---
title: "PURE CYCLE CORP 2026: Revenue $8.22M, EPS $0.12— 10-Q Summary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292110077.md"
description: "Pure Cycle Corp reported Q2 2026 revenue of $8.22M and diluted EPS of $0.12, up 60% and 33.3% year-over-year respectively. Growth was driven by land development activity and higher water sales to oil & gas customers. Total revenue rose 51% YTD, with lot sales up 78%. The company also recognized significant percentage-of-completion lot revenue and received $37.6M in tap fees."
datetime: "2026-07-08T20:11:10.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292110077.md)
  - [en](https://longbridge.com/en/news/292110077.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292110077.md)
generator: "portal-rs"
---

# PURE CYCLE CORP 2026: Revenue $8.22M, EPS $0.12— 10-Q Summary

PURE CYCLE CORP reported results for 2026 with revenue of $8.22M and diluted EPS of $0.12, driven by stronger land development activity and higher water sales versus the prior-year quarter.

**Financial Highlights**

Metric

Current quarter

Prior year quarter

YoY change

Revenue¹

$8.22M

$5.14M

60%

Net income²

$2.95M

$2.26M

30.7%

Diluted EPS³

$0.12

$0.09

33.3%

*¹ Reported as “Total revenues”. ² Reported as “Net income”. ³ Reported as “Earnings per common share - basic and diluted”.*

**Business Highlights**

-   Revenue growth: Total revenue rose 51% year-to-date, led by land development (lot sales up 78%) and increased water sales to oil & gas customers.
-   Channel shift: Commercial water exports and O&G sales drove water deliveries up 137% YTD, shifting the mix toward commercial customers.
-   Sky Ranch development: Phases 2A/2B are mostly complete; Phases 2C–2E are active with 591 lots remaining.
-   Operational milestones: Recognized significant percentage-of-completion lot revenue; received $37.6M in tap fees with approximately $14.8M expected in near-term payments.
-   Single-family rentals: SFR portfolio expanded to 39 homes (38 rented); 71 lots reserved for rentals with contracted construction underway.

Original SEC Filing: PURE CYCLE CORP \[ PCYO \] - 10-Q - Jul. 08, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**