Quarterly report pursuant to Section 13 or 15(d)

Business Segment Reporting (Tables)

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Business Segment Reporting (Tables)
 3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Schedule of Segment Financial Results
The following table presents segment financial results for the three months ended March 31, 2024 and 2023 (in thousands):
Three Months Ended
March 31,
2024 2023
Revenues:
Land and resource management $ 111,485  $ 104,023 
Water services and operations 62,657  42,339 
Total consolidated revenues $ 174,142  $ 146,362 
Net income:
Land and resource management $ 80,971  $ 65,343 
Water services and operations 33,446  21,225 
Total consolidated net income $ 114,417  $ 86,568 
Capital expenditures:
Land and resource management $ 51  $ 175 
Water services and operations 5,611  3,598 
Total capital expenditures $ 5,662  $ 3,773 
Depreciation, depletion and amortization:
Land and resource management $ 693  $ 618 
Water services and operations 3,147  2,786 
Total depreciation, depletion and amortization $ 3,840  $ 3,404 
Schedule of Total Assets and Property, Plant and Equipment
The following table presents total assets and property, plant and equipment, net by segment as of March 31, 2024 and December 31, 2023 (in thousands):
  March 31,
2024		 December 31,
2023
Assets:    
Land and resource management $ 1,069,160  $ 975,136 
Water services and operations 190,010  181,262 
Total consolidated assets $ 1,259,170  $ 1,156,398 
Property, plant and equipment, net:    
Land and resource management $ 5,179  $ 5,322 
Water services and operations 87,021  84,265 
Total consolidated property, plant and equipment, net $ 92,200  $ 89,587