Global Water Resources, Inc., a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water utilities primarily in metropolitan Phoenix, Arizona. As of December 31, 2020, it served approximately 66,000 people in 24,000 homes. The company was founded in 2003 and is based in Phoenix, Arizona.
IPO Year: 2016
Exchange: NASDAQ
Website: gwresources.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/19/2022 | $17.00 | Buy | Janney |
| 9/23/2021 | $19.00 → $21.00 | Buy | Roth Capital |
10-Q - Global Water Resources, Inc. (0001434728) (Filer)
8-K - Global Water Resources, Inc. (0001434728) (Filer)
SCHEDULE 13D - Global Water Resources, Inc. (0001434728) (Subject)
8-K - Global Water Resources, Inc. (0001434728) (Filer)
DEFA14A - Global Water Resources, Inc. (0001434728) (Filer)
DEF 14A - Global Water Resources, Inc. (0001434728) (Filer)
8-K - Global Water Resources, Inc. (0001434728) (Filer)
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424B5 - Global Water Resources, Inc. (0001434728) (Filer)
8-K - Global Water Resources, Inc. (0001434728) (Filer)
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PHOENIX, May 14, 2025 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ:GWRS), a pure-play water resource management company, reported results for the first quarter ended March 31, 2025. All comparisons are to the same year-ago period unless otherwise noted. The company will hold a conference call at 1:00 p.m. Eastern time tomorrow to discuss the results (see dial-in information below). Q1 2025 Financial Highlights Total revenue increased 7.3% to $12.5 million, primarily due to organic connection growth and increased consumption.Net income decreased 14.5% to $0.6 million or $0.02 per share from $0.7 million or $0.03 per share.Adjusted EBITDA, a non-GAAP term, increased 4.4% to $5.
PHOENIX, April 30, 2025 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ:GWRS), a pure-play water resource management company, has declared under its dividend policy a monthly cash dividend in the amount of $0.02533 per common share (an annual dividend rate of $0.30396 per share). The dividend will be payable on May 30, 2025, to holders of record at the close of business on May 16, 2025. About Global Water Resources Global Water Resources, Inc. is a leading water resource management company that owns and operates 32 systems which provide water, wastewater, and recycled water service. The company's service areas are located primarily in growth corridors around metropolitan Phoeni
PHOENIX, April 23, 2025 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ:GWRS), a pure-play water resource management company, has received approval from the Arizona Corporation Commission (ACC) to establish new water rates for its Global Water - Farmers Water Company, Inc. (GW-Farmers) utility located in Pima County, Arizona. The approved new rates are expected to result in an approximately $1.1 million increase in annual revenue based on 2023 test-year service connections. GW-Farmers will implement the rate increase in three stages: 50% on May 1, 2025, 25% on November 1, 2025, and the remaining 25% on May 1, 2026. In addition to the rate increase, the ACC approved a deferral o
PHOENIX, April 23, 2025 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ:GWRS), a pure-play water resource management company, will hold a conference call on Thursday, May 15, 2025 at 1:00 p.m. Eastern time to discuss results for the first quarter ended March 31, 2025. The financial results will be issued in a press release prior to the call. Global Water Resources management will host the presentation, followed by a question-and-answer period. Date: Thursday, May 15, 2025Time: 1:00 p.m. Eastern time (10:00 a.m. Pacific time)Toll-free dial-in number: 1-833-816-1435International dial-in number: 1-412-317-0527Conference ID: 10199311Webcast (live and replay): here The conference ca
PHOENIX, March 31, 2025 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ:GWRS), a pure-play water resource management company, has declared under its dividend policy a monthly cash dividend in the amount of $0.02533 per common share (an annual dividend rate of $0.30396 per share). The dividend will be payable on April 30, 2025, to holders of record at the close of business on April 16, 2025. About Global Water Resources Global Water Resources, Inc. is a leading water resource management company that owns and operates 32 systems which provide water, wastewater, and recycled water service. The company's service areas are located primarily in growth corridors around metropolitan Ph
