Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Income and Total Comprehensive Income

v3.21.1
Condensed Consolidated Statements of Income and Total Comprehensive Income - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues:    
Total revenues $ 84,155 $ 96,594
Expenses:    
Salaries and related employee expenses 9,979 10,620
Water service-related expenses 3,298 6,780
General and administrative expenses 2,806 2,959
Legal and professional fees 2,212 2,358
Depreciation, depletion and amortization 3,838 3,335
Total operating expenses 22,133 26,052
Operating income 62,022 70,542
Other income, net 5 826
Income before income taxes 62,027 71,368
Income tax expense (benefit):    
Current 12,122 14,022
Deferred (147) (55)
Total income tax expense 11,975 13,967
Net income 50,052 57,401
Other comprehensive income — periodic pension costs, net of income taxes of $8 and $4, respectively 28 13
Total comprehensive income $ 50,080 $ 57,414
Weighted average number of Sub-share Certificates outstanding (in shares) 7,756,156 7,756,156
Net income per Sub-share Certificate — basic and diluted (in dollars per share) $ 6.45 $ 7.40
Cash dividends per Sub-share Certificate (in dollars per share) $ 2.75 $ 16.00
Oil and gas royalties    
Revenues:    
Total revenues $ 49,533 $ 42,360
Water sales    
Revenues:    
Total revenues 12,956 26,967
Produced water royalties    
Revenues:    
Total revenues 12,549 12,506
Easements and other surface-related income    
Revenues:    
Total revenues 9,047 13,761
Land sales    
Revenues:    
Total revenues 0 900
Other operating revenue    
Revenues:    
Total revenues $ 70 $ 100