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. operates as a pure-play water resource management company providing regulated water, wastewater and recycled water service in Arizona. Its service areas are concentrated primarily in growth corridors around metropolitan Phoenix and Tucson, where utility revenue is tied to tariff rates, customer connections, consumption and infrastructure investment.
Recurring GWRS news covers monthly dividend declarations, quarterly and annual financial results, conference-call updates, Arizona Corporation Commission rate proceedings and capital actions supporting utility operations. Company updates also address utility consolidation, acquired water systems, recycled water practices, automation and the performance of regulated subsidiaries such as Global Water – Santa Cruz Water Company and Global Water – Palo Verde Utilities Company.
Global Water Resources, Inc. (NASDAQ: GWRS) has submitted a request for voluntary delisting of its shares from the Toronto Stock Exchange (TSX), expected to take effect on February 24, 2023. This decision follows an internal review highlighting financial and administrative burdens, as well as low trading volumes on the TSX. The company will continue trading on NASDAQ. Global Water also plans to cease reporting as a Canadian issuer post-delisting. The firm manages 29 systems providing water services, emphasizing Total Water Management—an integrated approach to maximizing recycled water use.
Global Water Resources (NASDAQ: GWRS) has appointed Chris Krygier as Chief Operations Officer, previously serving as Chief Strategy Officer since June 2020. In his new role, Krygier will oversee regulated water and wastewater operations in Arizona, focusing on business development and regulatory affairs. He has a track record of successful acquisitions, including the recent addition of Farmers Water, boosting 3,300 service connections. With over 15 years of industry experience and a strategic vision for consolidation and utility solutions, Krygier is expected to drive growth in the company's expanding market.
Global Water Resources (NASDAQ: GWRS) has completed the acquisition of Farmers Water Co., enhancing its services in Pima County, Arizona. This acquisition adds approximately 3,300 active water service connections and covers 21.5 square miles, boosting Global Water's total connections in the region to nearly 5,000. The company plans to implement advanced metering technology and improved cybersecurity measures for Farmers Water, aiming for operational efficiency and customer service enhancement. This strategic move supports the expected population growth in the Arizona Sun Corridor, positioning Global Water for future growth.
Global Water Resources, Inc. (NASDAQ: GWRS) has announced a monthly cash dividend of $0.02483 per common share, amounting to an annualized total of $0.29791 per share. The dividend is set to be paid on February 28, 2023, to shareholders on record as of February 14, 2023. As a key player in water resource management, Global Water operates 25 systems primarily in the Phoenix area, recycling over 1 billion gallons of water annually. The company implements an integrated approach known as Total Water Management (TWM), enhancing conservation efforts in water-scarce regions experiencing growth.
Global Water Resources (NASDAQ: GWRS) announced that CEO Ron Fleming has been elected to the board of the National Association of Water Companies (NAWC). This role aims to enhance the company’s commitment to delivering high-quality water services and infrastructure investment. NAWC members serve over 73 million Americans, investing more than $3 billion annually to maintain compliance with health regulations. Fleming believes this position will strengthen Global Water's goals in environmental stewardship and service improvements. Additionally, the company is developing a water service project for Procter & Gamble at the Inland Port Arizona mega site.
Global Water Resources, Inc. (GWRS) received the 2022 Excellence in Departmental Practice Award from Cityworks at the Cityworks Innovate Conference in Salt Lake City. The recognition highlights Global Water's innovative asset management strategies, improving service efficiency and customer response. The company has utilized Cityworks Server Asset Management System since 2006, enhancing budgeting and resource allocation. Global Water is also set to collaborate with Procter & Gamble to provide water services for a new manufacturing facility at Inland Port Arizona, further expanding its operational footprint.
Global Water Resources has declared a monthly cash dividend of $0.02483 per common share, amounting to an annualized $0.29791 per share. This dividend will be payable on January 31, 2023, to shareholders on record as of January 17, 2023. The company focuses on water resource management, owning and operating 25 systems in the metropolitan Phoenix area, and recycles over 1 billion gallons of water annually. Global Water's Total Water Management approach integrates water cycle management to enhance conservation.
Global Water Resources (NASDAQ: GWRS) has been invited to present at the ROTH 11th Annual Deer Valley Event in Park City, UT, from December 14-17, 2022. CEO Ron Fleming and CFO Mike Liebman will hold one-on-one meetings with investors on December 15. They will discuss a reported 8.9% growth in regulated revenues to $33.6 million and a net income of $4.7 million ($0.20/share) for the first nine months of 2022. Additionally, they will address the recent rate increase approval expected to generate over $2.2 million annually and developments related to the Inland Port Arizona project.
Global Water Resources has announced an increase in its monthly cash dividend by 1% to $0.29791 annually, equivalent to $0.02483 per month. The new dividend rate will take effect with the payment scheduled for December 29, 2022, to shareholders recorded by December 15, 2022. As a leading water resource management company, Global Water operates 25 systems, recycling over 1 billion gallons of water annually, and has been recognized for its effective Total Water Management approach, maximizing the beneficial use of recycled water in metropolitan Phoenix.
Global Water Resources (NASDAQ: GWRS) is set to present at the Bank of America 2022 Water Conference on December 6, 2022. CEO Ron Fleming will engage in one-on-one meetings with institutional investors and analysts alongside CFO Mike Liebman and Chief Strategy Officer Chris Krygier. The company reported an 8.9% increase in regulated revenues, totaling $33.6 million, and net income of $4.7 million or $0.20 per share for the first nine months of 2022. A recent regulatory rate increase is projected to add over $2.2 million in annual revenue.