PHOENIX, March 27, 2025 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ:GWRS), a pure- play water resource management company, today announced that it completed a public offering of 3,220,000 shares of its common stock at a previously disclosed price of $10.00 per share, which includes 420,000 shares issued and sold to the underwriters who exercised in full the option to purchase additional shares of common stock. Certain existing stockholders, including certain directors and/or their affiliates, purchased an aggregate of 1,439,200 shares of common stock in the offering. The gross proceeds to the company from the offering are approximately $32.2 million before deducting underwr
PHOENIX, March 26, 2025 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ:GWRS), a pure-play water resource management company, today announced the pricing of an underwritten public offering of 2,800,000 shares of its common stock at a price to the public of $10.00 per share. Certain existing stockholders, including certain directors and/or their affiliates, have agreed to purchase an aggregate of 1,439,200 shares of our common stock in the offering. All of the shares are being sold by the company. The gross proceeds to the company from the offering, before deducting underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $28 million
PHOENIX, March 25, 2025 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ:GWRS), a pure-play water resource management company, today announced that it has commenced an underwritten public offering of shares of its common stock. All of the shares are being offered by the company. In addition, the company expects to grant the underwriters for the offering a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the offering at the public offering price, less underwriting discounts and commissions. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the
PHOENIX, March 10, 2025 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ:GWRS), a pure-play water resource management company, has filed a general rate case application with the Arizona Corporation Commission (ACC) related to the Global Water – Santa Cruz Water Company, Inc. (GW-Santa Cruz) and Global Water – Palo Verde Utilities Company, Inc. (GW-Palo Verde) that provide water, wastewater and recycled water services in Pinal County, Arizona. These two utilities are the company's largest, collectively representing 57,842 active service connections across 207 square miles of ACC-designated service areas—or about 89.6% of the company's total active service connections.
PHOENIX, March 05, 2025 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ:GWRS), a pure-play water resource management company, reported results for the full year ended December 31, 2024. All comparisons are to the same year-ago period unless otherwise noted. The company will hold a conference call at 1:00 p.m. Eastern time tomorrow to discuss the results (see dial-in information below). Financial Highlights Regulated revenue increased 4.9% to $52.7 million, primarily due to organic connection growth.Total revenue decreased 0.6% to $52.7 million, with the decline due to $2.8 million in unregulated revenue related to infrastructure coordination and financing agreements
Janney initiated coverage of Global Water Resources with a rating of Buy and set a new price target of $17.00
Roth Capital reiterated coverage of Global Water Resources with a rating of Buy and set a new price target of $21.00 from $19.00 previously
Roth Capital reiterated coverage of Global Water Resources with a rating of Buy and set a new price target of $19.00 from $12.50 previously
PHOENIX, April 30, 2025 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ:GWRS), a pure-play water resource management company, has declared under its dividend policy a monthly cash dividend in the amount of $0.02533 per common share (an annual dividend rate of $0.30396 per share). The dividend will be payable on May 30, 2025, to holders of record at the close of business on May 16, 2025. About Global Water Resources Global Water Resources, Inc. is a leading water resource management company that owns and operates 32 systems which provide water, wastewater, and recycled water service. The company's service areas are located primarily in growth corridors around metropolitan Phoeni
PHOENIX, April 23, 2025 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ:GWRS), a pure-play water resource management company, will hold a conference call on Thursday, May 15, 2025 at 1:00 p.m. Eastern time to discuss results for the first quarter ended March 31, 2025. The financial results will be issued in a press release prior to the call. Global Water Resources management will host the presentation, followed by a question-and-answer period. Date: Thursday, May 15, 2025Time: 1:00 p.m. Eastern time (10:00 a.m. Pacific time)Toll-free dial-in number: 1-833-816-1435International dial-in number: 1-412-317-0527Conference ID: 10199311Webcast (live and replay): here The conference ca
