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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Lease revenue $ 7,086 $ 7,434 $ 21,399 $ 21,850
Mining royalty and rents 3,689 3,199 10,532 9,393
Total revenues 10,775 10,633 31,931 31,243
Cost of operations:        
Depreciation/depletion/amortization 2,825 2,551 8,158 7,629
Operating expenses 3,304 1,860 7,743 5,429
Property taxes 955 850 2,895 2,517
General and administrative 2,328 2,289 7,790 6,883
Total cost of operations 9,412 7,550 26,586 22,458
Total operating profit 1,363 3,083 5,345 8,785
Net investment income 2,369 2,304 7,278 8,795
Interest expense (739) (742) (2,258) (2,482)
Equity in loss of joint ventures (2,225) (2,839) (6,635) (8,582)
Income before income taxes 768 1,806 3,730 6,516
Provision for income taxes 203 427 907 1,743
Net income 565 1,379 2,823 4,773
Income (loss) attributable to noncontrolling interest (97) 18 (127) 67
Net income attributable to the Company $ 662 $ 1,361 $ 2,950 $ 4,706
Earnings per common share        
Net income attributable to the Company- basic (in dollars per share) [1] $ 0.03 $ 0.07 $ 0.16 $ 0.25
Net income attributable to the Company- diluted (in dollars per share) [1] $ 0.03 $ 0.07 $ 0.16 $ 0.25
Number of shares (in thousands) used in computing        
Basic earnings per common share (in shares) [1] 18,976 18,887 18,963 18,877
Diluted earnings per common share (in shares) [1] 19,026 18,972 19,023 18,967
[1] Adjusted for the 2 for 1 stock split that occurred in April 2024