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California Water Service Group Schedules 2025 Second-Quarter Earnings Results Announcement and Conference Call
Globenewswire· 2025-07-10 20:15
Core Points - California Water Service Group will release its 2025 second-quarter earnings results on July 31, 2025, at 9:00 a.m. ET, followed by a conference call at 11:00 a.m. ET [1] - The conference call will be hosted by key executives including Chairman and CEO Martin A. Kropelnicki, CFO James P. Lynch, and Chief Business Development Officer Shilen M. Patel [2] - A slide presentation will be available on the company's website prior to the call [2] Company Overview - California Water Service Group is the parent company of several regulated utilities, including California Water Service, Hawaii Water Service, New Mexico Water Service, Washington Water Service, and Texas Water Service [3] - The company provides regulated and non-regulated water and wastewater services to over 2 million people across California, Hawaii, New Mexico, Texas, and Washington [3] - The common stock of California Water Service Group trades on the New York Stock Exchange under the symbol "CWT" [3]
Pure Cycle(PCYO) - 2025 Q3 - Earnings Call Transcript
2025-07-10 13:32
Pure Cycle (PCYO) Q3 2025 Earnings Call July 10, 2025 08:30 AM ET Speaker0Good morning, everybody, and welcome to Pure Cycle Corporation's Third Quarter Earnings Call. We'll start with a presentation from our CEO, Mark Barding, before moving into the Q and A session. We'll ask that everybody mute. So sorry about that. We we went ahead and mute muted everybody, and when we get to the Q and A session, we'll make sure the mics are open.But we ask that you stay muted until you're called on. And with that, I'll ...
Pure Cycle(PCYO) - 2025 Q3 - Earnings Call Transcript
2025-07-10 13:30
Pure Cycle (PCYO) Q3 2025 Earnings Call July 10, 2025 08:30 AM ET Company ParticipantsMark Harding - President, CEO & DirectorElliot Knight - OwnerOperatorGood morning, everybody, and welcome to Pure Cycle Corporation's Third Quarter Earnings Call. We'll start with a presentation from our CEO, Mark Barding, before moving into the Q and A session. We'll ask that everybody mute. So sorry about that. We we went ahead and mute muted everybody, and when we get to the Q and A session, we'll make sure the mics are ...
Consolidated Water Benefits From New Technology and Growing Business
ZACKS· 2025-07-10 13:15
Key Takeaways CWCO uses Reverse Osmosis at all plants, supporting global desalination and potable water expansion. CWCO operates 10 plants with 26.2M GPD capacity and seeks growth via alliances, JVs and acquisitions. CWCO faces liquidity risks from delayed receivables in the Bahamas and fluctuating water service demand.Consolidated Water Co. Ltd. (CWCO) continues to benefit from the use of the most advanced technology to convert seawater to potable water to meet customer needs. The expansion of operations ...
S&P Global Retains A+/Stable Rating for California Water Service
Globenewswire· 2025-07-10 13:15
SAN JOSE, Calif., July 10, 2025 (GLOBE NEWSWIRE) -- California Water Service Group (“Group” or “Company,” NYSE: CWT) today announced that S&P Global has retained an A+/Stable credit rating for California Water Service (Cal Water), Group’s largest subsidiary, indicating a business risk rating of “excellent” and a financial risk rating of “intermediate.” “We are pleased to receive this continued outstanding rating from S&P Global and are committed to providing consistent, predictable results,” said Chairman & ...
Pure Cycle(PCYO) - 2025 Q3 - Earnings Call Presentation
2025-07-10 12:34
Financial Performance - In Q3 2025, Pure Cycle delivered revenue of $5.14 million, gross profit of $3.26 million with a 63% gross margin, and net income of $2.26 million, translating to $0.09 EPS[23] - Year-to-date 2025, Pure Cycle delivered revenue of $14.89 million, gross profit of $8.45 million with a 57% gross margin, and net income of $7.00 million, translating to $0.29 EPS[23] - Year-to-date net income totaled $7 million, representing 56% of the full-year target, and EPS reached $0.29, also 56% of the 2025 EPS guidance[32] - The company has acquired over $130 million in water and land interests[7] Water Utilities - The water rights portfolio can provide water to as many as 60,000 connections[63] - The current water system can produce over 3.4 million gallons of water per day, with a book value of $56 million[65] - The company estimates its water portfolio can generate approximately $2.3 billion in revenues based on current rates, serving approximately 60,000 connections[68] Land Development - Total lot sales from completed phases reached $80 million with a 77% gross margin[79] - Sky Ranch land acquisition cost was $3.7 million, with over $600 million in potential development revenue expected[93] Single-Family Rentals - The company has 14 completed homes with $131,000 in quarterly rent revenue and a 69% gross margin[46, 49] - The fair market value of completed homes is $7.4 million[106]
Global Water Resources Acquires Seven Water Systems from Tucson Water, Adding 2,200 Customer Connections
Globenewswire· 2025-07-09 12:31
PHOENIX, July 09, 2025 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ: GWRS), a pure-play water resource management company, has completed the previously announced acquisition of seven water systems from Tucson Water, the City of Tucson’s water utility. The assets were acquired at a value equivalent to approximately 1.05 times the current rate base of approximately $7.7 million and are expected to generate approximately $1.5 million in revenue annually. The acquired water systems are located in a ...
