you. Thank
welcome our to earnings year-end all call. you like fiscal to XXXX I’d
We slide have presentation. housekeeping do Some matters. a deck this for
So presentation. year-end Investor track I to you on deck along that see if and at you slide then you if the work you show purecyclewater.com, follow fiscal there our a as go and and through with tab website the me will the then slides you’ll into log can
of transition the as I’ll try the So note through progress presentation. slides the and we
with our of some the So references our first which forecasts forward-looking filings is is our that, our which Safe which some had we that include that slide, statement discussions today. actual and also – in just slide, a we’ll start forward-looking recently statement, Harbor this with the presentation, reports second is will second which
So of Harbor I think most statement. are familiar Safe the with you
activity specific kind some our assets get accomplish down just the for for we do what revenue of overview the for from what of then it the forward to drill the to get where and quick as like company, look time, first hope is brief the to or I’d company some of overview give you of we is of What a a do, and kind year-end to to going listening maybe on we’re that new in those in XXXX.
water-short segments. two substantial utility really a at revenue generate that they water at business DNA region. of from while a a different water-in portfolio have we’re We segments And two level, distinct owns
long use identify Planned developed interstate. on in of the most as Community, Denver attractive It’s land what what we and side, utility addition a really area. do we metropolitan to the the primary submarkets one we also Master mixed In
deliver also amount and two interests finally our some the – front gas the And portion then gas from a oil oil corridor, some we one interstates And is of a that we bisect and property. mineral to where I-XX through which have that is royalties significant generate some cross industry. we from oil gas leaks. city, of East-West, the water own which then we revenue and We
XX,XXX everything about use we supply use we that That we do, have water. or domestic water portfolio sales. water customers we we feet industrial in acre to of for that So provide water or irrigation almost our that whether
use water outdoor facilities, each we to wastewater collect water home through collect wastewater business. If resource that to treat reclamation us then the wastewater you through our to customers We as that and that of move at it, supply. treat that it for itself. irrigation or Slide utility, of deliver reuse meter that we a diversion will back. that our a that store this They we the and customers, cradle to we structures, we water distribute produce overview a as We that an it, own to They we we where purposes. on pay water kind look back. X, water and water individual of for pay us water our grave, wells We
So are reuse a system. we use really and
that advanced be water through flow through So processes. systems an look irrigation us directly but our system, to reuse credit come return don’t those and to we to back flows return treatment use able
overview the Slide assets, water X, X of give of amount utility If will you move an the water. of you kind to Slide
XX,XXX We acre have water. about of feet
number have wells. aquifer wells We of deeper a surface and
water water and storage raw have treated storage, both storage. We
in you water distribution We accompanies a of miles have a number utility. that two reclamation would normally and facilities, water lines, and stations everything of pump find what
entire reach the of Arapahoe sort span County assets of Our the area.
service of service being of and County areas have we’re and franchise developing Land what area Range then on exclusive as XX we So State we’re miles property really with called the XX,XXX the more Sky working than width Ranch. that Arapahoe to own of well as Lowry acres the property about at
How generate on a through paid one we side onetime utility If and our we Slide fee, water wastewater get connection systems. revenue generate move our connect sources; two X, to the revenue? we so is you to to
Our water about connection fees connection $XX,XXX and about sewer our are are $X,XXX. fees
connection what the business a combined single about amount to they Whether family connection, of standard or that residential water we a and we the be that to recurring connection revenue. add. all So per get connection would $XX,XXX be that a is equate for home then we out
from that that annual sort connection is we about get look if – serve with connections capacity we water per get per year and about can sewer year per our we XX,XXX and have, So water wastewater year per annuity we $X,XXX water And excuse connection. you estimate that of delivering per $XXX this that the at $X,XXX service. portfolio. We about me,
a connection kind you both the the of in as as gives of terms charges well usage charges. annual line capacity that top So
got miles the XXX about X a miles wrong about my If of about Slide Sky is interstate. the XX I’ve the that half to sure is do of South Sky overview of International development we kind East along – own. Denver along X that. move a our Denver, got think you want Make Downtown right mile Ranch I’ve It’s I’m Airport. land numbering We to about acres Ranch, here. I frontage directly property sorry, got segment. Slide located a It’s X, What own interstate. I of
