secwatch.observer — SEC 8-K summary
======================================

Issuer:     Global Water Resources, Inc. (GWRS)
CIK:        0001434728
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001434728-24-000379
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Global Water Resources Q3 net income up 11% to $2.9M; adjusted EBITDA $8.2M
---------------------------------------------------------------------------

- Total revenue $14.3M, down 1.5% YoY due to $0.5M non-recurring ICFA revenue; regulated revenue up 2.2%.
- Net income $2.9M ($0.12 EPS) vs $2.6M ($0.11 EPS) YoY, up 11%.
- Adjusted EBITDA $8.2M, up 7.2% vs $7.6M.
- Active connections up 4.7% to 63,889; annualized connection growth rate 4.5%.
- Plans to acquire 2,200-connection system from City of Tucson by early 2025, pending ACC approval.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1434728/000143472824000379/0001434728-24-000379-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1434728/000143472824000379/gwrs-20241106.htm
  HTML page:      https://secwatch.observer/filing/0001434728-24-000379

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