Pure Cycle Corp
NASDAQ:PCYO
Pure Cycle Corp
Pure Cycle Corp. engages in the development of diversified land and water resource. The company is headquartered in Watkins, Colorado and currently employs 31 full-time employees. The firm is an integrated water and wastewater service provider. The company owns and develops a portfolio of water rights in a water short region. The firm operates through two segments: water and wastewater resource development and land development. The Water and Wastewater Resource Development Segment provides wholesale municipal water and wastewater services. The company provides water to customers, collects wastewater from those customers and treats that wastewater which is reused for irrigation and industrial demands. The land development segment provides water and wastewater resource development business. The company also provides domestic water, irrigation water, and wastewater services to the community.
Pure Cycle Corp. engages in the development of diversified land and water resource. The company is headquartered in Watkins, Colorado and currently employs 31 full-time employees. The firm is an integrated water and wastewater service provider. The company owns and develops a portfolio of water rights in a water short region. The firm operates through two segments: water and wastewater resource development and land development. The Water and Wastewater Resource Development Segment provides wholesale municipal water and wastewater services. The company provides water to customers, collects wastewater from those customers and treats that wastewater which is reused for irrigation and industrial demands. The land development segment provides water and wastewater resource development business. The company also provides domestic water, irrigation water, and wastewater services to the community.
Record Q1 Performance: PureCycle delivered a record-setting first quarter, outpacing typical seasonality with over $9 million in revenue and $6.2 million in gross profit.
Profitability & Guidance: The company achieved significant increases in net income and EPS, reaching about 37% of full-year guidance already and staying ahead of schedule.
Segment Strength: All three business segments—land development, water utilities, and single-family rentals—performed well, with land development driving most of the quarter’s strength.
Water Capacity & Oil/Gas Volatility: Water utilities saw softer results due to timing around permits and oil and gas activity, but management expects a substantial pickup in the remainder of the year.
Outlook & Projects: Fiscal year guidance remains $26–$30 million in revenue and $0.43–$0.52 EPS, with large commercial and residential developments and a new interchange project set to unlock further growth.
Strategic Expansion: The company is optimistic about further land acquisitions, cautious but selective with water acquisitions, and actively exploring data center partnerships given its ample water supply.
