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Global Water Resources, Inc. (GWRS)

NasdaqGS - NasdaqGS Delayed Price. Currency in USD
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10.58-0.07 (-0.66%)
As of 10:05AM EDT. Market open.
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Chart Events
Neutralpattern detected
Previous Close10.65
Open10.71
Bid10.53 x 800
Ask10.58 x 900
Day's Range10.55 - 10.71
52 Week Range8.51 - 14.99
Volume2,943
Avg. Volume28,866
Market Cap238.965M
Beta (5Y Monthly)0.42
PE Ratio (TTM)264.50
EPS (TTM)0.04
Earnings DateNov 05, 2020
Forward Dividend & Yield0.29 (2.66%)
Ex-Dividend DateOct 15, 2020
1y Target EstN/A
  • Global Water Resources Acquires Mirabell Water Company
    GlobeNewswire

    Global Water Resources Acquires Mirabell Water Company

    PHOENIX, Oct. 30, 2020 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ: GWRS), (TSX: GWR), a pure-play water resource management company, has acquired Mirabell Water Co., a small water utility located in the southwest area of Tucson, Arizona. Mirabell adds more than 60 active water connections in close proximity to Global Water’s existing service area in Tucson.“We welcome Mirabell and its customers to our growing family of utilities,” stated Ron Fleming, Global Water’s chief executive officer. “Like many other small utilities throughout the state, Mirabell can benefit from our approach to utility consolidation and management, including necessary upgrades and automation. This presents capital investment opportunities for the benefit of our Mirabell customers and all stakeholders.”The Arizona Corporation Commission (ACC) enabled the transaction to close on an expedited basis in accordance with their water policy reform package intended to promote consolidation and lessen regulatory impediments for such transactions, in addition to other reforms.Mirabell represents the company’s first acquisition since 2018 and reflects its renewed focus on these efforts, as there are significant opportunities along with the need for consolidation in Arizona. The ACC website lists more than 300 investor-owned water and wastewater utilities in the state.“We appreciate ACC’s forward-thinking policy guidelines that support and incentivize consolidation of the highly-fragmented water utility industry in Arizona,” added Fleming. “Their support helps to set the stage for our additional planned ‘tuck-in’ acquisitions and the community benefits they can deliver under our stewardship.”About Global Water Resources Global Water Resources, Inc. is a leading water resource management company that owns and operates 13 utilities which provide water, wastewater, and recycled water services. The company’s service areas are located primarily in growth corridors around metropolitan Phoenix. Global Water recycles nearly 1 billion gallons of water annually.The company has been recognized for its highly-effective implementation of Total Water Management (TWM). TWM is an integrated approach to managing the entire water cycle by owning and operating water, wastewater and recycled water utilities within the same geographic area in order to maximize the beneficial use of recycled water. TWM includes additional smart water management programs such as remote metering infrastructure and other advanced technologies, rate designs, and incentives that result in real conservation. TWM helps protect water supplies in water-scarce areas experiencing population growth. To learn more, visit www.gwresources.com.Cautionary Note Regarding Forward-Looking Statements  This press release includes certain forward-looking statements which reflect the company's expectations regarding future events. The forward-looking statements involve a number of assumptions, risks, uncertainties, and other factors that could cause actual results to differ materially from those contained in the forward-looking statements. These forward-looking statements include, but are not limited to, statements concerning future net income growth, our strategy, acquisition plans, our dividend policy, the timing and likelihood of approval of the certificate of convenience and necessity for the Inland Port project and the anticipated benefits, trends relating to population growth, active connections, regulated revenue, housing permit projections, the anticipated impacts from the COVID-19 pandemic on the company, including to our business operations, results of operations, cash flows, and financial position, and our future responses to the COVID-19 pandemic, and other statements that are not historical facts as well as statements identified by words such as "expects", "anticipates", "intends", "plans", "believes", "seeks", "estimates", or the negative of these terms, or other words of similar meaning. These statements are based on our current beliefs or expectations and are inherently subject to a number of risks, uncertainties, and assumptions, most of which are difficult to predict and many of which are beyond our control. Actual results may differ materially from these expectations due to changes in political, economic, business, market, regulatory, and other factors, including the duration and severity of the COVID-19 pandemic and the actions to contain the virus or treat its impact. Accordingly, investors are cautioned not to place undue reliance on any forward-looking statements, which reflect management’s views as of the date hereof. Factors that may affect future results are disclosed under the headings “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our filings with the Securities and Exchange Commission (the "SEC"), which are available at the SEC's website at www.sec.gov. This includes, but is not limited to, our Annual Report on Form 10-K for the year ended December 31, 2019, our Quarterly Report on Form 10-Q for the quarter ended June 30, 2020, and subsequent filings with the SEC. We undertake no obligation to publicly update any forward-looking statement, except as required by law, whether as a result of new information, future developments or otherwise.Company Contact: Michael Liebman CFO and SVP Tel (480) 999-5104 mike.liebman@gwresources.comInvestor Relations Contact: Ron Both or Grant Stude CMA Investor Relations Tel (949) 432-7566 Email contact

  • Global Water Resources Declares Monthly Dividend
    GlobeNewswire

    Global Water Resources Declares Monthly Dividend

    PHOENIX, Oct. 29, 2020 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ: GWRS), (TSX: GWR), a pure-play water resource management company, has declared, under its dividend policy, a monthly cash dividend in the amount of $0.0241 per common share (an annualized amount of $0.2892 per share), which will be payable on November 30, 2020, to holders of record at the close of business on November 16, 2020. About Global Water Resources Global Water Resources, Inc. is a leading water resource management company that owns and operates 12 utilities which provide water, wastewater, and recycled water services. The company’s service areas are located primarily in growth corridors around metropolitan Phoenix. Global Water recycles nearly 1 billion gallons of water annually.The company has been recognized for its highly-effective implementation of Total Water Management (TWM), an integrated approach to managing the entire water cycle by owning and operating water, wastewater and recycled water utilities within the same geographic area to maximize the beneficial use of recycled water. TWM conserves water by using the right water for the right use and helps protect water supplies in water-scarce areas experiencing population growth. To learn more, visit www.gwresources.com.Company Contact: Michael Liebman CFO and SVP Tel (480) 999-5104 mike.liebman@gwresources.comInvestor Relations Contact: Ron Both or Grant Stude CMA Investor Relations Tel (949) 432-7566 Email contact

  • Returns On Capital At Global Water Resources (NASDAQ:GWRS) Paint An Interesting Picture
    Simply Wall St.

    Returns On Capital At Global Water Resources (NASDAQ:GWRS) Paint An Interesting Picture

    What are the early trends we should look for to identify a stock that could multiply in value over the long term? One...