Core Viewpoint - Global Water Resources, Inc. will hold a conference call on March 6, 2025, to discuss its fourth-quarter financial results for the year ended December 31, 2024, with a press release to be issued prior to the call [1] Company Overview - Global Water Resources, Inc. is a leading water resource management company that operates 32 systems providing water, wastewater, and recycled water services, primarily in growth corridors around metropolitan Phoenix [3] - The company recycles over 1 billion gallons of water annually, totaling 17.4 billion gallons recycled since 2004 [3] Total Water Management (TWM) - The company has effectively implemented Total Water Management (TWM), an integrated approach to managing the entire water cycle, which includes owning and operating water, wastewater, and recycled water utilities within the same geographic area [4] - TWM enables smart water management programs, such as remote metering infrastructure and advanced technologies, leading to real conservation and protection of water supplies in water-scarce areas experiencing population growth [4] Industry Recognition - Global Water has received numerous awards, including national recognition as a 'Utility of the Future Today' for its superior water reuse practices [5] - The company also received Cityworks' Excellence in Departmental Practice Award for demonstrating leadership in public asset management strategies [5]

Core Viewpoint - Global Water Resources, Inc. has reached a unanimous settlement regarding its general rate case application for GW-Farmers, which is expected to enhance utility services and provide a revenue increase of approximately $1.1 million annually if approved [1][2][3]. Group 1: Rate Case and Financial Impact - This is the first rate case submitted for GW-Farmers since its acquisition by Global Water in 2023 [2]. - The proposed new rates are based on 2023 test-year service connections and will be implemented in three stages: 50% on May 1, 2025, 25% on November 1, 2025, and 25% on May 1, 2026 [2]. - The agreement includes a deferral of the recovery of an acquisition premium of approximately $3 million, allowing Global Water to recover this investment in a future rate case [3]. Group 2: Regulatory Process - A hearing before an Administrative Law Judge is the next step, which will lead to a Recommended Opinion and Order for the Commission's consideration [4]. Group 3: Company Overview - Global Water Resources, Inc. operates 32 systems providing water, wastewater, and recycled water services, primarily in growth corridors around metropolitan Phoenix [5]. - The company recycles over 1 billion gallons of water annually, totaling 17.4 billion gallons since 2004 [5]. - Global Water has been recognized for its effective implementation of Total Water Management (TWM), which integrates water cycle management to maximize the beneficial use of recycled water [6]. Group 4: Industry Recognition - The company has received numerous awards, including national recognition as a 'Utility of the Future Today' for superior water reuse practices [7].

Financial Data and Key Metrics Changes - Total revenue for Q3 2024 was $14.3 million, down $0.2 million or 1.5% compared to Q3 2023, primarily due to non-recurring ICFA revenue in Q3 2023 [22] - Regulated revenue, excluding ICFA revenue, was $14.3 million, up $0.3 million or 2.2% compared to Q3 2023, driven by organic connection growth [23] - Net income for Q3 2024 was $2.9 million or $0.12 per diluted share, compared to $2.6 million or $0.11 per diluted share in Q3 2023 [25] - Adjusted EBITDA was $8.2 million in Q3 2024, an increase of approximately $600,000 or 7.2% from Q3 2023 [26] Business Line Data and Key Metrics Changes - Total active service connections increased 4.7% to 63,889 as of September 30, 2024, with a year-to-date growth rate of 4.5% [8] - Year-to-date Q3 2024 permit data showed strong growth in multifamily housing units in the City of Maricopa, with 1,200 units permitted compared to 350 units in the same period in 2023, representing an increase of 281% [13] Market Data and Key Metrics Changes - The single-family dwelling unit market in the Phoenix area saw a 28% increase in building permits issued in the last nine months compared to Q3 2023 [10] - The industrial manufacturing sector in Arizona experienced a record investment of $40.7 billion in 2023, surpassing the previous best year [15] Company Strategy and Development Direction - The company aims to grow through organic connections, new greenfield utilities, acquisitions, and rate cases, focusing on efficiency and consolidation in water management [20] - The company is optimistic about the future potential of its Inland Port Arizona service area and is in discussions for potential projects with several firms [16] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that high inflation and other cost drivers are impacting earnings growth, but emphasized that 2024 is a test year for their largest utilities [19] - The company remains bullish on future growth due to ongoing demand for housing and industrial projects in Arizona [18] Other Important Information - The company has maintained a compliance record with zero significant compliance events for over seven years [9] - The Tucson acquisition approval application is progressing, with an estimated closing in Q1 2025 [28] Q&A Session Summary Question: Impact of political landscape changes on operations - Management agreed that the political landscape could accelerate reshoring of manufacturing and noted significant economic development investment trends in Arizona [34][35] Question: Buckeye premium for the quarter - The Buckeye premium was approximately $920,000 for the quarter, up 25% from the previous year [40]

