Recent 8-K filings for GWRS
Highest-materiality recent filing
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.
- Requested net annual revenue increase of $6.5M, ~11% median monthly bill increase.
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Elected seven directors with over 18.8M votes each; broker non-votes of ~5M.
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Revenue up 6.7% YoY to $13.3M; net loss of $0.4M vs net income $0.6M in Q1 2025.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Active connections up 4.3% to 65,163; water consumption +24.2% to 0.84B gallons.
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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.
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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.
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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.
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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%.
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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.
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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.
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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%.
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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.
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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.
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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.
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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.
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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).
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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).
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.75 · Median 0.60 · Most common event earnings