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
Website: https://www.gwresources.com
IR: See website
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Key People
Ron L. Fleming
Chairman of the Board, President, Chief Executive Officer
Michael J. Liebman
Chief Financial Officer, Corporate Secretary
Joanne Ellsworth
Executive Vice President of Corporate Affairs
John Carroll Lenderking
Senior Vice President of Water Resources and Legislative Affairs
Jonathan C. Corwin
Vice President, General Manager
Jason Thuneman
Vice President - Project Management Office
Suzanne Michelle Kitts
Controller
Christopher D. Krygier
Chief Strategy Officer
 
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 seeks to deploy an integrated approach, known as Total Water Management. Total Water Management is an approach to water utility management that reduces demand on scarce non-renewable water sources and costly renewable water supplies. It treats water to potable standards, and it also treats, cleans, and recycles wastewater for a variety of non-potable uses. Its water supplies are primarily derived from groundwater. The Company owns and operates about 25 water and wastewater systems in strategically targeted communities in metropolitan Phoenix. Its subsidiaries include Global Water, LLC, Global Water - Balterra Utilities Company, Inc., Global Water - CP Water Company, Inc., and Global Water Holdings, Inc., among others.
Financial Overview
For the six months ended 30 June 2022, Global Water Resources Inc revenues increased 8% to $21.7M. Net income increased 70% to $3M. Revenues reflect Wastewater and recycled water services - Residential segment increase of 7% to $10.4M, Water Services - Residential segment increase of 10% to $7.3M. Net income benefited from Other increase from $15K to $1.6M (income), Interest Expense decrease of 16% to $2.3M (expense).
Employees: 86 as of Dec 31, 2021
Reporting Currency: U.S. Dollars
Enterprise value: $450.64M as of Jun 30, 2022
Annual revenue (TTM): $43.45M as of Jun 30, 2022
EBITDA (TTM): $17.05M as of Jun 30, 2022
Net annual income (TTM): $4.84M as of Jun 30, 2022
Free cash flow (TTM): -$8.23M as of Jun 30, 2022
Net Debt Last Fiscal Year: $106.24M as of Jun 30, 2022
Shares outstanding: 23,866,609 as of Aug 10, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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