{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-111010","form_type":"8-K","ticker":"PCYO","cik":"0000276720","company_name":"PURE CYCLE CORP","filed_at":"2025-11-13T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.645381+00:00","generated_at":"2026-05-16T20:42:19.999997+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"confidence":"high","headline":"Pure Cycle FY2025 net income $13.1M (+13% YoY), EPS $0.54, oil & gas royalty +738%","bullets":["Net income $13.1M vs $11.6M in FY2024; diluted EPS $0.54 vs $0.48 (up 12.5%).","Revenue $26.1M (down 9% YoY) driven by lower lot sales; oil & gas royalty income surged 738% to $6.7M.","182 water/wastewater taps sold vs 73 in FY2024; average tap price ~$40,000.","Lot sales $13.7M; Phase 2D expected complete in FY2026, Phase 2E by FY2027.","Single-family rental: 14 homes operating; 5 new townhomes online; under contract for 40 more in FY2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-111010","json":"https://secwatch.observer/filing/0001104659-25-111010.json","markdown":"https://secwatch.observer/filing/0001104659-25-111010.md","text":"https://secwatch.observer/filing/0001104659-25-111010.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/276720/000110465925111010/0001104659-25-111010-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/276720/000110465925111010/pcyo-20251112x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T20:42:19.999997+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}