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. (NASDAQ: GWRS) is a pure-play water resource management company in the utilities sector, operating 39 systems that provide water, wastewater, and recycled water services in growth corridors around metropolitan Phoenix and Tucson, Arizona. Its news flow reflects both its role as a regulated utility and its focus on Total Water Management (TWM), an integrated approach to managing the entire water cycle within the same geographic area.
On this page, readers can follow company announcements about monthly cash dividends, which Global Water Resources declares under its dividend policy with a stated monthly amount and annualized rate. The company regularly issues press releases detailing dividend declaration dates, record dates, and payment dates for shareholders of record.
Investors and observers will also find earnings-related news, including quarterly results that discuss revenue trends, net income, adjusted EBITDA, and operational metrics such as active service connections, water consumption, and infrastructure investment. These releases often explain the impact of organic connection growth, acquisitions of additional water systems, and rate changes approved by the Arizona Corporation Commission.
Additional news items cover corporate and regulatory developments, such as board appointments, participation in investor conferences, private placements of common stock, and updates on rate case proceedings for the company’s regulated subsidiaries. Together, these updates provide insight into how Global Water Resources manages growth, financing, and regulation while operating water, wastewater, and recycled water utilities in Arizona’s expanding metropolitan areas.
Global Water Resources (NASDAQ: GWRS) announced the results of its 2025 Annual Meeting of Stockholders. Out of 24,226,016 eligible shares, 20,221,941 shares were voted. All seven director nominees listed in the April 4, 2025 Proxy Statement were elected with strong approval rates ranging from 91.22% to 98.76%.
The shareholders also approved two additional items: the ratification of Deloitte & Touche LLP as the company's independent registered public accounting firm for fiscal year 2025 with 99.79% approval, and the advisory vote on executive compensation with 98.65% approval.
Global Water Resources (NASDAQ: GWRS) reported its Q1 2025 financial results, with total revenue increasing 7.3% to $12.5 million, driven by organic connection growth and increased consumption. The company saw a 4.3% increase in active service connections to 65,163 and a 24.2% rise in water consumption to 0.84 billion gallons. However, net income decreased 14.5% to $0.6 million ($0.02 per share).
The company strengthened its capital position by raising $30.8 million through a public stock offering and increasing its revolving credit facility from $15 million to $20 million. GWRS filed rate case applications for GW-Santa Cruz and GW-Palo Verde utilities, seeking a $6.5 million net revenue increase. The ACC approved GW-Farmers' rate case, expected to generate a $1.1 million annual revenue increase.
Global Water Resources (NASDAQ: GWRS), a pure-play water resource management company, has announced its latest monthly dividend. The company will distribute $0.02533 per common share, which translates to an annual dividend rate of $0.30396 per share.
Shareholders who are recorded as holders at the close of business on May 16, 2025, will receive the dividend payment on May 30, 2025. This regular monthly dividend announcement demonstrates the company's commitment to providing consistent returns to its shareholders.
Global Water Resources (NASDAQ: GWRS) has secured approval from the Arizona Commission for new water rates at its GW-Farmers Water Company utility in Pima County, Arizona. The rate increase is expected to generate approximately $1.1 million in additional annual revenue based on 2023 test-year connections.
The implementation will occur in three phases:
- 50% on May 1, 2025
- 25% on November 1, 2025
- 25% on May 1, 2026
The ACC also approved deferring the recovery of a $3 million acquisition premium related to the GW-Farmers acquisition for a future rate case. GW-Farmers serves 3,494 active water connections across 21.0 square miles in the Town of Sahuarita and surrounding areas, representing 5.4% of Global Water's total active connections.
Global Water Resources (NASDAQ: GWRS), a pure-play water resource management company, has scheduled its first quarter 2025 earnings conference call for Thursday, May 15, 2025, at 1:00 p.m. ET. The company will release its financial results for the quarter ended March 31, 2025, via press release before the call.
Management will host a presentation followed by a Q&A session. Investors can join via toll-free number 1-833-816-1435 or international number 1-412-317-0527 using Conference ID 10199311. A webcast will be available through the company's website. A replay will be accessible until May 29, 2025, using toll-free number 1-844-512-2921 or international number 1-412-317-6671 with Replay ID 10199311.
Global Water Resources (NASDAQ: GWRS), a pure-play water resource management company, has announced its monthly cash dividend declaration. The company will distribute $0.02533 per common share, which translates to an annual dividend rate of $0.30396 per share.
The dividend payment is scheduled for April 30, 2025, and shareholders who are recorded as holders at the close of business on April 16, 2025, will be eligible to receive this distribution.
Global Water Resources (NASDAQ: GWRS) has successfully completed a public offering of 3,220,000 shares of common stock at $10.00 per share, including 420,000 shares from the fully exercised over-allotment option. The offering generated gross proceeds of approximately $32.2 million before deducting underwriting costs and expenses.
Notable participation came from existing stockholders, including directors and affiliates, who purchased 1,439,200 shares. The company plans to use the net proceeds for acquisitions, working capital, and general corporate purposes. Roth Capital Partners and Janney Montgomery Scott served as underwriters for the offering, which was conducted under a previously filed Form S-3 registration statement.
Global Water Resources (NASDAQ: GWRS) has announced the pricing of its underwritten public offering of 2,800,000 shares of common stock at $10.00 per share. The offering, expected to close around March 27, 2025, aims to raise approximately $28 million in gross proceeds before deducting costs.
Notably, existing stockholders, including certain directors and affiliates, have committed to purchasing 1,439,200 shares. The company has also granted underwriters a 30-day option to purchase up to 420,000 additional shares at the public offering price.
The net proceeds will be used to fund acquisitions, working capital, and general corporate purposes. Roth Capital Partners and Janney Montgomery Scott are serving as underwriters for the offering, which is being made pursuant to a registration statement previously filed with the SEC.
Global Water Resources (NASDAQ: GWRS) has announced the launch of an underwritten public offering of its common stock shares. The pure-play water resource management company will be the sole offerer of the shares, with plans to grant underwriters a 30-day option to purchase up to an additional 15% of the offered shares at the public offering price, minus underwriting discounts and commissions.
The company intends to utilize the net proceeds for funding acquisitions, working capital, and other general corporate purposes. Roth Capital Partners and Janney Montgomery Scott are serving as the offering's underwriters. The offering will be conducted under a previously filed and effective Form S-3 registration statement dated August 31, 2023.
Global Water Resources (NASDAQ: GWRS) has filed a general rate case application with the Arizona Commission for its two largest utilities, GW-Santa Cruz and GW-Palo Verde, in Pinal County, Arizona. The application requests a net increase of $6.5 million in annual revenue to support infrastructure investments.
These utilities serve 57,842 active service connections across 207 square miles, representing 89.6% of the company's total connections. The proposed rate increases would result in an approximate 11% increase in total median monthly billing for customers.
The rate case, based on the test year ended December 31, 2024, includes planned infrastructure investments for 2025. The new rates would be implemented in two phases: first in May 2026 and second in January 2027. The company has also proposed a new regulatory tool for more gradual annual cost and investment updates.