Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Income and Total Comprehensive Income

v3.20.1
Condensed Consolidated Statements of Income and Total Comprehensive Income - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Total revenues $ 96,594 $ 191,324
Expenses:    
Salaries and related employee expenses 10,620 6,464
Water service-related expenses 6,780 4,578
General and administrative expenses 2,959 2,142
Legal and professional fees 2,358 1,783
Depreciation, depletion and amortization 3,335 1,204
Total operating expenses 26,052 16,171
Operating income 70,542 175,153
Other income 826 393
Income before income taxes 71,368 175,546
Income tax expense (benefit):    
Current 14,022 14,548
Deferred (55) 21,000
Total income tax expense 13,967 35,548
Net income 57,401 139,998
Other comprehensive income — periodic pension costs, net of income taxes of $4 and $2, respectively 13 9
Total comprehensive income $ 57,414 $ 140,007
Weighted average number of Sub-share Certificates outstanding (in shares) 7,756,156 7,759,808
Net income per Sub-share Certificate — basic and diluted (in dollars per share) $ 7.40 $ 18.04
Cash dividends per Sub-share Certificate (in dollars per share) $ 16.00 $ 6.00
Oil and gas royalties    
Revenues:    
Total revenues $ 42,360 $ 33,213
Easements and other surface-related income    
Revenues:    
Total revenues 26,267 31,367
Water sales and royalties    
Revenues:    
Total revenues 26,967 22,983
Land sales    
Revenues:    
Total revenues 900 103,625
Other operating revenue    
Revenues:    
Total revenues $ 100 $ 136