Global Water Resources, Inc.

Global Water Resources, Inc. announced that its subsidiaries, GW-Santa Cruz and GW-Ocotillo, have filed Designation of Assured Water Supply (DAWS) applications with the Arizona Department of Water Resources. If approved, these applications would expand the assured water supply in their service areas, supporting anticipated long-term residential and commercial growth. GW-Santa Cruz aims to increase its supply by 20% to 27,466 acre-feet, potentially allowing for growth to 177,000 residents in the City of Maricopa. GW-Ocotillo filed for 1,128 acre-feet of assured water supply.

Global Water Resources, Inc. has declared a monthly cash dividend of $0.02533 per common share, which translates to an annual dividend rate of $0.30396 per share. The dividend is scheduled to be paid on June 30, 2026, to shareholders of record as of the close of business on June 15, 2026. The company is a pure-play water resource management firm operating 39 systems primarily in growth corridors around metropolitan Phoenix and Tucson.

Global Water Resources, Inc. announced the results of its 2026 Annual Meeting of Stockholders. All seven director nominees listed in the proxy statement were elected. Additionally, the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for fiscal year 2026 was ratified, and the advisory vote on the compensation of named executive officers was approved.

Global Water Resources, Inc. held its 2026 Annual Meeting of Stockholders on May 14, 2026. During the meeting, stockholders elected seven directors to serve until the 2027 Annual Meeting. Additionally, Deloitte & Touche LLP was ratified as the company's independent registered public accounting firm for the fiscal year ending December 31, 2026. Stockholders also provided advisory approval for the compensation of the company's named executive officers, with all proposals passing by a significant majority.

Global Water Resources reported a net loss of $(366)K for the first quarter of 2026, a significant decline from a net income of $591K in the prior year period, despite a 6.6% increase in total revenue to $13.29 million. Basic earnings per share also fell to $(0.01) from $0.02. The company also announced a settlement agreement for its GW-Santa Cruz rate case, which is expected to increase annual revenue by approximately $2.3 million, and extended its revolving credit facility maturity date to May 2028.

Global Water Resources reported a 6.7% increase in total revenue to $13.3 million for Q1 2026, driven by acquisitions, organic connection growth, increased consumption, and higher rates. However, the company posted a net loss of $0.4 million, or ($0.01) per share, primarily due to increased depreciation and net interest expense from 2025 rate base investments. Adjusted EBITDA remained consistent at $5.6 million. The company also announced a settlement agreement for rate cases, anticipating a $2.3 million annual revenue increase for GW-Santa Cruz by November 1, 2026, which management expects to lead to meaningful earnings growth.

Global Water Resources, Inc. has entered into the seventh amendment to its revolving line of credit agreement with The Northern Trust Company. This modification extends the scheduled maturity date of the $20.0 million facility from May 18, 2027, to May 18, 2028. The agreement, originally established on April 30, 2020, contains customary representations, warranties, and covenants.

Global Water Resources' subsidiaries, GW-Santa Cruz and GW-Palo Verde, reached a settlement agreement with the Arizona Corporation Commission (ACC) Staff and RUCO on their rate cases. If approved by the ACC, the agreement will increase GW-Santa Cruz's annual revenue requirement by approximately $2.3 million, with new rates effective November 1, 2026. GW-Palo Verde will withdraw its current rate case and refile in 2027, also agreeing to increase a temporary customer bill credit by $0.4 million annually.

Global Water Resources, Inc. (GWRS) has declared a monthly cash dividend of $0.02533 per common share, equating to an annual dividend rate of $0.30396 per share. The dividend is scheduled for payment on May 29, 2026, to shareholders of record as of May 15, 2026.

Global Water Resources, Inc. (GWRS) has filed a unanimous settlement agreement with the Arizona Corporation Commission (ACC) for the rate cases of GW-Santa Cruz and GW-Palo Verde. The agreement includes an approximate $2.3 million increase in GW-Santa Cruz's annual revenue requirement, with new rates expected to be effective November 1, 2026. The GW-Palo Verde rate case will be withdrawn and refiled in 2027, with a commitment to increase temporary bill credits for its customers by about $0.4 million annually.