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Business Segment Reporting (Tables)
9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Schedule of Segment Financial Results
The following table presents segment financial results for the three and nine months ended September 30, 2024 and 2023 (in thousands):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2024202320242023
Revenues:
Land and resource management$106,648 $109,933 $322,165 $315,276 
Water services and operations66,915 48,034 197,874 149,662 
Total consolidated revenues$173,563 $157,967 $520,039 $464,938 
Net income:
Land and resource management$71,870 $82,884 $232,970 $217,860 
Water services and operations34,724 22,690 102,630 74,675 
Total consolidated net income$106,594 $105,574 $335,600 $292,535 
Capital expenditures:
Land and resource management$66 $47 $210 $191 
Water services and operations9,767 5,196 21,784 10,196 
Total capital expenditures$9,833 $5,243 $21,994 $10,387 
Depreciation, depletion and amortization:
Land and resource management$2,135 $703 $3,641 $2,233 
Water services and operations3,627 2,881 10,054 8,648 
Total depreciation, depletion and amortization$5,762 $3,584 $13,695 $10,881 

Schedule of Total Assets and Property, Plant and Equipment
The following table presents total assets and property, plant and equipment, net by segment as of September 30, 2024 and December 31, 2023 (in thousands):
 September 30,
2024
December 31,
2023
Assets:  
Land and resource management$954,411 $975,136 
Water services and operations221,158 181,262 
Total consolidated assets$1,175,569 $1,156,398 
Property, plant and equipment, net:  
Land and resource management$4,937 $5,322 
Water services and operations114,171 84,265 
Total consolidated property, plant and equipment, net$119,108 $89,587