Pure Cycle Earnings Reports

Despite seasonal slowdowns, Pure Cycle posted a profitable Q2 2025 with growth in water tap sales and continued revenue from oil and gas royalties. Residential demand at Sky Ranch remained strong, supporting ongoing development.

Pure Cycle Corporation reported a strong first quarter for fiscal year 2025, with a 91% increase in net income and a 78% increase in earnings per share compared to the same period in 2023, driven by increases in royalty and land development revenues.

Pure Cycle Corporation reported a strong Q4 2024, with revenue reaching $12.6 million and net income at $6.6 million. The company's earnings per share also saw a substantial increase. These results reflect the continued success of the Sky Ranch Master Planned community and increased water sales.

Pure Cycle Corporation announced its financial results for Q3 2024, highlighting a 52% increase in lot sales revenue compared to the same period last year. The company continues to develop its Sky Ranch Master Planned Community, with Phase 2B nearing completion and Phase 2C progressing.

Pure Cycle Corporation reported financial results for the three months ended February 29, 2024, posting its nineteenth consecutive fiscal quarter with positive net income. The company saw a 25% increase in water and wastewater revenue compared to the same period last year.

Pure Cycle Corporation announced strong Q1 2024 results, marked by a significant increase in lot sale revenue and water/wastewater revenue, driving a net income of $2.1 million. The company's Sky Ranch community continues to show solid growth, with revenues driven by diversified streams.

Pure Cycle Corporation announced its financial results for the year ended August 31, 2023. The company reported revenues of $3.4 million and a net income of $1.1 million for the fourth quarter of 2023.

Pure Cycle Corporation announced its financial results for the three months ended May 31, 2023, posting its seventeenth consecutive fiscal quarter with positive net income. The company reported revenues of $6.9 million and a net income of $3.3 million. The increase in revenue was driven by record water sales to oil and gas operators and the start of Phase 2B construction at Sky Ranch.

Pure Cycle Corporation announced its sixteenth consecutive fiscal quarter with positive net income, driven by its Sky Ranch Master Planned Community. While facing headwinds from rising interest rates, the company saw robust new home starts and continued demand for rental units. The company is forecasting strong fiscal 2023.

Pure Cycle Corporation reported revenues of $1.3 million and a net income of $0.2 million for the three months ended November 30, 2022. The company's performance was impacted by the housing market downturn, but offset by surface use payments from oil and gas operators.

Pure Cycle reported a net income of $9.6 million on revenues of $23.0 million for the year ended August 31, 2022. The company's growth was attributed to its land development, water resource development, and single-family rental business lines.

Pure Cycle reported a net income of $0.8 million on revenues of $3.2 million for the three months ended May 31, 2022. The company's Sky Ranch development continues to progress, with Phase 2A nearing completion and strong demand for affordably priced homes. The water resource development segment also continues to expand its customer reach.

Pure Cycle Corporation reported a net income of $1.5 million on revenues of $4.3 million for the three months ended November 30, 2021. The company continues construction on the second development phase of the Sky Ranch Master Planned Community.

Pure Cycle Corporation reported a net income of $20.1 million for the fiscal year ended August 31, 2021. The company saw revenues from lot sales, tap fees, oil and gas operations, and water and wastewater usage fees. They also substantially completed the first development phase at Sky Ranch, commenced development on the second phase, and launched a single-family rental division.

Pure Cycle Corporation reported increased revenue driven by water and wastewater tap sales. The company is progressing with its Sky Ranch development, expecting to deliver platted lots in the next fiscal quarter. They are also on schedule with their Build-to-Rent project.

Pure Cycle reported a 35% increase in revenue and a significant increase in net income to $17.4 million for the quarter ended February 28, 2021. The revenue growth was driven by project management fees, increased water and wastewater tap sales, and special facility construction projects. The net income increase was primarily due to the recognition of reimbursable costs related to the Sky Ranch development.

Pure Cycle Corporation reported a net income of $0.8 million on revenues of $4.9 million for the three months ended November 30, 2020. The decrease in revenue compared to the previous year was primarily due to the timing of lot sales as the initial development phase at Sky Ranch neared completion. The company's investments in water and water rights increased to $55.2 million.