Core Insights - Pure Cycle Corporation will release its financial results for the three months ended November 30, 2025, on January 7, 2026, and will hold an earnings presentation on January 8, 2026 [1][2] Company Overview - Pure Cycle operates as an innovative and vertically integrated wholesale water and wastewater service provider, with three distinct business segments that complement each other [3] - The company launched its land development segment in 2017, focusing on developing master planned communities on owned land while providing water and wastewater services [3] - In 2021, Pure Cycle introduced a rental business for single-family homes at Sky Ranch, which generates long-term recurring revenues and supports its land development operations [3]

12月29日，随着一声清脆的锣响，山东省首单机构间REITs项目"青岛水务集团有限公司持有型不动产ABS项目"在上海证券交易所成功挂牌。 本次挂牌的机构间REITs项目由青岛水务集团发起，中信证券股份有限公司担任计划管理人，以青岛水务集团所属青岛市李村河污水处理厂提标改造及四 期扩建项目和总氮提标改造项目作为底层资产，发行规模达到4.77亿元。 项目发行过程中，水务集团在青岛市委金融办、市发改委、市财政局、市水务局、市国资委、青岛证监局的大力支持和指导下，通过标准化、证券化方 式，将具有持续稳定收益的污水处理基础设施转化为可公开交易、流动性强的金融产品，实现从"重持有"向"重运营"转型。募集资金投入新的基建项目， 有助于改善资产周转效率与净资产收益率，增强资金运作能力和市场竞争力。 本次机构间REITs项目的成功挂牌，是做好"金融五篇大文章"、提升金融服务实体经济质效的典型实践案例，开辟了国有企业市场化盘活存量资产新路 径，打造了企业拓展权益融资、降低资产负债率新模式，形成了资本市场服务青岛民生事业的新通道，提供了可复制、可推广的样本示范。 下一步，青岛水务集团将高效运营管理底层资产，确保项目持续稳健运营，以 ...

Core Viewpoint - California Water Service (Cal Water) has received authorization for interim rate adjustments of 3% across most service areas, effective January 1, 2026, as the California Public Utilities Commission (CPUC) reviews its 2024 General Rate Case (GRC) and Infrastructure Improvement Plan [1][2][3]. Group 1: Rate Adjustments - The CPUC's approval allows Cal Water to temporarily increase rates by 3% in most districts to support ongoing infrastructure investments necessary for providing safe and reliable water [1][4]. - The interim rates are a response to delays in the final decision of the rate case, which were not caused by Cal Water, and aim to mitigate the financial impact on customers [3][4]. Group 2: Company Background - California Water Service Group is the parent company of several regulated utilities, including California Water Service, and serves over 2.1 million people across multiple states [5]. - The company's common stock is traded on the New York Stock Exchange under the symbol "CWT" [5].

Core Viewpoint - American Water Works (AWK) is recognized as a long-term winner in the water utility sector, with a positive long-term outlook despite facing challenges that may overshadow its investment thesis [1]. Group 1: Company Overview - American Water Works is identified as the only pure-play water utility in the United States, which positions it uniquely in the market [1]. - The company has a strong historical performance, indicating its potential for continued success in the future [1]. Group 2: Investment Insights - The investment thesis for American Water Works is currently under pressure due to significant challenges, although the long-term outlook remains optimistic [1]. - The Value Investor group provides insights into major corporate events, including earnings reports and mergers, which can present actionable investment opportunities [1].

Core Viewpoint - York Water is recognized for its long-standing commitment to shareholder dividends, having made 620 consecutive payments over more than two centuries, making it a reliable choice for dividend investors [1][2]. Company Overview: York Water - York Water is the oldest investor-owned water utility in the United States, providing water and wastewater treatment services primarily in southern and central Pennsylvania [4]. - The company generates approximately 64% of its operating revenue from residential customers and 29% from commercial and industrial customers in 2024 [4]. - As a regulated utility, York Water files rate increase requests with the Pennsylvania Public Utility Commission, ensuring steady cash flows to support its dividend payments [6]. Key Financial Metrics: York Water - Current Price: $32.44 [5] - Market Cap: $468 million [5] - Gross Margin: 55.27% [6] - Dividend Yield: 2.70% [6] Company Overview: American States Water - American States Water operates primarily in California and relies on regulated businesses for the majority of its earnings, with its regulated water business contributing 79.2% to its consolidated earnings per share (EPS) of $3.17 in 2024 [8][9]. - The company has a history of 71 consecutive years of raising its dividend, placing it among the elite Dividend Kings [10][12]. Key Financial Metrics: American States Water - Current Price: $73.04 [7] - Market Cap: $2.8 billion [7] - Gross Margin: 51.96% [8] - Dividend Yield: 2.65% [8] Comparative Performance - Over the past 20 years, American States Water has delivered a better total return compared to York Water, highlighting its strong commitment to increasing dividends [11].

