---
schema_version: "secwatch.filing_event.v1"
accession: "0001434728-24-000090"
form_type: "8-K"
ticker: "GWRS"
cik: "0001434728"
company_name: "Global Water Resources, Inc."
filed_at: "2024-03-07T23:59:59+00:00"
generated_at: "2026-06-05T01:22:40.589100+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Global Water Resources Q4 revenue up 11.4% to $12.4M; full-year net income $8.0M

## Summary
- Q4 net income $1.1M ($0.05 EPS); full-year net income $8.0M ($0.33 EPS) vs $5.5M ($0.24) in 2022.
- Full-year revenue $53.0M (+18.6%); adjusted EBITDA $25.3M (+10.8%) on rate hikes and Farmers Water acquisition.
- Active service connections up 9.8% to 61,791; organic growth 3.7% excluding Farmers Water.
- Dividend raised to $0.30096 annualized; monthly $0.02508 paid Dec 28, 2023; next payable Mar 29, 2024.
- Issued $20M senior secured notes at 6.91% due 2034; ACC rate case settlement recommends $351K annual revenue increase.

## SEC filing metadata
- accession: 0001434728-24-000090
- form_type: 8-K
- ticker: GWRS
- cik: 0001434728
- company_name: Global Water Resources, Inc.
- filed_at: 2024-03-07T23:59:59+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/1434728/000143472824000090/0001434728-24-000090-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1434728/000143472824000090/gwrs-20240306.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001434728-24-000090
- JSON: https://secwatch.observer/filing/0001434728-24-000090.json
- Plain text: https://secwatch.observer/filing/0001434728-24-000090.txt

## Key facts
- Earnings Releases
  Global Water Resources, Inc. reported the full year ended December 31, 2023 results: revenue $53.0 million, net income $8.0 million or $0.33 per share.
  - Period: the full year ended December 31, 2023
  - Revenue: $53.0 million
  - Net income: $8.0 million or $0.33 per share
  - Result: reported results
  source text: Total revenue increased $8.3 million or 18.6% to $53.0 million for the full year, which included $2.8 million of unregulated revenues.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1434728/000143472824000090/0001434728-24-000090-index.htm
- Earnings Releases
  Global Water Resources, Inc. reported the quarter ended December 31, 2023 results: revenue $12.4 million, net income $1.1 million, or $0.05 per share.
  - Period: the quarter ended December 31, 2023
  - Revenue: $12.4 million
  - Net income: $1.1 million, or $0.05 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). Financial Highlights • Total revenue increased $1.3 million or 11.4% to $12.4 million in the fourth quarter of 2023 . Total revenue increased $8.3 million or 18.6% to $53.0 million for the full year, which included $2.8 million of unregulated revenues. • Net
  evidence_url: https://www.sec.gov/Archives/edgar/data/1434728/000143472824000090/0001434728-24-000090-index.htm

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