Global Water Resources, Inc. (GWRS) Q3 2024 Earnings Call Transcript
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 09 2024
0mins
Should l Buy GWRS?
Source: SeekingAlpha
Total Revenue $14.3 million, down $0.2 million or 1.5% compared to Q3 2023. The decrease was primarily due to ICFA revenue recognized in Q3 2023 that did not recur in Q3 2024, partially offset by an increase in wastewater and recycled water services revenue due to a 5% increase in active wastewater connections.
Regulated Revenue $14.3 million, up $0.3 million or 2.2% compared to Q3 2023. The increase was primarily due to the increase in organic connection growth.
Operating Expenses $10.3 million, down approximately $0.4 million or 3.3% compared to Q3 2023. This decrease included a $252,000 reduction in depreciation and amortization due to lower amortization of intangible assets, partially offset by additional depreciation expense from capital expenditures, and a $143,000 decrease in operating and maintenance costs primarily due to lower medical expenses and salary and wages.
Net Income $2.9 million or $0.12 per diluted share, compared to $2.6 million or $0.11 per diluted share in Q3 2023.
Adjusted EBITDA $8.2 million, an increase of approximately $600,000 or 7.2% compared to Q3 2023.
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Analyst Views on GWRS
Wall Street analysts forecast GWRS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GWRS is 13.25 USD with a low forecast of 11.50 USD and a high forecast of 15.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 8.780
Low
11.50
Averages
13.25
High
15.00
Current: 8.780
Low
11.50
Averages
13.25
High
15.00
About GWRS
Global Water Resources, Inc. is a water resource management company that owns and operates 39 systems which provide water, wastewater, and recycled water services. The Company’s service areas are located primarily in growth corridors around metropolitan Phoenix and Tucson. It seeks to deploy an integrated approach, referred to as Total Water Management (TWM). TWM is a comprehensive approach to water utility management that reduces demand on scarce non-renewable water sources and costly renewable water supplies, in a manner that ensures sustainability and benefits communities both environmentally and economically. TWM also implements smart water management programs, including advanced and remote metering infrastructure. It recycles over one billion gallons of water annually. It enables smart water management programs such as two remote metering infrastructure and other advanced technologies, rate designs, and incentives that result in real conservation.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Global Water Resources Declares Monthly Cash Dividend
- Dividend Declaration: Global Water Resources has announced a monthly cash dividend of $0.02533 per share, translating to an annual rate of $0.30396, payable on February 27, 2026, reflecting the company's stable cash flow and commitment to shareholders.
- Water Management Achievements: The company operates 39 water systems primarily serving growth corridors around Phoenix and Tucson, recycling over 1 billion gallons of water annually, with a total of 18.9 billion gallons recycled since 2004, showcasing its leadership in water resource management.
- Total Water Management Strategy: The implementation of Total Water Management (TWM) integrates the management of water, wastewater, and recycled water, enhancing the beneficial use of recycled water and enabling smart water management programs, thereby strengthening the company's competitive edge in water-scarce regions.
- Industry Recognition and Awards: The company has received national recognition as a ‘Utility of the Future Today’ for its superior water reuse practices and the Cityworks Excellence in Departmental Practice Award, highlighting its leadership and creativity in public asset management and long-term planning.
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United Bancorporation of Alabama Declares $0.70 Semiannual Dividend
- Dividend Announcement: United Bancorporation of Alabama has declared a semiannual cash dividend of $0.70 per share, payable on January 15, 2026, to shareholders of record as of December 31, 2025, which aims to enhance investor confidence and reward shareholders.
- Ingles Markets Dividend: Ingles Markets' Board of Directors declared a cash dividend of 16.5 cents per share, with annual rates of $0.66 for Class A and $0.60 for Class B common stock, payable on January 15, 2026, indicating the company's stable profitability and commitment to shareholder returns.
- ARMOUR Residential REIT Guidance: ARMOUR Residential REIT previously announced a cash dividend guidance of $0.24 per common share for January 2026, payable on January 29, 2026, which aims to attract long-term investors and maintain shareholder returns.
- Mosaic Quarterly Dividend: Mosaic's Board of Directors declared a quarterly dividend of $0.22 per share, scheduled for payment on March 19, 2026, reflecting the company's ongoing cash flow and commitment to its shareholders.
