PURE CYCLE CORP — Form 8-K
Filed July 9, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 52/100
What the filing says
For Q3 FY2026 (ended May 31, 2026), Pure Cycle reported net income of $2.9M (up 31% YoY) and $8.6M YTD (up 23%), with EPS of $0.12 and $0.36 respectively. Revenue grew 60% and 51% driven by water sales to oil/gas operators (119% and 34% growth) and lot sales (19% and 78% growth). Separately, director Daniel R. Kozlowski resigned effective July 7, 2026, citing shareholder perspective as a board search criterion.
Why this rating
Strong earnings growth (31% Q3, 23% YTD) with 28 consecutive profitable quarters demonstrates execution. However, director departure is routine governance. Growth is real but company is still small ($200.6M market cap); land development and water segments are maturing. Water to oil/gas is cyclical; SFR expansion paused due to regulatory uncertainty. Positive trajectory but not transformational.
See more from July 9, 2026.
EDGAR·FLOW summarizes public SEC EDGAR filings with automated analysis. Materiality scores and stock-impact predictions are algorithmically generated and are not investment advice. Always verify against the source filing on SEC.gov.