Global Water Resources Declares $0.02533 Monthly Dividend
Global Water Resources, Inc., a water and wastewater utility serving Arizona's growth corridor, declared a monthly cash dividend of $0.02533 per share, representing an annualized rate of $0.30396. The dividend is payable March 31, 2026 to shareholders of record on March 17, 2026.
Global Water Resources, Inc., a water and wastewater utility serving Arizona's growth corridor, declared a monthly cash dividend of $0.02533 per share, representing an annualized rate of $0.30396. The dividend is payable March 31, 2026 to shareholders of record on March 17, 2026. Read more dividend announcements.
| Dividend Details | Information |
|---|---|
| Amount Per Share | $0.02533 |
| Annualized Rate | $0.30396 |
| Record Date | March 17, 2026 |
| Payment Date | March 31, 2026 |
| Frequency | Monthly |
Financial Performance
The company reported net income of $3.0 million, or $0.11 per share, for the year ended December 31, 2025, down 48.9% from $5.8 million, or $0.24 per share, in 2024. The decline was primarily driven by a $1.3 million loss on asset disposals related to the recommissioning of the Southwest Plant and increased depreciation and interest expenses from the 2025 capital improvement program.
Adjusted EBITDA, a non-GAAP measure, decreased 0.7% to $26.5 million in 2025 from $26.7 million in 2024. Adjusted net income fell 38.4% to $3.9 million from $6.3 million in the prior year.
Service Connection Growth
Active service connections increased 6.3% to 68,577 as of December 31, 2025, compared to 64,520 at the end of 2024. The growth was primarily due to the acquisition of seven water systems from Tucson Water and organic expansion in existing service areas. Organic growth, excluding acquisitions, reached 3.2% year-over-year.
The company operates in the Phoenix metropolitan statistical area, which had an estimated population of 5.2 million as of 2024, representing a 7.0% increase from the 4.8 million reported in the 2020 Census.
Other Financial Items
Total other expenses increased substantially year-over-year due to the $1.3 million asset disposal loss, a $0.5 million decrease in interest income from lower average cash balances, and a $0.5 million decline in Buckeye growth premium income from fewer new meter connections. These factors were partially offset by higher Allowance for Funds Used During Construction equity of $0.3 million tied to capital expenditures.
Depreciation expense increased as a result of a 2.7% rise in depreciable fixed assets from the 2025 capital expenditure program.