Highest-materiality recent filing
Global Water Resources expands revolving credit facility to $30M, extends maturity to Aug 2028
Amended revolver with Northern Trust: borrowing capacity raised from $20M to $30M (or $25M if capital markets activity occurs).
Global Water Resources raises ~$10M via private placement of 1.13M shares at $8.85
Private placement of 1,129,944 shares of common stock at $8.85/share, gross proceeds ~$10M.
Global Water Resources Q2 revenue up 24.8% to $17.8M; net income $2.7M
Q2 revenue $17.8M (+24.8% YoY); regulated revenue $15.7M (+9.9%), unregulated ICFA $2.1M.
Elected seven directors with over 18.8M votes each; broker non-votes of ~5M.
Revenue up 6.7% YoY to $13.3M; net loss of $0.4M vs net income $0.6M in Q1 2025.
Global Water Resources extends revolving credit facility maturity to May 2028
$20M revolving line of credit with Northern Trust extended one year to May 18, 2028.
GWRS subsidiaries reach settlement on rate cases; Santa Cruz to get $2.3M revenue increase
GW-Santa Cruz annual revenue increase of ~$2.3M with $63.6M rate base, 9.6% ROE, 55% equity/45% debt.
Global Water Resources settles Santa Cruz rate case; Palo Verde to refile in 2027
GW-Santa Cruz rate case settled as part of bifurcation agreement filed April 14, 2026.
Global Water Resources FY 2025 revenue up 5.8% to $55.8M but net income falls 48.9% to $3.0M
Net income $3.0M ($0.11 EPS) vs $5.8M ($0.24) in 2024; adjusted EPS $0.14 vs $0.26.
Global Water Resources secures $15M term loan from CoBANK at 5.49% fixed, maturing 2035
$15M term loan with fixed rate 5.49% p.a., interest payable semi-annually starting June 15, 2026.
Global Water Resources appoints Christa Steele to board, effective Jan 1, 2026
Steele succeeds Debra G. Coy, who is resigning at year end; board size remains seven with four independent directors.
Q3 revenue +8.4% to $15.5M; net income down 41% to $1.7M ($0.06/sh)
Net income $1.7M ($0.06 EPS) vs $2.9M ($0.12 EPS) YoY; Adjusted EBITDA down 5% to $7.8M.
GWRS rate case: ACC Staff recommends $7.1M revenue decrease vs company's $6.5M increase request
Company sought ~$6.5M net annual revenue increase; ACC Staff recommends ~$7.1M decrease; RUCO recommends ~$3.0M increase.
Global Water Resources raises $13.1M via private placement of 1.27M shares to insiders
Issued 1,270,572 shares at $10.30 each for aggregate proceeds of $13.1 million.
Global Water Resources Q2 revenue up 5.4% to $14.2M, net income slips to $1.6M
Net income of $1.6M ($0.06 EPS) vs $1.7M ($0.07 EPS) year ago; adjusted EBITDA up 2.1% to $6.9M.
GWRS director Debra Coy to retire from board effective Dec 31, 2025
Director Debra Coy notified Global Water Resources of her retirement from the Board, effective December 31, 2025.
GWRS shareholders elect directors, ratify Deloitte, approve say-on-pay at 2025 annual meeting
All seven director nominees elected with 17.5M–19.0M votes for; broker non-votes ~1.0M.
Active connections up 4.3% to 65,163; water consumption +24.2% to 0.84B gallons.
GWRS extends revolver maturity to May 2027, increases borrowing capacity to $20M
Credit line increased from $15M to $20M; maturity extended from July 1, 2026 to May 18, 2027.
Global Water Resources closes $32.2M public offering of common stock
Closed offering of 3,220,000 shares at $10.00/share including full exercise of 420,000-share over-allotment.
GWRS subsidiaries file rate cases seeking $6.5M annual revenue increase, 11% bill hike
Two largest subsidiaries (89.6% of connections) filed rate cases with AZ Corporation Commission for water/wastewater rates.
Global Water Resources FY2024 net income down 27.5% to $5.8M; regulated revenue up 4.9%
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%.
Global Water Resources plans rate case filing seeking ~11% hike for two utilities
Intends to file rate case in 2025 for GW-Santa Cruz and GW-Palo Verde with Arizona Corporation Commission.
GWRS enters new employment agreements with CEO, CFO, COO effective Jan 1, 2025
CEO Fleming receives base salary of $385k in 2025, rising to $402.5k in 2026; target incentive up to 100% of base.
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%.
Global Water Resources Q2 2024 Revenue Rises 3.9% to $13.5M, Connections Up 4.9%
Total revenue increased 3.9% to $13.5 million; net income decreased 0.5% to $1.7 million.
