---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-004948"
form_type: "8-K"
ticker: "PCYO"
cik: "0000276720"
company_name: "PURE CYCLE CORP"
filed_at: "2024-04-11T23:59:59+00:00"
generated_at: "2026-06-04T00:12:32.770869+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Pure Cycle Q2 net income $118K; revenue $3.2M; record water deliveries YTD

## Summary
- Q2 net income $118K ($0.00 diluted EPS) vs $189K; six-month net income $2.2M ($0.09 EPS) vs $348K.
- Revenue $3.2M in Q2 (+7% YoY); six-month revenue $8.6M (+98% YoY) on strong oil/gas water sales.
- Water deliveries: 404 acre-ft in Q2 (vs 33), YTD record 1,028 acre-ft (vs 242); 25% water/wastewater rev growth.
- Sky Ranch: Phase 2A 96% complete, Phase 2B 52% complete (on track for FY2024); 14 rental homes occupied, 17 more planned.
- Cash $20.4M; working capital $19.9M; cumulative 723 water/wastewater taps sold at Sky Ranch.

## SEC filing metadata
- accession: 0001558370-24-004948
- form_type: 8-K
- ticker: PCYO
- cik: 0000276720
- company_name: PURE CYCLE CORP
- filed_at: 2024-04-11T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/276720/000155837024004948/0001558370-24-004948-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/276720/000155837024004948/pcyo-20240410x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-004948
- JSON: https://secwatch.observer/filing/0001558370-24-004948.json
- Plain text: https://secwatch.observer/filing/0001558370-24-004948.txt

## Key facts
- Earnings Releases
  PURE CYCLE CORP reported three and six months ended February 29, 2024 results: revenue $3.2 million and $8.6 million, net income $0.1 million and $2.2 million, EPS $ — and $ 0.09.
  - Period: three and six months ended February 29, 2024
  - Revenue: $3.2 million and $8.6 million
  - Net income: $0.1 million and $2.2 million
  - EPS: $ — and $ 0.09
  - Result: reported results
  source text: compared to 2023, due to an increase in water sales to oil and gas customers. ​ Q2 and YTD 2024 Highlights ​ Ø Revenues for the three and six months ended February 29, 2024 of $3.2 million and $8.6 million, which drove p re-tax income of $0.2 million and $3.0 million; Ø Net income for the three and six months ended February 29, 2024 of $0.1 million and $2.2
  evidence_url: https://www.sec.gov/Archives/edgar/data/276720/000155837024004948/0001558370-24-004948-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.