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Pure Cycle (PCYO) investor relations material
Pure Cycle Investor presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Leadership and governance
Executive team includes experienced leaders in water, finance, engineering, and land development, each with decades of relevant expertise.
Board of directors features specialized committee chairs for audit, governance, and compensation oversight.
Business segments and assets
Four main segments: water, land, homes (single-family rentals), and liquidity, with water assets comprising 44% of total assets.
Water rights portfolio supports up to 60,000 connections, with only 1,700 currently served, indicating significant growth capacity.
Sky Ranch is a 930-acre master-planned community with up to 3,200 homes and 2 million sq. ft. of commercial space.
Strong liquidity position with $67.9M in cash and receivables, supporting ongoing operations and expansion.
Financial performance and recurring revenue
Recurring water and wastewater revenue grew 16% from 6mo 2024 to 6mo 2026, with a 22% customer CAGR.
Oil and gas water sales are a high-margin, variable revenue stream, with resumed drilling activity expected to boost FY26 results.
Single-family rental revenue increased 20% from 6mo 2024 to 6mo 2026, with asset values appreciating faster than book value.
Q2 2026 net income rose 37% year-over-year to $1.1M, with EPS of $0.05.
- Net income up 16% to $4.6M, revenue up 59%, led by robust Sky Ranch lot sales.PCYO
Q1 202617 Apr 2026 - Q2 net income up 37% to $1.1M, with revenue up 29% on strong land and water growth.PCYO
Q2 20269 Apr 2026 - Early water rights acquisition fuels high-margin growth in land, utility, and rentals.PCYO
2024 Southwest IDEAS Conference3 Feb 2026 - Q3 net income was $2.3M on $5.1M revenue, with strong liquidity and ongoing development.PCYO
Q3 20253 Feb 2026 - Sky Ranch expansion, infrastructure upgrades, and local water sourcing drive growth and margins.PCYO
Investor Day 20243 Feb 2026 - Revenue and net income surged as lot and water sales soared, supporting continued growth.PCYO
Q3 20243 Feb 2026 - Record revenue and net income driven by Sky Ranch, water, and rentals, with strong growth outlook.PCYO
Q4 202414 Jan 2026 - Net income surged 91% to $3.94M, fueled by oil and gas royalties and land development.PCYO
Q1 202510 Jan 2026 - Definitive proxy materials filed to solicit shareholder votes under SEC rules.PCYO
Proxy Filing4 Dec 2025
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