Global Water Resources Q2 2024 Revenue Rises 3.9% to $13.5M, Connections Up 4.9%

Global Water Resources, Inc.

2024-Q2 EPS reported $0.10 revenue$25,120,000

Total revenue increased 3.9% to $13.5 million; net income decreased 0.5% to $1.7 million.
Active service connections grew 4.9% to 63,256; declared monthly dividend of $0.02508 per share.
Agreed to acquire seven water systems from City of Tucson for approximately $8.4 million.
Entered $2.4 million loan with Water Infrastructure Finance Authority of Arizona for GW-Rincon utility.
ACC approved ~$0.4 million annual revenue increase for seven Pima County utilities, phased in from July 2024.

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