H2O America Significantly Expands Texas Footprint with Texas Subsidiary’s Acquisition of Quadvest
Globenewswire· 2025-07-08 11:00
More Than Doubles H2O America's Connections in Texas and Increases Exposure to High Growth Houston Region Drives Scale, Increases Financial and Operational Diversification, and Enhances Value and Reliability for Customers, Communities, and All Stakeholders Transaction Expected to be Accretive to Long-Term EPS Growth Rate; Texas Projected to Become Second Largest Utility Operation of H2O America by 2028 Company to Host Investor Webcast Today at 5:30 a.m. PT / 7:30 a.m. CT / 8:30 a.m. ET; Files Investor Prese ...
American Water's Subsidiary to Acquire Water and Wastewater Assets
ZACKS· 2025-07-02 16:05
Core Insights - American Water Works Company's subsidiary, Pennsylvania American Water, is acquiring the Indian Creek Valley Water Authority and the Sutersville-Sewickley Municipal Sewage Authority, expanding its customer base by approximately 2,700 metered water connections and 500 wastewater consumers for a total purchase price of $36.05 million [1][9]. Group 1: Acquisitions and Investments - The acquisition of the Indian Creek Valley system is priced at $32.8 million, while the Sutersville-Sewickley wastewater system will be acquired for $3.25 million [1][9]. - Pennsylvania American Water plans to invest $8.9 million in upgrades to the Indian Creek Valley Water Authority's infrastructure and allocate $800,000 for enhancements to the Sutersville-Sewickley wastewater system [2][9]. Group 2: Industry Context - The U.S. water industry is highly fragmented, with over 50,000 community water systems and 14,000 wastewater treatment systems, many of which are struggling with aging infrastructure and operational inefficiencies [4]. - The American Society of Civil Engineers reports that water main breaks occur every two minutes, highlighting the urgent need for infrastructure investment, estimated at $1.25 trillion over the next 20 years [5]. Group 3: Strategic Growth - American Water has been active in strategic acquisitions, completing three acquisitions in three states as of April 30, 2025, with 18 pending acquisitions expected to add another 37,400 customers [6]. - Other companies in the industry, such as Essential Utilities and California Water Service Group, are also pursuing acquisitions to expand their operations and improve service quality [7][8]. Group 4: Financial Performance - Over the past decade, American Water has invested more than $4.27 billion in capital improvements and plans to continue annual investments between $525 million and $625 million, with over $586 million planned for 2025 alone [3]. - In the past six months, shares of American Water have risen 15.2%, compared to the industry's growth of 18.7% [11].
Chip Rossi Appointed to Artesian Resources Board of Directors
Globenewswire· 2025-07-01 17:30
Core Insights - Artesian Resources Corporation has appointed Salvatore J. "Chip" Rossi to its Board of Directors, enhancing its governance with his financial expertise and risk management background [1][3] - Mr. Rossi has extensive experience in the financial sector, having recently retired from Bank of America where he held various senior roles, including president of Bank of America Delaware [2][3] - The company aims to leverage Mr. Rossi's understanding of the Delaware community to support its growth in water and wastewater services [3][4] Company Overview - Artesian Resources Corporation operates as a holding company for subsidiaries that provide water and wastewater services on the Delmarva Peninsula [5] - The principal subsidiary, Artesian Water Company, is the oldest and largest regulated water utility in the region, supplying 9.5 billion gallons of water annually through 1,491 miles of water main to over a third of Delaware residents [5]