Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 609,252 $ 510,834
Accounts receivable and accrued receivables, net 120,771 103,983
Prepaid expenses and other current assets 5,312 7,427
Tax like-kind exchange escrow 2,195 6,348
Prepaid income taxes 0 4,809
Total current assets 737,530 633,401
Real estate acquired 130,024 109,704
Property, plant and equipment, net 84,324 85,478
Royalty interests acquired, net 45,920 45,025
Other assets 3,526 3,819
Real estate and royalty interests assigned through the 1888 Declaration of Trust, no value assigned:    
Total assets 1,001,324 877,427
LIABILITIES AND EQUITY    
Accounts payable and accrued expenses 27,156 23,443
Ad valorem and other taxes payable 6,355 8,497
Income taxes payable 5,151 3,167
Unearned revenue 6,222 4,488
Total current liabilities 44,884 39,595
Deferred taxes payable 40,478 41,151
Unearned revenue - noncurrent 26,638 21,708
Accrued liabilities - noncurrent 1,774 2,086
Total liabilities 113,774 104,540
Commitments and contingencies 0 0
Equity:    
Preferred stock, $0.01 par value; 1,000,000 shares authorized, none outstanding as of June 30, 2023 and December 31, 2022 0 0
Common stock, $0.01 par value; 7,756,156 shares authorized and 7,679,145 and 7,695,679 outstanding as of June 30, 2023 and December 31, 2022, respectively 78 78
Treasury stock, at cost; 77,011 and 60,477 shares as of June 30, 2023 and December 31, 2022, respectively (128,502) (104,139)
Additional paid-in capital 10,582 8,293
Accumulated other comprehensive income 2,465 2,516
Retained earnings 1,002,927 866,139
Total equity 887,550 772,887
Total liabilities and equity 1,001,324 877,427
Land (surface rights)    
Real estate and royalty interests assigned through the 1888 Declaration of Trust, no value assigned:    
Land (surface rights) 0 0
1/16th nonparticipating perpetual royalty interest    
Real estate and royalty interests assigned through the 1888 Declaration of Trust, no value assigned:    
1/16th nonparticipating perpetual royalty interest 0 0
1/128th nonparticipating perpetual royalty interest    
Real estate and royalty interests assigned through the 1888 Declaration of Trust, no value assigned:    
1/128th nonparticipating perpetual royalty interest $ 0 $ 0