Pure Cycle Corp. (PCYO)
NASDAQ:PCYO
Want to see PCYO full AI Analyst Report?
Earnings Data
Report Date
Jul 15, 2026TBA (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
―Last Year’s EPS
0.09Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted multiple operational and financial positives: sustained profitability (27 consecutive profitable quarters), mid-year pacing near 50% of guidance with maintained full-year revenue and EPS targets, strong water-asset runway and industrial water upside from recent permitting activity, meaningful land development progress (lots ahead of schedule and inventory for builders), and healthy single-family rental occupancy and recurring revenue growth. Offsetting these are timing and cadence risks: margin moderation from accelerated lot delivery, variable industrial water demand tied to oil/gas cycles (not fully take-or-pay), a deliberate pause/slowdown in rental expansion due to regulatory and return assessment, slight schedule slip on the interchange, and limited near-term prospects for large data-center users in-state due to power and policy constraints. Overall, the positives (growth, asset capacity, strong balance sheet, on-track guidance) materially outweigh the operational and timing headwinds, supporting a constructive view of the company’s near- to medium-term outlook.Company Guidance
Sustained Profitability
27th consecutive profitable quarter; management emphasized consistent, profitable results and growing shareholder returns.
Mid-Year Financial Position and Guidance Pace
Management reported being roughly 50% of full-year guidance at mid-year (about $14.3M of revenue toward a ~$26M–$30M FY guidance range) and stated they remain on track for FY EPS guidance of $0.43–$0.52.
Reported H1 Revenues, Gross Profit and EPS
Management cited approximately $5.1M in revenue and ~$2.8M gross profit in the first six months (one remark), and separately referenced mid-year totals of ~$14.3M revenue; reported net income 'a little over $1M' and reported EPS of ~$0.05 for the quarter, with net income up approximately 36% year-over-year.
Water Segment Strength and Capacity
Water assets of roughly $74–$75M (about 44% of company assets); company noted water portfolio growth (management referenced a ~10% increase in recent water acquisitions), ability to serve tens of thousands of connections (management referenced capacity to provide service to more than ~60,000 connections), multiyear industrial contracts, premium industrial pricing (~3x residential spot rate), and expectation that industrial water sales will exceed guidance given increased drilling activity after prior-year permitting.
Land Development Progress and Forward Lot Inventory
Significant progress at Sky Ranch: Phase II (reported ~228 lots of a phase noted as ~95% complete) and Phase IID (~80% complete); Phase II initially ~780 lots grew to ~1,000+ lots via densification; management highlighted roughly 430 lots available for homebuilders and upcoming Phase IIE (≈160 lots targeted for 2027 delivery); reported ability to deliver lots ~6 months ahead of schedule which accelerated builder activity.
Single-Family Rental Performance and Occupancy
19 homes completed and fully leased; recurring revenue from single-family rental segment up ~20% period-over-period (driven by additional units); strong leasing demand with units pre-leased into August; management reported unlevered returns in the ~8%–10% range on the rental program and average rents cited around $3,000/month.
Balance Sheet, Liquidity and Capital Strategy
Management emphasized a strong balance sheet and liquidity (noted cash/receivables comprise a large portion of assets), no recent equity issuance (last more than 15 years ago), ongoing evaluation of debt refinancing and monetization opportunities for reimbursables (management expects refinancing opportunities in 2027 that could free up ~$10M–$12M, with additional potential financing tied to Phase III).
Commercial Development Pipeline and Interchange Progress
Active marketing of commercial/industrial sites (retail/industrial brokers engaged) and interchange permitting progressed to ~30% design with submission planned (~June) and expected construction start in 2027 and completion targeted in 2028 (management reiterated interchange as an enabler for commercial value capture).
PCYO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PCYO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 08, 2026 | $11.74 | $11.85 | +0.94% |
Nov 12, 2025 | $11.23 | $11.05 | -1.60% |
Jul 09, 2025 | $10.64 | $10.40 | -2.26% |
Apr 09, 2025 | $10.78 | $10.29 | -4.55% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Pure Cycle Corp. (PCYO) report earnings?
Pure Cycle Corp. (PCYO) is schdueled to report earning on Jul 15, 2026, TBA (Confirmed).
What is Pure Cycle Corp. (PCYO) earnings time?
Pure Cycle Corp. (PCYO) earnings time is at Jul 15, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PCYO EPS forecast?
Currently, no data Available