| Schedule of Segment Financial Results |
The following table presents segment financial results for the three and six months ended June 30, 2024 and 2023 (in thousands):
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Three Months Ended
June 30, |
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Six Months Ended
June 30, |
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2024 |
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2023 |
|
2024 |
|
2023 |
| Revenues: |
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| Land and resource management |
|
$ |
104,032 |
|
|
$ |
101,320 |
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|
$ |
215,517 |
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|
$ |
205,343 |
|
| Water services and operations |
|
68,302 |
|
|
59,289 |
|
|
130,959 |
|
|
101,628 |
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| Total consolidated revenues |
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$ |
172,334 |
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|
$ |
160,609 |
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|
$ |
346,476 |
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|
$ |
306,971 |
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|
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| Net income: |
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| Land and resource management |
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$ |
80,129 |
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$ |
69,633 |
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|
$ |
161,100 |
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|
$ |
134,976 |
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| Water services and operations |
|
34,460 |
|
|
30,760 |
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|
67,906 |
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|
51,985 |
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| Total consolidated net income |
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$ |
114,589 |
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$ |
100,393 |
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$ |
229,006 |
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$ |
186,961 |
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| Capital expenditures: |
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| Land and resource management |
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$ |
93 |
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|
$ |
(31) |
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|
$ |
144 |
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|
$ |
144 |
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| Water services and operations |
|
6,406 |
|
|
1,402 |
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|
12,017 |
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|
5,000 |
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| Total capital expenditures |
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$ |
6,499 |
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|
$ |
1,371 |
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$ |
12,161 |
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$ |
5,144 |
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| Depreciation, depletion and amortization: |
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| Land and resource management |
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$ |
813 |
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|
$ |
912 |
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$ |
1,506 |
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|
$ |
1,530 |
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| Water services and operations |
|
3,280 |
|
|
2,981 |
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|
6,427 |
|
|
5,767 |
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| Total depreciation, depletion and amortization |
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$ |
4,093 |
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|
$ |
3,893 |
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|
$ |
7,933 |
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$ |
7,297 |
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| 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 June 30, 2024 and December 31, 2023 (in thousands):
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June 30,
2024 |
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December 31,
2023 |
| Assets: |
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| Land and resource management |
|
$ |
1,122,656 |
|
|
$ |
975,136 |
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| Water services and operations |
|
193,135 |
|
|
181,262 |
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| Total consolidated assets |
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$ |
1,315,791 |
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$ |
1,156,398 |
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| Property, plant and equipment, net: |
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| Land and resource management |
|
$ |
5,072 |
|
|
$ |
5,322 |
|
| Water services and operations |
|
90,439 |
|
|
84,265 |
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| Total consolidated property, plant and equipment, net |
|
$ |
95,511 |
|
|
$ |
89,587 |
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