporate purposes. Roth Capital Partners is managing the offering. The company operates 25 systems providing water and wastewater services, recycling nearly 1 billion gallons of water annually.
Global Water Resources (NASDAQ: GWRS) has announced an underwritten public offering of its common stock, with an option for the underwriter to purchase an additional 15% of shares. The offering aims to raise capital for acquisitions and general corporate needs. Roth Capital Partners is the sole manager of the offering. The company’s registration statement was effective as of September 8, 2020, and details will be available through SEC filings. Market and other conditions may impact the offering, with no guarantees on completion or terms.
Global Water Resources (NASDAQ: GWRS) will hold a conference call on August 11, 2022, at 1:00 p.m. Eastern time to discuss its second-quarter results ending June 30, 2022. A press release with financial results will be issued before the call. The conference will include a presentation and a Q&A session. Participants can join via toll-free or international dial-in numbers, or listen to the webcast. Global Water manages 25 systems offering water and wastewater services, recycling over 1 billion gallons annually, and implements Total Water Management to optimize resources.
Global Water Resources (GWRS) has received approval from the Arizona Corporation Commission for new water and wastewater rates, effective August 1, 2022. This adjustment is projected to increase annual revenue by approximately $2.2 million. The rate changes will be phased in over three stages. Additionally, the ACC approved consolidation of rates for several utilities in Pinal County and acquisition premiums related to recent utility acquisitions. The company aims to enhance service quality and maintain infrastructure through this increased revenue.
Global Water Resources (NASDAQ: GWRS) has declared a monthly cash dividend of $0.02458 per common share, amounting to an annualized total of $0.29496 per share. This dividend is payable on July 29, 2022, to shareholders of record by the close of business on July 15, 2022.
The company operates 25 systems providing water, wastewater, and recycled water services, primarily in Phoenix's growth corridors. It effectively implements Total Water Management, recycling over 1 billion gallons of water annually, highlighting its commitment to sustainable practices.
Global Water Resources, Inc. (NASDAQ: GWRS) has announced a monthly cash dividend of $0.02458 per common share, amounting to an annualized $0.29496 per share. This dividend will be payable on June 30, 2022, to shareholders of record by June 16, 2022. The company operates 25 systems providing vital water services, recycling over 1 billion gallons of water annually. It employs a Total Water Management (TWM) approach that optimizes water resources and supports conservation in growth areas around Phoenix.
Global Water Resources, Inc. (NASDAQ: GWRS) announced that CEO Ron Fleming has been elected chairman of the Maricopa Economic Development Alliance (MEDA). Previously serving as treasurer, Fleming brings over 20 years of management experience in the water and wastewater industry. MEDA is crucial for Maricopa's economic development, bringing together various sectors to foster growth. Fleming expressed pride in his new role, emphasizing MEDA's importance in addressing community challenges and supporting economic initiatives.
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