Financial Performance - Global Water Resources, Inc. (GWRS) reported quarterly earnings of $0.12 per share, exceeding the Zacks Consensus Estimate of $0.11 per share, and showing an increase from $0.11 per share a year ago, representing an earnings surprise of 9.09% [1] - The company posted revenues of $14.32 million for the quarter ended September 2024, which was below the Zacks Consensus Estimate by 2.25%, and a decrease from $14.53 million in the same quarter last year [2] - Over the last four quarters, the company has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Stock Performance and Outlook - Global Water Resources shares have declined approximately 2.4% since the beginning of the year, contrasting with the S&P 500's gain of 21.2% [3] - The company's earnings outlook is mixed, with the current consensus EPS estimate for the upcoming quarter at $0.06 on revenues of $13.2 million, and $0.27 on revenues of $53.4 million for the current fiscal year [7] - The stock currently holds a Zacks Rank 3 (Hold), indicating it is expected to perform in line with the market in the near future [6] Industry Context - The Utility - Water Supply industry, to which Global Water Resources belongs, is currently ranked in the top 27% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Service Connections and Growth - As of September 30, 2024, active service connections increased by 2,853, or 4.7%, to 63,889 compared to 61,036 active service connections as of September 30, 2023[118] - The company continues to experience an organic growth rate of 4.7% in active connections, up from 2.6% for the same period in 2023[114] - Active water connections increased by 4.4% to 35,464 as of September 30, 2024, from 33,976 as of September 30, 2023[158] Financial Performance - Revenues for the three months ended September 30, 2024, were $14.321 million, a decrease of 1.5% compared to $14.532 million in the same period of 2023[154] - Operating expenses decreased to $10.337 million from $10.695 million, resulting in an operating income of $3.984 million, up from $3.837 million year-over-year[154] - Net income for the three months ended September 30, 2024, was $2.925 million, compared to $2.634 million in the same period of 2023, reflecting an increase of 11%[154] - Basic and diluted earnings per common share for the third quarter of 2024 were both $0.12, an increase from $0.11 in the same quarter of 2023[154] - Total revenues decreased by $0.2 million, or 1.5%, to $14.3 million for the three months ended September 30, 2024, compared to $14.5 million for the same period in 2023[155] - Net income decreased by $1.5 million, totaling $5.3 million for the nine months ended September 30, 2024, compared to $6.8 million for the same period in 2023[198] Revenue Sources - Water service revenue remained stable at $7.5 million for both the three months ended September 30, 2024 and 2023[156] - Wastewater and recycled water service revenue increased by $0.3 million, or 5.1%, to $6.8 million for the three months ended September 30, 2024, compared to $6.5 million for the same period in 2023[161] - Water service revenue increased by $0.5 million, or 2.5%, to $19.4 million for the nine months ended September 30, 2024, compared to $18.9 million for the same period in 2023[179] - Wastewater service revenue increased by $1.0 million for the nine months ended September 30, 2024, driven by a 5.0% increase in active wastewater connections[183] - Recycled water service revenue increased by 40.2% with 882 million gallons delivered for the nine months ended September 30, 2024, compared to 629 million gallons for the same period in 2023[184] Expenses and Costs - Total operating expenses decreased by $0.4 million, or 3.7%, to $10.3 million for the three months ended September 30, 2024, compared to $10.7 million for the same period in 2023[165] - Total operating expenses increased by approximately $1.4 million, or 4.6%, to $31.4 million for the nine months ended September 30, 2024, compared to $30.0 million for the same period in 2023[186] - Operations and maintenance costs rose by approximately $0.6 million, or 6.9%, to $10.2 million for the nine months ended September 30, 2024, compared to $9.6 million for the same period in 2023[186] - General and administrative costs increased by $0.4 million, or 3.2%, to $12.3 million for the nine months ended September 30, 2024, compared to $11.9 million for the same period in 2023[190] Capital Expenditures and Investments - The company is in the process of complying with the National Primary Drinking Water Regulation (NPDWR) and expects increased capital expenditures for PFAS-contaminated water treatment[126][127] - The company has an established capital improvement plan to enhance infrastructure and address operational needs[132] - The company expects to complete the acquisition of seven isolated public water systems from the City of Tucson for $8.4 million in the first quarter of 2025[150] - The estimated rate base of the seven water systems to be acquired is approximately $7.8 million[150] Regulatory and Legal Matters - The company is subject to extensive regulation by the Arizona Corporation Commission (ACC), which influences its rates and financial performance[121] - The company expects to recover expenses associated with compliance for environmental and health standards through rate increases, although this may be affected by regulatory lag[127] - The company is involved in ongoing settlement talks related to the Aqueous Film-Forming Foams (AFFF) Products Liability Litigation, which could impact its financial condition[129] Cash Flow and Financing - Cash flows provided by operating activities totaled approximately $15.8 million for the nine months ended September 30, 2024, a decrease of $6.9 million compared to $22.7 million for the same period in 2023[206] - Net cash used in investing activities was approximately $19.2 million for the nine months ended September 30, 2024, compared to $24.8 million for the same period in 2023, a decrease of $5.7 million[207] - Net cash provided by financing activities increased by $18.5 million to $20.7 million for the nine months ended September 30, 2024, compared to $2.3 million for the same period in 2023[209] Debt and Compliance - The Company amended the Northern Trust Loan Agreement to extend the maturity date to July 1, 2026 and increase the maximum borrowing amount to $15.0 million[218] - The Northern Trust Loan Agreement requires a debt service coverage ratio of consolidated EBITDA to consolidated debt service of at least 1.10 to 1.00[220] - The Company was in compliance with its financial debt covenants under the Northern Trust Loan Agreement as of September 30, 2024[221] Internal Controls and Insurance - There were no material changes in the Company's internal control over financial reporting during the fiscal quarter ended September 30, 2024[228] - The Company is self-insured for losses within policy deductibles or exceeding the amount of insurance maintained, which could materially affect its financial condition[224] - The Company is not involved in any legal proceedings expected to have a material effect on its operations[230]

