Global Water Stock Price, News & Analysis

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.

Global Water Resources (GWRS) will host a conference call on November 10, 2022, at 1:00 p.m. ET to discuss its Q3 2022 financial results, which will be released beforehand. The call will include a presentation followed by a Q&A session. Investors can join by calling the provided toll-free numbers or via an online webcast. The company is known for its effective Total Water Management approach, operating 25 water systems primarily around Phoenix and recycling over 1 billion gallons annually. A replay will be available from 4:00 p.m. ET that day until November 24, 2022.

Global Water Resources (NASDAQ: GWRS) has announced a monthly cash dividend of $0.02458 per common share, totaling an annualized amount of $0.29496. This dividend will be payable on October 31, 2022, to shareholders recorded by the close of business on October 17, 2022. The company operates 25 systems providing essential water services in the Phoenix area and is recognized for its effective Total Water Management approach, which integrates water, wastewater, and recycled water services, promoting conservation in a growing metropolitan region.

Global Water Resources, Inc. (NASDAQ: GWRS) will present at the Janney Water Utilities Conference on September 22, 2022. CEO Ron Fleming will participate in a fireside chat at 3:00 p.m. ET, discussing the company’s 7% revenue growth in Q2 2022, reaching $11.7 million, and a net income of $2.1 million. Additionally, the recent rate increase approval is expected to boost annual revenue by approximately $2.2 million. The presentation will be available for live streaming and replay on the company's website.

Global Water Resources, Inc. (NASDAQ: GWRS) announced a monthly cash dividend of $0.02458 per common share, totaling $0.29496 annually. This dividend, payable on September 30, 2022, is for shareholders recorded by September 16, 2022.

The company is a leader in water resource management, operating 25 systems primarily around metropolitan Phoenix and recycling over 1 billion gallons of water annually through its Total Water Management approach.

Global Water Resources (GWRS) reported strong Q2 2022 results with revenues rising 7.0% to $11.7 million, driven by an 8.8% increase in active service connections. Net income increased by 6.3% to $2.1 million, and adjusted EBITDA grew 14.3% to $6.1 million. The company declared a monthly cash dividend and expects an annualized revenue increase of $2.2 million from new rates approved by the Arizona Corporation Commission. With a successful equity capital raise of $15.5 million, GWRS is positioned for growth through acquisitions and infrastructure investments.