secwatch.observer — SEC 8-K summary
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Issuer:     Global Water Resources, Inc. (GWRS)
CIK:        0001434728
Form:       8-K
Filed at:   2022-08-10T23:59:59+00:00
Accession:  0001434728-22-000279
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Global Water Q2 revenue up 7% to $11.7M; net income $2.1M; ACC approves 8% rate increase
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- Revenue rose 7.0% to $11.7M; net income $2.1M ($0.09 EPS); adjusted EBITDA up 14.3% to $6.1M.
- Active service connections increased 8.8% to 55,814; water consumption up 8.1%.
- ACC approved new water/wastewater rates for 96% of connections effective Aug 1, expected to add ~$2.2M annualized revenue.
- Completed public offering: gross proceeds ~$15.5M; credit line with Northern Trust increased from $10M to $15M.
- Signed definitive agreement to acquire Farmers Water Co., adding ~3,300 active connections in Pima County.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1434728/000143472822000279/0001434728-22-000279-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1434728/000143472822000279/gwrs-20220810.htm
  HTML page:      https://secwatch.observer/filing/0001434728-22-000279

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