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 (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.
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.