Pure Cycle Q3 net income up 31% to $2.9M; revenue +60% to $8.2M; director resigns

PURE CYCLE CORP

2026-Q3 EPS reported $0.36 revenue$22,526,000

Q3 FY2026 revenue $8.2M (+60% YoY); net income $2.9M (+31% YoY); diluted EPS $0.12 vs $0.09.
Water deliveries surged to 631 acre-feet (vs 76 a year ago) on oil & gas demand; tap sales up to 66 water taps.
Land development revenue $3.3M (+16% YoY); Phase 2D ~84% complete, Phase 2E development begun (159 lots).
Director Daniel R. Kozlowski resigned effective July 7, 2026; no disagreement cited; search for successor underway.
Single-family rental: 38 homes rented, 23 of 33 additional units under contract; pause on further expansion.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Daniel R. Kozlowski

Director

PCYO · PURE CYCLE CORP

Effective: 2026-07-07
Filed: July 9, 2026, 11:00 AM ET

On July 7, 2026, Daniel R. Kozlowski notified the Board of Directors (the “ Board ”) of the Registrant of his resignation from the Board, effective immediately.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Daniel R. Kozlowski resigned as Director at PURE CYCLE CORP.

Action: resigned
Role: Director

Exact text from the filing

On July 7, 2026, Daniel R. Kozlowski notified the Board of Directors (the “ Board ”) of the Registrant of his resignation from the Board, effective immediately.

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PURE CYCLE CORP filing history →

Source: SEC EDGAR

accession 0001104659-26-082168

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