v3.26.1
CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Lease revenue $ 6,823 $ 7,241 $ 13,536 $ 14,313
Mining royalty and rents 4,066 3,609 7,783 6,843
Joint venture management fee revenue 194 0 358 0
Total revenues 11,083 10,850 21,677 21,156
Cost of operations:        
Depreciation/depletion/amortization 2,923 2,726 5,765 5,333
Operating expenses 1,972 2,580 4,102 4,439
Property taxes 1,042 1,002 2,067 1,940
General and administrative 3,687 2,885 7,772 5,462
Total cost of operations 9,624 9,193 19,706 17,174
Total operating profit 1,459 1,657 1,971 3,982
Investment income 1,237 2,348 2,925 4,909
Interest expense (701) (824) (1,409) (1,519)
Equity in loss of joint ventures (2,419) (2,379) (5,034) (4,410)
Income (loss) before income taxes (424) 802 (1,547) 2,962
Provision for income taxes (80) 178 (282) 704
Net income (loss) (344) 624 (1,265) 2,258
Income (loss) attributable to noncontrolling interest (85) 46 (319) (30)
Net income (loss) attributable to the Company $ (259) $ 578 $ (946) $ 2,288
Earnings per common share:        
Net income attributable to the Company- Basic (in dollars per share) $ (0.01) $ 0.03 $ (0.05) $ 0.12
Net income attributable to the Company- Diluted (in dollars per share) $ (0.01) $ 0.03 $ (0.05) $ 0.12
Number of shares (in thousands) used in computing:        
Basic earnings per common share (in shares) 19,035 18,966 19,026 18,957
Diluted earnings per common share (in shares) 19,058 19,016 19,044 19,017