secwatch.observer — SEC 8-K summary
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Issuer:     PURE CYCLE CORP (PCYO)
CIK:        0000276720
Form:       8-K
Filed at:   2025-01-10T23:59:59+00:00
Accession:  0001558370-25-000106
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pure Cycle Q1 net income jumps 91% to $3.9M, EPS $0.16 (up 78% YoY)
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- Net income $3.937M vs $2.065M; diluted EPS $0.16 vs $0.09; revenue $5.752M (+7% YoY).
- Royalty income surged to $2.807M from $0.034M, driven by six new oil & gas wells.
- EBITDA $5.843M (+71%); cash $19.0M; working capital $20.3M.
- Sky Ranch: Phase 2A complete, Phase 2C 41% done, Phase 2D started Dec 2024.
- Water tap sales $1.466M (up from $0.581M); 38 taps sold vs 15 in prior year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/276720/000155837025000106/0001558370-25-000106-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/276720/000155837025000106/pcyo-20250108x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-000106

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