---
schema_version: "secwatch.filing_event.v1"
accession: "0001434728-23-000355"
form_type: "8-K"
ticker: "GWRS"
cik: "0001434728"
company_name: "Global Water Resources, Inc."
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T06:25:44.618207+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Global Water Resources Q3 revenue up 22.2%, net income up 56.2%; announces $20M note offering

## Summary
- Total revenue $14.5M (+22.2% YoY); net income $2.6M ($0.11 EPS) vs $1.7M ($0.07 EPS) a year ago.
- Adjusted EBITDA $7.6M (+24.5% YoY); active connections up 8.7% to 61,036.
- Declared monthly dividend of $0.02483/share ($0.29796 annualized), payable Nov 30, 2023.
- Entered $20M 6.91% Senior Secured Notes due Jan 2034; proceeds for refinancing and capex; closing expected Jan 3, 2024.
- Management cites rebound in housing permits: Maricopa single-family permits up 62% YoY in Q3.

## SEC filing metadata
- accession: 0001434728-23-000355
- form_type: 8-K
- ticker: GWRS
- cik: 0001434728
- company_name: Global Water Resources, Inc.
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1434728/000143472823000355/0001434728-23-000355-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1434728/000143472823000355/gwrs-20231108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001434728-23-000355
- JSON: https://secwatch.observer/filing/0001434728-23-000355.json
- Plain text: https://secwatch.observer/filing/0001434728-23-000355.txt

## Key facts
- Earnings Releases
  Global Water Resources, Inc. reported the third quarter ended September 30, 2023 results: revenue $14.5 million, net income $2.6 million, EPS $0.11 per share.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $14.5 million
  - Net income: $2.6 million
  - EPS: $0.11 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). Q3 2023 Financial Highlights • Total revenue increased $2.6 million or 22.2% to $14.5 million, which included $0.5 million of unregulated revenues. Regulated revenue (excluding unregulated revenue) increased $2.1 million or 17.8%. • Net income increased $0.9 million or
  evidence_url: https://www.sec.gov/Archives/edgar/data/1434728/000143472823000355/0001434728-23-000355-index.htm

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