secwatch.observer — SEC 8-K summary
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Issuer:     PURE CYCLE CORP (PCYO)
CIK:        0000276720
Form:       8-K
Filed at:   2026-07-09T15:00:20+00:00
Accession:  0001104659-26-082168
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/276720/000110465926082168/0001104659-26-082168-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/276720/000110465926082168/pcyo-20260707x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-082168

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer