---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-015654"
form_type: "8-K"
ticker: "PCYO"
cik: "0000276720"
company_name: "PURE CYCLE CORP"
filed_at: "2024-11-14T23:59:59+00:00"
generated_at: "2026-05-30T00:40:21.151899+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Pure Cycle reports FY2024 net income $11.6M, up 147%; EPS $0.48 vs $0.19

## Summary
- Revenue grew 97% to $28.7M; lot sales revenue up 135% to $16.0M.
- Water deliveries rose 89% to 1,818 acre-feet; 77% from oil and gas customers.
- EBITDA of $18.2M, up 112%; working capital $28.5M with $22.1M cash.
- Sky Ranch Phase 2C 27% complete; Phase 2D expected by end of calendar 2025.
- Diluted EPS $0.48 for fiscal year vs $0.19 prior; Q4 EPS $0.27.

## SEC filing metadata
- accession: 0001558370-24-015654
- form_type: 8-K
- ticker: PCYO
- cik: 0000276720
- company_name: PURE CYCLE CORP
- filed_at: 2024-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/276720/000155837024015654/0001558370-24-015654-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/276720/000155837024015654/pcyo-20241113x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-015654
- JSON: https://secwatch.observer/filing/0001558370-24-015654.json
- Plain text: https://secwatch.observer/filing/0001558370-24-015654.txt

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