Cadiz Inc Stock Price, News & Analysis

Cadiz Inc. (NASDAQ: CDZI) has declared a quarterly cash dividend for Q2 2025 on its 8.875% Series A Cumulative Perpetual Preferred Stock. Shareholders of Series A Preferred Stock will receive $560.00 per whole share, while holders of depositary shares (NASDAQ: CDZIP) will receive $0.56 per depositary share. The dividend will be paid on July 15, 2025, to holders of record as of July 3, 2025. Cadiz is a California water solutions company with significant assets including 45,000 acres of land, 2.5 million acre-feet of water supply, 220 miles of pipeline assets, and water treatment filtration technology.

Cadiz (NASDAQ: CDZI) has signed a Memorandum of Understanding with UK-based Hoku Energy Limited to develop a major clean energy campus at Cadiz Ranch in California's Mojave Desert. The agreement grants Hoku Energy a three-year exclusive option to develop over 10,000 acres for green hydrogen production, renewable power generation, battery storage, and data centers. Combined with their previous 2024 agreement with RIC Energy for 3,000 acres of green hydrogen production, these projects are expected to position Cadiz Ranch as one of North America's largest clean energy campuses. The developments are projected to generate $7-$10 million annually in lease revenue and water supply sales. The MOU preserves Cadiz's existing operations, including agricultural activities and the Mojave Groundwater Bank development, while reserving 400 acres for additional commercial development.

Cadiz Inc. (NASDAQ: CDZI) announced its participation in the B. Riley Securities 25th Annual Investor Conference taking place at the Ritz-Carlton, Marina Del Rey on May 21-22, 2025. The company's management will conduct one-on-one meetings with investors on May 21st and plans to post an updated investor presentation on their website following the conference.

Cadiz, founded in 1983, is a California water solutions company with significant assets including 45,000 acres of land, 2.5 million acre-feet of water supply, 220 miles of pipeline infrastructure, and water treatment filtration technology. The company focuses on providing clean, reliable, and affordable water solutions to address climate change impacts on water access.

Cadiz Inc (NASDAQ: CDZI) released a Q1 2025 shareholder letter highlighting significant progress in its water infrastructure projects. The company secured 180 miles of steel pipe from the Keystone XL project, avoiding new steel tariffs. Cadiz aims to complete the Northern Pipeline by end-2026 and Southern Pipeline by end-2027. Key Q1 developments include: securing a lead project investor, raising $20 million in equity, and advancing permit applications under Trump's emergency proclamation for water projects. The company expects $15-20 million in development expense reimbursements and additional payments of $25 million for NPL assets and $51 million for water storage rights. Their ATEC division doubled production capacity and showed strong growth in water filtration technology markets. Cadiz Ranch is expanding with potential hydrogen production facilities and data center developments.

Cadiz Inc. (NASDAQ: CDZI), a California water solutions company, has announced a quarterly dividend declaration for Q1 2025 on its 8.875% Series A Cumulative Perpetual Preferred Stock. Shareholders will receive $550.00 per whole share, while holders of depositary shares (NASDAQ: CDZIP) will receive $0.55 per depositary share. The dividend payment is scheduled for April 15, 2025, with a record date of April 4, 2025.

The company, founded in 1983, specializes in water supply, storage, pipeline, and treatment solutions. Cadiz maintains 45,000 acres of land in California, manages 2.5 million acre-feet of water supply, and operates 220 miles of pipeline assets, utilizing cost-effective water treatment filtration technology to address climate change impacts on clean water access.

Cadiz Inc (NASDAQ: CDZI) announced its participation in the 37th Annual ROTH Conference from March 16-18, 2025, at the Laguna Cliffs Marriott Resort in Dana Point, CA. Chairman and CEO Susan Kennedy will join a Water Infrastructure Panel on March 17 at 3:00pm PT, moderated by ROTH Sr. Research Analyst Gerard Sweeney.

The conference will feature approximately 450 private and public companies through one-on-one meetings, analyst-led discussions, and panel sessions across various growth sectors. Cadiz, founded in 1983, is a California water solutions company with significant assets including:

• 45,000 acres of California land
• 2.5 million acre-feet of water supply
• 220 miles of pipeline assets
• Advanced water treatment filtration technology

Cadiz Inc. (NASDAQ: CDZI), a California water solutions company, has announced a $20 million registered direct offering of 5,715,000 common stock shares at $3.50 per share. The offering is expected to close with institutional investors around March 10, 2025.

The net proceeds will fund the development of the Mojave Groundwater Bank project, including equipment and materials for northern/southern pipeline construction starting in 2025. Funds will also support wellfield infrastructure, business development, capital expenditures, and general corporate purposes.

The company expects reimbursement of project-related expenses through Mojave Groundwater Storage Company, (MGSC), a new entity established for the project's construction, ownership, and operation. Roth Capital Partners, serves as the exclusive placement agent for this offering.

Cadiz Inc. (NASDAQ: CDZI) has signed a Letter of Agreement (LOA) with a lead investor for an investment of up to $175 million in the Mojave Groundwater Storage Company, (MGSC), a new entity for the Mojave Groundwater Bank project. The lead investor, a publicly traded water infrastructure-focused company, joins previously announced tribal investors, with total expected equity capital reaching $401 million.

Under the agreement, Cadiz will transfer significant assets to MGSC, including the Northern Pipeline, Southern Pipeline right of way, and 51% of water storage rights. In return, MGSC will pay Cadiz $51 million and provide up to $350 million for development and construction. Cadiz retains 49% of water storage rights and all water supply purchase contracts.

Through East Mojave Water Company, (EMWC), MGSC investors will receive priority distributions with a 7.5% annual yield. The agreement remains non-binding until definitive agreements are executed and shareholder approval is obtained.

Cadiz Inc. (NASDAQ: CDZI) has partnered with Stantec Inc. (NYSE: STN) to oversee the development and construction of the $800M Mojave Groundwater Bank project, set to be the Southwest's largest new water infrastructure project. The project will provide:

• 2.5 million acre-feet of new water supply
• 1 million acre-feet of underground storage capacity
• 350+ miles of pipeline network between Colorado River and California Aqueducts

Located at a 2,000 square mile watershed system base, the aquifer system currently holds 30-50 million acre-feet of groundwater. At the end of 2024, Cadiz announced a historic partnership with Native American Tribes to construct, own, and operate the project, marking the first large-scale water infrastructure project off tribal lands in U.S. history.