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The latest announcement is out from Global Water Resources ( (GWRS) ).
On March 5, 2025, Global Water Resources’ subsidiaries, GW-Santa Cruz and GW-Palo Verde, filed rate case applications with the Arizona Corporation Commission (ACC) for water and wastewater rates. These subsidiaries are the company’s largest utilities, representing a significant portion of its service connections. The proposed rate increases, if approved, would result in a net annual revenue increase of approximately $6.5 million and an 11% increase in the median monthly bill for customers. The company plans to phase in the new rates over two years, starting in May 2026. The proposal also includes a formula rate plan for annual adjustments based on specific cost inputs. However, there is no assurance that the ACC will approve the increases or the formula rate plan, and the ACC could potentially decrease future rates.
More about Global Water Resources
YTD Price Performance: 0.79%
Average Trading Volume: 31,763
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $279.6M
For a thorough assessment of GWRS stock, go to TipRanks’ Stock Analysis page.