Data by Company within Water Supply Industry
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Marketcap |
Revenues (TTM) |
Net Income (TTM) |
Employees |
| Company |
(Millions) |
(Millions) |
(Millions) |
Number |
| American Water Works Company Inc |
$ 23,273 |
$ 4,048 |
$ 894 |
6,400 |
| Essential Utilities Inc |
$ 8,655 |
$ 1,994 |
$ 447 |
2,566 |
| American States Water Co |
$ 2,832 |
$ 551 |
$ 205 |
707 |
| California Water Service Group |
$ 2,634 |
$ 18 |
$ 62 |
1,105 |
| Sjw Group |
$ 1,822 |
$ 642 |
$ 88 |
395 |
| Middlesex Water Company |
$ 1,154 |
$ 168 |
$ 37 |
282 |
| York Water Co |
$ 527 |
$ 65 |
$ 21 |
106 |
| Consolidated Water Co ltd |
$ 447 |
$ 69 |
$ 2 |
119 |
| Artesian Resources Corporation |
$ 413 |
$ 99 |
$ 20 |
237 |
| Pure Cycle Corporation |
$ 231 |
$ 22 |
$ 9 |
7 |
| Cadiz Inc |
$ 212 |
$ 2 |
$ -29 |
10 |
| Global Water Resources Inc |
- |
$ 44 |
$ 5 |
- |
| Companhia De Saneamento Basico Do Estado De Sao Pa |
- |
$ 17,798 |
$ 973 |
- |
| Water Supply Industry |
$ 42,199 |
$ 25,520 |
$ 2,736 |
11,934 |
Recent News from Water Supply Industry |
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Dividend
Global Water Resources, a renowned water resource management company, recently announced the declaration of a monthly cash dividend to its shareholders. This press release outlines the facts surrounding the dividend payout and examines its potential impact on the company's shares. In this article, we delve into the details of the announcement and explore its significance for existing and potential investors.
1. Dividend Declaration:
Global Water Resources declared a monthly cash dividend, in accordance with its dividend policy, in the amount of $0.02483 per common share. At an annualized amount of $0.29796 per share, this move demonstrates the company's commitment to providing regular returns to its shareholders.
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Global Water Resources Inc
Introduction
Global Water Resources Inc (GWRS) recently experienced a decline in its shares over the past seven days, resulting in a year-to-date performance decrease of -7.3%. While the shares are still trading 21.6% above its 52-week low, it is crucial to analyze the financial results and assess their potential implications for the company's future.
Financial Results Overview
For the April to June 30, 2023 interval, GWRS reported earnings of $0.00 per share, a decrease from $0.04 per share in the previous year and $0.03 per share from the prior financial reporting period. Meanwhile, the company's revenue remained stagnant at $0.00 million, compared to $10.03 million in the corresponding financial reporting period a year before and sequentially from $11.10 million.
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Cadiz Inc
Cadiz Inc, a water supply company, recently announced impressive revenue growth of 337.297% year on year, totaling $0.81 million in the second quarter of the 2023 earnings season. Although the company experienced a loss of $-0.13, its top-line growth surpassed that of its contemporaries within the water supply sector.
In contrast to Cadiz Inc's significant increase, most companies in the water supply sector saw a more modest growth rate of 0.07% in their top-line during the same quarter in 2022. Cadiz Inc's ability to outperform its competitors demonstrates its strong market presence and effective business strategies.
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American States Water Co
Introduction
American States Water Co (ASWC) recently released its financial results for the most recent fiscal period, showcasing several noteworthy developments. While some positive aspects can be observed, a closer analysis indicates potential concerns for investors. This article will provide an extensive bearish outlook on ASWC based on its financial data and recent performance.
Diverging Revenue and Earnings Growth
Although revenue for ASWC increased by 28.378% to $157.40 million in the most recent fiscal period, it is crucial to note that this figure represents a decline of -2.492% when compared to the prior period. This decline in revenue could be indicative of a slowdown in demand, a factor that has likely contributed to the decline in the level of accounts receivable to $5.1 million. Consequently, the subsequent impact on revenue growth raises concerns about ASWC's ability to sustain its increasing income per share, which rose by 92.59% year on year to $1.04 per share.
