Every 8-K that Global Water Resources, Inc. (GWRS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow GWRS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GWRS filings page.
Global Water Resources, Inc. (GWRS) amended its revolving credit facility with The Northern Trust Company through an Eighth Modification Agreement. The amendment extends the facility’s scheduled maturity from May 18, 2028 to August 30, 2028 and increases the maximum principal available under the revolving line of credit from $20.0 million to $30.0 million. The amendment also provides that if Global Water Resources or any affiliate completes capital market activity after the agreement date, including raising funds via an equity or debt offering, the maximum principal available will instead be $25.0 million. The agreement is described as a material definitive agreement and is filed as an exhibit.
Global Water Resources, Inc. (GWRS) entered into a Securities Purchase Agreement on August 20, 2026 for a private placement of its common stock. The company agreed to issue and sell 1,129,944 shares of common stock in a transaction exempt from registration under Section 4(a)(2) of the Securities Act and Rule 506.
The shares were sold to accredited investors, including Levine Investments Limited Partnership and director Andrew M. Cohn, at $8.85 per share, equal to the Nasdaq consolidated closing bid price immediately before signing, for an aggregate purchase price of approximately $10 million. The agreement contains customary representations, warranties and covenants, and the company has filed the full contract as an exhibit.
Global Water Resources reported strong Q2 2026 results, with total revenue up 24.8% to $17.8 million, driven by $2.1 million of ICFA unregulated revenue, the July 2025 Tucson system acquisition, organic connection growth, higher consumption, and increased rates. Regulated revenue rose 9.9% to $15.7 million. Net income increased to $2.7 million ($0.10 per diluted share) from $1.6 million ($0.06), while adjusted EBITDA grew 14.6% to $7.9 million. Adjusted net income declined to $1.3 million as higher depreciation and interest from 2025 capital investments weighed on results. The company invested $6.6 million in infrastructure in Q2, grew active service connections 5.8% to 69,429, increased water consumption 6.1% to 1.2 billion gallons, and declared monthly dividends of $0.02533 per share. Management highlighted a settlement agreement proposing a net $1.9 million rate increase centered on GW-Santa Cruz, an extended $20 million revolver to 2028, and continued expansion in Arizona’s growth corridors under its Total Water Management model.
Global Water Resources, Inc. reported the results of its 2026 Annual Meeting of Stockholders held on May 14, 2026. Stockholders elected seven directors to serve until the 2027 annual meeting, with vote totals for each nominee ranging from about 18.8 million to 19.1 million shares in favor, plus broker non-votes.
Stockholders also ratified the appointment of Deloitte & Touche LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 24,784,691 votes in favor and very few votes against or abstaining. In an advisory vote, stockholders approved the compensation of the company’s named executive officers, with 19,038,451 votes for, 777,639 against, 41,873 abstentions, and 5,000,191 broker non-votes.
Global Water Resources, Inc. reported first-quarter 2026 revenue of $13.3 million, up 6.7% year over year, driven by organic connection growth, higher consumption, rate increases, and the July 2025 acquisition of seven Tucson water systems. Water service revenue rose to $6.6 million and wastewater and recycled water revenue to $6.7 million.
The company posted a net loss of $0.4 million, or $(0.01) per share, compared with net income of $0.6 million, or $0.02 per share, a year earlier, mainly due to higher depreciation and net interest from its 2025 capital improvement plan. Adjusted EBITDA was stable at $5.6 million. The company invested $6.3 million in infrastructure during the quarter and declared monthly dividends totaling $0.08 per share for the period.
Active service connections increased 5.7% year over year to 68,885 and water consumption rose 7.9% to 902 million gallons. After quarter-end, the company reached a settlement framework with the Arizona Corporation Commission that includes an agreed annual revenue requirement increase of about $2.3 million for GW-Santa Cruz and an increased temporary bill credit of about $0.4 million annually for GW-Palo Verde customers, and it extended its $20 million revolving credit line to May 18, 2028.
Global Water Resources, Inc. entered into a Seventh Modification Agreement with The Northern Trust Company to amend its existing revolving credit facility. The line of credit continues to provide up to $20.0 million in borrowing capacity, and the scheduled maturity date is extended from May 18, 2027 to May 18, 2028. The amendment includes customary representations, warranties, and covenants consistent with the prior loan agreement.
Global Water Resources, Inc. has reached a settlement agreement for its Arizona rate cases for GW-Santa Cruz and GW-Palo Verde, subject to Arizona Corporation Commission approval. The settlement includes an increase in GW-Santa Cruz’s annual revenue requirement of approximately $2.3 million based on a 55% equity/45% debt capital structure and a 9.6% return on equity, with new rates requested to take effect on November 1, 2026. GW-Palo Verde will withdraw its current rate case and refile in 2027 using a 2026 test year, while seeking to increase a temporary bill credit by about $0.4 million annually. The company estimates the median GW-Santa Cruz customer using 5,500 gallons per month would see a bill increase of about $2.68.
