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. (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.
Global Water Resources (NASDAQ: GWRS) has partnered with Procter & Gamble (P&G) on a $500 million manufacturing facility in Coolidge, Arizona, expected to create about 500 jobs. Construction is set to begin in 2023 and the facility will be operational by 2025. Global Water will provide essential water, wastewater, and recycled water services for the facility, and expects to start detailed design and permitting in 2023. This move positions Global Water as a key player in the region's growing industrial ecosystem, enhancing its service offerings and infrastructure.
Global Water Resources, Inc. (NASDAQ: GWRS) reported a strong Q3 2022, with regulated revenues rising by $1.2 million (11%) to $11.9 million, driven by an increase in active service connections and rate hikes. Net income grew to $1.7 million ($0.07 per share), while adjusted EBITDA surged 21% to $6.1 million. The company raised approximately $14.9 million through a public offering, intended for acquisitions and working capital. Active service connections increased by 8% to 56,134, with a new rate structure expected to add approximately $2.2 million in revenue annually, solidifying its growth strategy in the expanding Phoenix area.
Global Water Resources has announced a monthly cash dividend of $0.02458 per share, totaling $0.29496 annually. The dividend is payable on November 30, 2022, to shareholders on record by November 16, 2022. As a leader in water resource management, the company operates 25 systems mainly around metropolitan Phoenix, recycling over 1 billion gallons of water annually. Their Total Water Management approach enhances conservation and optimizes resource use in water-scarce regions.
Global Water Resources (GWRS) will host a conference call on November 10, 2022, at 1:00 p.m. ET to discuss its Q3 2022 financial results, which will be released beforehand. The call will include a presentation followed by a Q&A session. Investors can join by calling the provided toll-free numbers or via an online webcast. The company is known for its effective Total Water Management approach, operating 25 water systems primarily around Phoenix and recycling over 1 billion gallons annually. A replay will be available from 4:00 p.m. ET that day until November 24, 2022.
Global Water Resources (NASDAQ: GWRS) has announced a monthly cash dividend of $0.02458 per common share, totaling an annualized amount of $0.29496. This dividend will be payable on October 31, 2022, to shareholders recorded by the close of business on October 17, 2022. The company operates 25 systems providing essential water services in the Phoenix area and is recognized for its effective Total Water Management approach, which integrates water, wastewater, and recycled water services, promoting conservation in a growing metropolitan region.