Pure Cycle's Corporate Customers have recorded an advance in their cost of revenue by 3.03 % in the 3 quarter 2026 year on year, sequentially costs of revenue were trimmed by -12.64 %. During the corresponding time, Pure Cycle Corporation recorded a revenue increase by 59.96 % year on year, sequentially revenue grew by 59.06 %. While revenue at the Pure Cycle Corporation's corporate clients recorded rose by 34.01 % year on year, sequentially revenue grew by 21.99 %.
Pure Cycle's Customers have recorded an advance in their cost of revenue by 3.03 % in the 3 quarter 2026 year on year, sequentially costs of revenue were trimmed by -12.64 %, for the same period Pure Cycle Corporation recorded revenue increase by 59.96 % year on year, sequentially revenue grew by 59.06 %.
Pure Cycle's Comment on Sales, Marketing and Customers
Our wholesale water and wastewater sales to the District pursuant to the Rangeview
Water Agreements accounted for 19%, of our total water revenues for the years
ended. The District has one significant customer, the Ridgeview Youth Services
Center ("Ridgeview"). Pursuant to our Rangeview Water Agreements with
the District, we are providing water to Ridgeview on behalf of the District. Ridgeview
accounted for 16%, of our total water revenues.
Our wholesale water sales directly and indirectly to ConocoPhillips accounted
for approximately 75%, of our total water revenues.
Water Customers – When we develop, operate and deliver water service,
payments from customers generate royalties to the Land Board at a rate of 12%
of gross revenues from private customers and 10% from public entity customers.
In the event that either (i) metered production of water used on the Lowry Range
in any calendar year exceeds 13,000 acre feet or (ii) 10,000 surface acres on
the Lowry Range have been rezoned to non-agricultural use, finally platted and
water tap agreements have been entered into with respect to all improvements
to be constructed on such acreage, the Land Board may elect, at its option,
to receive, in lieu of its royalty of 10% or 12% of gross revenues (depending
on whether the customer is public or private), 50% of the collective net profits
(ours and the Districts) derived from the sale or other disposition of water
on the Lowry Range. To date neither of these conditions has been met and such
conditions are not likely to be met any time soon. In addition to royalties
on the sale of metered water deliveries, the Land Board will receive a royalty
on the sale of water taps at the rate of 2%, except for the sale of any taps
to Sky Ranch, of the gross amount received from the sale of a water tap.
Sale of Water Rights – In the event we sell our Export Water right outright
rather than developing and delivering water service, royalties to the Land Board
escalate based on the amount of gross revenue we receive and are lower for sales
to a water district or similar municipal or public entity.
Pure Cycle’s Comment on Sales, Marketing and Customers
Our wholesale water and wastewater sales to the District pursuant to the Rangeview
Water Agreements accounted for 19%, of our total water revenues for the years
ended. The District has one significant customer, the Ridgeview Youth Services
Center ("Ridgeview"). Pursuant to our Rangeview Water Agreements with
the District, we are providing water to Ridgeview on behalf of the District. Ridgeview
accounted for 16%, of our total water revenues.
Our wholesale water sales directly and indirectly to ConocoPhillips accounted
for approximately 75%, of our total water revenues.
Water Customers – When we develop, operate and deliver water service,
payments from customers generate royalties to the Land Board at a rate of 12%
of gross revenues from private customers and 10% from public entity customers.
In the event that either (i) metered production of water used on the Lowry Range
in any calendar year exceeds 13,000 acre feet or (ii) 10,000 surface acres on
the Lowry Range have been rezoned to non-agricultural use, finally platted and
water tap agreements have been entered into with respect to all improvements
to be constructed on such acreage, the Land Board may elect, at its option,
to receive, in lieu of its royalty of 10% or 12% of gross revenues (depending
on whether the customer is public or private), 50% of the collective net profits
(ours and the Districts) derived from the sale or other disposition of water
on the Lowry Range. To date neither of these conditions has been met and such
conditions are not likely to be met any time soon. In addition to royalties
on the sale of metered water deliveries, the Land Board will receive a royalty
on the sale of water taps at the rate of 2%, except for the sale of any taps
to Sky Ranch, of the gross amount received from the sale of a water tap.
Sale of Water Rights – In the event we sell our Export Water right outright
rather than developing and delivering water service, royalties to the Land Board
escalate based on the amount of gross revenue we receive and are lower for sales
to a water district or similar municipal or public entity.
Sources:
Pure Cycle Corporation’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Pure Cycle Corporation’s corporate clients.
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