Company: ACTG
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000934549-25-000021
Chunk: 91

Company: ACACIA RESEARCH CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 91
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24$ Change% Change(In thousands, except percentage change values)Cost of revenues - industrial operations$4,064 $4,049 $15 0 %

Printronix’s cost of revenues remained relatively flat for the periods presented.  Refer to Note 2 to the condensed consolidated financial statements elsewhere herein for additional information regarding Printronix’s cost of sales.

51

Energy Operations

Revenues

The following table provides the components of Benchmark’s revenues for the periods indicated, as well as each period’s respective average realized prices and production volumes. This table shows production on a barrel of oil equivalent basis in which natural gas is converted to oil at the ratio of 6 thousand cubic feet (“Mcf”) of natural gas to one barrel of oil. This ratio may not be reflective of the current price ratio between two products.

Three Months Ended March 31,20252024$ Change% Change(In thousands, except per unit data and percentage change values)Production:Oil (Bbl)114,388 8,868 105,520 1190 %Natural gas (Mcf)1,466,349 292,190 1,174,159 402 %Natural gas liquids (Bbl)7,047,446 775,316 6,272,130 809 %Total (boe)526,576 76,026 450,550 593 %Average daily production:Oil (Bbl/day)1,271 97 1,174 1210 %Natural gas (Mcf/day)16,293 3,211 13,082 407 %Natural gas liquids (Bbl/day)78,305 8,520 69,785 819 %Total (boe/day)5,851 835 5,016 601 %Revenues:Oil sales$7,948 $661 $7,287 1102 %Natural gas sales5,340 730 4,610 632 %Natural gas liquids sales4,665 465 4,200 903 %Other service sales353 — 353 n/aTotal$18,306 $1,856 $16,450 886 %Average Price:Oil (per Bbl)$69.48 $74.54 $(5.05)(7)%Natural gas (per Mcf)$3.64 $2.50 $1.14 46