Global Water Stock Price, News & Analysis

Global Water Resources (NASDAQ: GWRS) has appointed Robert J. Kuta as executive vice president of engineering and environmental resources. This strategic hire supports the company's preparation for growth and infrastructure expansion in 2025 and beyond.

Kuta brings over 35 years of water industry experience, including significant executive roles in the southwest U.S. regulated utility space. His previous position was vice president of engineering and chief water quality officer at California Water Service Company, where he managed $1.4 billion in capital expenditures under a three-year program.

The new position combines engineering and environmental resources to maintain compliance standards as the company acquires troubled utilities. Kuta's expertise spans operations, project delivery, strategic planning, and regulatory strategies, with experience managing complex water and wastewater projects globally.

Global Water Resources (NASDAQ: GWRS), a pure-play water resource management company, has announced its monthly cash dividend of $0.02533 per common share, which equates to an annual dividend rate of $0.30396 per share. The dividend will be distributed on January 31, 2025, to shareholders of record as of January 17, 2025.

Global Water Resources (NASDAQ: GWRS) has announced a 1% dividend increase, setting a new monthly cash dividend of $0.02533 per common share. This adjustment establishes a new annualized dividend rate of $0.30396 per share, up $0.003 from the previous rate of $0.30096. The dividend will be paid on December 30, 2024, to shareholders of record as of December 16, 2024. The company attributes this increase to growth in regulated revenue and net income, driven by increases in active connections and regulated rates.

Global Water Resources reported Q3 2024 results with total revenue decreasing 1.5% to $14.3 million, while regulated revenue increased 2.2%. Net income rose 11.0% to $2.9 million ($0.12 per share), and Adjusted EBITDA grew 7.2% to $8.2 million. Total active service connections increased 4.7% to 63,889. The company maintained its monthly dividend of $0.02508 per share. The company is progressing with rate case applications and plans to acquire seven water systems from Tucson, adding approximately 2,200 water service connections.

Global Water Resources (NASDAQ: GWRS) has announced its monthly cash dividend of $0.02508 per common share, equivalent to an annualized rate of $0.30096 per share. The dividend will be distributed on November 27, 2024, to shareholders recorded as of November 13, 2024. The company, which operates as a pure-play water resource management company, continues its dividend policy with this regular monthly distribution.

Global Water Resources (NASDAQ: GWRS), a pure-play water resource management company, has announced its third quarter 2024 conference call scheduled for Thursday, November 7, 2024, at 1:00 p.m. Eastern time. The company will discuss results for the quarter ended September 30, 2024, with financial results to be released prior to the call.

The conference call details include:

• Toll-free dial-in: 1-833-816-1435
• International dial-in: 1-412-317-0527
• Conference ID: 10193916

A webcast will be available live and for replay. A call replay will be accessible until November 21, 2024. The event information is also available in the Investors section of the company's website.

Global Water Resources (NASDAQ: GWRS), a pure-play water resource management company, has declared a monthly cash dividend of $0.02508 per common share. This equates to an annualized dividend rate of $0.30096 per share. The dividend is scheduled to be paid on October 31, 2024, to shareholders of record as of the close of business on October 17, 2024. This declaration is in line with the company's established dividend policy, demonstrating its commitment to providing regular returns to its shareholders.

Global Water Resources, Inc. (NASDAQ: GWRS) has released its second sustainability report, showcasing its Total Water Management (TWM) leadership. The report, prepared using SASB Standards, highlights the company's commitment to sustainability and environmental stewardship in Arizona communities.

Key points include:

• Celebrating 20 years of award-winning TWM
• Increased recycled water usage by 6.2% to 1.4 billion gallons in 2023
• Implementation of smart water management programs and advanced metering infrastructure
• Unique six-tier rate structure with conservation incentives
• 9.8% increase in active service connections, totaling 61,791
• $22.3 million invested in service area expansion and improvement
• Recognition as a 'Utility of the Future Today' for superior water reuse practices

Global Water's focus on water stewardship and innovative practices positions it well to address evolving water sustainability challenges in the western U.S.

Global Water Resources, Inc. (NASDAQ: GWRS), a pure-play water resource management company, will present at the Janney Virtual Water Utilities Conference on September 19, 2024. CEO Ron Fleming, SVP and CFO Mike Liebman, and COO Chris Krygier will participate in a virtual fireside chat and one-on-one meetings with analysts and investors.

The presentation will be webcast live at 3:00 p.m. Eastern time and available for replay. Management will discuss the company's Q2 2024 growth, with revenue up 3.9% to $13.5 million and net income of $0.07 per share. They will also highlight GWRS's leadership in utility consolidation, automation, and water resource management, as well as its active M&A program expanding its portfolio in Arizona's major metro growth corridors.