Financial Data and Key Metrics Changes - Total revenue for Q2 2024 was $13.5 million, an increase of $500,000 or 3.9% compared to Q2 2023, primarily driven by a 4.9% organic growth in service areas [14] - Operating expenses for Q2 2024 were $10.7 million, up approximately $700,000 or 7.2% from Q2 2023 [15] - Net income for Q2 2024 was $1.7 million or $0.07 per diluted share, consistent with Q2 2023 [15] - Adjusted EBITDA for Q2 2024 was $6.8 million, slightly up from $6.7 million in Q2 2023 [16] Business Line Data and Key Metrics Changes - Total active service connections increased by 4.9% to 63,256 as of June 30, 2024, with a year-over-year regulated revenue growth rate of 5.3% [5] - The single-family dwelling unit market in the Phoenix metro area saw a 43% increase in building permits issued in the first half of 2024 compared to Q2 2023 [6] - Multifamily housing unit permits in the City of Maricopa increased by 273% in the first half of 2024 compared to the same period in 2023 [8] Market Data and Key Metrics Changes - The industrial manufacturing sector in Arizona saw $40.7 billion invested in 2023, surpassing the previous record set in 2022 [9] - The City of Maricopa is preparing a large industrial complex, indicating strong interest from businesses looking to relocate to Arizona [10] Company Strategy and Development Direction - The company aims to achieve efficiency and consolidation in the water management industry, focusing on expanding its total water management platform [22] - The company is in a test year for its largest utilities, with plans to file a rate case in the first half of 2025 [21] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that high inflation and cost drivers have impacted earnings growth but emphasized that 2024 is a test year for their largest utilities [12] - There is a strong consensus on a housing shortage in Metro Phoenix, which is expected to drive demand for housing units [7] Other Important Information - The Arizona Corporation Commission approved a bill credit that will reduce revenue by approximately $570,000 annually, effective August 1, 2024 [17] - The company is actively pursuing the Tucson acquisition, with a target for approval by the end of the year or early next year [26] Q&A Session Summary Question: Discussion on acquisition pipeline - Management indicated that there are still opportunities for acquisitions in Arizona, which remains highly fragmented with over 300 utilities [24] Question: Timeline for Tucson acquisition approval - The company is targeting either the end of the year or early in the first quarter for the Tucson acquisition approval [26]

Core Viewpoint - Global Water Resources, Inc. (GWRS) reported quarterly earnings of $0.07 per share, missing the Zacks Consensus Estimate of $0.08 per share, representing an earnings surprise of -12.50% [1] Financial Performance - The company posted revenues of $13.51 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 0.66%, compared to revenues of $13 million a year ago [2] - Over the last four quarters, GWRS has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2] Stock Performance - Shares of Global Water Resources have lost about 7.2% since the beginning of the year, while the S&P 500 has gained 9.9% [3] - The current consensus EPS estimate for the coming quarter is $0.11 on revenues of $14.8 million, and for the current fiscal year, it is $0.29 on revenues of $53.4 million [7] Industry Outlook - The Utility - Water Supply industry, to which GWRS belongs, is currently in the bottom 24% of over 250 Zacks industries, indicating potential challenges ahead [8] - The performance of GWRS may be influenced by the overall outlook for the industry, as empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions [5][8]

Exhibit 99.1 Global Water Resources Reports Second Quarter 2024 Results PHOENIX, AZ – August 7, 2024 – Global Water Resources, Inc. (NASDAQ: GWRS), a pure-play water resource management company, reported results for the second quarter ended June 30, 2024. All comparisons are to the same year-ago period unless otherwise noted. The company will hold a conference call at 1:00 p.m. Eastern time tomorrow to discuss the results (see dial-in information below). Q2 2024 Financial Highlights • Total revenue increase ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _____________________________________________________________ FORM 10-Q _____________________________________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ | ...

Investors in Global Water Resources, Inc. (GWRS) need to pay close attention to the stock based on moves in the options market lately. That is because the Aug 16, 2024 $7.50 Put had some of the highest implied volatility of all equity options today. Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is a ...