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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income $ 2,823 $ 4,773
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 8,627 7,840
Deferred income taxes (33) (1,100)
Equity in loss of joint ventures 6,635 8,582
Gain on sale of equipment and property (16) (27)
Stock-based compensation 1,688 1,613
Net changes in operating assets and liabilities:    
Accounts receivable (208) (780)
Deferred costs and other assets (543) 552
Accounts payable and accrued liabilities 3,875 (806)
Income taxes payable and receivable (1,572) 789
Other long-term liabilities (24) (32)
Net cash provided by operating activities 21,252 21,404
Cash flows from investing activities:    
Investments in properties (34,154) (47,089)
Investments in joint ventures (15,227) (14,219)
Return of capital from investments in joint ventures 19,190 14,428
Proceeds from the equipment and property 16 27
Cash held in escrow 349 (121)
Net cash used in investing activities (29,826) (46,974)
Cash flows from financing activities:    
Proceeds from long-term debt 7,591 0
Debt issue costs (1,379) 0
Distributions to noncontrolling interests (12,613) (2,406)
Contributions from noncontrolling interests 1,208 15,102
Net cash (used in) provided by financing activities (5,193) 12,696
Net decrease in cash and cash equivalents (13,767) (12,874)
Cash and cash equivalents at beginning of year 148,620 157,555
Cash and cash equivalents at end of the period 134,853 144,681
Cash paid during the period for:    
Interest 2,124 2,459
Income taxes $ 2,471 $ 2,067