Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 654,158 $ 510,834
Accounts receivable and accrued receivables, net 126,215 103,983
Prepaid expenses and other current assets 5,105 7,427
Tax like-kind exchange escrow 5,380 6,348
Prepaid income taxes 0 4,809
Total current assets 790,858 633,401
Real estate acquired 130,024 109,704
Property, plant and equipment, net 86,600 85,478
Royalty interests acquired, net 47,213 45,025
Intangible assets, net 21,308 0
Real estate and royalty interests assigned through the 1888 Declaration of Trust, no value assigned:    
Other assets 3,315 3,819
Total assets 1,079,318 877,427
LIABILITIES AND EQUITY    
Accounts payable and accrued expenses 29,027 23,443
Ad valorem and other taxes payable 7,960 8,497
Income taxes payable 4,281 3,167
Unearned revenue 6,102 4,488
Total current liabilities 47,370 39,595
Deferred taxes payable 40,117 41,151
Unearned revenue - noncurrent 25,664 21,708
Accrued liabilities - noncurrent 1,609 2,086
Total liabilities 114,760 104,540
Commitments and contingencies 0 0
Equity:    
Preferred stock, $0.01 par value; 1,000,000 shares authorized, none outstanding as of September 30, 2023 and December 31, 2022 0 0
Common stock, $0.01 par value; 7,756,156 shares authorized and 7,675,994 and 7,695,679 outstanding as of September 30, 2023 and December 31, 2022, respectively 78 78
Treasury stock, at cost; 80,162 and 60,477 shares as of September 30, 2023 and December 31, 2022, respectively (133,852) (104,139)
Additional paid-in capital 12,382 8,293
Accumulated other comprehensive income 2,439 2,516
Retained earnings 1,083,511 866,139
Total equity 964,558 772,887
Total liabilities and equity 1,079,318 877,427
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