Global Water Resources, Inc. reports a key development in its Arizona rate proceedings. The company’s GW-Santa Cruz water rate case has been settled among the parties, while the GW-Palo Verde wastewater rate case will be withdrawn with the intention to refile in 2027 using a 2026 test year. GW-Palo Verde will also seek authorization from the Arizona Corporation Commission to increase the bill credit for customers related to the Company’s Southwest Plant under Decision No. 79424. The company expects the settlement agreement to be filed on April 28, 2026 and related settlement testimony on May 22, 2026.
Global Water Resources reported full-year 2025 revenue of $55.8 million, up 5.8% from 2024, driven by the acquisition of seven Tucson water systems, more active connections, higher consumption, and rate increases.
Net income fell 48.9% to $3.0 million, or $0.11 per share, as a heavy 2025 capital improvement program lifted depreciation, interest expense, and led to $1.3 million of asset disposal losses tied to recommissioning the Southwest Plant. Adjusted EBITDA was essentially flat at $26.5 million, while adjusted net income declined to $3.9 million from $6.3 million. Active service connections grew 6.3% to 68,577, water consumption rose 5.9% to 4.28 billion gallons, and the company invested $67.3 million in infrastructure, funded partly by a new $15 million term loan at 5.49% and $44.1 million of equity issuance. The board maintained a monthly dividend of $0.02533 per share, or $0.30396 annualized.
Global Water Resources, Inc. entered into a new credit agreement with CoBANK for a $15,000,000 term loan at a fixed interest rate of 5.49% per year, with interest payable semi-annually and a scheduled maturity on December 10, 2035. The loan is guaranteed by key subsidiaries and secured by a pledge of equity interests in all direct and indirect subsidiaries and related collateral.
The credit agreement includes a debt service coverage ratio covenant and restrictive covenants limiting additional debt, liens, asset sales, mergers, certain affiliate transactions, and some distributions. Dividends are limited if the debt service coverage ratio falls below 1.25:1.00. Customary events of default could allow CoBANK to accelerate repayment, and separate guaranty and pledge and security agreements were executed by the company and its subsidiaries to support these obligations.
Global Water Resources, Inc. reported that its Board of Directors elected Christa Steele as a new director on November 11, 2025, with her service to begin on January 1, 2026. Starting that date, she will also join the Audit Committee and serve as Chair of the Corporate Governance, Nominating, Environmental, and Health and Safety Committee. The company states that there is no arrangement or understanding with any other person related to her selection and that she has no material interest in related-party transactions requiring disclosure. Ms. Steele will receive the same compensation as other non-employee directors, as previously described in the company’s April 4, 2025 proxy statement. A press release announcing her election is included as Exhibit 99.1.
Global Water Resources, Inc. furnished a current report to make public a press release announcing its financial results for the quarter ended September 30, 2025. The company attached the full press release as Exhibit 99.1 and stated that this information is being furnished, not filed, which affects how it is treated under securities laws. The filing was signed by Chief Financial Officer Michael J. Liebman.
Global Water Resources, Inc. updated its Arizona rate case status for two regulated utilities. The company’s applications sought a net annual revenue increase of approximately $6.5 million, an ~11% increase in the total median monthly aggregate bill, and an adjusted rate base of about $164.6 million.
Initial testimonies filed on October 1, 2025 materially differ: ACC Staff recommended a net annual revenue decrease of ~$7.1 million with an adjusted rate base of ~$78.7 million, while RUCO recommended a net annual revenue increase of ~$3.0 million and an adjusted rate base of ~$156.6 million. ACC Staff’s view reflects post-test year plant through August 1, 2025, with a request for updates on projects completed through December 31, 2025.
The parties agreed to begin settlement discussions as early as the week of October 20, 2025. Key dates: rebuttal due November 6, 2025; surrebuttal December 1, 2025; rejoinder December 10, 2025; hearing begins December 15, 2025. A Recommended Opinion and Order and the ACC vote are anticipated in the first half of 2026. The company notes that unfavorable outcomes, if adopted, could materially affect financial condition, results, and cash flows.
Global Water Resources, Inc. sold common stock in an unregistered private placement to several purchasers, including Levine Investments Limited Partnership (LILP) and Andrew M. Cohn, both of whom are significant company stockholders and directors. The purchasers acquired shares at a price equal to the Nasdaq consolidated closing bid immediately before the agreement, $10.30 per share, for an aggregate purchase price of approximately $13.1 million. The purchase was made under a Securities Purchase Agreement containing customary representations, warranties and covenants; the full agreement is filed as an exhibit. The sale is reported as an unregistered sale of equity securities and is incorporated into the filing's specified items.
Global Water Resources, Inc. filed a current report to note that it has released its financial results for the quarter ended June 30, 2025. The company announced these quarterly results through a press release dated August 13, 2025, which is included as an exhibit to the report. The press release is incorporated by reference for informational purposes but is not treated as formally filed for liability purposes under the securities laws.