Core Viewpoint - Cadiz, Inc. has declared a cash dividend on its 8.875% Series A Cumulative Perpetual Preferred Stock, reflecting the company's commitment to returning value to its shareholders [1][2]. Dividend Announcement - Holders of Series A Preferred Stock will receive a cash dividend of $550.00 per whole share, while holders of depositary shares will receive $0.55 per depositary share [2]. - The dividend payment is scheduled for January 15, 2026, to shareholders on record as of January 5, 2026 [2]. Company Overview - Cadiz, Inc. is a California-based water solutions company founded in 1983, focused on providing access to clean, reliable, and affordable water [3]. - The company manages 45,000 acres of land in California and has a water supply capacity of 2.5 million acre-feet, along with 220 miles of pipeline assets [3]. - Cadiz employs cost-effective water treatment filtration technology to address the impacts of climate change on clean water access [3].

Core Insights - California Water Service (Cal Water) has awarded over $186,000 to nine fire departments through its seventh annual Firefighter Grant Program to enhance their rescue and emergency services [1][2] Group 1: Grant Program Details - The grants will fund critical resources and equipment for fire departments, including laryngoscopes, ventilation fans, and gas detection equipment, aimed at improving fire protection and firefighter wellbeing [2] - The funding is part of Cal Water's philanthropic giving program and will not impact customer rates [3] Group 2: Recipients and Their Needs - Bakersfield Fire Department will receive funding for specialized equipment to enhance Urban Search and Rescue capabilities [5] - Chico Fire Department will acquire new gas detection equipment to improve firefighter safety [5] - City of Lomita will use the funds for local fire station improvements [5] - Los Angeles County Fire Department will support its K9 search and rescue dog program [5] - Salinas Fire Department will purchase video laryngoscopes for pre-hospital emergency care [5] - San Mateo Consolidated Fire Department will receive three 3,000-gallon SnapTanks for rapid deployment [5] - South San Francisco Fire Department will acquire a LION Smart Dummy Thermal Manikin for training exercises [5] - Stockton Fire Department will enhance safety with wildland personal protective equipment and training [5] - Visalia Fire Department will replace aging ventilation units with new battery-powered fans [5] Group 3: Company Overview - California Water Service provides reliable water utility services to over 2 million people through 499,600 service connections, focusing on enhancing community quality of life [4] - The company is recognized for its commitment to sustainability, community well-being, and has received accolades such as "America's Most Responsible Companies" [4]

Core Viewpoint - H2O America has appointed Nicholas Whitley as vice president of business development to lead strategic growth initiatives in the water and wastewater sector [1][2]. Group 1: Appointment and Role - Nicholas Whitley will oversee business development initiatives aimed at expanding H2O America's water and wastewater footprint [1]. - His role includes identifying, evaluating, and executing strategic growth opportunities to support long-term sustainable growth [1]. Group 2: Experience and Background - Whitley brings over 20 years of experience in corporate development, mergers and acquisitions, and infrastructure investing across various sectors [2]. - He previously served as managing director of business development at NW Natural Holdings, where he led over 30 acquisitions, transforming the company into a diversified infrastructure holding [2][3]. - His past roles include senior positions at GE Oil & Gas and investment banking at Nomura International and Houlihan Lokey, focusing on complex transactions [3]. Group 3: Company Overview - H2O America is a national investor-owned network of local water and wastewater utilities, serving over 1.6 million people through its regional utilities [5][7]. - The company emphasizes the importance of delivering clean, high-quality water and invests in critical infrastructure to ensure sustainable water supply [6].

Company Overview - Consolidated Water Co. is involved in the development and operation of seawater desalination plants and water distribution systems in areas with limited potable water supplies [12] - The company focuses on expanding operations in regions with a high proportion of tourist properties and growing populations [12] Zacks Rank and Style Scores - CWCO is currently rated as 3 (Hold) on the Zacks Rank, with a VGM Score of B [13] - The company has a Momentum Style Score of A, indicating strong recent performance, with shares up 5.5% over the past four weeks [13] - For fiscal 2025, three analysts have revised their earnings estimates upwards in the last 60 days, increasing the Zacks Consensus Estimate by $0.11 to $1.24 per share [13] - CWCO has an average earnings surprise of +47.5%, suggesting strong performance relative to expectations [13] Investment Consideration - With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, CWCO is recommended for investors' short lists [14]

Core Insights - The American Water Charitable Foundation awarded over $75,000 in State Strategic Impact grants to 27 organizations in Central Kentucky in 2025, aimed at supporting community initiatives [1] Group 1: Grant Details - The State Strategic Impact grants are part of the 2025 Keep Communities Flowing Grant Program, focusing on three pillars: Water, People, and Communities [3] - The grants support high-impact projects and initiatives throughout American Water's national footprint [3] Group 2: Community Impact - Leila Salisbury, founder of The Kentucky Center for Grieving Children and Families, highlighted the importance of the grants in providing therapeutic experiences for youth facing significant loss [2] - Rob Burton, president of Kentucky American Water, emphasized the company's commitment to community support and resource accessibility [3] Group 3: Beneficiary Organizations - A total of 27 organizations received funding, including Arbor Youth Services, Bluegrass Greensource, Inc., and the Kentucky Center for Grieving Children and Families [5] Group 4: Company Background - American Water is the largest regulated water and wastewater utility in the U.S., serving over 14 million people across 14 states and 18 military installations [6] - Kentucky American Water, a subsidiary of American Water, provides services to approximately 527,000 people [7]