Company: ACTG
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000934549-25-000042
Chunk: 83

Company: ACACIA RESEARCH CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 83
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.54)(14)%Natural gas (per Mcf)$2.76 $1.50 $1.26 84 %$3.20 $1.68 $1.52 90 %Natural gas liquids (per Bbl)$22.79 $24.52 $(1.73)(7)%$25.27 $24.58 $0.68 3 %

Refer to Note 2 to the consolidated financial statements elsewhere herein for additional information regarding Benchmark’s revenue arrangements and related concentrations.

Cost of Production

Energy Operations’s cost of production for the three months ended June 30, 2025 and 2024 was $12.3 million and $10.0 million, respectively and for the six months ended June 30, 2025 and 2024 was $25.0 million and $11.4 million, respectively, with the increases due to the full period impact of the assets acquired in the Revolution Transaction in April 2024. 

56

Manufacturing Operations

Revenues

The following table includes Deflecto’s revenues for the three and six months ended June 30, 2025, with no comparable prior year period information as the Deflecto Transaction closed in October 2024.

Three Months EndedJune 30,Six Months EndedJune 30,20252024$ Change% Change20252024$ Change% ChangeAir distribution$9,602 $— $9,602 n/a$19,458 $— $19,458 n/aSafety products11,005 — 11,005 n/a21,133 — 21,133 n/aOffice products8,394 — 8,394 n/a16,945 — 16,945 n/aTotal$29,001 $— $29,001 n/a$57,536 $— $57,536 n/a

Cost of Revenues

Manufacturing Operation’s cost of revenues was $22.4 million and $43.2 million, respectively for the three and six months ended June 30, 2025 with no comparable prior year period information as the Deflecto Transaction closed in October 2024. Refer to Note 2 to the consolidated financial statements elsewhere herein for additional information regarding Manufacturing Operation’s cost of revenues.

Operating Expenses

Three Months EndedJune 30,Six Months EndedJune 30,20252024$ Change%