Recent Updates — GWRS
Global Water Resources, Inc. entered into an Eighth Modification Agreement with The Northern Trust Company on August 28, 2026, amending its existing revolving line of credit. The amendment increases the maximum principal borrowing amount from $20.0 million to $30.0 million and extends the maturity date from May 18, 2028, to August 30, 2028. However, if the company completes any capital market activity after this agreement, including equity or debt offerings, the maximum borrowing limit will be reduced to $25.0 million. This facility provides essential liquidity for operations. The company operates in the water and wastewater treatment industry.
On August 20, 2026, Global Water Resources, Inc. entered into a securities purchase agreement for a private placement of 1,129,944 shares of common stock to accredited investors, including board members Jonathan L. Levine and Andrew M. Cohn via Levine Investments Limited Partnership. The shares were sold at $8.85 per share, generating approximately $10 million in aggregate proceeds. This transaction is exempt from registration under Section 4(a)(2) and Rule 506 of the Securities Act. Global Water Resources, Inc. operates in the water resources industry, providing water treatment and management services.
Global Water Resources, Inc. reported second-quarter 2026 financial results for the period ended June 30, 2026. Total revenue increased 24.8% year-over-year to $17.8 million, driven by $2.1 million in unregulated infrastructure coordination and financing agreement (ICFA) revenue and the July 2025 acquisition of seven water systems from Tucson Water. Net income rose to $2.7 million, or $0.10 per diluted share, compared to $1.6 million, or $0.06 per diluted share, in the prior-year quarter. Adjusted EBITDA grew 14.6% to $7.9 million. The company declared a monthly cash dividend of $0.02533 per common share, payable on August 31, 2026, to shareholders of record as of August 17, 2026. Active service connections increased 5.8% year-over-year to 69,429. The company also secured an extension of its $20 million revolving line of credit to May 18, 2028, and advanced regulatory proceedings for rate cases in Arizona. Global Water Resources operates water, wastewater, and recycled water utilities primarily in growth corridors around metropolitan Phoenix and Tucson.