Global Water Resources FY2024 net income down 27.5% to $5.8M; regulated revenue up 4.9%

Global Water Resources, Inc.

Net income $5.8M ($0.24/sh) vs $8.0M ($0.33/sh) in 2023; adjusted net income $6.3M ($0.26/sh), up 2.0%.
Regulated revenue $52.7M (+4.9%); total revenue $52.7M (-0.6%) due to $2.8M non-recurring ICFA revenue in 2023.
Active service connections up 4.4% to 64,520; dividend raised to $0.30396 annualized.
Filed GW-Farmers rate case settlement ($1.1M annualized) and new rate case for GW-Santa Cruz/Palo Verde ($6.5M).
ACC permit to acquire 7 Tucson water systems (~2,200 connections) expected H1 2025.

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