Pure Cycle Q3 revenue rises 60% on growth in land and water segments

Pure Cycle

08/07/2026 21:14

Overview
US water utility and land developer's fiscal Q3 revenue rose 60% year-over-year
Fiscal Q3 net income increased 31%, with diluted EPS up 33% year-over-year
Growth driven by higher lot sales at Sky Ranch and increased water demand from oil and gas

Outlook
Company expects to substantially complete Phase 2D at Sky Ranch by end of fiscal 2026
Pure Cycle expects to deliver 159 lots in Phase 2E in fiscal 2027
Company anticipates continued demand for oil and gas water sales for remainder of 2026

Result Drivers
OIL AND GAS WATER DEMAND - Co said increased water deliveries to oil and gas customers drove higher water segment revenue
ACCELERATED LOT DEVELOPMENT - Co attributed higher lot sales revenue to accelerated development activity at Sky Ranch, aided by mild winter weather
STRONG RENTAL DEMAND - Co said single-family rental segment demand remains strong, with 95% of units leased prior to completion

Company press release: ID:nGNX1rvzSd

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
$8.22 mln
 
Q3 EPS
 
$0.12
 
Q3 Net Income
 
$2.95 mln

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(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.)