| Schedule of Segment Financial Results |
The following table presents segment financial results for the three and six months ended JuneÌý30, 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 |
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2024 |
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2023 |
| Revenues: |
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| Land and resource management |
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$ |
104,032Ìý |
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$ |
101,320Ìý |
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$ |
215,517Ìý |
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$ |
205,343Ìý |
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| Water services and operations |
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68,302Ìý |
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|
59,289Ìý |
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|
130,959Ìý |
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|
101,628Ìý |
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| Total consolidated revenues |
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$ |
172,334Ìý |
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$ |
160,609Ìý |
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$ |
346,476Ìý |
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$ |
306,971Ìý |
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| Net income: |
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| Land and resource management |
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$ |
80,129Ìý |
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$ |
69,633Ìý |
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$ |
161,100Ìý |
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$ |
134,976Ìý |
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| Water services and operations |
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34,460Ìý |
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|
30,760Ìý |
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|
67,906Ìý |
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51,985Ìý |
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| Total consolidated net income |
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$ |
114,589Ìý |
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$ |
100,393Ìý |
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$ |
229,006Ìý |
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$ |
186,961Ìý |
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| Capital expenditures: |
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| Land and resource management |
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$ |
93Ìý |
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$ |
(31) |
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$ |
144Ìý |
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$ |
144Ìý |
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| Water services and operations |
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6,406Ìý |
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|
1,402Ìý |
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|
12,017Ìý |
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|
5,000Ìý |
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| Total capital expenditures |
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$ |
6,499Ìý |
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$ |
1,371Ìý |
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$ |
12,161Ìý |
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$ |
5,144Ìý |
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| Depreciation, depletion and amortization: |
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| Land and resource management |
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$ |
813Ìý |
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$ |
912Ìý |
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$ |
1,506Ìý |
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$ |
1,530Ìý |
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| Water services and operations |
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3,280Ìý |
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|
2,981Ìý |
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|
6,427Ìý |
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|
5,767Ìý |
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| Total depreciation, depletion and amortization |
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$ |
4,093Ìý |
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$ |
3,893Ìý |
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$ |
7,933Ìý |
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$ |
7,297Ìý |
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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 JuneÌý30, 2024 and December 31, 2023 (in thousands):
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| Ìý |
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June 30,
2024 |
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December 31,
2023 |
| Assets: |
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Ìý |
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Ìý |
| Land and resource management |
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$ |
1,122,656Ìý |
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$ |
975,136Ìý |
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| Water services and operations |
|
193,135Ìý |
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|
181,262Ìý |
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| Total consolidated assets |
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$ |
1,315,791Ìý |
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$ |
1,156,398Ìý |
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| Property, plant and equipment, net: |
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Ìý |
|
Ìý |
| Land and resource management |
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$ |
5,072Ìý |
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$ |
5,322Ìý |
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| Water services and operations |
|
90,439Ìý |
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|
84,265Ìý |
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| Total consolidated property, plant and equipment, net |
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$ |
95,511Ìý |
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$ |
89,587Ìý |
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