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) 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.
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.