Water services firm Pure Cycle's Q1 revenue rises

Pure Cycle

07/01/2026 21:10

Overview

Water service provider's fiscal Q1 revenue grew 59% yr/yr

Net income for fiscal Q1 rose 16% yr/yr

Outlook

Pure Cycle expects Phase 2D completion in fiscal 2026

Company anticipates Phase 2E completion by fiscal 2027

Pure Cycle plans infrastructure improvements including I-70 interchange construction in 2026

Result Drivers

LAND DEVELOPMENT - Lot sales revenue increased significantly due to completion of Phase 2C and initiation of Phase 2D at Sky Ranch

RESIDENTIAL WATER REVENUE - Residential water and wastewater service revenues increased despite a decrease in water deliveries to oil and gas customers

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
$4.57 mln


Press Release: ID:nGNX21ZFwV

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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.)