M&A - Global Water Resources, Inc.

Form Type: 10-Q

Filing Date: 2025-05-14

Corporate Action: Acquisition

Type: New

Accession Number: 000143472825000169

Filing Summary: Global Water Resources, Inc. reported on its financial performance for the quarterly period ended March 31, 2025, indicating a sustained increase in revenue driven primarily by water service and wastewater, which totaled $12.457 million compared to $11.610 million in the previous year. Operating income depicted a slight decrease, reflecting operational expenses rising from $10.343 million to $11.202 million in the same period, with net income reported at $591,000. The company also noted a significant acquisition planned to be finalized mid-2025, involving the purchase of seven public water systems from the City of Tucson for $8.4 million, promising to enhance their service footprint. The approval from Arizona Corporation Commission (ACC) was acquired for the utility services, marking a key growth strategy for the company. Additionally, substantial updates were shared concerning regulatory rate increases and proceedings affecting its subsidiaries, impacting overall financial forecasts and operational strategies for future financial periods.