Global Water Resources (GWRS)
Provides regulated water, wastewater, and recycled water service in Arizona growth corridors.
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Owns and operates regulated water, wastewater, and recycled water utilities in metropolitan Phoenix and Tucson. Revenue comes from tariff-based utility service in one reportable segment, with operations concentrated in Arizona service territories shaped by ACC regulation, CC&N rights, water supply, and rate outcomes.
Provides regulated water, wastewater, and recycled water utility service through local systems in metropolitan Phoenix and Tucson. Operations sit in a single reportable segment, with customer relationships and revenue tied to Arizona Corporation Commission-approved tariff rates.
Runs a Total Water Management model that links potable water delivery, wastewater treatment, recycled-water reuse, conservation-oriented rate design, and regional planning. That integrated model is meant to reduce demand on scarce non-renewable water sources and support service areas in Arizona growth communities.
Growth comes from connections inside existing service territories, service-area expansion, developer and municipal relationships, selected acquisitions, and rate-case outcomes. Existing ACC-designated areas carry exclusive CC&N service rights, while expansion depends on regulatory approvals, assured water supply, environmental permits, and concentration in Maricopa-area territories.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Mar 9, 2026 | Roth Capital | Target | Target: $15 | Target: $12.50 |
| Mar 5, 2026 | Freedom Capital Markets | Downgrade | ||
| Mar 5, 2026 | Freedom Broker | Downgrade | ||
| Dec 4, 2025 | Freedom Broker | Upgrade | ||
| Dec 4, 2025 | Freedom Capital Markets | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.5M · Total debt $135.9M · Total assets $484.2M · Shareholders' equity $84.8M
- Revenue
- $17.8M
- Operating income
- $4.5M
- Net income
- $2.7M
HistoryDividendAnnual yield
| Institutions | ≈ 26.13% | 7.52M shares | |
|---|---|---|---|
| 109 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 62.85% | 18.10M shares | |
| 17 holders · as of Sep 8, 2026 | |||
| Other | ≈ 11.02% | 3.17M shares | |
| remainder | |||
28.80M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Jonathan L. LevineInsiderdirector | 44.57% | 12.83M | filed Aug 24, 2026 |
Andrew M. CohnInsiderdirector | 9.38% | 2.70M | filed Aug 21, 2026 |
Andrew M. Cohn and Amy Cohn, husband and wifeInsider | 7.49% | 2.16M | filed Jun 16, 2023 |
TSP Capital Management Group, LLCInstitution | 4.65% | 1.34M | as of Jun 30, 2026 |
Polar Asset Management Partners Inc.Institution | 3.57% | 1.03M | filed Feb 8, 2022 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 20, 2026 | Jonathan L. Levine | director | +651,618 | $8.85 |
| Aug 20, 2026 | Andrew M. Cohn | director | +139,343 | $8.85 |
| May 20, 2026 | Michael J. Liebman | officer: CFO and Corporate Secretary | +7,000 | $6.89 |
| May 20, 2026 | Christopher D. Krygier | officer: Chief Operating Officer | +5,389 | $6.87 |
| May 19, 2026 | John Carroll Lenderking | officer: SVP, Water Resources | +700 | $6.85 |
- American Water Works
Largest U.S. regulated water/wastewater utility peer
- Essential Utilities
Aqua water/wastewater platform with active acquisition pipeline
- Algonquin Power & Utilities
Liberty platform with Arizona water/wastewater systems
- California Water Service Group
Western regulated water peer expanding through acquisitions
- H2O America
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- American States Water
California water utility and contracted-service operator
- Pure Cycle
Small western water/wastewater and developer-services peer
- Middlesex Water
Smaller regulated water/wastewater peer with tuck-in strategy
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Global Water Resources | $8.06 | −2.77% | $238.5M | 75.3 | 72.2 | 4.0 | +24.8% |
| American Water Works | $133.09 | −0.55% | $26.59B | 23.2 | 21.7 | 5.0 | +6.2% |
| Essential Utilities | $40.19 | −0.47% | $11.45B | 20.6 | 17.4 | 4.5 | +3.1% |
| Algonquin Power & Utilities | $5.09 | −2.30% | $4.01B | 28.7 | 13.0 | 1.6 | +3.1% |
| California Water Service Group | $46.67 | −1.31% | $2.92B | 21.3 | 17.9 | 2.8 | +16.5% |
| H2O America | $62.52 | −0.64% | $2.63B | 22.2 | 22.8 | 3.2 | +6.2% |
| American States Water | $83.32 | −1.27% | $3.31B | 23.1 | 22.4 | 4.7 | +11.2% |
| Pure Cycle | $11.01 | −0.83% | $267.5M | 18.2 | — | 7.9 | +60.0% |
| Middlesex Water | $53.86 | −1.93% | $1.03B | 21.1 | 20.5 | 5.0 | +14.3% |
| Median | 21.7 | 20.5 | 4.6 | +8.7% |