Pure Cycle Corporation (NASDAQ: PCYO) is a Colorado-based water resource management company engaged in the acquisition, development and management of water and wastewater assets. Headquartered in Parker, the company holds substantial rights to Colorado-Big Thompson Project water and develops, finances and operates both potable and recycled water systems. Pure Cycle’s core activities include the planning, design, construction and eventual transfer or operation of water distribution and wastewater collection facilities serving growing residential, commercial and municipal markets along Colorado’s Front Range.
Operating primarily in Douglas County and portions of northern Arapahoe County, Pure Cycle serves homeowners’ associations, municipalities and wholesale water customers in fast‐growing suburban communities such as Highlands Ranch, Castle Rock and Parker. Signature projects include the Prairie Waters residential development, where the company has constructed a full suite of water and sewer infrastructure, and ongoing delivery of treated effluent for landscape irrigation in multi‐use developments. Through its wholly owned subsidiary, the company provides end-to-end service from raw water acquisition through wastewater treatment and reuse, supporting regional growth with reliable, cost-effective water solutions.
Founded in 1970 as Colorado Water Resources and rebranded as Pure Cycle Corporation in 2011, the company successfully completed its initial public offering on the Nasdaq in 2017. Over the decades, Pure Cycle has assembled roughly 171,000 acre-feet of water storage and supply assets, positioning itself to support long-term development along Colorado’s urban corridor. Its management team, led by President and Chief Executive Officer Neal M. Gregorsen, combines technical expertise in hydrogeology, environmental engineering and municipal finance to steward water supplies responsibly and sustainably.
Looking ahead, Pure Cycle seeks to leverage its extensive water rights portfolio and project management capabilities to meet growing demand across the Front Range. The company emphasizes integrated water resource planning, conservation and reuse in its business model, aiming to balance economic growth with environmental stewardship as Colorado communities confront increasingly complex water challenges.
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