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Sjw Group
SJW Group, a leading water utility company, has reported strong financial results for the fiscal second quarter of 2023. The company's income increased by an impressive 52.63%, with earnings per share (EPS) soaring by 56.76% compared to the previous year. This growth is indicative of the company's continued success and ability to generate profits.
One of the key factors contributing to SJW Group's financial growth is its revenue. The company experienced a 5.264% increase in revenue, reaching $156.89 million, compared to $149.04 million in the same reporting period the previous year. Additionally, the company's revenue showed a sequential growth of 14.268% from $137.30 million. These positive revenue numbers reflect the company's ability to attract new customers and increase demand for its services.
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Middlesex Water Company
Middlesex Water Company: A Bullish Outlook for Shareholders
The recently released financial results for Middlesex Water Company (MSEX) have shown impressive growth and positive developments that are expected to have a significant impact on shareholders. With revenue for the fiscal span ending June 30, 2023, rising by 7.857% to $42.80 million in comparison to $39.68 million in the prior year reporting season, it is evident that Middlesex Water Company is on an upward trajectory.
One of the most exciting aspects of these financial results is the increase in income per share, which grew by 10% to $0.55 per share, as compared to $0.50 in the previous year reporting season. This not only showcases the company's ability to generate profits but also demonstrates its commitment to delivering value to its shareholders.
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California Water Service Group
Despite the challenging financial results for the April to June 30, 2023 fiscal interval, California Water Service Group (CWT) remains a promising investment opportunity. While the company experienced a decrease in income per share and revenue compared to the previous year, it is important to consider the broader context of the water supply sector, which saw a 17.45% increase in revenue during the same period.
A closer look at CWT's financials reveals some positive developments. The income per share turned positive from the preceding reporting season, signaling a strong recovery from previous losses. Additionally, the company showcased improving profit margins, with net margin increasing to 210.64% and operating margin rising to 355.61%.
Furthermore, the significant increase in inventories and supplies to $13.9 million indicates potential growth opportunities. This inventory build-up suggests that CWT is preparing for an uptick in demand, which could positively impact its future revenues.
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American Water Works Company Inc
American Water Works Company Inc, a leading provider of water and wastewater services in the United States, has reported impressive financial results for the time-frame ending June 30, 2023. The company has witnessed substantial growth in both its revenue and bottom-line figures, indicating a strong performance during this period.
In terms of revenue, American Water Works Company Inc experienced a remarkable increase of 17.076% compared to the prior year period. The revenue rose to $1.10 billion, showcasing the company's ability to attract new customers and expand its services. This growth in revenue can be attributed to the company's commitment to providing high-quality water and wastewater solutions to its customers.
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Pure Cycle Corporation
Over the course of the last five trading days, Pure Cycle Corporation shares have experienced a modest increase of 0.18%. This brings the year-to-date performance to a commendable 7.3%. Although the shares are currently 4.2% short of the 52-week high, the company has shown impressive growth in recent months.
In the specific time frame from March to May 31, 2023, Pure Cycle Corporation has more than doubled its results compared to the corresponding quarter a year before. The net profit per share has soared by an astounding 366.67% to reach $0.14, while the revenue has experienced a remarkable increase of 126.232% to $7.21 million. Additionally, compared to the preceding quarter, the earnings per share have more than doubled by 1300% from $0.01 per share, and the revenue has doubled by 141.137% from $2.99 million.
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Cadiz Inc
The financial results for the first quarter of 2023 for Cadiz Inc painted a concerning picture. The company experienced dwindling revenues and an increased deficit due to lower demand. As a result, the company's deficit per share rose to $-0.19 per share compared to the prior reporting period where the company incurred a deficit of $-0.09 per share. This represents a worrying trend for the company, which is expected to report their next financial results on August 11, 2023.
The company saw an 8.451% decrease in revenue, going down to $0.13 million compared to the prior reporting period where they realized revenue of $0.58 million. This decrease in revenue can be attributed to lower demand for the company's products, which caused a decrease in sales. The company must identify the cause of declining demand and come up with strategies to address this challenge if they are to improve their financial position.
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