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 ...

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 ...

Financial Performance - Q1 2026 net income increased approximately 16% to $46 million, and EPS increased approximately 19% to $019, reflecting higher profitability year over year[19] - As of Q1 2026, approximately 31% of the full-year revenue forecast and 32% of the gross profit forecast have been achieved[26] - As of Q1 2026, approximately 37% of the full-year net income and EPS forecasts have been achieved[30] Water & Wastewater Utilities - Recurring water and wastewater revenue increased approximately 26% from Q1 2024 to Q1 2026[38] - The company estimates its portfolio can serve approximately 60000 connections, generating approximately $23 billion in revenues based on current rates[50] - To date, the company has added around 1695 connections, representing 28% of its overall capacity[50] Land Development - Phase 2C is 89% complete by Q1 2026, with all $173 million revenue payments received[54] - Phase 2D is 65% complete by Q1 2026, with $45 million milestone payments received and $145 million remaining for FY26[55] - Quarter-over-quarter land development revenue increased to $65 million in Q1 2026[57] Single-Family Rentals - Single-family rental revenue increased approximately 20% from Q1 2024 to Q1 2026[85] - The company has completed 19 rental units at Sky Ranch, which are now fully leased[83] - The company has 40 additional homes under contract, with occupancy expected through FY2026[83] Capital Position - As of Q1 '26, the company has $239 million in cash and restricted cash and a $518 million Note Receivable[13] - The company's water rights portfolio supports up to 60000 connections[100]

DENVER, Jan. 07, 2026 (GLOBE NEWSWIRE) -- Pure Cycle Corporation (NASDAQ Capital Market: PCYO) (“Pure Cycle”, “we”, “us” or “our”) announced its financial results for the three months ended November 30, 2025. Pure Cycle reported $4.5 million of net income for the three months ended November 30, 2025, which is a 16% increase in net income from the same period in 2024 and marks the twenty-sixth consecutive fiscal quarter with positive net income. Pure Cycle reported $0.19 of earnings per fully diluted common ...

Save money, water, time and stay informed in 2026 ST. LOUIS, Jan. 7, 2026 /PRNewswire/ -- Missouri American Water celebrates the new year and offers tips to save customers money, water and time, from their kitchen to their backyard, and ways to stay informed about their water and wastewater service all year long. "The new year is the perfect time to start new habits like saving water around the home," said Jody Carlson, Vice President of Operations, Missouri American Water. "Wise water use is not just about ...

Group 1: Company Overview - American Water Works Company, Inc. (AWK) is the largest investor-owned water and wastewater company in the US, serving approximately 4 million customers across 14 states [5] Group 2: Recent Acquisition - New Jersey American Water, a subsidiary of American Water, has agreed to purchase the Hopewell Borough water system for $6.4 million, with the sale approved by 58% of Hopewell voters in a November 2025 referendum [3] - The Hopewell system serves over 880 customer connections, and American Water has been supplying a significant amount of Hopewell's water through a bulk water agreement for many years, ensuring a smooth transition [3] - The company plans to invest in the Hopewell system to repair outdated infrastructure, eliminate lead service lines, improve reliability, and maintain reasonable prices [3] Group 3: Analyst Ratings and Market Outlook - Barclays analyst Nicholas Campanella maintained an Underweight rating on AWK shares and reduced the price target from $134 to $122 as part of the utilities sector projection for 2026 [4] - Barclays has a strong outlook for the utilities industry, describing 2026 as a year of execution and defense due to increased spending commitments and positive adjustments to earnings expected to follow [4]

SAN JOSE, Calif., Dec. 22, 2025 (GLOBE NEWSWIRE) -- H2O America (NASDAQ: HTO), a leading investor-owned, pure-play water and wastewater utility, today announced the appointment of Nicholas Whitley as vice president of business development, effective December 22. In this role, Whitley will lead H2O America’s business development initiatives, including the identification, evaluation and execution of strategic growth opportunities that expand the company’s water and wastewater footprint and support long-term, ...

New Jersey American Water to Invest $7 Million in Infrastructure in First Five Years CAMDEN, N.J., Dec. 18, 2025 /PRNewswire/ -- New Jersey American Water announced today it signed an agreement to acquire the water system in Hopewell Borough for $6.4 million. This announcement follows a referendum vote in November of 2025 in which 58% of Hopewell voters approved the sale of the system. The Hopewell water system serves over 880 customer connections. "We are honored to earn the trust of Hopewell Borough and i ...

West Virginia's Water and Wastewater Infrastructure Received Low Marks from ASCE CHARLESTON, W.Va., Dec. 17, 2025 /PRNewswire/ --Today, the American Society of Civil Engineers (ASCE) released its 2025 Report Card for West Virginia's Infrastructure. Drinking water infrastructure in the state received a D+, with wastewater infrastructure receiving a D. Scott Wyman, President of West Virginia American Water, issued the following statement in response: "West Virginia's lagging infrastructure grades are a clear ...

This marks California American Water's ninth acquisition in the past five years, adding more than 13,000 new water and/or wastewater customers since 2020. SAN DIEGO, Calif., Dec. 9, 2025 /PRNewswire/ -- California American Water announced today that it has completed its acquisition of the Yerba Buena Water Company water system. The purchase of the system, which serves approximately 250 customers, was previously approved by the California Public Utilities Commission (CPUC) and reflects California American Wa ...