Global Water Stock Price, News & Analysis

Global Water Resources (NASDAQ: GWRS) will present at the Bank of America 2021 Water Conference on December 6, 2021. CEO Ron Fleming, along with CFO Mike Liebman and Chief Strategy Officer Chris Krygier, will participate in one-on-one meetings with analysts and investors.

They will discuss a 9.5% revenue increase to $31.6 million for the first nine months of 2021, fueled by organic growth and rate hikes. The company also maintains a monthly dividend of approximately $0.29 per share and recently completed an acquisition of 1,100 active water service connections in Arizona.

Global Water Resources, Inc. (NASDAQ: GWRS) announced the promotion of Joanne Ellsworth to executive vice president of corporate affairs. Previously the vice president of corporate and regulatory affairs, Ellsworth brings over 25 years of experience to her new role. CEO Ron Fleming highlighted her significant contributions to the company’s growth. Global Water continues to expand through acquisitions while focusing on sustainable water management. The company operates 17 utilities and recycles over 1 billion gallons of water annually, positioning itself as a leader in the water resource management sector.

Global Water Resources, Inc. (NASDAQ: GWRS) reported Q3 2021 results, showing revenue growth of 6.0% to $11.4 million, driven by infrastructure coordination agreements and an increase in active service connections, which rose 9.2% to 51,958. Net income rose 32.4% to $1.5 million. The company declared monthly dividends and invested $5.4 million in infrastructure projects. Future growth is anticipated from a rate case pending decision and recent acquisitions, including Las Quintas Serenas Water Company, adding over 1,100 active connections.

Global Water Resources (NASDAQ: GWRS) has successfully acquired Las Quintas Serenas Water Company, enhancing its service area by approximately 2.5 square miles and adding 1,100 active water service connections, representing a 2% increase in total connections. This strategic acquisition comes with a capital investment of about $1 million and aims to modernize service with smart meters for improved efficiency and customer cost savings. This marks Global Water’s sixth acquisition in Pima County and aligns with its future growth plans in Arizona's expanding population regions.

Global Water Resources, Inc. (NASDAQ: GWRS) has announced a monthly cash dividend of $0.02434 per common share, totaling an annualized $0.29208 per share. The dividend will be payable on November 30, 2021, to shareholders recorded by the close of business on November 16, 2021. The company is noted for its efficient Total Water Management approach and operates 16 utilities in water-scarce areas around metropolitan Phoenix, recycling nearly 1 billion gallons of water annually.

Global Water Resources (NASDAQ: GWRS) will host a conference call on November 9, 2021, at 1:00 p.m. ET to discuss its third-quarter financial results for the period ending September 30, 2021. The call will include a presentation followed by a Q&A session. Participants can join via a toll-free dial-in number or through a live webcast available on the company’s website. A replay will be accessible after the call and until November 23, 2021. Global Water Resources operates 16 utilities, providing vital water services, and emphasizes its Total Water Management approach.

Global Water Resources has declared a monthly cash dividend of $0.02434 per common share, amounting to an annualized total of $0.29208 per share. This dividend will be payable on October 29, 2021, to shareholders of record as of October 15, 2021. The company, which manages 16 utilities primarily in metropolitan Phoenix, recycles nearly 1 billion gallons of water annually and emphasizes its Total Water Management approach to enhance resource conservation.

Global Water Resources (GWRS) has signed a definitive agreement to acquire Las Quintas Serenas Water Company in Tucson, Arizona. This acquisition will add approximately 2.5 square miles and 1,100 active water service connections, primarily residential. Expected to close in October, it's Global Water's largest acquisition since 2018. The company plans to enhance service quality by transitioning to smart meters for better water management. This move aligns with Global Water's strategy of expanding its footprint in Pima County and addressing growing water demands in the Arizona Sun Corridor.

On September 8, 2021, Global Water Resources (NASDAQ: GWRS) announced its participation in the Janney Water Utilities Conference on September 14, 2021. CEO Ron Fleming will lead one-on-one meetings with investors and analysts, alongside CFO Mike Liebman and Chief Strategy Officer Chris Krygier. The company plans to discuss its growth strategy, which includes expanding service areas and acquiring additional utilities. In the past year, Global Water Resources has agreed to acquire six utilities in Arizona and is seeking further acquisitions.