{"schema_version":"secwatch.filing_event.v1","accession":"0001434728-23-000155","form_type":"8-K","ticker":"GWRS","cik":"0001434728","company_name":"Global Water Resources, Inc.","filed_at":"2023-05-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.855366+00:00","generated_at":"2026-06-16T00:48:14.706128+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Global Water Resources Q1 revenue up 31% to $13.1M; net income rises 177% to $2.5M","bullets":["Revenue $13.1M (+30.9% YoY) driven by $2.3M of ICFA fees and rate increases; net income $2.5M ($0.10 EPS) vs $0.9M ($0.04).","Active connections up 8.7% to 59,809; acquired Farmers Water utility (~3,300 connections) in Pima County, AZ in Feb 2023.","Adjusted EBITDA fell 5.7% to $4.9M due to lower Buckeye growth premiums; operating expenses up 7.9% to $9.4M.","Monthly dividend maintained at $0.02483/share ($0.29796 annualized); payable May 31, 2023 to holders of record May 17.","Management cites strong Arizona job growth and major manufacturing investments (TSMC, Intel, P&G) supporting long-term growth."],"urls":{"canonical":"https://secwatch.observer/filing/0001434728-23-000155","json":"https://secwatch.observer/filing/0001434728-23-000155.json","markdown":"https://secwatch.observer/filing/0001434728-23-000155.md","text":"https://secwatch.observer/filing/0001434728-23-000155.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1434728/000143472823000155/0001434728-23-000155-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1434728/000143472823000155/gwrs-20230502.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T00:48:14.706128+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7a481441fdeffef6acaea4388195fe168f95097e","claim":"Global Water Resources, Inc. reported first quarter ended March 31, 2023 results: revenue $13.1 million, net income $2.5 million, EPS $0.10 per share.","evidence_excerpt":"call at 1:00 p.m. Eastern time tomorrow to discuss the results (see dial-in information below). Q1 2023 Financial Highlights • Total revenue increased $3.1 million, or 30.9%, to $13.1 million, which included $2.3 million of unregulated revenues. • Net income increased $1.6 million, or 177.4%, to $2.5 million, or $0.10 per share. • Declared three monthly cash dividends","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1434728/000143472823000155/0001434728-23-000155-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$13.1 million"},{"label":"Net income","value":"$2.5 million"},{"label":"EPS","value":"$0.10 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}