CAIDD and Cadiz Sign MOU for New Water Supplies
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Source: Newsfilter
- Water Resource Assurance: CAIDD and Cadiz have signed a Memorandum of Understanding to purchase up to 10,000 acre-feet of new water supply annually from the Mojave Groundwater Bank, addressing long-term water reliability issues in Arizona, particularly amid Colorado River shortages.
- Agricultural Support: This agreement provides CAIDD with stable supplemental water supplies, ensuring reliable water delivery to approximately 87,600 acres of agricultural customers, thereby enhancing the sustainability and economic stability of the region's agriculture.
- Interstate Collaboration: The transaction will facilitate the integration of new water supplies through an interstate exchange mechanism involving Colorado River water, aligning with the U.S. Department of the Interior's evaluation of new water supply and storage resources, promoting innovative regional water management.
- Long-term Investment: The CAIDD and Cadiz agreement spans 50 years with an initial price of $850 per acre-foot, demonstrating both parties' commitment to future water resource development aimed at reducing infrastructure costs and ensuring water supply security for Arizona.
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About CDZI
Cadiz Inc. is a water solutions provider with a combination of land, water, pipeline, and water filtration assets located in Southern California. The Company's segments include Land and Water Resources, and Water Filtration Technology. The Land and Water Resources segment comprises all activities regarding its properties in the eastern Mojave Desert pre-revenue development of the Water Project (supply, storage and conveyance), and agricultural operations. The Water Filtration Technology segment comprises ATEC Water Systems LLC, its subsidiary, which provides water filtration solutions for impaired or contaminated groundwater sources. Its portfolio of assets includes over 2.5 million acre-feet of water supply, one million acre-feet of groundwater storage capacity, 220 miles of existing, underground pipeline, and versatile and scalable water filtration technology. It has over 46,000 acres of land with naturally recharging groundwater resources in Southern California’s Mojave Desert.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
CAIDD and Cadiz Inc. Sign Water Supply MOU for Long-Term Reliability in Arizona
- Water Supply Agreement: CAIDD and Cadiz have signed a memorandum of understanding to purchase up to 10,000 acre-feet of water annually, aimed at addressing long-term water reliability issues in Arizona, particularly amid worsening drought conditions.
- Support for Agriculture: This agreement will provide CAIDD with a stable water source, ensuring water supply for approximately 87,600 acres of farmland, thereby maintaining agricultural productivity and economic stability.
- Interstate Water Exchange: The MOU allows for interstate water exchanges via the Colorado River, facilitating the introduction of new water supplies, aligning with the U.S. Department of the Interior's water management strategies, and enhancing regional water sustainability.
- Long-Term Investment Outlook: The collaboration between CAIDD and Cadiz represents an innovative approach to water resource management, potentially securing water supply for the next 50 years and expected to drive economic growth and agricultural development in Arizona.
See More
CAIDD and Cadiz Sign MOU for New Water Supplies
- Water Resource Assurance: CAIDD and Cadiz have signed a Memorandum of Understanding to purchase up to 10,000 acre-feet of new water supply annually from the Mojave Groundwater Bank, addressing long-term water reliability issues in Arizona, particularly amid Colorado River shortages.
- Agricultural Support: This agreement provides CAIDD with stable supplemental water supplies, ensuring reliable water delivery to approximately 87,600 acres of agricultural customers, thereby enhancing the sustainability and economic stability of the region's agriculture.
- Interstate Collaboration: The transaction will facilitate the integration of new water supplies through an interstate exchange mechanism involving Colorado River water, aligning with the U.S. Department of the Interior's evaluation of new water supply and storage resources, promoting innovative regional water management.
- Long-term Investment: The CAIDD and Cadiz agreement spans 50 years with an initial price of $850 per acre-foot, demonstrating both parties' commitment to future water resource development aimed at reducing infrastructure costs and ensuring water supply security for Arizona.
See More
Cadiz Announces Cash Dividend Payment Plan
- Cash Dividend Declaration: Cadiz, Inc. has announced a cash dividend of $550.00 per share on its 8.875% Series A Cumulative Perpetual Preferred Stock, reflecting the company's commitment to shareholder returns.
- Dividend Payment Timing: The cash dividend will be paid on July 15, 2026, to shareholders of record as of July 2, 2026, ensuring timely returns for investors.
- Company Background: Founded in 1983, Cadiz, Inc. focuses on providing clean, reliable, and affordable water solutions, boasting 45,000 acres of land and a water supply of 2.5 million acre-feet, showcasing its strength in water resource management.
