The company said total revenue for the quarter ended March 31, 2024 rose to $174.1 million from $146.4 million a year earlier, an increase of 19.0%, and net income was $114.4 million, 32.2% higher.

10-QQuarterly reportFiled May 8, 2024Period of report Mar 31, 2024Summary published (UTC) Oct 24, 2026

Key points

AI summary

The company said total revenue for the quarter ended March 31, 2024 rose to $174.1 million from $146.4 million a year earlier, an increase of 19.0%, and net income was $114.4 million, 32.2% higher.
The company said water sales for the quarter rose $15.4 million (70.9%) to $37.1 million, and it cited a 51.3% increase in sales volume as the main factor behind the gain.
The company said oil and gas royalty revenue was $92.1 million ($89.1 million a year earlier). Excluding a $8.7 million settlement with an operator included in the prior-year period, it rose $11.7 million.
The company said net cash provided by operating activities was $147.2 million ($114.8 million a year earlier). As of March 31, 2024, it had cash and cash equivalents of $837.1 million and no debt or credit facilities.

Key figures

Quarter ended March 31, 2024

Revenue: $174M
Operating income: $136M
Net income: $114M
EPS: $4.97
Operating cash flow: $147M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Quarterly Revenue Up 19.0%, Net Income $114.4 million

The company said total revenue for the quarter ended March 31, 2024 rose to $174.1 million from $146.4 million a year earlier, an increase of 19.0%, and net income was $114.4 million, 32.2% higher.

Source · Based on the MD&A text of the filing

Water Sales Up $15.4 million, Sales Volumes Up 51.3%

The company said water sales for the quarter rose $15.4 million (70.9%) to $37.1 million, and it cited a 51.3% increase in sales volume as the main factor behind the gain.

Source · Based on the MD&A text of the filing

Oil and Gas Royalties $92.1 million; Up $11.7 million Excluding Prior-Year Settlement

The company said oil and gas royalty revenue was $92.1 million ($89.1 million a year earlier). Excluding a $8.7 million settlement with an operator included in the prior-year period, it rose $11.7 million.

Source · Based on the MD&A text of the filing

Operating Cash Flow $147.2 million, Cash $837.1 million

The company said net cash provided by operating activities was $147.2 million ($114.8 million a year earlier). As of March 31, 2024, it had cash and cash equivalents of $837.1 million and no debt or credit facilities.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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