| Dec'19 | Dec'18 | Dec'17 | Dec'16 | |||
|---|---|---|---|---|---|---|
Revenues: | ||||||
Oil and gas sales | ||||||
68,463 | 98,655 | 95,972 | - | |||
Oil and gas sales | ||||||
- | - | - | 70,964 | |||
Gain (loss) on hedging activities | ||||||
- | -1,456 | 1,791 | -843 | |||
Total revenue | ||||||
68,463 | 97,199 | 97,763 | 70,121 | |||
Operating expenses: | ||||||
Production and ad valorem taxes | ||||||
4,262 | 5,143 | 5,242 | 4,531 | |||
Marketing and transportation | ||||||
2,396 | 2,368 | 6,505 | 6,605 | |||
Amortization of royalty interests in oil and natural gas properties | ||||||
12,737 | 16,962 | 33,837 | 35,840 | |||
General, administrative, and other | ||||||
11,912 | 9,544 | 8,213 | 6,114 | |||
Total operating expenses | ||||||
31,307 | 34,017 | 53,797 | 53,090 | |||
Operating income | ||||||
37,156 | 63,182 | 43,966 | 17,031 | |||
Other income (expense): | ||||||
Gain on the sale of assets | ||||||
- | 41,382 | 31,441 | 0 | |||
Other income | ||||||
165 | 46 | 34 | 823 | |||
Interest expense | ||||||
2,489 | 2,350 | 2,746 | 3,096 | |||
Total other income (expense) | ||||||
-2,324 | 39,078 | 28,729 | -2,273 | |||
Income before income taxes | ||||||
34,832 | 102,260 | 72,695 | 14,758 | |||
Provision for income taxes | ||||||
3,918 | 3,292 | - | 0 | |||
Income from continuing operations | ||||||
30,914 | 98,968 | 72,695 | 14,758 | |||
Income from discontinued operations | ||||||
- | 2,139 | 2,978 | 22 | |||
Net income | ||||||
30,914 | 101,107 | 75,673 | 14,780 | |||
Net income attributable to non-controlling interests | ||||||
16,564 | 10,982 | 155 | 69 | |||
Net income attributable to common shareholders | ||||||
14,350 | 90,125 | 75,518 | 14,711 | |||
Earnings per common share: | ||||||
Common shares (basic and diluted) | ||||||
0.31 | 0.20 | - | 0.00 | |||
Weighted average number of shares outstanding: | ||||||
Common shares (basic and diluted) | ||||||
45,893 | 45,855 | - | 0 | |||