New housing development activity and building permit trends in Phoenix metro service territories, directly driving customer connection growth (typically 2-4% annually in normal markets)
Arizona Corporation Commission rate case decisions determining allowed ROE, rate base valuation, and revenue requirement adjustments (cases filed every 2-3 years)
Capital deployment efficiency and ability to fund infrastructure investment without excessive equity dilution, given negative free cash flow profile
Water supply reliability and regulatory developments around Colorado River allocations and groundwater management in Arizona
moderate - Revenue exhibits defensive characteristics due to essential service nature and fixed charge components, but growth is cyclically sensitive to residential construction activity in Phoenix metro. Housing starts and building permits directly impact new connection additions, which drive long-term earnings growth. Existing customer base provides stable cash flow through economic downturns, but connection growth can decelerate sharply during housing market contractions as seen in 2008-2012. Volumetric water consumption shows modest correlation to economic activity through commercial/industrial usage.
High sensitivity through multiple channels: (1) Utility valuation multiples compress when risk-free rates rise as dividend yields become less attractive relative to bonds, (2) Weighted average cost of capital increases with higher debt costs, pressuring ROE spreads and reducing NPV of future rate base investments, (3) Rising mortgage rates dampen housing affordability and new home construction, directly reducing connection growth potential. Debt/equity of 1.47x means refinancing risk exists, though regulated utilities typically maintain investment-grade access. Current negative FCF requires ongoing capital markets access where rate environment matters significantly.
Colorado River water supply constraints and potential groundwater pumping restrictions in Arizona could require expensive alternative supply development or limit service territory expansion in a structurally water-scarce region
Regulatory risk from Arizona Corporation Commission rate case outcomes that may not fully recover invested capital costs or authorize adequate ROEs, particularly during periods of political pressure on utility rates
Climate change impacts including prolonged drought conditions, extreme heat affecting infrastructure, and potential for more stringent conservation mandates reducing volumetric consumption
dividend-income - Small-cap regulated utility attracts income-focused investors seeking yield (though dividend sustainability depends on capital access given negative FCF) and exposure to Phoenix population growth themes. Value investors may be drawn to regulated asset base trading below larger utility peers' multiples, while growth investors focus on above-average connection growth potential in high-growth Arizona markets. Limited institutional ownership due to small market cap and liquidity constraints.
Trend
-11.7% vs SMA 50 · -25.1% vs SMA 200
Momentum
Heavy distribution on elevated volume — institutions appear to be exiting. Squeeze setups unlikely while selling pressure persists.
Based on volume distribution analysis. Direct short interest data (short float %, days to cover) is not available in current data sources.
ANALYST ESTIMATES
Analyst consensus estimates · Actuals replace estimates as reported
| Year | Revenue Est. | Rev Gth | EPS Est. | EPS Gth | Range | Analysts |
|---|---|---|---|---|---|---|
FY2024 | $52.4M $51.8M–$53.0M | — | $0.28 | — | ±7% | Low2 |
FY2025 | $55.9M $55.8M–$56.1M | ▲ +6.7% | $0.17 | ▼ -37.5% | ±0% | Low1 |
FY2026(current) | $58.3M $58.2M–$58.5M | ▲ +4.3% | $0.06 | ▼ -65.7% | ±0% | Low1 |
Dividend per payment — last 8 periods
INSTITUTIONAL OWNERSHIP
GWRS News
About
Global Water Resources, Inc. is a leading water resource management company that owns and operates 12 utilities which provide water, wastewater, and recycled water services. The company's service areas are located primarily in growth corridors around metropolitan Phoenix. Global Water recycles nearly 1 billion gallons of water annually. The company has been recognized for its highly-effective implementation of Total Water Management (TWM), an integrated approach to managing the entire water cycle by owning and operating water, wastewater and recycled water utilities within the same geographic area to maximize the beneficial use of recycled water. TWM conserves water by using the right water for the right use and helps protect water supplies in water-scarce areas experiencing population growth.
| Symbol | Price | Day % | Mkt Cap↓ | P/E | Rev Grw | Margin | ELO |
|---|---|---|---|---|---|---|---|
GWRS◀ | $6.70 | -3.74% | $193M | 96.3 | +581.9% | 530.3% | 1500 |
| $1049.23 | -3.79% | $281.9B | 30.1 | +894.3% | 1283.0% | 1527 | |
| $93.36 | -2.42% | $194.7B | 23.8 | +1100.1% | 2487.3% | 1511 | |
| $92.55 | -1.21% | $104.3B | 23.8 | +1058.6% | 1468.9% | 1503 | |
| $120.95 | -2.70% | $94.3B | 18.3 | +619.3% | 1541.1% | 1498 | |
| $267.20 | -2.93% | $83.4B | 35.9 | +833.8% | 908.2% | 1493 | |
| $125.15 | -2.68% | $68.1B | 18.6 | +937.2% | 1643.5% | 1506 | |
| Sector avg | — | -2.78% | — | 35.3 | +860.7% | 1408.9% | 1505 |