Quarterly ResultJul 8, 2026, 04:02 PM
Pure Cycle Q3 Net Income +31% to $2.9M; Revenue +60%
AI Summary
Pure Cycle Corporation announced strong financial results for the three and nine months ended May 31, 2026, reporting a 31% increase in Q3 net income to $2.9 million and a 60% rise in total revenue to $8.2 million. The growth was driven by significant increases in both land development and water segments, with water sales to oil and gas operators seeing a sharp increase. The company also provided updates on its Sky Ranch development, including advancing construction phases and managing its single-family rental business, while announcing the resignation of director Daniel R. Kozlowski.
Key Highlights
- Q3 net income increased 31% to $2.9 million; YTD net income rose 23% to $8.6 million.
- Q3 total revenue grew 60% to $8.2 million; YTD revenue increased 51% to $22.5 million.
- Q3 diluted EPS was $0.12, up 33%; YTD diluted EPS was $0.36, up 24%.
- Water and wastewater segment revenue surged 119% in Q3 and 34% YTD.
- Land development segment revenue increased 19% in Q3 and 78% YTD.
- Cash and cash equivalents totaled $8.4 million as of May 31, 2026.
- Director Daniel R. Kozlowski resigned from the Board effective July 7, 2026.
Price Impact
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