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Nov 30, 2022
Pure Cycle Q1 2023 Earnings Report
Pure Cycle reported positive net income for the fifteenth consecutive fiscal quarter, but faced challenges due to the housing market downturn and weather.
Key Takeaways
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.
Revenues reached $1.3 million, resulting in pre-tax income of $0.3 million.
EBITDA was $0.8 million.
Cash and investments totaled $32.0 million.
67.5 million gallons of water were delivered.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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