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 operates as a vertically integrated water and wastewater service provider with related land development and single-family rental businesses. Company updates commonly cover its wholesale water and wastewater systems, the Sky Ranch master planned community, finished-lot deliveries to national homebuilders, and rental homes located at Sky Ranch.
Recurring Pure Cycle news also includes operating and financial results, earnings presentation schedules, regional water system expansion, oil and gas mineral-interest royalty activity, and governance developments such as board composition, shareholder agreements, and capital allocation oversight.
Pure Cycle reported $9.6 million in net income for the year ending August 31, 2022, marking its fifth consecutive year of profitability. Total revenues reached $23.0 million, a significant increase from $17.1 million in 2021. Key contributions came from land development, water resource development, and single-family rentals. The company delivered a record 404.9 million gallons of water, and the average price per lot increased 40% in Phase 2. Despite challenges in the housing market due to rising interest rates, management remains optimistic about future growth.
Pure Cycle Corporation (NASDAQ:PCYO) plans to release its fiscal 2022 financial results on November 14, 2022. Key highlights include the sale of 219 lots at Sky Ranch, generating $13.7 million, and selling 159 water and 154 wastewater taps for $4.9 million. The company also reported proceeds from oil and gas operations exceeding $3 million and closed the year with over $34 million in liquidity. A transition to FORVIS, LLP as its new auditor is underway. A detailed earnings call will occur on November 15, 2022.
Pure Cycle Corporation (NASDAQ: PCYO) announced the successful closure of a $29.7 million municipal bond financing by the Sky Ranch Community Authority Board, netting $23.6 million after fees and expenses. The funds were used to repay Pure Cycle for public improvement reimbursements. The CAB sold tax-exempt bonds totaling $29.7 million, demonstrating robust demand for the Sky Ranch development, which has a strong credit profile amid a challenging bond market. This success reflects ongoing high demand for entry-level housing in the Sky Ranch community.
Pure Cycle Corporation (PCYO) reported a net income of $0.8 million and $4.0 million for the three and nine months ending May 31, 2022. This marks the thirteenth consecutive quarter of positive net income, with revenues of $3.2 million and $12.1 million. The company is advancing its Sky Ranch Master Planned Community, with Phase 2A nearly 67% complete. Water and wastewater tap sales totaled $1.3 million and $2.5 million, respectively. The company anticipates continued growth amid inflation and rising interest rates, as it focuses on delivering lots on time and within budget.
Pure Cycle Corporation (NASDAQ: PCYO) is set to release its financial results for the three and nine months ended May 31, 2022, on July 11, 2022. Following this, a conference call will be held on July 12, 2022, at 8:30 AM Eastern to discuss the outcomes. Additionally, the company will host its annual Investor Day on July 13, 2022, featuring presentations from senior management about current operations and growth strategies. Pure Cycle continues to diversify its operations, focusing on water services and land development to drive recurring revenues.
Pure Cycle Corporation (NASDAQ:PCYO) will release its financial results for the three and nine months ended May 31, 2022, on July 11, 2022. A conference call is scheduled for July 12, 2022, at 8:30 AM ET to discuss the results. The company continues to evolve by diversifying operations and driving recurring revenues across its three business segments: wholesale water and wastewater services, land development, and rental of single-family homes. A detailed presentation will be available on its website ahead of the call.
Pure Cycle Corporation (NASDAQ:PCYO) will host its Investor Day on July 13, 2022, from 10:00 a.m. to 2:00 p.m. MST at Sky Ranch, Colorado. CEO Mark Harding and CFO Kevin McNeill will present the company’s current status and long-term strategies, including a tour of the development site and water reclamation facility. The event aims to provide insights into the company's three business lines: water and wastewater services, land development, and single-family home rentals. Advanced registration is mandatory for attendees.
Pure Cycle Corporation reported strong financial results for the three and six months ending February 28, 2022, with revenues of $4.7 million and $8.9 million, respectively. The company achieved a net income of $1.7 million and $3.2 million in the same periods. Water deliveries hit an all-time high of 137 million gallons, largely due to demand from the oil and gas sector. The ongoing development of the Sky Ranch community continues, with substantial progress in both water and land segments.
Pure Cycle Corporation (NASDAQ:PCYO) will announce its financial results for the three and six months ending February 28, 2022, on April 11, 2022, after market close. A conference call to discuss the results will be held on April 12, 2022, at 8:30 AM ET, featuring a presentation and a Q&A session. Pure Cycle operates in three segments: water and wastewater services, land development, and single-family home rentals, enhancing their revenue streams and customer base. Further details will be available on their website post-call.
Pure Cycle Corporation (NASDAQ:PCYO) will release its financial results for the three and six months ended February 28, 2022, on April 12, 2022. A conference call is scheduled for the same day at 8:30 AM Eastern to discuss these results. The company has diversified operations into three segments: water and wastewater service, land development, and single-family home rentals at Sky Ranch, enhancing recurring revenues. A detailed presentation will be available on their website, providing further insights into their financial performance.