Education
About Us
Working with TipRanks
Follow Us
Global Water Resources Inc (GWRS)
NASDAQ:GWRS
Earnings Data
Report Date
May 14, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.02Last Year’s EPS
0.03Same Quarter Last Year
Moderate Buy
Based on 0 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Mar 05, 2025
|% Change Since: -9.70%
|Next Earnings Date:May 14, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a mix of strong growth in service connections, compliance, and multifamily housing permits, alongside significant industrial investments and successful regulatory developments. However, these positive aspects were offset by a decline in total revenue due to non-repeating ICFA revenue, increased operating expenses, and a drop in net income.Company Guidance
In the recent Global Water Resources, Inc. 2024 year-end conference call, the company provided several key metrics and guidance for future growth. The company reported a 4.4% increase in total active service connections, reaching 64,520 by the end of 2024. They invested $32.3 million into infrastructure improvements, maintaining a strong compliance record with zero significant compliance events for nearly eight years. The single-family dwelling market saw a 20.3% increase in building permits in the Phoenix area and an 11.5% increase in Maricopa. Multifamily housing units in Maricopa surged by 88.7% with 1,200 units permitted. The company also highlighted significant industrial growth, with Arizona seeing $50 billion in investments in 2024, including a record $168 billion investment from TSMC. Global Water is optimistic about future growth, driven by organic connections, new utilities, acquisitions, and rate cases, with active connections rising 40.8%, revenue increasing 48.4%, and EPS growing 119% from 2019 to 2024. They have proposed over $7.5 million in rate increases and are pursuing further regulatory initiatives to enhance financial performance.Increase in Active Service Connections
Total active service connections increased 4.4% to 64,520 as of December 30, 2024, from the twelve months prior.
Strong Compliance Record
For 2024, there were zero significant compliance events, continuing nearly eight years without such events.
Increase in Building Permits
In 2024, the market realized 27,156 building permits, representing a 20.3% increase from 2023. The city of Maricopa saw an 11.5% increase in building permits.
Growth in Multifamily Housing
In 2024, the city of Maricopa permitted 1,200 multifamily housing units, an 88.7% increase from 2023.
Significant Industrial Investment
In 2024, $50 billion was invested into Arizona, following $40.7 billion in 2023, with significant further announcements in 2024 and 2025.
Revenue Growth from Regulated Services
Regulated revenue for 2024 was $52.7 million, up $2.5 million or 4.9% compared to 2023.
Approval for Acquisition of City of Tucson Assets
The Arizona Corporation Commission approved the proposed acquisition, increasing customers in the region from 5,000 to 7,000 connections.
Settlement in Global Water Farmers Rate Case
A settlement authorizes an approximate $1.1 million revenue increase, over 85% of the request, to be phased in 2025 and 2026.
---
GWRS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
GWRS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 05, 2025 | $11.34 | $11.56 | +1.94% |
| Nov 06, 2024 | $13.32 | $13.30 | -0.15% |
| Aug 07, 2024 | $11.72 | $11.97 | +2.13% |
| May 08, 2024 | $12.51 | $12.58 | +0.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Global Water Resources Inc (GWRS) report earnings?
Global Water Resources Inc (GWRS) is schdueled to report earning on May 14, 2025, TBA Not Confirmed.
What is Global Water Resources Inc (GWRS) earnings time?
Global Water Resources Inc (GWRS) earnings time is at May 14, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GWRS EPS forecast?
GWRS EPS forecast for the fiscal quarter 2025 (Q1) is 0.02.
---