Mark Harding, CEO Of Pure Cycle Says "Was A Record 2024 YTD Water Sales To Oil And Gas Customers With A Continued Strong Outlook For The Second Half Of 2024"
Portfolio Pulse from Benzinga Newsdesk
Pure Cycle Corporation (PCYO) CEO Mark Harding announced record year-to-date water sales to oil and gas customers for 2024, with a positive outlook for the second half of the year. Additionally, the company's Sky Ranch Master Planned community is expanding rapidly, with three phases of lot development currently under construction. This expansion includes the completion of approximately 211 lots in Phase 2B and significant progress on 228 lots in Phase 2C.
April 10, 2024 | 8:06 pm
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Pure Cycle Corporation (PCYO) sees record water sales to oil and gas customers in 2024, with a positive outlook for continued growth. The expansion of the Sky Ranch community signifies strong development progress and potential revenue increase.
The announcement of record water sales to oil and gas customers indicates a strong demand for Pure Cycle's services, likely leading to increased revenue. The expansion of the Sky Ranch community, with significant lot development, suggests a robust growth trajectory in the real estate segment. Both factors combined provide a positive outlook for the company's financial performance, potentially leading to a positive impact on the stock price in the short term.
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