Pure Cycle Q1 Earnings Call Highlights

Pure Cycle reiterated its fiscal 2026 guidance range of $26 million to $30 million in revenue and $0.43 to $0.52 in earnings per share. In the Q&A, Harding and his team said the breadth of the guidance range is largely driven by variability in industrial water sales to oil and gas operators, which management characterized as high-margin but timing-dependent.Management said the results put the company ahead of its internal forecast: Harding noted that through the first quarter, Pure Cycle achieved about a th ...