Pure Cycle Corporation ( PCYO ) Q4 2025 Earnings Call November 13, 2025 8:30 AM EST Company Participants Marc Spezialy - VP, CFO & Principal Accounting Officer Mark Harding - President, CEO, Principal Executive Officer & Director Conference Call Participants Greg Vennett Presentation Marc Spezialy VP, CFO & Principal Accounting Officer Okay. Good morning, everyone, and welcome to Pure Cycle's Year End Investor Presentation.
Pure Cycle Corporation (NASDAQ:PCYO ) Q3 2025 Earnings Conference Call July 10, 2025 8:30 AM ET Company Participants Marc Stephen Spezialy - VP, CFO & Principal Accounting Officer Mark W. Harding - President, CEO, Principal Executive Officer & Director Conference Call Participants Elliot Knight - Unidentified Company Marc Stephen Spezialy Good morning, everybody, and welcome to Pure Cycle Corporation's third quarter earnings call.
Pure Cycle has evolved from a water utility to a land developer, leveraging valuable water assets and the Sky Ranch master-planned community for long-term growth. Sky Ranch's expansion offers strong potential, but the company faces slow development timelines and volatile oil and gas revenue streams, adding execution and timing risks. Free cash flow analysis shows Pure Cycle is fairly valued at current prices, with limited near-term upside unless oil and gas receipts rebound significantly.
| Water Utilities Industry | Utilities Sector | Mark W. Harding CEO | NASDAQ (CM) Exchange | 746228303 CUSIP |
| US Country | 39 Employees | - Last Dividend | 26 Apr 2004 Last Split | 2 Jan 1997 IPO Date |
Pure Cycle Corporation is a key player in the water and wastewater management sector, based in Watkins, Colorado, USA. Established in 1976, the company focuses on the design, construction, operation, and maintenance of comprehensive water and wastewater systems primarily within the Denver metropolitan area and the broader Colorado Front Range. Pure Cycle operates through two main segments: Wholesale Water and Wastewater Services, and Land Development. Catering to a diverse client base, the company serves domestic, commercial, and industrial customers, primarily in the Eastern Denver metropolitan region. Through its extensive service offerings and strategic land development initiatives, Pure Cycle Corporation plays a pivotal role in supporting the region's water infrastructure and community development.
This service encompasses the large-scale provision of water through comprehensive processes including the production, storage, treatment, and distribution of potable water. Pure Cycle addresses the critical need for reliable water supply for various purposes, making it a crucial utility provider for the area's residential, commercial, and industrial sectors.
Pure Cycle provides essential wastewater management services, which involve the collection and treatment of wastewater to meet environmental and health standards. This service ensures that the community's wastewater is processed safely, thus contributing to the overall sanitation and public health of the region.
Through its Land Development segment, Pure Cycle is engaged in the development of a large-scale master-planned community. This project involves comprehensive planning and development activities aimed at creating a residential community that offers a high quality of life, with access to essential services and amenities. This initiative showcases Pure Cycle's commitment to enhancing community living standards through strategic land development.
Expanding beyond water and wastewater services, Pure Cycle also ventures into the oil and gas sector through its leasing business. This involves leasing land for oil and gas exploration and production, adding a diversified revenue stream to the company's portfolio and contributing to the energy sector.
As part of its land development projects, Pure Cycle engages in the construction and leasing of single-family homes. This service underscores the company’s role in addressing housing needs in its master-planned community, providing quality homes for families within the developed area.