ISELIN, N.J., May 23, 2025 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX), a provider of life-sustaining water and wastewater utility services, announced that its Board of Directors has named Nadine Leslie as Chair of the Board. Leslie, who currently serves as President and Chief Executive Officer, succeeds Dennis W. Doll, who retired from the Board following a 20-year tenure with the company. The Board also named Amy Mansue to serve as its Lead Independent Director, a role established to further ...

American Water Works’ (AWK) subsidiary, California American Water, has completed its acquisition of the Mesa Del Sol water system in the Corral de Tierra area of Salinas. The acquisition adds 15 new water connections to the company’s current customer base, which already includes approximately 40,000 connections on the Monterey Peninsula and other parts of Monterey County.The system was acquired after an effort to physically connect the Mesa del Sol system to the Toro Park system of California American Water ...

Company Overview - Cadiz, Inc. is a California water solutions company founded in 1983, focused on providing access to clean, reliable, and affordable water through a combination of water supply, storage, pipeline, and treatment solutions [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 utilizes the most cost-effective water treatment filtration technology in the industry to address the impacts of climate change on clean water access [3] Recent Events - Cadiz, Inc. will participate in the B. Riley Securities 25th Annual Investor Conference on May 21-22, 2025, at the Ritz-Carlton, Marina Del Rey, California [1] - Management will engage in one-on-one meetings with investors throughout the day on May 21 [1] - An updated investor presentation will be available on the company's investor website following the conference [2]

Andrew Walters Image of Andrew F. Walters SAN JOSE, Calif., May 20, 2025 (GLOBE NEWSWIRE) -- H2O America (NASDAQ:HTO) announces the appointment of Andrew F. Walters, Chief Financial Officer of H2O America, to its Board of Directors, effective July 1, 2025. Walters will serve as a director, bringing a wealth of expertise, strategic leadership, and focus on an employee-first culture to the role. Following Walters’ appointment, the board will consist of ten directors. "I am honored to join the board of H2O ...

Core Points - California Water Service (Cal Water) has organized field trips for over 400 students across California to educate them about the importance of water conservation and its role in the ecosystem [1][2] - The initiative, Aqua Adventures, is part of Cal Water's conservation education program "Tap Into Learning," which has been running for 11 years and offers various educational opportunities for students [2][4] - Cal Water also provides $250 Water Smart Grants for teachers to propose water-related classroom projects, promoting further engagement in water conservation education [4] Company Overview - California Water Service provides reliable water utility services to more than 2.1 million people through 499,400 service connections [5] - The company focuses on enhancing the quality of life for customers and communities by investing in water and wastewater infrastructure and sustainability initiatives [5] - Cal Water has received recognition as one of "America's Most Responsible Companies" and "World's Most Trustworthy Companies" by Newsweek, highlighting its commitment to integrity and community well-being [5]

Global Water Resources (GWRS) Q1 2025 Earnings Call May 15, 2025 01:00 PM ET Company Participants Kyle Upchurch - ControllerRon Fleming - Chairman, CEO & PresidentMike Liebman - SVP & CFOChristopher Krygier - Chief Operating Officer Operator I would like to remind everyone that this call is being recorded on 05/15/2025 at 1PM Eastern Time. I would now like to turn the conference over to Kyle Upchurch, Controller. Please go ahead. Kyle Upchurch Thank you, operator, and welcome, everyone. Thanks for joining u ...

Global Water Resources (GWRS) Q1 2025 Earnings Call May 15, 2025 01:00 PM ET Speaker0 I would like to remind everyone that this call is being recorded on 05/15/2025 at 1PM Eastern Time. I would now like to turn the conference over to Kyle Upchurch, Controller. Please go ahead. Speaker1 Thank you, operator, and welcome, everyone. Thanks for joining us on today's call. Yesterday, we issued our twenty twenty five first quarter financial results by press release, a copy of which is available on our website at w ...

据悉，此次交易是将包头钢铁(集团)有限责任公司结余的347.95万立方米水权指标精准配置给11家 用水企业，纾解了企业用水难题，为新建、扩建或产能提升企业提供了合法用水渠道。通过市场化激 励，推动企业从"被动节水"转向"主动节水"。同时，进一步优化了资源配置，提升了水资源利用效率， 推动实现水资源高效利用与节水增产的双赢局面。 记者从自治区水利厅获悉，2025年，包头市积极探索水资源市场化配置新路径，创新推行用水权短 期交易机制，鼓励取用水户通过优化产业结构、升级节水技术等方式节约水资源，并将节余水指标通过 市场化方式有偿转让。目前，成功推动首批短期水权交易落户九原区，并签订11笔短期水权交易协议 书。 ...