PHOENIX, March 31, 2025 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ:GWRS), a pure-play water resource management company, has declared under its dividend policy a monthly cash dividend in the amount of $0.02533 per common share (an annual dividend rate of $0.30396 per share). The dividend will be payable on April 30, 2025, to holders of record at the close of business on April 16, 2025. About Global Water Resources Global Water Resources, Inc. is a leading water resource management company that owns and operates 32 systems which provide water, wastewater, and recycled water service. The company's service areas are located primarily in growth corridors around metropolitan Ph
PHOENIX, March 05, 2025 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ:GWRS), a pure-play water resource management company, reported results for the full year ended December 31, 2024. All comparisons are to the same year-ago period unless otherwise noted. The company will hold a conference call at 1:00 p.m. Eastern time tomorrow to discuss the results (see dial-in information below). Financial Highlights Regulated revenue increased 4.9% to $52.7 million, primarily due to organic connection growth.Total revenue decreased 0.6% to $52.7 million, with the decline due to $2.8 million in unregulated revenue related to infrastructure coordination and financing agreements
PHOENIX, March 04, 2025 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ:GWRS), a pure-play water resource management company, has been invited to attend the 37th Annual ROTH Conference being held at The Laguna Cliffs Marriott in Dana Point, California, on March 16-18, 2025. The conference will feature on-demand presentations by companies across a range of industry sectors, in-person one-on-one and small group meetings, industry panels, and fireside chats. Past conferences have attracted more than 5,000 participants, comprised of institutional investors, family offices, high-net-worth investors, and equity analysts.On March 17-18, Global Water Resources CEO, Ron Fleming, and CF
PHOENIX, Feb. 28, 2025 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ:GWRS), a pure-play water resource management company, has declared under its dividend policy a monthly cash dividend in the amount of $0.02533 per common share (an annual dividend rate of $0.30396 per share). The dividend will be payable on March 31, 2025, to holders of record at the close of business on March 17, 2025. About Global Water Resources Global Water Resources, Inc. is a leading water resource management company that owns and operates 32 systems which provide water, wastewater, and recycled water services. The company's service areas are located primarily in growth corridors around metropoli
PHOENIX, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ:GWRS), a pure-play water resource management company, will hold a conference call on Thursday, March 6, 2025 at 1:00 p.m. Eastern time to discuss results for the fourth quarter ended December 31, 2024. The financial results will be issued in a press release prior to the call. Global Water Resources management will host the presentation, followed by a question-and-answer period. Date: Thursday, March 6, 2025Time: 1:00 p.m. Eastern time (10:00 a.m. Pacific time)Toll-free dial-in number: 1-833-816-1435International dial-in number: 1-412-317-0527Conference ID: 10196547Webcast (live and replay): here The conferen
PHOENIX, Jan. 31, 2025 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ:GWRS), a pure-play water resource management company, has declared under its dividend policy a monthly cash dividend in the amount of $0.02533 per common share (an annual dividend rate of $0.30396 per share). The dividend will be payable on February 28, 2025, to holders of record at the close of business on February 14, 2025. About Global Water Resources Global Water Resources, Inc. is a leading water resource management company that owns and operates 32 systems which provide water, wastewater, and recycled water services. The company's service areas are located primarily in growth corridors around metropoli
PHOENIX, Dec. 30, 2024 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ:GWRS), a pure-play water resource management company, has declared under its dividend policy a monthly cash dividend in the amount of $0.02533 per common share (an annual dividend rate of $0.30396 per share). The dividend will be payable on January 31, 2025, to holders of record at the close of business on January 17, 2025. About Global Water Resources Global Water Resources, Inc. is a leading water resource management company that owns and operates 32 systems which provide water, wastewater, and recycled water services. The company's service areas are located primarily in growth corridors around metropolita
