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) has announced a conference call scheduled for May 3, 2023, at 1:00 p.m. Eastern time to discuss its financial results for the first quarter ended March 31, 2023. Investors can join via a toll-free number or an international dial-in number, with a replay available until May 17, 2023. Global Water operates 29 systems that provide essential water and wastewater services, recycling over 1 billion gallons of water annually. Recognized as a 'Utility of the Future Today', the company emphasizes an integrated approach called Total Water Management (TWM) to enhance water conservation and manage resources effectively in population-growth areas around Phoenix. The company's initiatives have garnered several industry awards, reflecting its commitment to advanced water management practices.
Global Water Resources, Inc. (NASDAQ: GWRS) has announced a monthly cash dividend of $0.02483 per common share, totaling an annualized amount of $0.29791 per share. This dividend is payable on April 28, 2023, to shareholders on record as of April 14, 2023. The company operates 29 water, wastewater, and recycled water systems primarily in metropolitan Phoenix, recycling over 1 billion gallons of water annually. It has received accolades for its Total Water Management approach, which integrates various utilities to enhance water conservation, particularly in growing, water-scarce areas.
Global Water Resources, Inc. (NASDAQ: GWRS) reported strong financial results for Q4 and the full year of 2022. Q4 revenues rose 7.7% to $11.1 million, while full-year revenues increased 8.6% to $44.7 million. Net income for Q4 surged 138% to $824,000 and for the full year by 53% to $5.5 million. The company’s active service connections grew 4.4% to 56,270, driven by organic growth and acquisitions. Significant operational achievements include a $8.7 million capital investment and the closing of the Farmers Water acquisition, adding 3,300 connections. Global Water continues to focus on utility consolidation and sustainable service improvements.
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