| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $144.8M-60.8% | $369.8M-49.0% | $725.2M+42.0% | $510.8M+19.3% | $428.2M |
| Accounts receivable and accrued receivables, net | $164.9M+30.2% | $126.7M-1.8% | $129.0M+24.0% | $104.0M+9.2% | $95.2M |
| Prepaid expenses and other current assets | $5.3M-0.4% | $5.3M+80.6% | $2.9M-60.4% | $7.4M+143.2% | $3.1M |
| Tax like-kind exchange escrow | $595K-61.5% | $1.5M-71.3% | $5.4M-15.2% | $6.3M | $0 |
| Prepaid income taxes | $3.7M | $0 | — | $4.8M | $0 |
| Total current assets | $319.3M-36.6% | $503.4M-41.6% | $862.5M+36.2% | $633.4M+20.3% | $526.5M |
| Royalty interests acquired, net | $840.0M+94.3% | $432.4M+827.7% | $46.6M+3.5% | $45.0M+1.4% | $44.4M |
| Real estate acquired | $179.1M+25.1% | $143.2M+10.1% | $130.0M+18.5% | $109.7M+0.6% | $109.1M |
| Property, plant and equipment, net | $164.5M+34.2% | $122.6M+36.8% | $89.6M+4.8% | $85.5M+7.2% | $79.7M |
| Intangible assets, net | $32.8M-6.7% | $35.2M+67.4% | $21.0M | $0 | — |
| Equity investment | $50.0M | $0 | — | — | — |
| Operating lease right-of-use assets | $13.7M+1076.5% | $1.2M-37.5% | $1.9M-26.3% | $2.5M+38.3% | $1.8M |
| Other assets | $23.7M+134.0% | $10.1M+110.1% | $4.8M+273.1% | $1.3M-49.1% | $2.5M |
| Total assets | $1.62B+30.1% | $1.25B+7.9% | $1.16B+31.8% | $877.4M+14.8% | $764.1M |
| Accounts payable and accrued expenses | $39.6M+46.8% | $27.0M+19.8% | $22.5M-4.0% | $23.4M+30.9% | $17.9M |
| Ad valorem and other taxes payable | $8.9M+5.9% | $8.4M-21.8% | $10.8M+26.6% | $8.5M+8312.9% | $101K |
| Income taxes payable | $4.0M-8.7% | $4.4M-8.5% | $4.8M+51.4% | $3.2M-89.1% | $29.1M |
| Unearned revenue | $20.1M+195.8% | $6.8M+7.4% | $6.3M+41.0% | $4.5M+17.8% | $3.8M |
| Credit facility | $0 | $0 | — | — | — |
| Total current liabilities | $72.6M+55.9% | $46.6M+4.9% | $44.4M+12.1% | $39.6M-22.2% | $50.9M |
| Deferred taxes payable | $54.1M+14.1% | $47.4M+11.9% | $42.4M+3.0% | $41.2M+5.7% | $38.9M |
| Unearned revenue - noncurrent | $21.1M+2.1% | $20.6M-17.5% | $25.0M+15.2% | $21.7M+6.2% | $20.4M |
| Operating lease liabilities | $16.2M+3470.6% | $453K-61.3% | $1.2M-40.2% | $2.0M+35.3% | $1.4M |
| Accrued liabilities - noncurrent | $413K-18.1% | $504K+83.9% | $274K+109.2% | $131K-78.6% | $611K |
| Total liabilities | $164.4M+42.2% | $115.6M+2.1% | $113.2M+8.3% | $104.5M-7.0% | $112.4M |
| Commitments and contingencies (Note 14) | $0 | $0 | $0 | $0 | $0 |
| Preferred stock, $0.01 par value; 1,000,000 shares authorized, none outstanding as of December 31, 2025 and December 31, 2024 | $0 | $0 | $0 | $0 | $0 |
| Common stock, $0.01 par value; 139,610,808 shares authorized as of December 31, 2025 and December 31, 2024, 68,938,230 and 68,915,409 outstanding as of December 31, 2025 and December 31, 2024, respectively | $691K+199.1% | $231K+196.2% | $78K+0.0% | $78K+0.0% | $78K |
| Treasury stock, at cost; 319,998 and 342,819 shares as of December 31, 2025 and December 31, 2024, respectively | -$151.2M+10.4% | -$168.8M | — | — | — |
| Additional paid-in capital | $9.9M-50.2% | $19.9M+36.2% | $14.6M+76.2% | $8.3M+29517.9% | $28K |
| Accumulated other comprehensive income | $4.2M+15.8% | $3.6M+95.7% | $1.8M-27.2% | $2.5M+349.9% | -$1.0M |
| Retained earnings | $1.60B+24.9% | $1.28B+9.0% | $1.17B+35.3% | $866.1M+29.7% | $668.0M |
| Total equity | $1.46B+28.8% | $1.13B+8.6% | $1.04B+35.0% | $772.9M+18.6% | $651.7M |
| Total liabilities and equity | $1.62B+30.1% | $1.25B+7.9% | $1.16B+31.8% | $877.4M+14.8% | $764.1M |
| Land (surface rights) | |||||
| Land (surface rights) | $0 | $0 | $0 | $0 | $0 |
| 1/16th and 1/128th nonparticipating perpetual royalty interests | |||||
| 1/16th and 1/128th nonparticipating perpetual royalty interests | $0 | $0 | $0 | — | — |
Source: SEC EDGAR XBRL. % change vs prior period shown where available.
Source: SEC EDGAR 10-K and 10-Q filings. Up to 10 years annual / 16 quarters shown.