secwatch.observer — SEC 8-K summary
======================================

Issuer:     PURE CYCLE CORP (PCYO)
CIK:        0000276720
Form:       8-K
Filed at:   2025-04-10T23:59:59+00:00
Accession:  0001558370-25-004657
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pure Cycle Q2 net income $0.8M, revenue $4.0M; Sky Ranch development expands
----------------------------------------------------------------------------

- Revenue $4.0M (+25% YoY); net income $0.8M vs $0.1M; EPS $0.03 vs $0.00.
- Water/wastewater tap sales $2.1M (Q2) and $3.6M (six months); 895 taps sold to date.
- Oil & gas royalty income $1.9M (Q2) and $4.7M (six months) from 6 new wells.
- Sky Ranch phases 2C (228 lots) and 2D (218 lots) under development; Phase 2E planned.
- Cash $16.8M, working capital $19.8M; share repurchase program ongoing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/276720/000155837025004657/0001558370-25-004657-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/276720/000155837025004657/pcyo-20250409x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-004657

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