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C

Cadiz CDZI · USD

Utilities · US listing · 🇺🇸 United States

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3.77

+5.31%

Close of 9 Nov 2026, in USD

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About Cadiz

From its filings with the US Securities and Exchange Commission

SEC filings

Cadiz is based in Los Angeles, California and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker CDZI. The SEC classifies its business as water supply. In the fiscal year to 31 December 2025, it reported revenue of $16.3m and a net loss of $34.2m. At that date it held total assets of $140.9m and shareholders' equity of $23.3m.

In its own words

We are a water solutions provider with a unique combination of land, water, pipeline and water filtration assets located in Southern California between major water systems serving population centers in the Southwestern United States. Our portfolio of assets includes 2.5 million acre-feet of permitted water supply, 1 million acre-feet of groundwater storage capacity, 220 miles of existing, underground pipeline, 43 miles of right-of-way entitlements for pipeline construction, and versatile, scalable and cost-effective water filtration technology that removes contaminants and constituents of concern from groundwater. Our customers are public and private water systems, government agencies and commercial businesses.

We own approximately 46,000 acres of land with high-quality, naturally recharging groundwater resources in Southern California’s Mojave Desert (“Cadiz Property”). Our land holdings with vested water rights were assembled by our founders in the early 1980s, relying on NASA satellite imagery that identified a desert aquifer system beneath a vast 2,000 square mile Southern California watershed. The aquifer system underlying the watershed is estimated to hold 30 - 50 million acre-feet of groundwater in storage, comparable in size to the capacity of the largest reservoir in the United States - Lake Mead. Since the late 1980s, we have farmed at our contiguous property at the base of the watershed (“Cadiz Ranch”) relying on groundwater for irrigation.

Quoted from its 10-K, filed 31 Mar 2026. Read the filing on SEC.gov ↗

Company facts

Sector
Utilities
Industry
Water Utilities
Listed since
3 Jan 1989
Employees
31
Head office
550 SOUTH HOPE STREET, LOS ANGELES, CA, 90071
Incorporated in
DE
Classification
Water Supply
Filer status
Non-accelerated filer<br>Smaller reporting company

Leadership

Pay as last reported

  • Ms. Susan KennedyExecutive Chairman of the Board, Chief Executive Officer, since 2021$2.3m
  • Mr. Stanley SpeerChief Financial Officer, Secretary$481,531
  • Ms. Cathryn RiveraChief Operating Officer$232,074
  • Mr. Winston HickoxLead Independent Director$100,000
  • Mr. Dave O'HaraDirector
  • Mr. Stephen CourterIndependent Director$100,000
  • Ms. Maria DreyfusIndependent Director$100,000
  • Ms. Maria EchavesteIndependent Director$100,000
  • Ms. Barbara LloydIndependent Director$100,000
  • Mr. Kenneth LombardIndependent Director$100,000
  • Sen. (Retd.) Richard PolancoIndependent Director$100,000
  • Ms. Courtney DegenerVice President - Investor Relations

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
16
Environment
8
Social
26
Governance
15
Carbon reduction policy
No
Human rights policy
No

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • • Strong financial position with healthy cash flow. • Diverse portfolio of water, land, and agricultural assets. • Established brand and reputation in water resource development. • Strategic location in water-constrained regions.

Weaknesses

  • • Dependence on regulatory approvals for water projects. • Relatively small size and limited resources compared to competitors. • Vulnerability to changing environmental regulations and policies. • Limited geographical presence outside of California.

Opportunities

  • • Growing demand for water resources due to population growth and climate change. • Expansion into new markets and partnerships for water infrastructure development. • Innovation in water conservation and management technologies. • Potential for monetizing water rights and leasing agreements.

Threats

  • • Legal and regulatory uncertainties related to water rights and usage. • Risk of drought and limited water supplies impacting operations. • Intense competition from larger players in the water industry. • Economic downturns affecting demand for water-related services.

Sources and methodology

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Chart on the Overview
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