Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND TOTAL COMPREHENSIVE INCOME

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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND TOTAL COMPREHENSIVE INCOME - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues:    
Total revenues $ 147,335 $ 84,155
Expenses:    
Salaries and related employee expenses 9,385 9,979
Water service-related expenses 2,782 3,298
General and administrative expenses 3,000 2,806
Legal and professional fees 1,719 2,212
Ad valorem taxes 2,010 0
Depreciation, depletion and amortization 4,126 3,838
Total operating expenses 23,022 22,133
Operating income 124,313 62,022
Other income, net 76 5
Income before income taxes 124,389 62,027
Income tax expense 26,489 11,975
Net income 97,900 50,052
Other comprehensive income — periodic pension costs, net of income taxes of $2 and $8, respectively 8 28
Total comprehensive income $ 97,908 $ 50,080
Net income per share of common stock    
Net income per sub-share certificate - basic (in dollars per share) $ 12.65 $ 6.45
Net income per sub-share certificate - diluted (in dollars per share) $ 12.64 $ 6.45
Weighted average number of shares of common stock outstanding    
Weighted average number of shares of common stock outstanding - basic (in shares) 7,741,365 7,756,156
Weighted average number of shares of common stock outstanding - diluted (in shares) 7,742,710 7,756,156
Dividend paid per common stock (in USD per share) $ 3.00 $ 2.75
Oil and gas royalties    
Revenues:    
Total revenues $ 104,172 $ 49,533
Water sales    
Revenues:    
Total revenues 18,820 12,956
Produced water royalties    
Revenues:    
Total revenues 14,870 12,549
Easements and other surface-related income    
Revenues:    
Total revenues 9,192 9,047
Land sales and other operating revenue    
Revenues:    
Total revenues $ 281 $ 70