secwatch.observer — SEC 8-K summary
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Issuer:     PURE CYCLE CORP (PCYO)
CIK:        0000276720
Form:       8-K
Filed at:   2025-07-10T23:59:59+00:00
Accession:  0001558370-25-009165
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/276720/000155837025009165/0001558370-25-009165-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/276720/000155837025009165/pcyo-20250709x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-009165

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