Cadiz Secures Water Purchase Agreements For 85% Capacity Of "Northern Pipeline"
Portfolio Pulse from Benzinga Newsdesk
Cadiz has secured water purchase agreements for 85% of the capacity of its Northern Pipeline, totaling 21,275 acre-feet per year. These agreements are under 'take-or-pay' contracts for 40-50 years, ensuring a steady revenue stream.
August 15, 2024 | 12:46 pm
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Cadiz has secured water purchase agreements for 85% of the capacity of its Northern Pipeline, totaling 21,275 acre-feet per year. These agreements are under 'take-or-pay' contracts for 40-50 years, ensuring a steady revenue stream.
The secured agreements for 85% of the pipeline's capacity under 'take-or-pay' contracts provide a reliable and long-term revenue stream for Cadiz. This is likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100