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Cadiz - CDZI STOCK NEWS

Welcome to our dedicated page for Cadiz news (Ticker: CDZI), a resource for investors and traders seeking the latest updates and insights on Cadiz stock.

Overview of Cadiz Inc.

Cadiz Inc. (NASDAQ: CDZI) is a California water solutions company that specializes in the development and management of renewable water resources. With a core focus on groundwater banking, sustainable water management, and water supply and storage, the company acquires vast land holdings endowed with significant water resources, turning these assets into integrated solutions for water conservation, agricultural development, and environmental management. Operating through a dual-segment approach involving Land and Water Resources and its subsidiary ATEC Water Systems, Cadiz is positioned to address critical challenges in water access, particularly in arid regions of Southern California.

Business Model and Operational Strategy

At its heart, Cadiz Inc. leverages its large portfolio of land to develop a series of interrelated water management projects. The company’s primary project, the Cadiz Valley Water Conservation, Recovery and Storage Project, aims to capture billions of gallons of groundwater that would otherwise be lost to evaporation. By actively managing its groundwater aquifer system, Cadiz seeks to create an efficient and reliable water storage mechanism that serves multiple community needs, from residential consumption to industrial use.

Cadiz generates revenue and enhances its market position through a diversified approach:

  • Water Supply and Storage: The company develops extensive groundwater banking systems that capture and conserve precious water resources, making them available to water agencies and public partners.
  • Pipeline Infrastructure: With an expansive network of pipelines, including a recently developed Northern Pipeline that spans over 220 miles, Cadiz is uniquely positioned to deliver water to communities across Southern California.
  • Water Treatment and Filtration: Through its subsidiary ATEC Water Systems, Cadiz offers state-of-the-art water treatment solutions designed to remove common contaminants such as iron, manganese, arsenic, and other constituents, ensuring clean and reliable water quality for a wide range of consumers.
  • Land Conservation and Organic Agriculture: The company’s properties in the eastern Mojave Desert not only support water projects but also provide a conducive environment for organic farming and land conservation initiatives.

Innovative Water Management Solutions

Cadiz’s integrated approach to water resource development is anchored in the concept of maximizing available water supplies while mitigating the environmental impacts of traditional water use. The Cadiz Valley Project exemplifies this by utilizing a series of sophisticated engineering techniques to capture groundwater before it evaporates. This not only ensures that water is conserved but also helps in recharging local aquifers, thereby supporting long-term sustainability in water-scarce regions.

The company’s water treatment arm, run through its subsidiary ATEC Water Systems, leverages breakthrough filtration technologies that are both scalable and cost-effective. With systems customized for different capacities—from urban municipalities to rural communities—ATEC’s solutions have been deployed at hundreds of locations, addressing issues ranging from discolored water to significant public health concerns tied to water contaminants.

Strategic Partnerships and Market Position

Another significant pillar of Cadiz's business is its network of strategic partnerships with public sector entities, local water agencies, and private investors. These collaborations are designed to enhance the capacities of local water systems and reduce dependency on traditional water sources, such as those from the State Water Project or imported supplies. Key collaborations include agreements with cities and water districts in the Mojave Desert and Inland Empire, where Cadiz’s reliably conserved water is integral to meeting regulatory and consumer demand.

The company’s commitment to secure water supply is further evidenced by its repeated engagement in infrastructure projects with long-term contractual frameworks. These contracts allow water agencies to secure a stable water source at cost-effective terms, which in turn supports robust financing of large-scale pipeline and storage projects.

Technology, Infrastructure, and Environmental Stewardship

Cadiz’s dual focus on technology and infrastructure innovation establishes it as a key player in the evolving water solutions sector. On the technology side, the company has invested in advanced water treatment filtration technologies that are recognized for their efficiency and scalability. The in-line treatment systems developed by ATEC utilize proprietary filter media processes to remove contaminants by adsorption, making them suitable for varied applications ranging from small community water systems to expansive industrial uses.

In parallel, the firm’s commitment to environmental stewardship is reflected in its investments in land conservation. By preserving over 45,000 acres of land in biologically diverse regions of California, Cadiz not only safeguards water resources but also supports organic agriculture and wildlife conservation. Its initiatives in managing the largest desert tortoise land conservation bank in the state further highlight its integrated approach to environmental management.

Comprehensive Infrastructure Development

Infrastructure is at the core of Cadiz’s operational strategy. The company owns and manages a significant pipeline network that spans hundreds of miles, connecting its groundwater banks to communities in need of reliable water supply. This network is crucial for the delivery of conserved water and serves as a backbone for the company’s broader agenda of water security in Southern California. In addition to its pipelines, Cadiz is actively involved in repurposing legacy infrastructure assets, such as the acquisition of steel pipe assets from the terminated Keystone XL Pipeline Project, repurposing them for water transportation needs. This innovative reuse of existing infrastructure not only accelerates project timelines but also serves as a model for sustainable infrastructure management.

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ExxonMobil has appointed Maria Jelescu Dreyfus to its Board of Directors, effective May 3, 2024. Ms. Dreyfus is the CEO and founder of Ardinall Investment Management, specializing in sustainable investing and resilient infrastructure. Her extensive financial background and sustainability expertise will enhance the board's skillset and align with ExxonMobil's strategy for shareholder value growth.