- Climate Change Response: The company aims to address the impacts of climate change on clean water access through its 220 miles of pipeline assets and industry-leading water treatment technology, further solidifying its market position.
See More
Cadiz Announces Cash Dividend Plan for Preferred Stock
- Cash Dividend Declaration: Cadiz, Inc. has announced a cash dividend of $550.00 per share for its 8.875% Series A Cumulative Preferred Stock, which is expected to bolster investor confidence and attract more capital inflows.
- Dividend Details: Holders of depositary shares, each representing a 1/1000 interest in a share of Series A Preferred Stock, will receive $0.55 per depositary share, with payments scheduled for July 15, 2026, enhancing the company's image in the capital markets.
- Record Date for Shareholders: The dividend will be paid to shareholders of record as of July 2, 2026, ensuring eligible shareholders receive timely benefits, thereby increasing shareholder loyalty.
- Company Background: Founded in 1983, Cadiz, Inc. focuses on providing clean, reliable, and affordable water solutions, managing 45,000 acres of land and a water supply of 2.5 million acre-feet, showcasing its leadership in the water solutions sector.
See More
Updated Quant Ratings for Small-Cap Utility Companies Post Earnings Season
- Quant Rating Overview: As the earnings season concludes, investors are focusing on updated quant ratings for small-cap utility companies with market caps between $300M and $2B, which assess key factors like valuation, growth, and profitability.
- Rating Performance: XPLR Infrastructure (XIFR) holds a rating of 3.40, indicating strengthened fundamentals, while Consolidated Water Co (CWCO) has a strong sell rating of 1.45, reflecting significant market challenges.
- Earnings Guidance Adjustment: Genie Energy Ltd (GNE) has lowered its FY2026 adjusted EBITDA guidance to $32.5M-$40M due to retail margin compression and increased acquisition spending, highlighting pressure on its profitability.
- Future Revenue Outlook: Consolidated Water anticipates realizing over $13M in remaining revenue from two PERC projects primarily in 2026, indicating potential revenue sources despite ongoing challenges.
See More
Cadiz Enters Funding Agreement with U.S. Bureau of Reclamation
- Funding Agreement Established: Cadiz, Inc. has signed a funding agreement with the U.S. Bureau of Reclamation to support technical and regulatory reviews for the Mojave Groundwater Bank project, which is expected to pave the way for future federal investments in the project.
- Project Background: The Mojave Groundwater Bank, located in southeastern California, aims to interconnect the Colorado River and California State Water Project through new pipeline infrastructure, with an expected reliable annual supply of up to 75,000 acre-feet, enhancing drought resilience.
- Initial Tasks Commencing: The initial tasks under the agreement will begin immediately, including assessing the implementation methods for proposed water exchanges within the Colorado River System and validating water supply and delivery capabilities to ensure project feasibility.
- Strategic Importance: The CEO of Cadiz stated that this agreement represents significant progress in collaboration with Reclamation and other stakeholders, aimed at enhancing water supply reliability in the Southwest, aligning with the company's long-term strategy to address climate change impacts.
See More
CAIDD and Cadiz Inc. Sign Water Supply MOU for Long-Term Reliability in Arizona
- Water Supply Agreement: CAIDD and Cadiz have signed a memorandum of understanding to purchase up to 10,000 acre-feet of water annually, aimed at addressing long-term water reliability issues in Arizona, particularly amid worsening drought conditions.
- Support for Agriculture: This agreement will provide CAIDD with a stable water source, ensuring water supply for approximately 87,600 acres of farmland, thereby maintaining agricultural productivity and economic stability.
- Interstate Water Exchange: The MOU allows for interstate water exchanges via the Colorado River, facilitating the introduction of new water supplies, aligning with the U.S. Department of the Interior's water management strategies, and enhancing regional water sustainability.
- Long-Term Investment Outlook: The collaboration between CAIDD and Cadiz represents an innovative approach to water resource management, potentially securing water supply for the next 50 years and expected to drive economic growth and agricultural development in Arizona.
See More
CAIDD and Cadiz Sign MOU for New Water Supplies
- Water Resource Assurance: CAIDD and Cadiz have signed a Memorandum of Understanding to purchase up to 10,000 acre-feet of new water supply annually from the Mojave Groundwater Bank, addressing long-term water reliability issues in Arizona, particularly amid Colorado River shortages.
