Global Water Stock Price, News & Analysis

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.

Global Water Resources, Inc. (NASDAQ: GWRS) announced a conference call on March 10, 2022, at 1:00 p.m. Eastern time to discuss its fourth quarter and full-year results for 2021. The financial results will be released prior to the call. The event will include a presentation followed by a Q&A session. Interested parties can access the call via dial-in options and a live webcast, with a replay available post-call. The company operates 18 utilities providing water services, focusing on Total Water Management to optimize water recycling and conservation.

Global Water Resources, Inc. (NASDAQ: GWRS) announced a cash dividend of $0.02458 per common share, totaling an annualized $0.29496 per share. This dividend will be paid on February 28, 2022, to shareholders on record as of February 14, 2022. The company, which operates 18 utilities in metropolitan Phoenix, emphasizes an integrated approach to water management through its Total Water Management (TWM) initiative, which promotes water recycling and conservation.

Global Water Resources (NASDAQ: GWRS) has announced the acquisition of Twin Hawks Utility, Inc. and Rincon Water Company, expanding its portfolio of water utilities in Arizona. These acquisitions add approximately 93 water connections, with Twin Hawks located near an operational hub, facilitating integration. This marks the company's tenth and eleventh acquisitions since 2017, aligned with its strategy of consolidation in Arizona. The company aims to enhance compliance and sustainability in water services while continuing to explore additional synergistic utility acquisitions in the region.

Global Water Resources, Inc. (NASDAQ: GWRS) has announced a monthly cash dividend of $0.02458 per common share, equating to an annualized amount of $0.29496 per share. This dividend will be payable on January 31, 2022, to shareholders on record as of January 18, 2022. The company focuses on water resource management and operates 17 utilities, mainly in growth areas of metropolitan Phoenix, recycling nearly 1 billion gallons of water annually.

Global Water Resources (NASDAQ: GWRS) announced a Letter of Intent to acquire Farmers Water Co., enhancing its utility portfolio in Pima County, Arizona. This acquisition aims to integrate 3,300 active water service connections, complementing Global Water’s recent acquisitions. The company plans to upgrade the acquired utility's infrastructure, including transitioning to smart meters for improved efficiency. This acquisition represents GWRS's seventh in Pima County and aligns with its strategy to capitalize on growth in the Arizona Sun Corridor, expected to double in population by 2040.