Company Information

  

Address: 1001 FANNIN STREET, SUITE 2020  
City: HOUSTON 
State: TX 
Zip Code: 77022 
Telephone: (713)658-0647 

Description of Business

Primary SIC Code: 1311
(As filed with the SEC)  

We are one of the largest owners and managers of oil and natural gas mineral interests in the United States. Our principal business is maximizing the value of our existing mineral and royalty assets through active management and expanding our asset base through acquisitions of additional mineral and royalty interests. We maximize value through marketing our mineral assets for lease, creatively structuring terms on those leases to encourage and accelerate drilling activity, and selectively participating alongside our lessees on a working-interest basis in low-risk development-drilling opportunities on our interests. Our primary business objective is to grow our reserves, production, and cash generated from operations over the long term, while paying, to the extent practicable, a growing quarterly distribution to our unitholders. We own mineral interests in approximately 16.8 million acres, with an average 43.4% ownership interest in that acreage.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
03/20180.870.31219.02
12/20171.010.31217.76
09/20170.860.31220.16
06/20170.940.28816.77
03/20170.540.28830.57
12/20160.260.28872.23
09/20160.000.288N/E
06/20160.010.2621550.00

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity-0.20Total Liab/Total Assets0.31
Net Inc/Total Assets0.10Total Liab/Inv Cap0.32
Net Inc/Inv Cap0.10Total Liab/Comm Equity-0.63
Pretax Inc/Net Sales0.37Interest Coverage Ratio11.01
Net Inc/Net Sales0.37Curr Debt/EquityNA
Cash Flow/Net Sales0.66LTD/EquityNA
SG&A/NetSales0.18Total Debt/EquityNA
Asset Utilization   Liquidity  
Net Receivables Turnover5.77Quick Ratio1.47
Inventory TurnoverNACurrent Ratio1.47
Inventory Day SalesNANet Rec/Curr Assets0.92
Net Sales/Work Cap15.39Inv/Curr AssetsNA
Net Sales/PP&E0.29  

Income Statement (Millions)

  3/31/2018 12/31/2017 9/30/2017 6/30/2017
Total Revenues(Net Sales) 114.49 95.44 89.11 120.52
Cost of Goods Sold 19.17 16.53 16.12 16.01
Selling & Admin Exps 18.52 25.58 17.31 17.47
Operating Income 47.96 23.01 26.22 57.84
Interest Exp 4.52 4.03 4.17 3.98
Pretax Income 41.96 19.36 22.04 54.17
Other Income -1.48 0.38 -0.01 0.32
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 41.93 19.37 22.06 54.19

Balance Sheet (Millions)

Assets 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Cash & Short Term Investments 6.30 5.64 8.91 7.49
Receivables - Total 92.86 80.70 68.90 72.26
Inventories - Total NA NA NA NA
Total Current Assets 100.62 87.64 83.80 94.84
Net Property, Plant & Equipment 1,527.37 1,481.33 1,156.27 1,143.19
Total Assets 1,635.98 1,576.45 1,246.07 1,250.09
Liabilities        
Accounts Payable 37.57 55.10 42.00 43.07
Debt in Current Liabilities 17.29 4.22 0.00 0.00
Total Current Liabilities 55.21 59.73 42.30 43.28
Long-Term Debt 436.00 388.00 362.00 393.00
Total Liabilities 550.34 486.78 428.59 453.15
Stockholder's Equity        
Minority Interest 0.84 0.87 0.90 0.95
Preferred Stock NA NA NA NA
Common Stock NA NA NA NA
Retained Earnings NA NA NA NA
Treasury Stock NA NA NA NA
Total Stockholders' Equity NA NA NA NA
Total Liabilities and Stockholders' Equity NA NA NA NA

Cash Flow Summary (Millions)

Categories 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Net Cash Provided by Operating Activities 76.47 70.19 72.50 75.21
Net Cash Provided by Investing Activities -60.17 -337.77 -18.12 -34.28
Net Cash Provided by Financing Activities -15.65 264.31 -52.96 -47.45

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2014548.32169.19--
12/2015392.92-100.04-0.56
12/2016260.8320.200.26
12/2017429.66157.191.01
Growth Rates-7.81----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/188522,86021.74




Report Date : 7/16/2018

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