Core Points - Cadiz, Inc. has entered into an agreement to purchase 180 miles of steel pipe from the terminated Keystone XL Pipeline Project for constructing a pipeline network to connect its groundwater bank in the Mojave Desert to major water networks in the Southwestern U.S. [1][3] - The new steel pipe will expand the company's existing pipeline assets, which include 220 miles acquired from El Paso Natural Gas in 2021, creating the largest new groundwater bank in the Southwest [1][3] - Construction of the pipeline network is planned to begin in 2025 [1] Company Mission and Vision - The company emphasizes its mission of repurposing fossil fuel infrastructure to deliver clean water to underserved communities, which aligns with its goal of environmental justice [2][4] - Cadiz CEO Susan Kennedy highlighted that securing the steel will enable faster and more efficient infrastructure development [2] Financial Aspects - In October, the company announced a letter of intent with a non-profit investment fund for a prospective investment of up to $150 million for the construction, ownership, and operation of the Mojave Groundwater Bank [5] - The total estimated cost for the construction of the Mojave Groundwater Bank is $800 million, with the fund and other investors expected to provide up to $401 million in equity capital [5]

The market expects Cadiz (CDZI) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, th ...

LOS ANGELES, Nov. 4, 2024 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI/CDZIP), a California water solutions company, today announced that it has entered into a placement agent agreement for the purchase and sale of an aggregate of 7,000,000 shares of its common stock in a registered direct offering (the "Offering") at a price of $3.34 per share. The aggregate gross proceeds to the Company from the Offering are expected to be approximately $23.38 million, before deducting the placement agent's fees and other of ...

Hydrogen facility at Cadiz Ranch site to use 100% solar power to produce 50 tons of green hydrogen per day to fuel zero-emission trucks, cars and electricityLOS ANGELES, Oct. 23, 2024 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI / CDZIP), a California water solutions company, and RIC Energy, a global renewable energy company, announced today they have entered into an agreement to build California's largest green hydrogen facility at Cadiz Ranch in the Mojave Desert. Under the agreement, Cadiz will supply land ...

Arsenic, iron and manganese filter systems to be delivered in 2025.LOS ANGELES, Oct. 22, 2024 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI / CDZIP) ("Cadiz" or the "Company"), a California water solutions company, today announced that its operating subsidiary ATEC Water Systems, LLC ("ATEC") was awarded three new sales contracts totaling $1.6 million for arsenic, iron and manganese filtration systems. The systems will be delivered in 2025.  "Groundwater contamination is a growing global threat," said Susan Ken ...

Fortune 500 industry veteran Steve Green to drive business development aimed at growth LOS ANGELES, Sept. 27, 2024 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI / CDZIP) ("Cadiz" or the "Company"), a California water solutions company, today announced the Company's operating subsidiary ATEC Water Systems, LLC ("ATEC") expanded its leadership team, hiring Steve Green as its Chief Commercial Officer. Green brings decades of water industry experience including business development leadership for Fortune 500 water ...

LOS ANGELES, Sept. 24, 2024 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI / CDZIP) ("Cadiz," the "Company"), a California water solutions company, today announced that its Board of Directors has declared the following cash dividend on the Company's 8.875% Series A Cumulative Perpetual Preferred Stock (the "Series A Preferred Stock"). Holders of Series A Preferred Stock will receive a cash dividend equal to $550.00 per whole share. Holders of depositary shares, each representing a 1/1000 fractional interest in a ...

Rivera brings 25 years of senior management experience as the Company prepares to scale operations. LOS ANGELES, Sept. 19, 2024 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI) (NASDAQ: CDZIP) ("Cadiz" or the "Company"), a California water solutions company, announced today the appointment of Cathryn Rivera as Chief Operating Officer ("COO"), effective as of September 16, 2024. The Company began expanding the management team earlier this year with the appointment of CEO Susan Kennedy. As COO, Rivera is expected t ...

Chairman and CEO Susan Kennedy to Host Call on September 19 at 11:00am ET Kennedy to Present and Host 1x1 Meetings at the Noble Capital Markets Basic Industries Virtual Equity Conference on September 25 & 26 LOS ANGELES, Sept. 12, 2024 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI / CDZIP) ("Cadiz" or the "Company") a California water solutions company, announced today that its September Corporate Update Investor Call will be held on Thursday, September 19, 2024 at 11:00am ET. Susan Kennedy, Chairman and CEO of ...

Achieves important milestone following execution of fifth water supply delivery agreement in 2024 LOS ANGELES, Aug. 15, 2024 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI / CDZIP) ("Cadiz" or the "Company") announced today that it has secured water purchase agreements for 85% of capacity of the Company's "Northern Pipeline." The announcement follows execution of the fifth agreement this year for water supply from the Company's Water Conservation, Supply, and Storage Project (the "Project"), bringing the cumulat ...