Global Water Resources ( (GWRS) ) has released its Q1 earnings. Here is a breakdown of the information Global Water Resources presented to its investors.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Global Water Resources, Inc. is a water resource management company operating primarily in the growth corridors around metropolitan Phoenix and Tucson, focusing on water, wastewater, and recycled water services through its Total Water Management approach.
In the first quarter of 2025, Global Water Resources reported a 7.3% increase in total revenue to $12.5 million, driven by organic connection growth and increased water consumption. However, net income saw a decline of 14.5% to $0.6 million, while adjusted EBITDA rose by 4.4% to $5.6 million.
Key financial highlights include a significant increase in cash and cash equivalents to $31.5 million, bolstered by net proceeds of $30.8 million from a public stock offering. The company also invested $15.2 million in infrastructure projects and filed rate case applications to support its utilities’ growth. Operationally, active service connections grew by 4.3%, and water consumption increased by 24.2%.
Looking ahead, Global Water Resources is optimistic about maintaining revenue growth through strategic rate increases and organic expansion. The company is also poised to complete the acquisition of seven water systems from the City of Tucson, which will expand its service area and potentially increase service connections.
With Arizona’s strong economic outlook and continued population growth, Global Water Resources is well-positioned for further expansion and aims to leverage its Total Water Management strategy to enhance service delivery and sustainability in its communities.