Pure Cycle posts decline in Q3 revenue

Pure Cycle

09/07/2025 21:12

Overview

Pure Cycle fiscal Q3 revenue decreased to $5.1 mln from $7.6 mln yoy

Net income for fiscal Q3 was $2.3 mln, marking 24th positive qtr

Company continues Sky Ranch development, generating income from oil and gas

Outlook

Company expects Phase 2C lots ready by end of fiscal 2025

Company plans Phase 2E lots ready by end of calendar 2026

Pure Cycle sees continued growth in residential water service revenues

Result Drivers

SKY RANCH DEVELOPMENT - Continued development of Sky Ranch community supports income, driven by entry-level lot pricing and low inventory

OIL AND GAS ROYALTIES - Increase in royalty revenues from oil and gas interests at Sky Ranch, with six new wells contributing to income

WATER AND WASTEWATER TAP SALES - Significant increase in tap sales revenue due to development activities in Phase 2B

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
$2.26 mln
Q3 EBITDA
$3.63 mln


Press Release: ID:nACS7RmSqa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)