secwatch.observer — SEC 8-K summary
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Issuer:     Global Water Resources, Inc. (GWRS)
CIK:        0001434728
Form:       8-K
Filed at:   2024-03-07T23:59:59+00:00
Accession:  0001434728-24-000090
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1434728/000143472824000090/0001434728-24-000090-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1434728/000143472824000090/gwrs-20240306.htm
  HTML page:      https://secwatch.observer/filing/0001434728-24-000090

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer