Global Water Stock Price, News & Analysis

Global Water Resources (NASDAQ: GWRS) announced that CEO Ron Fleming has been elected to the board of the National Association of Water Companies (NAWC). This role aims to enhance the company’s commitment to delivering high-quality water services and infrastructure investment. NAWC members serve over 73 million Americans, investing more than $3 billion annually to maintain compliance with health regulations. Fleming believes this position will strengthen Global Water's goals in environmental stewardship and service improvements. Additionally, the company is developing a water service project for Procter & Gamble at the Inland Port Arizona mega site.

Global Water Resources, Inc. (GWRS) received the 2022 Excellence in Departmental Practice Award from Cityworks at the Cityworks Innovate Conference in Salt Lake City. The recognition highlights Global Water's innovative asset management strategies, improving service efficiency and customer response. The company has utilized Cityworks Server Asset Management System since 2006, enhancing budgeting and resource allocation. Global Water is also set to collaborate with Procter & Gamble to provide water services for a new manufacturing facility at Inland Port Arizona, further expanding its operational footprint.

Global Water Resources has declared a monthly cash dividend of $0.02483 per common share, amounting to an annualized $0.29791 per share. This dividend will be payable on January 31, 2023, to shareholders on record as of January 17, 2023. The company focuses on water resource management, owning and operating 25 systems in the metropolitan Phoenix area, and recycles over 1 billion gallons of water annually. Global Water's Total Water Management approach integrates water cycle management to enhance conservation.

Global Water Resources (NASDAQ: GWRS) has been invited to present at the ROTH 11th Annual Deer Valley Event in Park City, UT, from December 14-17, 2022. CEO Ron Fleming and CFO Mike Liebman will hold one-on-one meetings with investors on December 15. They will discuss a reported 8.9% growth in regulated revenues to $33.6 million and a net income of $4.7 million ($0.20/share) for the first nine months of 2022. Additionally, they will address the recent rate increase approval expected to generate over $2.2 million annually and developments related to the Inland Port Arizona project.

Global Water Resources has announced an increase in its monthly cash dividend by 1% to $0.29791 annually, equivalent to $0.02483 per month. The new dividend rate will take effect with the payment scheduled for December 29, 2022, to shareholders recorded by December 15, 2022. As a leading water resource management company, Global Water operates 25 systems, recycling over 1 billion gallons of water annually, and has been recognized for its effective Total Water Management approach, maximizing the beneficial use of recycled water in metropolitan Phoenix.

Global Water Resources (NASDAQ: GWRS) is set to present at the Bank of America 2022 Water Conference on December 6, 2022. CEO Ron Fleming will engage in one-on-one meetings with institutional investors and analysts alongside CFO Mike Liebman and Chief Strategy Officer Chris Krygier. The company reported an 8.9% increase in regulated revenues, totaling $33.6 million, and net income of $4.7 million or $0.20 per share for the first nine months of 2022. A recent regulatory rate increase is projected to add over $2.2 million in annual revenue.

Global Water Resources (NASDAQ: GWRS) has partnered with Procter & Gamble (P&G) on a $500 million manufacturing facility in Coolidge, Arizona, expected to create about 500 jobs. Construction is set to begin in 2023 and the facility will be operational by 2025. Global Water will provide essential water, wastewater, and recycled water services for the facility, and expects to start detailed design and permitting in 2023. This move positions Global Water as a key player in the region's growing industrial ecosystem, enhancing its service offerings and infrastructure.

Global Water Resources, Inc. (NASDAQ: GWRS) reported a strong Q3 2022, with regulated revenues rising by $1.2 million (11%) to $11.9 million, driven by an increase in active service connections and rate hikes. Net income grew to $1.7 million ($0.07 per share), while adjusted EBITDA surged 21% to $6.1 million. The company raised approximately $14.9 million through a public offering, intended for acquisitions and working capital. Active service connections increased by 8% to 56,134, with a new rate structure expected to add approximately $2.2 million in revenue annually, solidifying its growth strategy in the expanding Phoenix area.

Global Water Resources has announced a monthly cash dividend of $0.02458 per share, totaling $0.29496 annually. The dividend is payable on November 30, 2022, to shareholders on record by November 16, 2022. As a leader in water resource management, the company operates 25 systems mainly around metropolitan Phoenix, recycling over 1 billion gallons of water annually. Their Total Water Management approach enhances conservation and optimizes resource use in water-scarce regions.