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Cadiz, Inc. announces a water supply agreement with Solstra Communities to support the development of 4,000 homes for working families in California. The innovative 'Solomon Hills' project aims to provide housing for military and working families near Vandenberg Space Force Base. This agreement marks Cadiz's first venture into providing water supply for housing development, with 65% of their Northern Pipeline capacity now under contract.
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Cadiz, Inc. (NASDAQ: CDZI/CDZIP) declares a cash dividend on its 8.875% Series A Cumulative Perpetual Preferred Stock. Holders will receive $550.00 per whole share or approximately $0.55 per depositary share. The dividend payout is scheduled for April 15, 2024.
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Cadiz, Inc. secures a $57 million credit agreement, with $20 million allocated for water supply project development in Southern California. The financing strengthens the company's financial position, extends debt maturities, and receives strong support from shareholders and lenders, notably Heerema International Group Services SA.
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Cadiz, Inc. appoints Barbara Lloyd, a seasoned professional in project finance and infrastructure financing, to its Board of Directors. Lloyd's extensive experience in public-private partnerships and innovative financing strategies will be instrumental as Cadiz ventures into water infrastructure projects.
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Cadiz, Inc. announces a new financing agreement with Heerema International Group Services BV to acquire a $21.2 million Senior Secured Loan and provide an additional $20 million for capital investments. The agreement extends the Maturity Date of the combined loan to 6/30/2027, with no debt due prior to 2027. Heerema's support aligns with Cadiz's strategic objectives, focusing on clean water infrastructure solutions.
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Cadiz, Inc. announced that the City of Adelanto, California has signed a Letter of Intent with Fenner Gap Mutual Water Company to join Victor Valley water agencies in developing an integrated water management and infrastructure investment plan for the Mojave Basin region. This collaboration aims to improve the reliability and quality of local water supplies through the Cadiz Water Conservation, Supply, and Storage Project. The project will provide 25,000 acre-feet of water to the City of Adelanto, with the goal of creating a sustainable, reliable water supply strategy for the Mojave Basin. The 'One Water' regional planning process will allow pooling of resources to manage water supplies and efficiently invest in water infrastructure that benefits the whole region.
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Cadiz, Inc. announced a partnership between Fenner Gap Mutual Water Company and Victor Valley Wastewater Reclamation Authority to develop a coordinated investment strategy for water infrastructure in San Bernardino County's Mojave Basin region. The 'one water' plan aims to integrate public, private, and multi-agency financing resources to improve water quality and increase reliability of local water supplies. The plan includes recycled water from VVWRA's wastewater treatment plants and water supplies from Cadiz to create a regional water management strategy. The collaboration also involves other local agencies to expand pipeline and distribution facilities, advanced water treatment, and collaborative recharge basins to capture storm water and manage imported water supplies.
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Cadiz, Inc. (NASDAQ: CDZI, NASDAQ: CDZIP) declares a cash dividend of $560.00 per whole share for its 8.875% Series A Cumulative Perpetual Preferred Stock and approximately $0.56 per depositary share, to be paid on January 15, 2024, to respective holders of record as of January 4, 2024.
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Cadiz, Inc. (NASDAQ: CDZI/CDZIP) has received approval from the U.S. Bureau of Land Management for the assignment of a Mineral Leasing Act right-of-way grant, allowing the company to advance project development for its Northern Pipeline, a crucial component for clean water and clean energy projects. The acquisition of the 220-mile pipeline from El Paso Natural Gas is a significant milestone for Cadiz, enabling the repurposing of existing fossil fuel infrastructure to support climate adaptation initiatives.
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FAQ

What is the current stock price of Cadiz (CDZI)?

The current stock price of Cadiz (CDZI) is $3.64 as of March 7, 2025.

What is the market cap of Cadiz (CDZI)?

The market cap of Cadiz (CDZI) is approximately 268.9M.

What is the core business of Cadiz Inc.?

Cadiz Inc. focuses on renewable water resource development, including groundwater banking, water treatment, pipeline infrastructure, and land conservation. Its projects are designed to provide reliable water supplies and support sustainable water management in California.

How does Cadiz Inc. conserve water?

Cadiz employs advanced techniques to capture groundwater that would typically be lost to evaporation. Its Cadiz Valley Water Conservation, Recovery and Storage Project emphasizes efficient aquifer management and water banking, ensuring water is conserved and available for various uses.

What role does ATEC Water Systems play in the company?

ATEC Water Systems, a wholly owned subsidiary of Cadiz Inc., specializes in water treatment and filtration solutions. It designs scalable systems to remove contaminants such as iron, manganese, and arsenic, thereby ensuring clean and safe water for communities and industrial applications.

What is groundwater banking and why is it important?

Groundwater banking involves capturing and storing surplus water in underground aquifers, reducing losses from evaporation and ensuring a sustainable water supply. This process is vital for arid regions like Southern California, where water scarcity is a significant challenge.

How does Cadiz contribute to environmental sustainability?

Cadiz contributes to sustainability by conserving large tracts of land, managing water resources responsibly, and supporting organic agriculture. Its initiatives in land conservation and efficient water management help reduce environmental impact while ensuring long-term water availability.

What are some key infrastructure projects undertaken by Cadiz?

Key projects include the development of the Cadiz Valley Water Project, extensive pipeline networks for water delivery, and the repurposing of existing infrastructure such as steel pipe assets for water transportation. These projects play a critical role in establishing reliable water supply chains across California.

How does Cadiz partner with local communities and agencies?

Cadiz enters into strategic agreements with various water districts and local agencies to supply conserved water. These partnerships help enhance local water infrastructure, reduce dependency on imported water, and align with regional conservation and regulatory goals.

What differentiates Cadiz Inc. from other companies in the water sector?

Cadiz stands out due to its integrated business model that combines land acquisition, groundwater banking, pipeline development, and advanced water treatment technology. This comprehensive approach, along with its focus on renewable resources and environmental conservation, positions it uniquely within the competitive water solutions industry.
Cadiz

NYSE:CDZI

CDZI Rankings

CDZI Stock Data

268.87M
48.26M
36.8%
44.03%
7.59%
Utilities - Regulated Water
Water Supply
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United States
LOS ANGELES