Global Water Stock Price, News & Analysis

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.

Global Water Resources, Inc. (NASDAQ: GWRS) announced the completion of a public offering of 1,150,000 shares at $13.50 per share, generating gross proceeds of approximately $15.5 million. The offering included 150,000 shares sold to the underwriter, Roth Capital Partners, who exercised their full option for additional shares. The net proceeds will be used for acquisitions, working capital, and general corporate purposes. This offering was made under a previously filed registration statement that is effective with the SEC.

Global Water Resources, Inc. (NASDAQ: GWRS) has announced a monthly cash dividend of $0.02458 per common share, amounting to an annualized $0.29496 per share. This dividend is payable on August 31, 2022, to shareholders recorded as of August 17, 2022. The company operates 25 systems providing essential water services and recycles over 1 billion gallons of water annually. Its Total Water Management program maximizes resource efficiency in water-scarce areas, supporting growth in metropolitan Phoenix.

Global Water Resources (NASDAQ: GWRS) announced a public offering of 1,000,000 shares at $13.50 per share, aiming for gross proceeds of $13.5 million. The offering is expected to close around August 1, 2022, with a 30-day option for underwriters to purchase an additional 150,000 shares. Proceeds will be utilized for acquisitions and general corporate purposes. Roth Capital Partners is managing the offering. The company operates 25 systems providing water and wastewater services, recycling nearly 1 billion gallons of water annually.

Global Water Resources (NASDAQ: GWRS) has announced an underwritten public offering of its common stock, with an option for the underwriter to purchase an additional 15% of shares. The offering aims to raise capital for acquisitions and general corporate needs. Roth Capital Partners is the sole manager of the offering. The company’s registration statement was effective as of September 8, 2020, and details will be available through SEC filings. Market and other conditions may impact the offering, with no guarantees on completion or terms.

Global Water Resources (NASDAQ: GWRS) will hold a conference call on August 11, 2022, at 1:00 p.m. Eastern time to discuss its second-quarter results ending June 30, 2022. A press release with financial results will be issued before the call. The conference will include a presentation and a Q&A session. Participants can join via toll-free or international dial-in numbers, or listen to the webcast. Global Water manages 25 systems offering water and wastewater services, recycling over 1 billion gallons annually, and implements Total Water Management to optimize resources.