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Aug 31, 2024
Pure Cycle Q4 2024 Earnings Report
Pure Cycle's financial performance for Q4 2024 showed a significant increase in revenue, net income, and earnings per share compared to the same period in the previous year.
Key Takeaways
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.
Revenue for Q4 2024 was $12.6 million, driving pre-tax income to $8.8 million.
Net income for Q4 2024 reached $6.6 million.
EBITDA for Q4 2024 was $9.5 million.
396 acre-feet of water delivered during Q4 2024.
Forward Guidance
Pure Cycle anticipates continued growth in its land development segment and strong demand for oil and gas water sales, with various phases of development progressing concurrently.
Positive Outlook
- Continued success of Sky Ranch Master Planned community.
- Three phases of lot development under construction.
- Accelerated timing of lot deliveries to home builder customers.
- Strong outlook for water sales to oil and gas customers.
- Record YTD water sales to oil and gas customers.
Challenges Ahead
- Oil and gas operations are highly variable and dependent on oil prices.
- Demand for gas.
- Timing of development of other leases in our service areas.
- Home mortgage interest rates.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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