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Cadiz Today
By the People, for the People
Cadiz Misses Q1 Earnings Expectations by $0.67 Per Share
The water resource management company reported a loss of $0.13 per share, well below analysts' consensus estimate of $0.54 per share.
Apr. 2, 2026 at 3:20pm
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Cadiz (NASDAQ:CDZI), a Southern California-based water resource management company, reported its first-quarter financial results on Tuesday. The company posted a loss of $0.13 per share, missing analysts' consensus estimate of $0.54 per share by $0.67. Cadiz also reported a negative net margin of 206.65% and a negative return on equity of 93.48% for the quarter.
Why it matters
Cadiz's disappointing earnings results highlight the challenges the company faces in developing and operating its groundwater storage and distribution projects in the Mojave Desert. The company's primary business activity centers on building infrastructure to enable sustainable groundwater banking, but its financial performance has struggled to meet market expectations.
The details
In the first quarter, Cadiz reported revenue of $5.08 million, slightly above the analyst estimate of $4.80 million. However, the company's bottom line was significantly weaker than expected, with a loss of $0.13 per share compared to the consensus estimate of a $0.54 per share profit.
- Cadiz released its Q1 2026 earnings results on Tuesday, April 2, 2026.
The players
Cadiz
A Southern California-based water resource management company focused on developing and operating groundwater storage, recovery, and conveyance projects.
The takeaway
Cadiz's disappointing financial performance underscores the challenges the company faces in executing its ambitious water infrastructure projects. Investors will be closely watching to see if the company can improve its operational efficiency and financial metrics in the coming quarters.
