Global Water Q2 revenue +11%, net income -17.5% to $1.7M; connections surpass 60k; $38.4M infrastructure activated

Global Water Resources, Inc.

2023-Q2 EPS reported $0.17 revenue$26,128,000

Total revenue $13.0M, up 11% YoY; net income $1.7M ($0.07/share) down from $2.1M due to prior year tax benefit.
Adjusted EBITDA $6.7M, +10.5% YoY; active connections 60,291 (+8% YoY) with annualized growth rate 14.3%.
Declared monthly dividend $0.02483/share ($0.29796 annualized); extended $15M revolving credit line to July 2025.
Filed Saguaro District rate case with ACC; activated ~$38.4M infrastructure in Pinal County service area.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Global Water Resources, Inc. reported quarter ended June 30, 2023 results: revenue $13.0 million, net income $1.7 million, EPS $0.07 per share.

Period: quarter ended June 30, 2023
Revenue: $13.0 million
Net income: $1.7 million
EPS: $0.07 per share
Result: reported results

Exact text from the filing

at 1:00 p.m. Eastern time tomorrow to discuss the results (see dial-in information below). Q2 2023 Financial Highlights • Total revenue increased $1.3 million , or 11.0%, to $13.0 million. • Net income decreased $0.4 million, or 17.5%, to $1.7 million, or $0.07 per share. The primary reason for the decrease is the approximate $0.7 million in tax benefit

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6 earnings releases filed in the last 30 days. Browse all earnings releases →

Global Water Resources, Inc. filing history →

Source: SEC EDGAR

accession 0001434728-23-000265

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