space retail Our about million along light residential of the for X.X interstate. about zoning is units X,XXX and square industrial feet commercial
to in how that connections translate world, us many into serve. try allow will And that our and we
area. absorption do in to other about a lots It’s to worth, differently of land the square per So They square and develop for where we that look terms commercial then land to price you X,XXX service connections bit can you for how that little likely water terms development monetize we that like lots use us. that number We X,XXX lots translate of will a connections, see property commercial. at good that and kind also that then can in that the in as at way look that residential alone in being you connections of feet not correlate outlet. of a as would X,XXX commercial may may foot that go the
The We’ve next one slide, access Denver of employment where near one communities the in at in that attractive It’s metro areas in land development. we’re the can terrific area. Denver submarket. kind provide of find metropolitan transportation most of define in centers. got major the affordable ourselves families, the We more
our they can build or in, entry ranging anywhere X,XXX that target families where level back about with open of lots a the buy product feet can for special come of and $XXX,XXX. level in prices our homes from area our on so walkout maybe some X,XXX And of – are tri-level metro market basement feet, entry the areas, is really to a square at up some buyer, are Denver square
most Communities So the affordable one region. Planned Master this is the in of
Communities. they the all And update it because is the with what Denver slide. recently what’s tracking the they last next wanted the two area’s quarterly MSA, the there Master information I here include updates they I What estate metropolitan study the in just subscribed came Metrostudy to come Communities And a called the area. Master some is on do in they Planned Greater in Master in does Planned real the was quarterly top out and in about wanted happening to weeks. relate market we And reported service with some to with statistics Moving a statistics Communities. and out the XX to you for did to Denver share Planned Denver
statistics Communities the of are interesting the What nearly are Master Planned of the Master most Communities. of built And out. Planned seeing they’re these maturity is majority these
that can built And real Master so is of really Planned that’s top here. Community of XX kind out. them of And all the lack stunning are there’s and XX% than what see new they of you the top find and a statistic XX more starting a
If XX, to are out. get those average be to maybe next XX% going the built to you out
Crossing red location. be actually our out We’d at Tollgate Traditions indication. been for this Planned in what in look new right-hand towards that Plans those there, page. all really start slow of neighboring if and graphic and year. really which – are that’s Reach, there’s graphic Master these Master means as an going And area our closing next Planned So those there kind Master you is Tallyn’s are the kind that of is That Communities. to Communities Communities you at And that Planned so this to that it’s Ranch right start submarket, to bubble area, side Sky the are other give that will of is just of of look Master these bubble light
at And this our online to so in very timely the overall market submarket this time. seems particular and bringing be product
to a stunning with was So I share to statistic be want that you released. that just did I recently that because found
So for increasingly water and annexations go let highlights land some the the new But and creates detail segment you that property how anytime Denver do add demonstrate about we little look me before not the more only legacy it development there and land utility to far for at a what side zoning in segment. we water becomes not that for that use that front bit the really to and availability. only what of and value that the difficult value in the also the to to have water our annexed one also metropolitan entitlements. water one but a existing land, you the areas may statistics area, of relationship tie up an at area, you And is in is you the do, right a to land any thing were dilemmas face as have have water look want in land we really and availability
can. inventories develop whether large they’re advantage. we as so manage two much our on a and big, – both, how to to in available you delivery inventories to concurrently online, those allows both how you capacity community how investments, or allows It system, lots a water such of where much basis on water in many basis of capacity our can optimize that’s a And you ability you of system very those utility, as on the the and in bring a then water our have both ability on control investments manage delivery us build nice those gives land scale real-time utilities wastewater we to concurrent with because our we
per Ranch, at – connections a taking our the the $XX,XXX million tap represents per $X,XXX in In Sky revenue and $XXX $XXX about And revenue, million water take that wastewater $X.X those revenue. in fee, of just connection water the And that about look at we year-over-year we this water year. where connections, million tap control. tap then per generates wastewater so fee utility, X,XXX what is combined serving $XXX got in revenue connection million it’s about and X,XXX fee from
we utility vertically the We’re own own we of delivery so and that those land, the this, customers. water water integrated to in
