Welcome to our dedicated page for Pure Cycle news (Ticker: PCYO), a resource for investors and traders seeking the latest updates and insights on Pure Cycle stock.
Pure Cycle Corporation (PCYO) delivers essential water infrastructure services and land development solutions through its vertically integrated model. This news hub provides investors and stakeholders with timely updates on the company's dual focus areas: managing critical water resources and developing master-planned communities.
Track official announcements covering PCYO's water system operations, wastewater management projects, land entitlement progress, and community development milestones. Our curated collection includes earnings reports, regulatory filings, partnership disclosures, and strategic initiative updates.
Key areas of coverage include water infrastructure expansions, land parcel sales, single-family rental developments, and resource management innovations. Stay informed about operational developments that impact both utility service reliability and land asset valuations.
Bookmark this page for direct access to Pure Cycle's latest press releases and verified news articles. Monitor how PCYO's integrated approach to water resources and land development creates unique market opportunities across multiple sectors.
Pure Cycle (NASDAQ:PCYO) reported strong financial results for Q1 2025 (ended November 30, 2024), marking its twenty-second consecutive quarter with positive net income. The company achieved $3.9 million in net income, a 91% increase from 2023, with earnings per diluted share rising 78% to $0.16.
Revenue increased 7% to $5.8 million, driven by development progress at Sky Ranch Master Planned Community and increased royalty revenues from oil and gas operations. The company reported substantial growth in royalty income, reaching $2.8 million compared to less than $0.1 million in the previous year.
Development continues across multiple phases at Sky Ranch, with Phase 2A completed, Phase 2B at 97% completion, and Phase 2C approximately 41% complete. The company maintains a strong financial position with $19.0 million in cash and cash equivalents and working capital of $20.3 million as of November 30, 2024.
Pure Cycle (NASDAQ:PCYO) has announced its Q1 2025 earnings presentation scheduled for January 9, 2025, at 8:30 AM Eastern Time. The presentation will proceed as planned despite market closure for the day of mourning.
The company operates in three business segments: wholesale water and wastewater services, land development of master planned communities, and single-family home rentals at Sky Ranch. The land development segment was launched in 2017, while the rental business began in 2021, creating long-term recurring revenues and expanding their customer base for water services.
Shareholders can participate in an interactive presentation with Q&A functionality through the company's website, while call-in access will be available in listen-only mode.
Pure Cycle (NASDAQ:PCYO) has scheduled its Q1 2025 earnings release for January 8, 2025, followed by an earnings presentation on January 9, 2025, at 8:30 AM Eastern Time. The company will host an interactive session allowing questions and slide presentation viewing.
Pure Cycle operates in three business segments: wholesale water and wastewater services, land development of master planned communities, and single-family home rentals at Sky Ranch. The company emphasizes its vertical integration and focus on recurring revenue streams through these complementary business segments.
Pure Cycle (PCYO) reported strong financial results for fiscal year 2024, with net income reaching $11.6 million, a 147% increase from 2023. Revenue grew 97% to $28.7 million, driven by a 135% increase in lot sales. The company delivered 1,818 acre-feet of water, up 89% from 2023. Earnings per diluted share increased 153% to $0.48. The Sky Ranch Master Planned Community continues development with Phases 2A and 2B substantially complete, while Phase 2C is expected to complete in fiscal 2025. Cash and cash equivalents stood at $22.1 million as of August 31, 2024.
Pure Cycle (NASDAQ:PCYO) has scheduled its year-end 2024 financial results release for November 13, 2024, followed by a conference call on November 14, 2024, at 8:30AM Eastern. The company operates in three business segments: wholesale water and wastewater services, land development of master planned communities, and single-family home rentals at Sky Ranch. The earnings call will be accessible via domestic (877-545-0523) and international (973-528-0016) lines, with replay available until February 14, 2025.
Pure Cycle (NASDAQ:PCYO) announced that Sky Ranch Community Authority Board (Sky Ranch CAB) successfully completed a $21.9 million municipal bond refinancing. The refinancing resulted in $10.1 million net proceeds after repaying 2019 Bonds and expenses. The 2024 Bonds include $18.585 million in tax-exempt senior bonds and $3.307 million in subordinate bonds. Pure Cycle received $10.1 million as partial reimbursement for public improvements at the Sky Ranch Master Planned Community. The total municipal bonds issued by Sky Ranch CAB now amount to $51.4 million, reflecting the community's strong performance.
Pure Cycle (NASDAQ: PCYO) announced that Sky Ranch Metropolitan District No. 1, part of the Sky Ranch Community Authority Board (CAB), received an investment grade 'BBB' rating from S&P Global Ratings for refinancing its 2019 Bonds. This rating reflects the district's mature status, quality financial controls, and stable financial outlook. The Sky Ranch Master Planned Community, developed by Pure Cycle, has completed Phase 1 with 509 homes across 151 acres.
CEO Mark Harding stated that this rating will lower borrowing costs and provide additional funds to repay Pure Cycle's advances for public improvements. The transaction is expected to close in November, potentially yielding $10 million to pay down the Sky Ranch CAB Note Receivable. Pure Cycle operates in three business segments: wholesale water and wastewater services, land development, and single-family home rentals at Sky Ranch.
Pure Cycle (NASDAQ: PCYO) is hosting its annual Investor Day on July 17, 2024, at Sky Ranch, the company's master-planned community. The event will run from 10:00 a.m. to 1:00 p.m. MST, featuring an in-person tour of Sky Ranch and the company's water assets. Attendees will gain insights into Denver's housing market, Pure Cycle's long-term growth strategies, and progress at Sky Ranch.
The tour will focus on Phase 2 of the development, single-family rental units, and the water reclamation facility. A Q&A session will be available for remote participation at 12:00 PM MST. Advanced registration is required for in-person attendance, while virtual attendees can register online for the Q&A session.
Pure Cycle operates in three business segments: wholesale water and wastewater services, land development, and single-family home rentals at Sky Ranch.
Pure Cycle announced its financial results for the three and nine months ended May 31, 2024, highlighting a 52% increase in lot sales revenue for Q3 and a 56% increase for the nine months compared to 2023. Revenues for Q3 and YTD 2024 were $7.6 million and $16.2 million, respectively, driving pre-tax income of $3.9 million and $6.8 million. Net income for Q3 and YTD stood at $2.8 million and $5.0 million, respectively, while EBITDA reached $4.5 million for Q3 and $8.7 million YTD.
Pure Cycle's development of the Sky Ranch Master Planned Community is progressing, with Phase 2A, 2B, and 2C actively underway. Phase 2B will soon be ready for builders, with construction to continue into Phase 2C. The company maintained a positive net income for the twentieth consecutive fiscal quarter and holds cash and cash equivalents totaling $20.4 million.
Pure Cycle (NASDAQ:PCYO) will release its financial results for the three and nine months ended May 31, 2024, on July 10, 2024. The company will also hold an earnings call the following day, July 11, at 8:30 AM Eastern Time to discuss the results. Interested participants can join the call via phone or an online event link. Replay options are available until July 25, 2024.
Pure Cycle, an innovative water and wastewater service provider, operates in three business segments: water and wastewater services, land development, and rental of single-family homes. The company aims to enhance its operations, strengthen its balance sheet, and drive recurring revenues.
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