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Global Water Resources Declares Monthly Dividend of $0.02533 per Share
- Monthly Cash Dividend: Global Water Resources has declared a monthly cash dividend of $0.02533 per share, translating to an annual dividend rate of $0.30396, which will be payable on January 30, 2026, enhancing shareholder cash flow.
- Sustainable Water Management Growth: The company operates 39 water systems primarily serving growth corridors around Phoenix and Tucson, recycling over 1 billion gallons of water annually, showcasing its leadership in water resource management.
- Innovative Water Management Model: By implementing Total Water Management (TWM), the company integrates water, wastewater, and recycled water services to maximize the beneficial use of recycled water, promoting sustainable water resource development.
- Industry Recognition and Awards: Global Water Resources has received national recognition as a 'Utility of the Future Today' for its superior water reuse practices, further solidifying its reputation and market position in the water management sector.
See More
Global Water Resources Declares Monthly Dividend of $0.02533 per Share
- Monthly Cash Dividend: Global Water Resources has declared a monthly cash dividend of $0.02533 per share, translating to an annual dividend rate of $0.30396, which will be payable on December 30, 2025, thereby enhancing shareholder return stability.
- Leading Water Management: The company operates 39 systems primarily serving growth corridors around Phoenix and Tucson, recycling over 1 billion gallons of water annually, with a total of 18.9 billion gallons recycled since 2004, showcasing its strong capabilities in water resource management.
- Total Water Management Model: By implementing Total Water Management (TWM), the company integrates the management of water, wastewater, and recycled water, maximizing the beneficial use of recycled water and addressing water scarcity issues in rapidly growing population areas.
- Industry Recognition: Global Water Resources has received national recognition as a ‘Utility of the Future Today’ for its superior water reuse practices and the Cityworks Excellence in Departmental Practice Award, further solidifying its leadership position in the industry.
See More
Global Water Resources Declares Monthly Dividend of $0.02533 per Share
- Monthly Cash Dividend: Global Water Resources has declared a monthly cash dividend of $0.02533 per share, translating to an annual dividend rate of $0.30396, which will be payable on December 30, 2025, thereby enhancing shareholder return confidence.
- Leading Water Management: The company operates 39 systems primarily serving growth corridors around Phoenix and Tucson, recycling over 1 billion gallons of water annually, with a total of 18.9 billion gallons recycled since 2004, showcasing its strong capabilities in water resource management.
- Comprehensive Water Management Implementation: The Total Water Management (TWM) strategy employed by Global Water integrates the management of water, wastewater, and recycled water, maximizing resource utilization and promoting smart water management initiatives, which is crucial for environmental protection.
- Industry Recognition: The company has received national recognition as a 'Utility of the Future Today' for its superior water reuse practices and the Cityworks Excellence in Departmental Practice Award, further solidifying its leadership position in the industry.
See More
Global Water Resources Declares Monthly Cash Dividend
- Dividend Declaration: Global Water Resources has announced a monthly cash dividend of $0.02533 per share, translating to an annual rate of $0.30396, payable on February 27, 2026, reflecting the company's stable cash flow and commitment to shareholders.
- Water Management Achievements: The company operates 39 water systems primarily serving growth corridors around Phoenix and Tucson, recycling over 1 billion gallons of water annually, with a total of 18.9 billion gallons recycled since 2004, showcasing its leadership in water resource management.
- Total Water Management Strategy: The implementation of Total Water Management (TWM) integrates the management of water, wastewater, and recycled water, enhancing the beneficial use of recycled water and enabling smart water management programs, thereby strengthening the company's competitive edge in water-scarce regions.
- Industry Recognition and Awards: The company has received national recognition as a ‘Utility of the Future Today’ for its superior water reuse practices and the Cityworks Excellence in Departmental Practice Award, highlighting its leadership and creativity in public asset management and long-term planning.
See More
United Bancorporation of Alabama Declares $0.70 Semiannual Dividend
- Dividend Announcement: United Bancorporation of Alabama has declared a semiannual cash dividend of $0.70 per share, payable on or around January 15, 2026, which aims to enhance shareholder returns and attract more investor interest.
- Ingles Markets Dividend: Ingles Markets' Board of Directors declared a cash dividend of 16.5 cents per share on Class A Common Stock and 15 cents per share on Class B Common Stock, with annual rates of $0.66 and $0.60 respectively, demonstrating the company's stable profitability and commitment to shareholders.
