Global Water Resources, Inc.
Description
Global Water Resources, Inc., a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water systems primarily in metropolitan Phoenix and Tucson, Arizona. It serves approximately 82,000 people in approximately 32,000 homes. The company was founded in 2003 and is based in Phoenix, Arizona.
About
CEO
Mr. Ron L. Fleming
Employees
106
Instrument type
Common Stock
Sector
Utilities
Industry
Utilities - Regulated Water
MIC code
XNMS
Address
21410 North 19th Avenue, Phoenix, AZ 85027, United States
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![Enlarged Chart]()
Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 5, 2025 | — | — | — | — |
| Aug 6, 2025 | — | — | — | — |
| May 7, 2025 | — | — | — | — |
| Mar 5, 2025 | 0.06 | — | — | — |
| Nov 7, 2024 | 0.11 | 0.12 | 0.01 | 9.09% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 1 | — | 2 |
| Average estimate | — | 0.05 | — | 0.30 |
| Low estimate | — | 0.05 | — | 0.23 |
| High estimate | — | 0.05 | — | 0.36 |
| Last year EPS | — | 0.03 | — | 0.28 |
[stock_revenue_estimate]
Growth estimates
Current qtr
-14.290%
Next qtr. (Mar 2025)
66.670%
Current year
7.690%
Next year (Dec 2025)
5.360%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 53.03M | 44.73M | 41.91M | 38.63M | 35.47M |
| Cost of revenue | 12.67M | 10.89M | 10.30M | 9.54M | 8.92M |
| Gross profit | 40.36M | 33.84M | 31.62M | 29.09M | 26.56M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 16.64M | 16.13M | 15.15M | 12.72M | 11.24M |
| Other operating expenses | — | — | — | — | — |
| Operating income | 12.29M | 7.82M | 6.98M | 7.34M | 6.96M |
| Non operating interest income | |||||
| Income | 52,000 | 65,000 | 19,000 | 93,000 | 203,000 |
| Expense | 4.88M | 4.76M | 5.20M | 5.38M | 5.39M |
| Other income expense | 3.40M | 3.32M | 2.96M | -175,000 | 1.61M |
| Pretax income | 10.85M | 6.44M | 4.76M | 1.88M | 3.39M |
| Tax provision | 2.87M | 934,000 | 1.15M | 771,000 | 1.16M |
| Net income | 7.98M | 5.51M | 3.61M | 1.11M | 2.22M |
| Basic EPS | 0.33 | 0.24 | 0.16 | 0.05 | 0.10 |
| Diluted EPS | 0.33 | 0.24 | 0.16 | 0.05 | 0.10 |
| Basic average shares | 24.04M | 23.17M | 22.62M | 22.52M | 21.52M |
| Diluted average shares | 24.04M | 23.17M | 22.62M | 22.52M | 21.52M |
| EBITDA | 26.52M | 20.55M | 19.45M | 16.28M | 17.13M |
| Net income from continuing op. | 7.98M | 5.51M | 3.61M | 1.11M | 2.22M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 361.10M | 323.09M | 294.07M | 283.45M | 266.11M |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 3.09M | 6.56M | 12.64M | 18.03M | 7.51M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 3.39M | 2.60M | 2.20M | 2.45M | 1.63M |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | 1.65M | 665,000 | 675,000 |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | 2.44M | 1.65M | 665,000 | 675,000 |
| Non current assets | |||||
| Properties | 419.28M | 348.11M | 315.74M | 299.32M | 285.74M |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | — | — | — | — | — |
| Construction in progress | 48.15M | 66.04M | 53.51M | 40.88M | 40.56M |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -142.37M | -124.52M | -113.38M | -101.30M | -92.75M |
| Goodwill | 30.48M | 20.05M | 21.80M | 20.39M | 21.35M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 8.84M | 10.14M | 10.34M | 11.19M | 12.55M |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 1.75M | 1.04M | 816,000 | 3.27M | 1.60M |
| Total liabilities | 312.48M | 278.69M | 264.05M | 251.26M | 241.44M |
| Current liabilities | |||||
| Accounts payable | 1.03M | 2.17M | 2.12M | 531,000 | 992,000 |
| Accrued expenses | 3.46M | 4.17M | 5.06M | 4.07M | 2.91M |
| Short term debt | 4.43M | 4.34M | 3.98M | 2.04M | 117,000 |
| Deferred revenue | 2.75M | 3.09M | 3.30M | 3.32M | 3.77M |
| Tax payable | 1.24M | 1.20M | 1.24M | 1.19M | 1.10M |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 105.03M | 106.56M | 108.93M | 112.66M | 114.66M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 8.28M | 5.95M | 3.27M | 3.65M | 4.92M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 47.69M | 28.93M | 23.88M | 20.35M | 17.96M |
| Shareholders equity | |||||
| Common stock | 240,000 | 239,000 | 228,000 | 227,000 | 216,000 |
| Retained earnings | 797,000 | — | — | — | — |
| Other shareholders equity | — | — | — | — | — |
| Total shareholders equity | 48.62M | 44.39M | 30.03M | 32.19M | 24.67M |
| Additional paid in capital | 47.59M | 44.16M | 29.80M | 31.96M | 24.46M |
