Global Water Resources Inc (OQ:GWRS)

Business Focus: Water Supply & Irrigation Systems

Sector:  Utilities Industry:  Water Utilities
See Regulatory Filings on SEC
Company Contact
Address: 21410 N 19th Ave Ste 220
PHOENIX AZ 85027-2738
Tel: 1-949-4327566
IR: See website
Key People
Ron L. Fleming
Chairman of the Board, President, Chief Executive Officer
Michael J. Liebman
Chief Financial Officer, Secretary
Jonathan Corwin
Vice President, General Manager
Joanne Ellsworth
Vice President - Corporate and Regulatory Affairs
Jason Thuneman
Vice President - Project Management Office
Business Overview
Global Water Resources, Inc. is a water resource management company. The Company owns, operates and manages water, wastewater and recycled water utilities in strategically located communities, principally in metropolitan Phoenix, Arizona. The Company focuses on the issues of water supply and scarcity, and applies principles of water conservation through water reclamation and reuse. As of April 28, 2016, the Company owned nine water and wastewater utilities in communities principally in metropolitan Phoenix. As of April 28, 2016, the Company served over 50,000 people in approximately 20,000 homes within its 332 square miles of certificated service areas. The Company is creating renewable water systems where wastewater from homes is treated and used again for various outdoor applications.
Financial Overview
For the nine months ended 30 September 2019, Global Water Resources Inc revenues decreased 2% to $26.8M. Net income decreased 23% to $2.5M. Revenues reflect Unregulated revenues decrease of 98% to $49K. Net income also reflects Depreciation and amortization increase of 9% to $6M (expense), Operations and maintenance increase of 10% to $5.4M (expense), Interest Expense increase of 4% to $4M (expense). Dividend per share remained flat at $0.21.
Employees: 50 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $414.15M as of Sep 30, 2019
Annual revenue (TTM): $35.04M as of Sep 30, 2019
EBITDA (TTM): $15.70M as of Sep 30, 2019
Net annual income (TTM): $2.37M as of Sep 30, 2019
Free cash flow (TTM): -$2.96M as of Sep 30, 2019
Net Debt Last Fiscal Year: $103.59M as of Sep 30, 2019
Shares outstanding: 22,537,381 as of Jan 16, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization