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CWCO secured $10.1 million in Florida orders and a $39.8 million California water purification contract.
Consolidated Water Co. Ltd. (CWCO - Free Report) reported third-quarter 2026 earnings of 15 cents per share, missing the Zacks Consensus Estimate of 24 cents by 37.5%. Earnings declined 55.9% from 34 cents in the year-ago quarter.
Total Revenues of CWCO
Revenues of $30.92 million missed the Zacks Consensus Estimate of $33 million by 6.30%. The top line also decreased 11.9% year over year from $35.12 million. Weakness in services and manufacturing weighed on results.
Consolidated Water Co. Ltd. Price, Consensus and EPS Surprise
Retail revenues increased 5.7% year over year to $8.21 million. Growth primarily reflected higher energy pass-through charges and increased rates for a major commercial customer in Grand Cayman, partially offset by lower retail water rates effective Aug. 1, 2026. Water sales volume increased approximately 1%.
Bulk revenues rose 20.8% to $10.14 million, driven primarily by higher energy pass-through charges in the Bahamas and contributions from two new desalination plants on Cat Island. The first plant commenced operations in January 2026, followed by the second in June.
Services revenues declined 31.7% to $9.76 million. Construction revenues fell 45.2% to $3.48 million from $6.36 million in the year-ago quarter, reflecting fewer projects and lower overall contract values.
Manufacturing revenues plunged 39.7% to $2.81 million from $4.66 million, reflecting a decline in the total dollar amount of contracts completed and still underway.
CWCO's Operational Performance and Growth Prospects
Gross profit declined 24.2% year over year to $9.82 million from $12.95 million. Higher diesel costs and incremental maintenance expenses pressured bulk margins, while the new retail rate structure reduced retail gross profit.
General and administrative expenses increased 5.7% to $7.63 million.
Operating income declined 63.8% to $2.09 million from $5.76 million in the year-ago quarter.
Cayman Water's new 25-year exclusive retail water license became effective Aug. 1, 2026. The agreement preserves the company's exclusive water supply rights in its licensed Grand Cayman service area while retaining an annual inflation-linked rate adjustment mechanism, subject to regulatory approval.
The company secured approximately $10.1 million in municipal purchase orders in Florida for nanofiltration membrane treatment equipment and horizontal cartridge filters, with delivery scheduled for November 2027. It also submitted bids for approximately $10 million in manufacturing projects expected to be awarded in the fourth quarter of 2026.
Management is tracking approximately $45 million in additional Florida municipal water projects expected to enter bidding within six months. Despite these opportunities, the company expects full-year 2026 manufacturing revenues to remain below 2025 levels.
Following the quarter's end, Consolidated Water announced a $39.8 million design-build agreement for the Central Coast Blue Advanced Water Purification Facility in Pismo Beach, CA. Construction is expected to begin in spring 2027, with the overall project spanning approximately 24 months.
Consolidated Water's Balance Sheet and Cash Flow
As of Sept. 30, 2026, cash and cash equivalents totaled $129.15 million compared with $123.79 million as of Dec. 31, 2025. Working capital stood at $145.06 million, while the company had no outstanding debt.
Net cash provided by operating activities totaled $19.11 million in the first nine months of 2026 compared with $35.93 million in the year-ago period.
Capital expenditures on property, plant and equipment and construction in progress totaled $6.13 million during the first nine months of 2026 compared with $6.14 million a year earlier.
Evergy, Inc. (EVRG - Free Report) reported third-quarter 2026 adjusted earnings of $2.58 per share, which topped the Zacks Consensus Estimate of $2.30 by 12.2%. Earnings increased 27.1% from $2.03 in the year-ago quarter.
The Zacks Consensus Estimate for 2026 and 2027 earnings per share (EPS) is pinned at $4.32 and $4.56, indicating year-over-year growth of 12.79% and 5.59%, respectively.
IDACORP, Inc. (IDA - Free Report) reported third-quarter 2026 earnings of $2.73 per share, which surpassed the Zacks Consensus Estimate of $2.51 by 8.8%. The bottom line also increased 20.8% from $2.26 in the year-ago quarter.
The Zacks Consensus Estimate for 2026 and 2027 EPS is pinned at $6.39 and $6.92, indicating year-over-year growth of 8.31% and 8.33%, respectively.
PPL Corporation (PPL - Free Report) reported third-quarter 2026 earnings from ongoing operations of 54 cents per share, which beat the Zacks Consensus Estimate of 53 cents by 1.9%. Earnings increased 12.5% from 48 cents in the year-ago quarter, driven by higher rate recovery, transmission revenues and electricity sales volumes.
The Zacks Consensus Estimate for 2026 and 2027 EPS is pinned at $1.94 and $2.12, indicating year-over-year growth of 7.18% and 8.88%, respectively.