Global Water Resources extends revolver maturity to July 2026
Extended $15M revolving credit facility maturity from July 1, 2025 to July 1, 2026 via Fifth Modification Agreement.
Global Water Resources corrects auditor consent to include omitted registration statements
Original consent for 2023 10-K omitted references to Registration Statements on Form S-3 and S-8.
Stockholders approve 967,010-share increase in 2020 Omnibus Incentive Plan
Approved amendment increases total authorized shares from 1,170,000 to 2,137,010.
Stockholders approve all four proposals at 2024 annual meeting
All seven director nominees elected; each received over 17.7M votes for (1.02M broker non-votes).
Global Water Resources Q1: regulated revenue up 6.9%, net income falls on ICFA timing
Total revenue $11.6M (-11.6% YoY); regulated revenue $11.6M (+6.9%) on 4.4% more connections (62,451).
Global Water Resources Q4 revenue up 11.4% to $12.4M; full-year net income $8.0M
Q4 net income $1.1M ($0.05 EPS); full-year net income $8.0M ($0.33 EPS) vs $5.5M ($0.24) in 2022.
Global Water Resources issues $20M of 6.91% Senior Secured Notes due 2034
Issued $20M aggregate principal of 6.91% Senior Secured Notes on Jan 3, 2024.
Global Water Resources Q3 revenue up 22.2%, net income up 56.2%; announces $20M note offering
Total revenue $14.5M (+22.2% YoY); net income $2.6M ($0.11 EPS) vs $1.7M ($0.07 EPS) a year ago.
Global Water Resources issues $20M of 6.91% Senior Secured Notes due 2034
$20M aggregate principal of 6.91% Senior Secured Notes due Jan 3, 2034, sold to Jackson National Life Insurance.
Total revenue $13.0M, up 11% YoY; net income $1.7M ($0.07/share) down from $2.1M due to prior year tax benefit.
Maturity extended from July 1, 2024 to July 1, 2025 under third amendment with Northern Trust.
Global Water Resources raises $2.78M private placement at $12.07/share
Issued 230,000 shares at $12.07 per share for aggregate proceeds of ~$2.78 million to two accredited investors.
Global Water Resources shareholders elect directors, ratify auditor, approve say-on-pay
Seven directors elected with votes for ranging from 17.9M to 19.7M.
Global Water Resources Q1 revenue up 31% to $13.1M; net income rises 177% to $2.5M
Revenue $13.1M (+30.9% YoY) driven by $2.3M of ICFA fees and rate increases; net income $2.5M ($0.10 EPS) vs $0.9M ($0.04).
Global Water Resources Q4 net income up 138% to $824k; full-year revenue $44.7M up 8.6%
Net income Q4 $824k ($0.04 EPS) vs $346k ($0.02); full-year $5.5M ($0.24) up 53%.
Global Water Resources voluntarily delisting from TSX on Feb 24, 2023
Applied for voluntary delisting of common shares from TSX; expected effective at close on February 24, 2023.
Global Water Resources appoints Chris Krygier as COO; salary set at $250,000
Appointed Christopher D. Krygier as COO effective Feb 6, 2023; previously Chief Strategy Officer since June 2020.
Global Water Q3 revenue +11%, net income +12.6%; ACC approves Farmers Water acquisition
Regulated revenue $11.9M (+11%); net income $1.7M ($0.07 EPS, +12.6%); Adj. EBITDA $6.1M (+21%).
Global Water Q2 revenue up 7% to $11.7M; net income $2.1M; ACC approves 8% rate increase
Revenue rose 7.0% to $11.7M; net income $2.1M ($0.09 EPS); adjusted EBITDA up 14.3% to $6.1M.
Global Water Resources closes $15.5M public offering of 1.15M shares at $13.50/sh
Offering of 1,150,000 shares closed August 1, 2022; underwriter exercised full over-allotment option.
Global Water Resources extends revolving credit line to $15M and maturity to July 2024
Credit line increased from $10M to $15M; maturity extended from April 30, 2024 to July 1, 2024.
ACC approves ~$2.2M annualized rate increase for Global Water, phased in through 2024
Rate increase of $2.2M annualized based on 2019 test year; phases: $1.46M Aug 2022, $676K Jan 2023, $99K Jan 2024.
All seven director nominees elected with >95% of votes cast (excluding broker non-votes) for each.
GWRS Q1 2022 revenue $10.0M (+8.3%); net income turns positive to $0.9M
Revenue $10.0M, up 8.3% YoY, driven by organic growth and Las Quintas connection additions.
On February 6, 2023, Global Water Resources, Inc. (the “Company”) appointed Christopher D. Krygier as the Company’s Chief Operating Officer, effective immediately.
Max materiality 0.80 · Median 0.60 · Most common event earnings