Core Viewpoint - Global Water Resources, Inc. reported a 7.3% increase in total revenue for Q1 2025, driven by organic growth in active water and wastewater connections and increased consumption, despite a 14.5% decrease in net income [7][21]. Financial Highlights - Total revenue for Q1 2025 reached $12.5 million, up from $11.6 million in Q1 2024 [7][15]. - Net income decreased to $0.6 million or $0.02 per share, down from $0.7 million or $0.03 per share in the same period last year [21]. - Adjusted EBITDA increased by 4.4% to $5.6 million compared to $5.4 million in Q1 2024 [22]. - Cash and cash equivalents rose significantly to $31.5 million from $9.0 million at the end of 2024 [7]. - The company raised net proceeds of $30.8 million from a public offering of common stock [10]. Operational Highlights - Active service connections increased by 4.3% to 65,163 as of March 31, 2025 [25]. - Water consumption surged by 24.2% to 0.84 billion gallons [7]. - The company invested $15.2 million in infrastructure projects to support existing utilities and growth [7]. Rate Case Applications - In March 2025, the company filed general rate case applications for GW-Santa Cruz and GW-Palo Verde utilities, seeking a net revenue increase of approximately $6.5 million [6][8]. - The Arizona Corporation Commission approved a rate case for GW-Farmers, expected to generate an additional $1.1 million in annual revenue [7][8]. Business Strategy - The company aims to enhance service connections, improve operational efficiencies, and increase utility rates as approved by the Arizona Corporation Commission [24]. - Plans include acquiring seven water systems from the City of Tucson, which would add approximately 2,200 water service connections [11]. Market Outlook - Arizona's economic outlook remains strong, with projections of adding 478,000 jobs by 2032, supporting continued growth in active service connections [13]. - The Phoenix metropolitan area is expected to grow significantly, with a population forecast of 5.8 million by 2030 [26]. Dividend Policy - The company declared a monthly cash dividend of $0.02533 per common share, equating to an annualized rate of $0.30396 [23]. Management Commentary - The CEO expressed confidence in maintaining solid revenue growth through appropriate rate increases and organic growth, supporting potential net income growth [5]. - The CFO highlighted the strengthening of capital resources to fund growth opportunities [10].

Core Insights - Consolidated Water Co. Ltd. (CWCO) reported first-quarter 2025 earnings per share (EPS) of 31 cents, exceeding the Zacks Consensus Estimate of 22 cents by 40.9%, although this represents a 27.9% decrease from the previous year's EPS of 43 cents [1] - The market reacted positively to the earnings report, with CWCO shares increasing by 5.43% following the announcement [1] Revenue Performance - Total revenues for the first quarter of 2025 were $33.7 million, surpassing the Zacks Consensus Estimate of $32 million by 4.2%, but down 15% year-over-year due to a decline in services revenues following the completion of two large construction projects [2] - Retail revenues increased by 9% to $9.4 million, driven by higher sales volumes [2] - Bulk revenues rose by 1% to $8.4 million, while manufacturing revenues increased by 10% to $5.8 million [3] - Services revenues saw a significant decline of 42% to $10.1 million, attributed to decreases in construction revenues by $7 million and design and consulting revenues by $980,000 [3] Profitability Metrics - Gross profit for the first quarter of 2025 was $12.3 million, down from $13.9 million in the same quarter of 2024, primarily due to a $2.7 million decrease in the service segment's gross profit [4] - Retail water sales in Grand Cayman increased by 13%, supported by population growth and increased business activity in the service area [4] Financial Position - As of March 31, 2025, cash and cash equivalents totaled $107.9 million, up from $99.4 million at the end of 2024, with working capital at $136.2 million [6] - Total long-term debt was minimal at $0.06 million, down from $0.07 million at the end of 2024 [6] - Cash flow from operating activities for the first quarter of 2025 was $11.8 million, compared to $5.9 million in the prior year [6] Strategic Developments - CWCO received a new concession from the Cayman Islands government, granting exclusive rights to produce and supply potable water in its service area [5] - On May 13, 2025, CWCO's subsidiary, Kalaeloa Desalco LLC, received approval for a $204 million multi-year project, which is expected to align with current water supply needs without negatively impacting existing infrastructure [8]