secwatch.observer — SEC 8-K summary
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Issuer:     Global Water Resources, Inc. (GWRS)
CIK:        0001434728
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0001434728-22-000155
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GWRS Q1 2022 revenue $10.0M (+8.3%); net income turns positive to $0.9M
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- Revenue $10.0M, up 8.3% YoY, driven by organic growth and Las Quintas connection additions.
- Net income $0.9M ($0.04 EPS) vs net loss of $0.2M (($0.01) EPS) in Q1 2021.
- Adjusted EBITDA $5.2M, a 45.2% increase from $3.6M a year earlier.
- Active connections up 9.7% to 55,012; signed definitive agreement to acquire Farmers Water Co. (~3,300 connections).
- Monthly dividend maintained at $0.02458 ($0.29496 annualized); rate case decision now expected in Q2 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1434728/000143472822000155/0001434728-22-000155-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1434728/000143472822000155/gwrs-20220504.htm
  HTML page:      https://secwatch.observer/filing/0001434728-22-000155

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer