Pure Cycle ( (PCYO) ) has issued an announcement.
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Pure Cycle Corporation reported significant financial growth for the quarter ended November 30, 2024, with a 91% increase in net income to $3.9 million and a 78% rise in earnings per share compared to the previous year. The company continues to progress in the Sky Ranch development, with multiple phases underway, contributing to increased revenues from lot sales and royalty income from oil and gas operations, despite a decrease in water deliveries to oil and gas customers. This ongoing development has positioned Pure Cycle as a leading master-planned developer in the Denver metropolitan area, with expectations for continued growth in utility and land development segments.
More about Pure Cycle
Pure Cycle Corporation operates in the water and land development industry, focusing on water and wastewater resource development, land development, and single-family rentals. The company is primarily involved in the Sky Ranch Master Planned Community in Denver, Colorado, providing water services and developing residential lots for home builders.
YTD Price Performance: -3.70%
Average Trading Volume: 44,490
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $288.4M
See more insights into PCYO stock on TipRanks’ Stock Analysis page.
