---
schema_version: "secwatch.filing_event.v1"
accession: "0001434728-24-000155"
form_type: "8-K"
ticker: "GWRS"
cik: "0001434728"
company_name: "Global Water Resources, Inc."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T05:23:34.753232+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Global Water Resources Q1: regulated revenue up 6.9%, net income falls on ICFA timing

## Summary
- Total revenue $11.6M (-11.6% YoY); regulated revenue $11.6M (+6.9%) on 4.4% more connections (62,451).
- Net income $0.7M ($0.03 EPS) vs $2.5M ($0.10) YoY, due to $2.3M ICFA revenue in Q1 2023 not recurring.
- Adjusted EBITDA $5.4M, up 4.5% YoY; monthly dividend maintained at $0.02508/share ($0.30096 annualized).
- Subsidiary agreed to buy 7 water systems from City of Tucson for $8.4M cash, serving ~2,200 connections.
- Saguaro District rate case settlement hearing held; ACC decision expected June 11, 2024.

## SEC filing metadata
- accession: 0001434728-24-000155
- form_type: 8-K
- ticker: GWRS
- cik: 0001434728
- company_name: Global Water Resources, Inc.
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1434728/000143472824000155/0001434728-24-000155-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1434728/000143472824000155/gwrs-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001434728-24-000155
- JSON: https://secwatch.observer/filing/0001434728-24-000155.json
- Plain text: https://secwatch.observer/filing/0001434728-24-000155.txt

## Key facts
- Earnings Releases
  Global Water Resources, Inc. reported the first quarter ended March 31, 2024 results: revenue total revenue decreased $1.5 million or 11.6% to $11.6 million, net income Net income was $0.7 million or $0.03 per share, EPS $0.03 per share.
  - Period: the first quarter ended March 31, 2024
  - Revenue: total revenue decreased $1.5 million or 11.6% to $11.6 million
  - Net income: Net income was $0.7 million or $0.03 per share
  - EPS: $0.03 per share
  - Result: reported results
  source text: will hold a conference call at 1:00 p.m. Eastern time tomorrow to discuss the results (see dial-in information below). Q1 2024 Financial Highlights • Total revenue decreased $1.5 million or 11.6% to $11.6 million, primarily attributable to the recognition of $2.3 million in unregulated revenue related to infrastructure coordination and financing agreements
  evidence_url: https://www.sec.gov/Archives/edgar/data/1434728/000143472824000155/0001434728-24-000155-index.htm

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