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. (GWRS) operates integrated water utilities serving Arizona's high-growth regions through its Total Water Management approach. This page aggregates official company announcements, regulatory filings, and operational updates for investors tracking water infrastructure investments in water-scarce markets.
Access timely updates on rate approvals, service area expansions, and sustainability initiatives from one verified source. Our curated collection includes earnings releases, infrastructure investment plans, and conservation program developments – critical information for evaluating utility operations in regulated environments.
Key update categories include quarterly financial results, infrastructure improvement projects, water reuse program expansions, and regulatory compliance milestones. Bookmark this page for streamlined monitoring of GWRS's strategic initiatives in metropolitan Phoenix and other Arizona communities.
Global Water Resources, Inc. (NASDAQ: GWRS) reported its first quarter 2024 results, showcasing a total revenue decrease of $1.5 million, an increase in regulated revenue, net income of $0.7 million, and adjusted EBITDA of $5.4 million. The company invested $5.8 million in infrastructure projects and acquired seven water systems around Tucson. Despite challenges like a decrease in total revenue, Global Water remains optimistic about growth opportunities in Arizona's Sun Corridor.
Global Water Resources, Inc. (NASDAQ: GWRS) has agreed to acquire seven water systems from the City of Tucson, adding 2,200 customer connections in Pima County. This acquisition aligns with the company's growth strategy, increasing the total customer base to around 7,200 in the area. The integration will focus on consolidation, technology upgrades, and efficient water management practices. The deployment of advanced metering infrastructure (AMI) will enhance service quality and promote utility consolidation, automation, and water resource management.
Global Water Resources, Inc. (NASDAQ: GWRS) announced a monthly cash dividend of $0.02508 per common share, totaling $0.30096 per share annually. The dividend is payable on May 31, 2024, to shareholders of record as of May 17, 2024.
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