Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND TOTAL COMPREHENSIVE INCOME (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND TOTAL COMPREHENSIVE INCOME (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Total revenues $ 146,362 $ 147,335
Expenses:    
Salaries and related employee expenses 10,593 9,385
Water service-related expenses 5,656 2,782
General and administrative expenses 3,552 2,967
Legal and professional fees 16,628 1,719
Ad valorem and other taxes 1,574 2,043
Land sales expenses 3 0
Depreciation, depletion and amortization 3,404 4,126
Total operating expenses 41,410 23,022
Operating income 104,952 124,313
Other income, net 5,389 76
Income before income taxes 110,341 124,389
Income tax expense 23,773 26,489
Net income 86,568 97,900
Total other comprehensive income (loss) (25) 8
Total comprehensive income $ 86,543 $ 97,908
Net income per share of common stock    
Net income per sub-share certificate - basic (in dollars per share) $ 11.25 $ 12.65
Net income per sub-share certificate - diluted (in dollars per share) $ 11.24 $ 12.64
Weighted average number of shares of common stock outstanding    
Weighted average number of shares of common stock outstanding - basic (in shares) 7,693,084 7,741,365
Weighted average number of shares of common stock outstanding - diluted (in shares) 7,698,398 7,742,710
Dividend paid per common stock (in USD per share) $ 3.25 $ 3.00
Oil and gas royalties    
Revenues:    
Total revenues $ 89,130 $ 104,172
Water sales    
Revenues:    
Total revenues 21,729 18,820
Produced water royalties    
Revenues:    
Total revenues 20,134 14,870
Easements and other surface-related income    
Revenues:    
Total revenues 14,969 9,192
Land sales and other operating revenue    
Revenues:    
Total revenues $ 400 $ 281