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 Q1 2022 results showing an 8.3% revenue increase to $10.0 million, driven by organic growth and acquisitions, including Las Quintas Serenas. Net income rose to $0.9 million, or $0.04 per share, up from a loss last year. Adjusted EBITDA surged by 45.1% to $5.2 million. Active service connections grew by 9.7% year-over-year, totaling 55,012. The company declared dividends of $0.02458 per share and has $11.1 million in cash resources. They expect continued growth from both service connections and strategic acquisitions.
Global Water Resources (NASDAQ: GWRS) has declared a monthly cash dividend of $0.02458 per share, amounting to an annualized total of $0.29496. This dividend will be payable on May 31, 2022, to shareholders on record by May 17, 2022. The company operates 25 systems in water management and is recognized for its Total Water Management approach that integrates water, wastewater, and recycled water services, thus promoting resource conservation.
Global Water Resources (NASDAQ: GWRS) has established a public-private partnership with the Town of Sahuarita, Arizona, aimed at enhancing regional water infrastructure and supporting local growth. The agreement includes a planned acquisition of Farmers Water Co., serving approximately 3,300 customers in the area. This partnership is expected to facilitate substantial community development, particularly in the strategically important Sahuarita East Conceptual Area Plan (SECAP), which could support up to 50,000 new homes. Global Water's smart meter implementation will promote water conservation and operational efficiency.
Global Water Resources, Inc. (NASDAQ: GWRS) will conduct a conference call on May 5, 2022, at 1:00 p.m. Eastern time to discuss its financial results for the first quarter ending March 31, 2022. A press release containing these results will be issued prior to the call. Investors can participate via toll-free or international dial-in numbers and access a webcast on the company's website. A replay of the call will be available after 4:00 p.m. Eastern time on the same day until May 19, 2022.
Global Water Resources (NASDAQ: GWRS) announced a definitive agreement to acquire Farmers Water Co., enhancing its service area in Pima County, Arizona. The acquisition adds approximately 3,300 active water service connections and expands its operational footprint. This move aligns with Global Water’s strategy to address growing community needs in the Arizona Sun Corridor, projected to double in population by 2040. The transaction is expected to close in Q1 2023, subject to customary conditions. Global Water aims to implement smart metering technology to improve operational efficiency and customer service.
Global Water Resources, Inc. (GWRS) announced a monthly cash dividend of $0.02458 per common share, totaling $0.29496 annually. This dividend is set to be payable on April 29, 2022, to shareholders on record by April 14, 2022. The company operates 25 water systems primarily around metropolitan Phoenix, recycling over 1 billion gallons of water annually. Its Total Water Management approach maximizes recycled water use and fosters conservation in water-scarce areas.
Global Water Resources, Inc. (NASDAQ: GWRS) has been invited to ring the Nasdaq Opening Bell on March 22, 2022, in honor of World Water Day. This event will be broadcasted on major financial networks and highlight the company's award-winning Total Water Management approach. CEO Ron Fleming will participate from Maricopa, Arizona, emphasizing the significance of groundwater management. Global Water serves primarily residential and commercial areas around metropolitan Phoenix, delivering 3.2 billion gallons of potable water in 2021, and focusing on sustainability and water conservation.
Global Water Resources (GWRS) reported a Q4 2021 revenue increase of $0.6 million (5.7%) to $10.3 million, driven by organic growth and rate hikes. Net income improved to $0.3 million ($0.02/share) from a loss of $0.3 million. Adjusted EBITDA rose 30.9% to $4.7 million. Active service connections grew 10.2% to 53,882. The company invested $6.5 million in infrastructure, totaling $18.3 million for the year. A new monthly dividend of $0.29496/share was declared. Growth is expected in 2022, contingent on utility rate approvals from the Arizona Corporation Commission.
Global Water Resources (NASDAQ: GWRS) has announced a monthly cash dividend of $0.02458 per common share, totaling $0.29496 annually. This dividend will be paid on March 31, 2022, to shareholders on record as of March 17, 2022. Global Water Resources specializes in water resource management, operating 18 utilities primarily in metropolitan Phoenix. The company emphasizes Total Water Management, which aims to optimize water recycling and conservation in growth areas.
Global Water Resources, Inc. (NASDAQ: GWRS) has been invited to present at the 34th Annual ROTH Conference on March 13-15, 2022, in Dana Point, California. The event will feature online presentations and one-on-one meetings with CFO Mike Liebman discussing the company's approach to Total Water Management and its M&A strategy. The company’s financial results for 2021 will be announced on March 10, 2022. Global Water Resources operates 18 utilities, recycling nearly 1 billion gallons of water annually, and implements smart water management programs.
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