| Treasury stock | — | 2,000 | 2,000 | 1,000 | 1,000 |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 7.98M | 5.51M | 3.61M | 1.11M | 2.22M | 3.10M | 4.55M | -2.51M | 21.36M | 64.93M |
| Depreciation | 11.76M | 10.07M | 9.49M | 9.03M | 8.35M | 7.47M | 6.91M | 6.28M | 8.21M | 9.21M |
| Deferred Taxes | 2.39M | 1.37M | -307,000 | -1.28M | 570,000 | 1.24M | 529,000 | -1.41M | 20.56M | -17.00M |
| Stock-Based Compensation | 1.33M | 1.53M | 2.88M | 3.29M | 2.05M | 1.71M | 1.55M | 2.23M | 798,000 | 1.36M |
| Other Non-Cash Items | 44,000 | 44,000 | 90,000 | 686,000 | 93,000 | 74,000 | 44,000 | -550,000 | 204,000 | -50.38M |
| Accounts Receivable | -702,000 | -248,000 | 82,000 | -641,000 | -193,000 | 178,000 | -179,000 | -409,000 | 125,000 | 26,000 |
| Accounts Payable | -635,000 | -1.83M | 415,000 | -176,000 | -1.58M | -688,000 | -1.25M | -4.09M | -2.50M | -227,000 |
| Other Assets & Liabilities | 3.22M | 6.79M | 4.02M | 4.94M | 1.91M | -4.16M | -2.41M | -147,000 | -1.95M | 6.18M |
| Operating Cash Flow | 25.39M | 23.23M | 20.28M | 16.96M | 13.42M | 8.92M | 9.74M | -600,000 | 46.82M | 14.10M |
| Investing Activities | ||||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — | — | 16,000 |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | -6.25M | -180,000 | -2.07M | -302,000 | 1.00M | -8.48M | — | 2.25M | 55.40M | — |
| Purchase of Investments | — | — | — | — | — | — | — | — | — | — |
| Sale of Investments | — | — | — | — | — | — | — | — | — | — |
| Investing Cash Flow | -6.29M | -204,000 | -2.07M | -311,000 | 1.13M | -8.53M | -113,000 | 2.42M | 55.33M | 240,000 |
| Financing Activities | ||||||||||
| Long-Term Debt Issuance | 2.58M | 259,000 | — | — | 35,000 | 140,000 | — | 115.00M | — | 21.80M |
| Long-Term Debt Payments | -4.39M | -3.83M | -2.07M | -131,000 | -103,000 | -36,000 | -84,000 | -107.07M | -23.59M | -22.84M |
| Other Financing Charges | 6.65M | 619,000 | 744,000 | 2.02M | 207,000 | -1.49M | -300,000 | 1.99M | 383,000 | -1.10M |
| Financing Cash Flow | 397,000 | 4.97M | -7.93M | 7.09M | -6.03M | 8.74M | -5.78M | 13.26M | -51.28M | -5.60M |
| Other Cash Details | ||||||||||
| End Cash Position | 4.76M | 7.56M | 13.44M | 21.31M | 9.10M | 13.20M | 5.25M | 20.50M | 11.51M | 6.58M |
| Income Tax Paid | 706,000 | 1.59M | 1.61M | — | — | — | — | — | — | — |
| Interest Paid | 4.69M | 1.45M | 5.23M | — | — | — | — | — | — | — |
| Free Cash Flow | 3.08M | -10.65M | 2.14M | 5.44M | 379,000 | 6.52M | -9.73M | -6.69M | 890,000 | 9.99M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 430,487 | 4.89M | 1.78% |
| iShares Russell 2000 ETF | Nov 30, 2024 | 280,000 | 3.18M | 1.16% |
| Northern Lights Fd Tr II-North Star Dividend Fd | Nov 30, 2024 | 162,000 | 1.84M | 0.67% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 151,647 | 1.72M | 0.63% |
| Fidelity Small Cap Index Fund | Oct 31, 2024 | 121,072 | 1.38M | 0.50% |
| WisdomTree Tr-WisdomTree Small Cap Dividend Fd | Sep 30, 2024 | 119,543 | 1.36M | 0.49% |
| Royce Micro Cap Trust | Sep 30, 2024 | 106,000 | 1.21M | 0.44% |
| iShares Russell 2000 Growth ETF | Nov 30, 2024 | 105,058 | 1.19M | 0.43% |
| Fidelity Extended Market Index Fund | Nov 30, 2024 | 66,095 | 751,500 | 0.27% |
| Northern Lights Fd Tr II-North Star Small Cap Value Fd | Nov 30, 2024 | 63,000 | 716,309 | 0.26% |
Article
Global Water Resources Files Settlement Agreement in Farmers Water Rate Case
Agreement, if Approved, Provides $1.1 Million in Additional Revenue to Support Infrastructure Investment Agreement, if Approved, Provides $1.1 Million in Additional Revenue to Support Infrastructure Investment
Feb 4, 2025
Article
Global Water Resources Declares Monthly Dividend
PHOENIX, Jan. 31, 2025 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ: GWRS), a pure-play water resource management company, has declared under its dividend policy a monthly cash dividend in the amount of $0.02533 per common share (an annual dividend rate of $0.30396 per share).
Jan 31, 2025
Article
Global Water Resources Taps Water Industry Veteran, Robert J. Kuta, for EVP of Engineering and Environmental Resources
Seasoned Executive Brings 35 Years of Experience at Industry-Leading Water Peers as Company Prepares for Growth and Infrastructure Expansion in 2025 and Beyond Seasoned Executive Brings 35 Years of Experience at Industry-Leading Water Peers as Company Prepares for Growth and Infrastructure Expansion in 2025 and Beyond
Jan 13, 2025
