{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-23-000181","form_type":"8-K","ticker":"PCYO","cik":"0000276720","company_name":"PURE CYCLE CORP","filed_at":"2023-01-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.558661+00:00","generated_at":"2026-06-20T17:18:46.391310+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Pure Cycle Q1 revenue down 69% YoY to $1.3M; net income falls to $0.2M","bullets":["Revenue $1.3M vs $4.3M YoY; net income $0.2M ($0.01 EPS) vs $1.5M ($0.06 EPS).","Water deliveries 67.5M gallons (-13% YoY); tap sales 4 for $0.2M vs 9 for $0.3M.","Land development revenue declined to $0.5M from $3.2M due to housing slowdown.","Received $1.2M in surface use payments from oil & gas operators; expects strong O&G water sales in FY2023.","Cash and investments $32.0M; authorized 200k share repurchase but no shares bought yet."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-23-000181","json":"https://secwatch.observer/filing/0001558370-23-000181.json","markdown":"https://secwatch.observer/filing/0001558370-23-000181.md","text":"https://secwatch.observer/filing/0001558370-23-000181.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/276720/000155837023000181/0001558370-23-000181-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/276720/000155837023000181/pcyo-20230109x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T17:18:46.391310+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":[{"claim_id":"8cc15507283404d98617a4fac05d1d138043196b","claim":"PURE CYCLE CORP reported three months ended November 30, 2022 results: revenue $1.3 million, net income $0.2 million, EPS $0.01.","evidence_excerpt":"sign to what we believe will be a strong year for oil and gas water sales. Highlights for the first quarter of fiscal 2023 are presented below. ​ Highlights ​ Ø Revenues of $1.3 million which drove p re-tax income of $0.3 million Ø EBITDA of $0.8 million o Reconciliation of net income to EBITDA is as follows: net income of $0.2M plus interest expense of $0.05M","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/276720/000155837023000181/0001558370-23-000181-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended November 30, 2022"},{"label":"Revenue","value":"$1.3 million"},{"label":"Net income","value":"$0.2 million"},{"label":"EPS","value":"$0.01"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}