- Agricultural Support: This agreement provides CAIDD with stable supplemental water supplies, ensuring reliable water delivery to approximately 87,600 acres of agricultural customers, thereby enhancing the sustainability and economic stability of the region's agriculture.
- Interstate Collaboration: The transaction will facilitate the integration of new water supplies through an interstate exchange mechanism involving Colorado River water, aligning with the U.S. Department of the Interior's evaluation of new water supply and storage resources, promoting innovative regional water management.
- Long-term Investment: The CAIDD and Cadiz agreement spans 50 years with an initial price of $850 per acre-foot, demonstrating both parties' commitment to future water resource development aimed at reducing infrastructure costs and ensuring water supply security for Arizona.
See More
Cadiz Announces Cash Dividend Payment Plan
- Cash Dividend Declaration: Cadiz, Inc. has announced a cash dividend of $550.00 per share on its 8.875% Series A Cumulative Perpetual Preferred Stock, reflecting the company's commitment to shareholder returns.
- Dividend Payment Timing: The cash dividend will be paid on July 15, 2026, to shareholders of record as of July 2, 2026, ensuring timely returns for investors.
- Company Background: Founded in 1983, Cadiz, Inc. focuses on providing clean, reliable, and affordable water solutions, boasting 45,000 acres of land and a water supply of 2.5 million acre-feet, showcasing its strength in water resource management.
- Climate Change Response: The company aims to address the impacts of climate change on clean water access through its 220 miles of pipeline assets and industry-leading water treatment technology, further solidifying its market position.
See More
Cadiz Announces Cash Dividend Plan for Preferred Stock
- Cash Dividend Declaration: Cadiz, Inc. has announced a cash dividend of $550.00 per share for its 8.875% Series A Cumulative Preferred Stock, which is expected to bolster investor confidence and attract more capital inflows.
- Dividend Details: Holders of depositary shares, each representing a 1/1000 interest in a share of Series A Preferred Stock, will receive $0.55 per depositary share, with payments scheduled for July 15, 2026, enhancing the company's image in the capital markets.
- Record Date for Shareholders: The dividend will be paid to shareholders of record as of July 2, 2026, ensuring eligible shareholders receive timely benefits, thereby increasing shareholder loyalty.
- Company Background: Founded in 1983, Cadiz, Inc. focuses on providing clean, reliable, and affordable water solutions, managing 45,000 acres of land and a water supply of 2.5 million acre-feet, showcasing its leadership in the water solutions sector.
See More
Updated Quant Ratings for Small-Cap Utility Companies Post Earnings Season
- Quant Rating Overview: As the earnings season concludes, investors are focusing on updated quant ratings for small-cap utility companies with market caps between $300M and $2B, which assess key factors like valuation, growth, and profitability.
- Rating Performance: XPLR Infrastructure (XIFR) holds a rating of 3.40, indicating strengthened fundamentals, while Consolidated Water Co (CWCO) has a strong sell rating of 1.45, reflecting significant market challenges.
- Earnings Guidance Adjustment: Genie Energy Ltd (GNE) has lowered its FY2026 adjusted EBITDA guidance to $32.5M-$40M due to retail margin compression and increased acquisition spending, highlighting pressure on its profitability.
- Future Revenue Outlook: Consolidated Water anticipates realizing over $13M in remaining revenue from two PERC projects primarily in 2026, indicating potential revenue sources despite ongoing challenges.
See More
Cadiz Enters Funding Agreement with U.S. Bureau of Reclamation
- Funding Agreement Established: Cadiz, Inc. has signed a funding agreement with the U.S. Bureau of Reclamation to support technical and regulatory reviews for the Mojave Groundwater Bank project, which is expected to pave the way for future federal investments in the project.
- Project Background: The Mojave Groundwater Bank, located in southeastern California, aims to interconnect the Colorado River and California State Water Project through new pipeline infrastructure, with an expected reliable annual supply of up to 75,000 acre-feet, enhancing drought resilience.
- Initial Tasks Commencing: The initial tasks under the agreement will begin immediately, including assessing the implementation methods for proposed water exchanges within the Colorado River System and validating water supply and delivery capabilities to ensure project feasibility.
- Strategic Importance: The CEO of Cadiz stated that this agreement represents significant progress in collaboration with Reclamation and other stakeholders, aimed at enhancing water supply reliability in the Southwest, aligning with the company's long-term strategy to address climate change impacts.
See More
