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 of oil and natural gas mineral interests in the United States. Our principal business is maximizing the value of our existing portfolio of 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 15.5 million acres, with an average 45.7% ownership interest in that acreage.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
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
12/2015-0.560.262N/E
06/2015-0.56NAN/E

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity-0.03Total Liab/Total Assets0.36
Net Inc/Total Assets0.02Total Liab/Inv Cap0.39
Net Inc/Inv Cap0.02Total Liab/Comm Equity-0.60
Pretax Inc/Net Sales0.08Interest Coverage Ratio3.67
Net Inc/Net Sales0.08Curr Debt/EquityNA
Cash Flow/Net Sales0.75LTD/EquityNA
SG&A/NetSales0.26Total Debt/EquityNA
Asset Utilization   Liquidity  
Net Receivables Turnover4.77Quick Ratio1.11
Inventory TurnoverNACurrent Ratio1.11
Inventory Day SalesNANet Rec/Curr Assets0.86
Net Sales/Work Cap34.06Inv/Curr AssetsNA
Net Sales/PP&E0.25  

Income Statement (Millions)

  6/30/2017 3/31/2017 12/31/2016 9/30/2016
Total Revenues(Net Sales) 120.52 124.58 56.71 99.17
Cost of Goods Sold 16.01 16.09 16.74 14.23
Selling & Admin Exps 17.47 16.29 20.91 16.68
Operating Income 57.84 65.02 -3.98 39.32
Interest Exp 3.98 3.51 2.77 2.28
Pretax Income 54.17 61.58 -7.29 37.54
Other Income 0.32 0.08 -0.53 0.50
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 54.19 61.57 -7.29 37.54

Balance Sheet (Millions)

Assets 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Cash & Short Term Investments 7.49 14.01 9.77 4.85
Receivables - Total 72.26 74.97 68.18 64.39
Inventories - Total NA NA NA NA
Total Current Assets 94.84 90.10 78.99 84.24
Net Property, Plant & Equipment 1,143.19 1,097.96 1,044.67 1,050.59
Total Assets 1,250.09 1,199.72 1,128.83 1,137.23
Liabilities        
Accounts Payable 43.07 42.65 55.09 44.23
Debt in Current Liabilities 0.00 4.94 16.24 0.14
Total Current Liabilities 43.28 47.59 71.33 44.36
Long-Term Debt 393.00 388.00 316.00 299.00
Total Liabilities 453.15 452.73 404.19 365.31
Stockholder's Equity        
Minority Interest 0.95 1.01 1.02 1.05
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 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Net Cash Provided by Operating Activities 75.21 63.95 55.10 58.02
Net Cash Provided by Investing Activities -34.28 -64.09 -17.78 -30.88
Net Cash Provided by Financing Activities -47.45 4.37 -32.39 -32.06

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
Growth Rates-31.03----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/177821,54021.40




Report Date : 10/16/2017

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