PHOENIX, Nov. 27, 2024 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ:GWRS), a pure-play water resource management company, has increased its dividend by 1% and declared under its dividend policy an increased monthly cash dividend in the amount of $0.02533 per common share. The increased monthly distribution represents a new annualized dividend rate of $0.30396 per share, an increase of $0.003 per share from the previous annual rate of $0.30096 per share. The dividend will be payable on December 30, 2024, to holders of record at the close of business on December 16, 2024. "Our regulated revenue and net income growth has been driven by increases in active connections and regula
PHOENIX, May 10, 2024 (GLOBE NEWSWIRE) -- Global Water Resources, Inc., ("the Company"), (NASDAQ:GWRS), a pure-play water resource management company, announced that the nominees listed in the Proxy Statement, dated March 26, 2024, for the 2024 Annual Meeting of Stockholders ("the Meeting") were selected as Directors of the Company. As of the March 14, 2024 record date for the determination of the shareholders entitled to notice of and to vote at the meeting, 24,175,947 shares of common stock were outstanding and eligible to vote. A total of 20,682,036 shares were voted in person or by proxy at the meeting. The results of the vote for the election of the Directors at the Meeting were as fo
PHOENIX, May 03, 2023 (GLOBE NEWSWIRE) -- Global Water Resources Inc., ("the Company"), (NASDAQ:GWRS), announced that the nominees listed in the Proxy Statement, dated March 25, 2023, for the 2023 Annual Meeting of Stockholders ("the Meeting") were selected as Directors of the Company. As of the March 13, 2023, record date for the determination of the shareholders entitled to notice of and to vote at the meeting, 23,871,046 shares of common stock were outstanding and eligible to vote. A total of 21,041,848 shares were voted in person or by proxy at the meeting. The results of the vote for the election of the Directors at the Meeting were as follows: Votes For% of Total Shares VotedVotes
PHOENIX, Feb. 07, 2023 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ:GWRS), (TSX:GWR), a pure-play water resource management company, has appointed noted utility industry leader, Chris Krygier, to the new position of chief operations officer. He previously served as the company's chief strategy officer since June 2020. Chris Krygier, COO of Global Water Resources As COO, Krygier will be responsible for Global Water's regulated water and wastewater utility operations across its expanding footprint in Arizona, including continuing to oversee the company's business development and regulatory affairs. Krygier will also continue to lead the company's acquisition and growth initiat
PHOENIX, May 06, 2022 (GLOBE NEWSWIRE) -- Global Water Resources Inc., ("the Company"), (NASDAQ:GWRS), (TSX:GWR), announced that the nominees listed in the Proxy Statement, dated March 25, 2022, for the 2022 Annual Meeting of Stockholders ("the Meeting") were selected as Directors of the Company. As of the March 17, 2022 record date for the determination of the shareholders entitled to notice of and to vote at the meeting, 22,649,242 shares of common stock were outstanding and eligible to vote. A total of 19,142,522 shares were voted in person or by proxy at the meeting. The results of the vote for the election of the Directors at the Meeting were as follows: Votes For% of Total Shares Vo
PHOENIX, May 07, 2021 (GLOBE NEWSWIRE) -- Global Water Resources Inc., ("the Company"), (NASDAQ:GWRS), (TSX:GWR), announced that the nominees listed in the Proxy Statement, dated March 29, 2021, for the 2021 Annual Meeting of Stockholders ("the Meeting") were selected as Directors of the Company. As of the March 17, 2021 record date for the determination of the shareholders entitled to notice of and to vote at the meeting, 22,587,996 shares of common stock were outstanding and eligible to vote. A total of 19,197,507 shares were voted in person or by proxy at the meeting. The results of the vote for the election of the Directors at the Meeting were as follows: Votes For% of Total SharesVot
BOSTON--(BUSINESS WIRE)--Axius Water, the leading water quality solutions platform created by KKR and XPV Water Partners to address pressing water quality challenges across the globe, today unveiled its new corporate name and announced the appointment of Gretchen McClain and Debra Coy to the Company’s Board as Independent Directors. Axius Water is the new name for the platform established by KKR’s Global Impact Fund and XPV Water Partners in December 2019 with the foundational acquisitions of Nexom and Environmental Operating Solutions, Inc (EOSi), and the subsequent acquisition of Environmental Dynamics International (EDI) in June 2020. The platform is led by veteran executive C
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