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) reported its full year 2024 results with mixed performance. Regulated revenue increased 4.9% to $52.7 million due to organic connection growth, while total revenue decreased 0.6% to $52.7 million. Net income declined 27.5% to $5.8 million ($0.24 per share) compared to $0.33 per share in 2023.
Key operational metrics showed growth with total active service connections increasing 4.4% to 64,520 and water consumption rising 3.3% to 4.16 billion gallons. The company invested $32.3 million in infrastructure projects and increased its dividend to $0.30396 per share annualized.
Notable developments include a pending settlement agreement for GW-Farmers rate case expected to provide $1.1 million in additional revenue, appointment of Robert J. Kuta as EVP, and plans to acquire seven water systems from Tucson adding approximately 2,200 connections. The company also filed a new rate case for GW-Santa Cruz and GW-Palo Verde utilities requesting a $6.5 million annual revenue increase.
Global Water Resources (NASDAQ: GWRS) has been invited to participate in the 37th Annual ROTH Conference, scheduled for March 16-18, 2025, at The Laguna Cliffs Marriott in Dana Point, California.
CEO Ron Fleming and CFO Mike Liebman will engage in one-on-one meetings with analysts and investors on March 17-18. They will showcase the company's:
- Market leadership in utility consolidation
- Automation and water resource management expertise
- Rate case activity
- Active M&A program expanding utility portfolio in Phoenix and Tucson growth corridors
- Ongoing customer connection expansion driving revenue growth
- Monthly dividend program
The conference, which historically attracts over 5,000 participants including institutional investors, family offices, high-net-worth investors, and equity analysts, will feature on-demand presentations, in-person meetings, industry panels, and fireside chats.
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 March 31, 2025, and will be paid to shareholders who are recorded as holders at the close of business on March 17, 2025.
Global Water Resources (NASDAQ: GWRS), a pure-play water resource management company, has scheduled its fourth quarter 2024 earnings conference call for Thursday, March 6, 2025, at 1:00 p.m. Eastern time. The company will release its financial results via press release before the call.
The management team will host a presentation followed by a Q&A session. Investors can join via toll-free number (1-833-816-1435) or international dial-in (1-412-317-0527) using Conference ID 10196547. A webcast will be available through the company's website. A replay will be accessible until March 20, 2025, using dedicated replay numbers.
Global Water Resources (NASDAQ: GWRS) has reached a unanimous settlement agreement for its Global Water – Farmers Water Company (GW-Farmers) rate case with the Arizona Commission. The settlement, filed on January 10, 2025, follows the company's June 2024 rate case application, marking the first rate adjustment since GWRS acquired the utility in 2023.
If approved, the agreement will generate an additional $1.1 million in annual revenue, implemented in three phases: 50% on May 1, 2025, 25% on November 1, 2025, and 25% on May 1, 2026. The settlement includes a deferral to recover a $3 million acquisition premium in a future rate case and proposes a system improvement benefits (SIB) mechanism for timely recovery of capital costs related to distribution system improvements.
Global Water Resources (NASDAQ: GWRS), a pure-play water resource management company, has announced its monthly cash dividend. The company will distribute $0.02533 per common share, which translates to an annual dividend rate of $0.30396 per share. The dividend is scheduled for payment on February 28, 2025, to shareholders of record as of February 14, 2025.
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.