---
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"
generated_at: "2026-06-16T00:48:14.706128+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Global Water Resources Q1 revenue up 31% to $13.1M; net income rises 177% to $2.5M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001434728-23-000155
- JSON: https://secwatch.observer/filing/0001434728-23-000155.json
- Plain text: https://secwatch.observer/filing/0001434728-23-000155.txt

## Key facts
- Earnings Releases
  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.
  - Period: first quarter ended March 31, 2023
  - Revenue: $13.1 million
  - Net income: $2.5 million
  - EPS: $0.10 per share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1434728/000143472823000155/0001434728-23-000155-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.