deliver component the developers synergistic for time that’s in that third-party So waiting not we’re significant for to to the the very where the market utility capacity the waiting demand to for developer be deliver deliver to that for Very utilities. a that on market, and deliver able not in a relationship. and continue us in to and land
better on builder’s Now Slide about of as of classify our have, we’ve we delivery projections. well bit forecasted, rollout. our let’s of opening, the a done very first to the talk I three little of phase all first this and on probably guess ahead move I What than XX kind
to in well And we’re with also what and not but very our thing, this pleased have to sure contractors make house, doing subcontractors delivery in our only delivering so in as the of all utility development we’re of that as land side the managing results team’s that project the side. we’re our the lots, aspects worked hard very and on this
lots. of fully And lots, so today, That’s to we’ve this. have that’s approximately as and attributable lots XXX finished delivered finished everything
with contracts XX finished and plotted for another have water builders. types utility we So full lots lots. the we’ve And lots. then our paid two And of been
where lot, full lot other progress the of a get for just building We on to our finished us for. ready two one us to pay permit basis. the builders have a our And one payment contract pays builders build, finished then ready
pays one we’ve of builders us that. And so the that with is and lots milestone two XX that deliveries gotten of
since that fiscal of deliver what kind the did we XXX, As this of is done year-end. but year-end, we’ve really fiscal
got going amount we’ve year. this in a on So segment the land tremendous finishing of calendar and activity out
and taps. got and addition application. tap The wastewater builders wastewater their of In which we’ve building got building water must to pay deliveries, XXX water permits, means time at the we’ve XXX the
connection of in we’re got fee And So number probably seeing nice dozen just finished a sales, a completely really we’ve and tap of homes occupied. the because revenues. absorption our
residents have homes construction. there and we plus So under nearly XX out
be absorption the month, or eight on or depending so less And a this little a homes bit about builders. needs on to more seven the
really with absorption, as so asked us have forward deliveries that of as all three our our kind And we can. to of quickly lot roll builders
lots some contractual that as end being takedown lots and may and XXXX. had all maybe complete should far as are of our the And a so XXXX, rolled year by have forward we of of fiscal out
going remaining. we’re to roll So the
finished XXXX. at look XXX have you other our year-end roll end the we by of finished If We’ll forward August XXX report, lots. lots the
in bit area. home occurring next move to little sales is some there’s of very the our fluid And you what’s number. you a a kind If aerial of gives It a of metric. slide, the shots
we As XX homes were reporting approximately of sold. year-end,
number probably eight we’re per This of per I close to builder And defines averaging to now. kind sales. month. closer up think XXX is that the homes lot six,
we from lots. the on depending our and size builder lot of paid our average the and contracts of builder that’s on So location about customers, XX,XXX, the home get the for
municipal in public drainage constructing are taxing to They’re entails roads, addition reimburse turned home developed that for those with that reimbursables. we public what we municipality improvements, include for and bonds another by And have the ways, to reimbursables. we and they are which will what have then the issue to of And we a a us. us collect portion from qualify gutters. improvement entity And builders, curbs those And governmental is public improvement reimbursable. over entity
of from – improvements total So public revenue the the to on if we bonds. portion and being you lot that they take about some that, And development a lot. received closer this comes a a issue that municipal $XX,XXX, at $XXX,XXX land segment, sales look when that’s those from
light the first stand bit larger office take we – in to at bit, a you because bit look a if at we see be little about this drain improvements might because a little bit public with low phase because the that weighted more bit drainage little had So is $XX infrastructure. million, look phase, a a spot. this little site We were little we might first infrastructure a some in the
reclamation to to being started going that So be. low that with wanted the we spot we be wastewater where facility’s
bit higher investment so that. in And a we little had
So a to we’ll extra see little bit maybe attributable revenue that.
as money up as bit get maybe much we’ll little So a first from weighted our some builders $XX as million more of the public because of in to to investment well more in that infrastructure. phase $XX as closer money, million
billion. would that equate if $X.X you units, the X,XXX we kept be about if then the out And to number same, that price all
I start think we do successful leverage. pricing thing. have got a some We’ve very this to
very doing builders think well. home the are I
that we’ve And that now sharper we’ll little through in the look so established a next our – take phase pencil a market.
