Pure Cycle Q3 net income $2.3M ($0.09 EPS) vs $2.8M YoY; revenue falls to $5.1M

PURE CYCLE CORP

2025-Q3 EPS reported $0.29 revenue$14,887,000

Q3 net income $2.3M ($0.09 diluted EPS) compared to $2.8M ($0.12) a year ago; revenue $5.1M vs $7.6M.
Nine-month net income rose to $7.0M ($0.29 EPS) from $5.0M ($0.21) YoY; revenue $14.9M vs $16.2M.
Oil and gas royalty income surged to $1.1M Q3 and $5.9M YTD from $0.4M and $0.5M, driven by six new wells.
Water tap sales increased to $1.7M Q3 and $5.3M YTD as Phase 2B development progresses; 130 taps sold YTD.
Cash & equivalents $14.4M; working capital $18.1M; 24th consecutive profitable quarter; Sky Ranch Phases 2C-2E in development.

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