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 ...

Pure Cycle (NasdaqCM:PCYO) Q1 2026 Earnings Call January 08, 2026 08:30 AM ET Company ParticipantsJoakim Persson - Circles Asset ManagementMark W. Harding - President and CEOConference Call ParticipantsNone - Analyst 2None - Analyst 1None - Analyst 3None - Analyst 4OperatorGood morning, everyone, and welcome to Pure Cycle Corporation's first quarter 2026 earnings call. We've had a great start to the year, and we're excited to share with you guys our results for the first quarter. A couple of housekeeping no ...

Group 1: ASR Program and Water Supply Management - California American Water, a unit of American Water Works, is implementing the Aquifer Storage and Recovery (ASR) Program to ensure a reliable water supply during dry months by capturing and treating excess rainwater [1][2] - The ASR Program is a cost-effective water resource management technique that allows for underground water storage during periods of abundance, avoiding evaporation losses and providing emergency supplies [3][11] - The program is expected to enhance customer retention and expand the customer base by meeting the rising demand for water [4] Group 2: Infrastructure Investments - The U.S. water and wastewater infrastructure is deteriorating, with frequent water main breaks leading to wastage and contamination [5] - American Water Works plans to invest $3.7 billion in infrastructure upgrades in 2026, with a long-term capital expenditure plan of $19-$20 billion from 2026 to 2030 and $46-$48 billion from 2026 to 2035 [6][11] - The Environmental Protection Agency estimates that $1.25 trillion will be needed over the next 20 years for maintaining and upgrading water systems [7] Group 3: Industry Investment Trends - Other water utilities, such as Essential Utilities and California Water Service Group, are also making significant investments to upgrade aging infrastructure [8] - Essential Utilities plans to invest $7.8 billion from 2025 to 2029 for rehabilitating its water and natural gas pipeline systems [9] - California Water Service Group intends to invest between $450 million and $550 million in 2025 to strengthen its operations and believes its underground water aquifers can meet future demand [10]

Core Insights - Global Water Resources, Inc. has appointed Christa Steele to its board of directors, effective January 1, 2026, succeeding Debra G. Coy who will resign at the end of the year [1][2] Company Overview - Global Water Resources is a leading water resource management company that operates 39 systems providing water, wastewater, and recycled water services, primarily in growth corridors around metropolitan Phoenix and Tucson [9] - The company recycles over 1 billion gallons of water annually, totaling 18.9 billion gallons recycled since 2004 [9] Leadership Experience - Christa Steele brings over two decades of leadership experience as a CEO, executive, and board member, with expertise in regulatory navigation, digital transformation, financial oversight, growth strategy development, and mergers and acquisitions [2][4] - Steele previously served as interim CEO of BALCO Holdings, overseeing approximately $300 million in revenues and 1,200 employees [2] - As president and CEO of Mechanics Bank, she improved core earnings and doubled the stock price before its acquisition [3] Board Composition - Following Steele's appointment, the board will consist of seven directors, with four serving as independent directors [1] Strategic Goals - Steele's experience aligns with Global Water's goal of leading the industry in water resource management, customer service, and innovative water recycling technologies [4] - The company aims to expand in major metro growth corridors around Phoenix and Tucson, addressing challenges related to water scarcity [7] Recognition and Awards - Global Water has received numerous industry awards, including national recognition as a 'Utility of the Future Today' for superior water reuse practices [11] - The company has been acknowledged for its effective implementation of Total Water Management (TWM), which integrates the management of the entire water cycle [10]