- ARMOUR Residential REIT Guidance: ARMOUR Residential REIT has provided guidance for a cash dividend of $0.24 per common share for January 2026, payable on January 29, reflecting the company's ongoing cash flow and focus on shareholder value.
- Mosaic Quarterly Dividend: Mosaic announced a quarterly dividend of $0.22 per share, scheduled for payment on March 19, 2026, indicating the company's stability in the market and ongoing commitment to shareholder returns.
See More
United Bancorporation of Alabama Declares $0.70 Semiannual Dividend
- Dividend Announcement: United Bancorporation of Alabama has declared a semiannual cash dividend of $0.70 per share, payable on January 15, 2026, to shareholders of record as of December 31, 2025, which aims to enhance investor confidence and reward shareholders.
- Ingles Markets Dividend: Ingles Markets' Board of Directors declared a cash dividend of 16.5 cents per share, with annual rates of $0.66 for Class A and $0.60 for Class B common stock, payable on January 15, 2026, indicating the company's stable profitability and commitment to shareholder returns.
- ARMOUR Residential REIT Guidance: ARMOUR Residential REIT previously announced a cash dividend guidance of $0.24 per common share for January 2026, payable on January 29, 2026, which aims to attract long-term investors and maintain shareholder returns.
- Mosaic Quarterly Dividend: Mosaic's Board of Directors declared a quarterly dividend of $0.22 per share, scheduled for payment on March 19, 2026, reflecting the company's ongoing cash flow and commitment to its shareholders.
See More
Global Water Resources Declares Monthly Dividend of $0.02533 per Share
- Monthly Cash Dividend: Global Water Resources has declared a monthly cash dividend of $0.02533 per share, translating to an annual dividend rate of $0.30396, which will be payable on January 30, 2026, enhancing shareholder cash flow.
- Sustainable Water Management Growth: The company operates 39 water systems primarily serving growth corridors around Phoenix and Tucson, recycling over 1 billion gallons of water annually, showcasing its leadership in water resource management.
- Innovative Water Management Model: By implementing Total Water Management (TWM), the company integrates water, wastewater, and recycled water services to maximize the beneficial use of recycled water, promoting sustainable water resource development.
- Industry Recognition and Awards: Global Water Resources has received national recognition as a 'Utility of the Future Today' for its superior water reuse practices, further solidifying its reputation and market position in the water management sector.
See More
Global Water Resources Declares Monthly Dividend of $0.02533 per Share
- Monthly Cash Dividend: Global Water Resources has declared a monthly cash dividend of $0.02533 per share, translating to an annual dividend rate of $0.30396, which will be payable on December 30, 2025, thereby enhancing shareholder return stability.
- Leading Water Management: The company operates 39 systems primarily serving growth corridors around Phoenix and Tucson, recycling over 1 billion gallons of water annually, with a total of 18.9 billion gallons recycled since 2004, showcasing its strong capabilities in water resource management.
- Total Water Management Model: By implementing Total Water Management (TWM), the company integrates the management of water, wastewater, and recycled water, maximizing the beneficial use of recycled water and addressing water scarcity issues in rapidly growing population areas.
- Industry Recognition: Global Water Resources has received national recognition as a ‘Utility of the Future Today’ for its superior water reuse practices and the Cityworks Excellence in Departmental Practice Award, further solidifying its leadership position in the industry.
See More
Global Water Resources Declares Monthly Dividend of $0.02533 per Share
- Monthly Cash Dividend: Global Water Resources has declared a monthly cash dividend of $0.02533 per share, translating to an annual dividend rate of $0.30396, which will be payable on December 30, 2025, thereby enhancing shareholder return confidence.
- Leading Water Management: The company operates 39 systems primarily serving growth corridors around Phoenix and Tucson, recycling over 1 billion gallons of water annually, with a total of 18.9 billion gallons recycled since 2004, showcasing its strong capabilities in water resource management.
- Comprehensive Water Management Implementation: The Total Water Management (TWM) strategy employed by Global Water integrates the management of water, wastewater, and recycled water, maximizing resource utilization and promoting smart water management initiatives, which is crucial for environmental protection.
- Industry Recognition: The company has received national recognition as a 'Utility of the Future Today' for its superior water reuse practices and the Cityworks Excellence in Departmental Practice Award, further solidifying its leadership position in the industry.
See More