if we’re turn the well to I’ll phase, and which additional going to Slide phase, commercial. units next residential the in will take talk as about of XX, that as be Speaking next you
to product It’s and it’ll because really that have and range there. this product types of XXX So segmentation the first where we’re attached inventory commercial includes have the detached too acres in inventorying might we phase homebuilders three-year of inventorying And there, maybe more retail, builder to three number six here. that may the some that XXX as they’re want that which be light of multi-family per shaded builders holding industrial. some level diversify to offerings uses keep product, five capacity. the not product next have XXX in not single-family about different about multiple so in some two- in much that depending aside single-family We’ll maybe area of phase then we and acres, and and We on many of or acres, interest. some
for of XXX in space It’ll square kind we’re of the terrific area, lot, all maybe a foot. million and then at that So to square selling because or of commercial we’re maybe opportunity a a as feet opposed that land space. residential X.X by the while absorb, presents total but looking that some to XXX take in the commercial this selling units
in In attractive So as many mechanism second may equivalent as connections. of that’s we single-family seeing an X,XXX be for our that. this us phase, some to X,XXX
in So the that that equate the pairing some fees. out would water we terms how tap give you of in terms – of
page, next activities. XX, we’ll talk oil a some the little to our on gas Moving bit Slide about and of
got oil interest for shale We’ve for of So area purposes. Niobrara the we as water do formation. here known and a oil gas provide fracking industry that’s the
a it’s infrastructure it has area. and more about very of $X this the and tremendous the in developing capacity. leasing, is our water spent lot shale prolific area pipelines a sits So this and rock interesting is. exploring, top right wells have on in oil where billion Operators than And it thing
looking effective our it’s pad So us cost way from obtain to to very for transfer supplies, for water water a their sites. operators to system
So on are we intensive because water. it’s water There are active, relationship use very long good of that. a very water
XXX been beginning I’d just wells probably and that’s to very drilled of a the very, about date say field. There’s
And a they’re collection XXX oil gas getting has have square been wells there, been lot miles money over when that’s this. and really you and look on out so And XXX of started systems. just spent spent at that on
and field. confident a with yield the very the it’s confidence this So rich the put oil oil that of they’ve play very that in of that investment – there they’re
When and this amount Getting of a on a talk for they’re using being these bit about next I’ll a sort a supplying water spacing the bit little tremendous ahead, play. water. stack slide, we’re of fracs, but pat little more
for $XXX,XXX million water for frac of And well. usually about designs generates that are they about the XX their that well So to the company they do. per gallons or every every fracs that current
to and water in really field of have this different that operators. in We for see really as sales So opportunity drill for to foreseeable extend opportunity look operators be and to probably now as This that we’re area decade’s to four could the continue this this multiple to excited us they worth expect have as we field. service future. in many continue
of move to the some on let’s number So crunching.
years, Cycle. of is about million, a almost tipping than those for the candidly million moving revenues and you XXXX%. say our increased more We following then to Pure company XXX%, of For so $XX $XX point are be that XXXX, income number for a almost I’d to increased our $X going million a from little
– So to in $X in XXXX million, from XXXX. we’re million moving $XXX,XXX more modest was $X revenue five what in than almost
in at those coming for in substantial from, XXX the Taking deliver revenues lots where of development delivery to lots the remaining a look land we down XXXX. revenues break expect segment, these are
if of take be on may look our So $XX that million year. a $XX you that runway $XX,XXX, of coming average for million, fiscal at price worth
the fiscal probably we’d then, at well. We’ve XXX of revenue, I’d as had tap a say XXX municipal Since look take year-end we total taps. of about a taps. quite done at Taking a look
continues along. sales, for is XXX taps XXXX, for bump If look guidance tortured Colorado industrial the of go to water XXXX. a our And you’re that taking at a looking relationship. kind some for
We’re get companies. trying way oil and in the gas of to
of separate now and independent to oil ability jurisdictions and their down and Colorado of gas for gas the the wells the so pushed legislature where the local regulate regulatory opportunities And commission. state some oil
bit So permit seeing a we’re to it’s little wells. what is longer
that’s in oil friendly. we ourselves gas a find Fortunately, and county
of one a what we XXXX. we’ll and we in with was maybe XXXX, think think, that XX opportunity. one in dedicated wells number the did softening I area. But sort be did for see, presents XXXX, probably operator or and at a while probably the for you’re this next forecast But we’ll of rigs did XX field, maybe So well what more think see XX maybe say, of in years that to over little that we think us. in XXXX getting I than maybe maybe wells line in two I decades could of I is so this sort looking each and you number And substantial
our and about $XX,XXX oil a we then And are gas generating month. royalties, still
have got pad wells. but modest, into site grant our only the relatively we that still and we’ve one for well did So a relationship XX a operator we an with formation additional
those some construct timelines we’ve and requirements to wells. So some them for got XX
balance the The XX, share two after give on very really per diluted sheets, I’ll we’re Taking of $X.X growing the taxes. that income sheet, total assets you income the the about statement, company. proud income statement, a million share of the XXXX at next income overall look $X.XX a
some And it prepared remarks. so that’ll do up conclude like answers. to kind open the audience of for is I’d the to and What question
how to you and to if So give as some happy in dial be questions, the can moderator questions. instructions some ask take I’d to some
