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 (NASDAQ: GWRS) announced a public offering of 1,000,000 shares at $13.50 per share, aiming for gross proceeds of $13.5 million. The offering is expected to close around August 1, 2022, with a 30-day option for underwriters to purchase an additional 150,000 shares. Proceeds will be utilized for acquisitions and general corporate purposes. Roth Capital Partners is managing the offering. The company operates 25 systems providing water and wastewater services, recycling nearly 1 billion gallons of water annually.
Global Water Resources (NASDAQ: GWRS) has announced an underwritten public offering of its common stock, with an option for the underwriter to purchase an additional 15% of shares. The offering aims to raise capital for acquisitions and general corporate needs. Roth Capital Partners is the sole manager of the offering. The company’s registration statement was effective as of September 8, 2020, and details will be available through SEC filings. Market and other conditions may impact the offering, with no guarantees on completion or terms.
Global Water Resources (NASDAQ: GWRS) will hold a conference call on August 11, 2022, at 1:00 p.m. Eastern time to discuss its second-quarter results ending June 30, 2022. A press release with financial results will be issued before the call. The conference will include a presentation and a Q&A session. Participants can join via toll-free or international dial-in numbers, or listen to the webcast. Global Water manages 25 systems offering water and wastewater services, recycling over 1 billion gallons annually, and implements Total Water Management to optimize resources.
Global Water Resources (GWRS) has received approval from the Arizona Corporation Commission for new water and wastewater rates, effective August 1, 2022. This adjustment is projected to increase annual revenue by approximately $2.2 million. The rate changes will be phased in over three stages. Additionally, the ACC approved consolidation of rates for several utilities in Pinal County and acquisition premiums related to recent utility acquisitions. The company aims to enhance service quality and maintain infrastructure through this increased revenue.
Global Water Resources (NASDAQ: GWRS) has declared a monthly cash dividend of $0.02458 per common share, amounting to an annualized total of $0.29496 per share. This dividend is payable on July 29, 2022, to shareholders of record by the close of business on July 15, 2022.
The company operates 25 systems providing water, wastewater, and recycled water services, primarily in Phoenix's growth corridors. It effectively implements Total Water Management, recycling over 1 billion gallons of water annually, highlighting its commitment to sustainable practices.
Global Water Resources, Inc. (NASDAQ: GWRS) has announced a monthly cash dividend of $0.02458 per common share, amounting to an annualized $0.29496 per share. This dividend will be payable on June 30, 2022, to shareholders of record by June 16, 2022. The company operates 25 systems providing vital water services, recycling over 1 billion gallons of water annually. It employs a Total Water Management (TWM) approach that optimizes water resources and supports conservation in growth areas around Phoenix.
Global Water Resources, Inc. (NASDAQ: GWRS) announced that CEO Ron Fleming has been elected chairman of the Maricopa Economic Development Alliance (MEDA). Previously serving as treasurer, Fleming brings over 20 years of management experience in the water and wastewater industry. MEDA is crucial for Maricopa's economic development, bringing together various sectors to foster growth. Fleming expressed pride in his new role, emphasizing MEDA's importance in addressing community challenges and supporting economic initiatives.
Global Water Resources Inc. (NASDAQ: GWRS) announced the election of new Directors and the ratification of Deloitte & Touche LLP as its independent accounting firm during its 2022 Annual Meeting of Stockholders. A total of 19,142,522 shares were voted, with significant support for the Directors, including Ron L. Fleming receiving 94.51% of votes. The compensation of named executive officers was also approved, with 98.99% of votes in favor. Global Water continues to lead in water management with 25 systems serving metropolitan Phoenix, recycling nearly 1 billion gallons annually.
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.