View the Zacks #1 Rank List
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CWCO Q3 Earnings Miss Estimates on Services & Manufacturing Weakness
Key Takeaways
Consolidated Water Co. Ltd. (CWCO - Free Report) reported third-quarter 2026 earnings of 15 cents per share, missing the Zacks Consensus Estimate of 24 cents by 37.5%. Earnings declined 55.9% from 34 cents in the year-ago quarter.
Total Revenues of CWCO
Revenues of $30.92 million missed the Zacks Consensus Estimate of $33 million by 6.30%. The top line also decreased 11.9% year over year from $35.12 million. Weakness in services and manufacturing weighed on results.
Consolidated Water Co. Ltd. Price, Consensus and EPS Surprise
Consolidated Water Co. Ltd. price-consensus-eps-surprise-chart | Consolidated Water Co. Ltd. Quote
CWCO's Segment Revenue Performance
Retail revenues increased 5.7% year over year to $8.21 million. Growth primarily reflected higher energy pass-through charges and increased rates for a major commercial customer in Grand Cayman, partially offset by lower retail water rates effective Aug. 1, 2026. Water sales volume increased approximately 1%.
Bulk revenues rose 20.8% to $10.14 million, driven primarily by higher energy pass-through charges in the Bahamas and contributions from two new desalination plants on Cat Island. The first plant commenced operations in January 2026, followed by the second in June.
Services revenues declined 31.7% to $9.76 million. Construction revenues fell 45.2% to $3.48 million from $6.36 million in the year-ago quarter, reflecting fewer projects and lower overall contract values.
Manufacturing revenues plunged 39.7% to $2.81 million from $4.66 million, reflecting a decline in the total dollar amount of contracts completed and still underway.
CWCO's Operational Performance and Growth Prospects
Gross profit declined 24.2% year over year to $9.82 million from $12.95 million. Higher diesel costs and incremental maintenance expenses pressured bulk margins, while the new retail rate structure reduced retail gross profit.
General and administrative expenses increased 5.7% to $7.63 million.
Operating income declined 63.8% to $2.09 million from $5.76 million in the year-ago quarter.
Cayman Water's new 25-year exclusive retail water license became effective Aug. 1, 2026. The agreement preserves the company's exclusive water supply rights in its licensed Grand Cayman service area while retaining an annual inflation-linked rate adjustment mechanism, subject to regulatory approval.
The company secured approximately $10.1 million in municipal purchase orders in Florida for nanofiltration membrane treatment equipment and horizontal cartridge filters, with delivery scheduled for November 2027. It also submitted bids for approximately $10 million in manufacturing projects expected to be awarded in the fourth quarter of 2026.
Management is tracking approximately $45 million in additional Florida municipal water projects expected to enter bidding within six months. Despite these opportunities, the company expects full-year 2026 manufacturing revenues to remain below 2025 levels.
Following the quarter's end, Consolidated Water announced a $39.8 million design-build agreement for the Central Coast Blue Advanced Water Purification Facility in Pismo Beach, CA. Construction is expected to begin in spring 2027, with the overall project spanning approximately 24 months.
Consolidated Water's Balance Sheet and Cash Flow
As of Sept. 30, 2026, cash and cash equivalents totaled $129.15 million compared with $123.79 million as of Dec. 31, 2025. Working capital stood at $145.06 million, while the company had no outstanding debt.
Net cash provided by operating activities totaled $19.11 million in the first nine months of 2026 compared with $35.93 million in the year-ago period.
Capital expenditures on property, plant and equipment and construction in progress totaled $6.13 million during the first nine months of 2026 compared with $6.14 million a year earlier.
CWCO’s Zacks Rank
Consolidated Water currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Releases
Evergy, Inc. (EVRG - Free Report) reported third-quarter 2026 adjusted earnings of $2.58 per share, which topped the Zacks Consensus Estimate of $2.30 by 12.2%. Earnings increased 27.1% from $2.03 in the year-ago quarter.
The Zacks Consensus Estimate for 2026 and 2027 earnings per share (EPS) is pinned at $4.32 and $4.56, indicating year-over-year growth of 12.79% and 5.59%, respectively.
IDACORP, Inc. (IDA - Free Report) reported third-quarter 2026 earnings of $2.73 per share, which surpassed the Zacks Consensus Estimate of $2.51 by 8.8%. The bottom line also increased 20.8% from $2.26 in the year-ago quarter.
The Zacks Consensus Estimate for 2026 and 2027 EPS is pinned at $6.39 and $6.92, indicating year-over-year growth of 8.31% and 8.33%, respectively.
PPL Corporation (PPL - Free Report) reported third-quarter 2026 earnings from ongoing operations of 54 cents per share, which beat the Zacks Consensus Estimate of 53 cents by 1.9%. Earnings increased 12.5% from 48 cents in the year-ago quarter, driven by higher rate recovery, transmission revenues and electricity sales volumes.
The Zacks Consensus Estimate for 2026 and 2027 EPS is pinned at $1.94 and $2.12, indicating year-over-year growth of 7.18% and 8.88%, respectively.