PURE CYCLE CORP. NEW

Pure Cycle reports a 29% rise in revenue for Q2 2026 to $5.2 million and net income of $1.1 million, driven by accelerated handovers in the Sky Ranch development project after an unusually warm, dry winter. The company has reached roughly half of its annual guidance and shows strong growth in its land development segment alongside stable recurring revenue in its water segment. Management confirms the annual guidance, makes a moderate adjustment to its SFR leasing strategy, and emphasizes a solid balance sheet with high liquidity and further growth potential, while warning of seasonal and political risks. » Mere på de.investing.com

Pure Cycle reports Q1 2026 revenue of $9.14 million (+59%), gross profit of $6.25 million (+70%), net income of $4.57 million (+16%) and EPS of $0.19. The driver was primarily the land development segment (Phase 2D and 2C), while recurring water and rental revenues remain stable; the rental portfolio includes 19 fully leased homes with plans for 45 additional units in 2026. The company holds $23.9 million in cash, views Sky Ranch as a strategic focus and forecasts 2026 revenue of $26–30 million and EPS of $0.43–0.52. » Mere på de.investing.com

Pure Cycle presented at the Lytham Partners Investor Conference its focus on water rights, land development and leasing of single-family homes. The water rights near Denver could supply up to 60,000 single-family connections; the Sky Ranch project envisions 3,200 homes and 2 million square feet of commercial space. The company reports USD 60 million in liquidity, USD 7 million in debt, 1,600 active connections and a potential USD 2.5 billion in revenue from connection fees; share buybacks continue. Targets include 2,500–3,000 connections in 3–5 years, completion of Sky Ranch within five years and building a portfolio of 100 rental single-family homes in three years. » Mere på de.investing.com