Pure Cycle Q1 Earnings Call Highlights

Pure Cycle reiterated its fiscal 2026 guidance range of 26millionto26 million to 30 million in revenue and 0.43to0.43 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 ...