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. (NASDAQ: GWRS) has announced a monthly cash dividend of $0.02434 per share, representing an annualized total of $0.29208. This dividend will be payable on April 30, 2021, to shareholders who are on record by the close of business on April 16, 2021.
The company, specializing in water resource management, operates 16 utilities and recycles nearly 1 billion gallons of water each year, primarily around metropolitan Phoenix.
Global Water Resources (NASDAQ: GWRS) has been invited to present at the 33rd Annual ROTH Growth Conference from March 15-17, 2021. The event will host over 550 companies and 5,000 attendees, including institutional investors. Global Water plans to discuss its 2020 financial results, reporting an 8.9% revenue increase to $38.6 million, driven by more connections and higher water rates. The company aims to enhance its utilities through ongoing acquisitions in the next year, focusing on improving and automating water services.
Global Water Resources (NASDAQ: GWRS) reported a 8.9% revenue increase to $38.6 million for 2020, driven by organic growth and increased consumption. Cash reserves rose from $7.5 million to $18 million, aided by an equity offering. The company acquired four water utilities in Arizona, expanding its service area, and secured a $10 million credit line for growth. The dividend increased to $0.29208 annually. However, net income fell to $1.1 million ($0.05 per share) from $2.2 million ($0.10 per share) the previous year. Adjusted EBITDA grew by 10.1% to $18 million.
Global Water Resources (NASDAQ: GWRS) has announced a monthly cash dividend of $0.02434 per share, totaling an annualized amount of $0.29208. This dividend will be payable on March 31, 2021 to stockholders on record as of March 17, 2021. The company, focused on water resource management, operates 16 utilities mainly in metropolitan Phoenix and recycles nearly 1 billion gallons of water annually. Global Water employs Total Water Management, optimizing the entire water cycle, which supports sustainability in growing regions.
Global Water Resources (GWRS) announced the acquisition of two water utility companies, Twin Hawks Utility and Rincon Water Company, adding approximately 93 water connections in Arizona. This marks GWRS's fifth and sixth acquisitions since 2018, reflecting its commitment to portfolio expansion. The company plans to file for regulatory approval in March 2021, anticipating completion by the year's second half. With a focus on integrating these utilities, GWRS aims to enhance operational efficiency and compliance while meeting community water needs.
Global Water Resources, Inc. (NASDAQ: GWRS) is set to hold a conference call on March 4, 2021, at 1:00 p.m. ET, to discuss its financial results for the fourth quarter and full year ended December 31, 2020. The call will be preceded by a press release detailing the results. Participants can join via toll-free and international dial-in numbers, with a replay available after 4:00 p.m. ET on the same day. The company operates 16 utilities and advocates a Total Water Management approach, maximizing recycled water use.
Global Water Resources, Inc. (GWRS) has announced a monthly cash dividend of $0.02434 per common share, equating to an annualized amount of $0.29208. This dividend will be payable on February 26, 2021 to shareholders on record as of February 12, 2021. The company operates 16 utilities primarily in the Phoenix area, recycling nearly 1 billion gallons of water annually. Their Total Water Management approach aims to optimize water usage and conserve resources, particularly in water-scarce regions.
Global Water Resources (NASDAQ: GWRS) has signed a master utility agreement with Nikola Corporation (NASDAQ: NKLA) to provide water and wastewater services for Nikola's new manufacturing facility in Coolidge, Arizona. The facility aims to produce hydrogen-powered and battery-electric Class 8 semi-trucks, with construction phases planned over the next 12-18 months. Global Water will submit a regulatory filing for a Certificate of Convenience and Necessity to become the exclusive service provider for the site, expanding its regional utility footprint.
Global Water Resources (NASDAQ: GWRS) has declared a monthly cash dividend of $0.02434 per common share, equating to an annualized amount of $0.29208 per share. This dividend will be payable on January 29, 2021 to shareholders of record at the close of business on January 15, 2021. The company operates 16 utilities primarily in the Phoenix metropolitan area and recycles nearly 1 billion gallons of water annually, utilizing a Total Water Management approach to enhance sustainability and water conservation.
Global Water Resources (NASDAQ: GWRS) has obtained a Certificate of Convenience and Necessity from the Arizona Corporation Commission to deliver water, wastewater, and recycled water services across a new 3.4 square mile area in central Arizona. This region, part of the Inland Port Arizona project developed by Saint Holdings, spans approximately 2,200 acres. The area is anticipated to generate significant commercial and residential growth, following agreements with the City of Coolidge to provide essential water services. The project aligns with the expected population doubling in Pinal County by 2030.