Company: ACTG
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000934549-25-000054
Chunk: 82

Company: ACACIA RESEARCH CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 82
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tronix’s revenue arrangements and related concentrations. Refer to “Industrial Operations Business” above for additional information related to Printronix's operating activities.

Cost of Revenues

Three Months EndedSeptember 30,Nine Months EndedSeptember 30,20252024$ Change% Change20252024$ Change% Change(In thousands, except percentage change values)Cost of revenues - industrial operations$3,376 $3,523 $(147)(4%)$10,846 $10,849 $(3)0%

Cost of revenues for Industrial Operations remained flat compared to lower revenue for the nine months ended September 30, 2025 primarily due to higher input costs. Refer to Note 2 included in our 2024 Annual Report for additional information regarding Printronix’s cost of revenues.

55

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 (“boe”) 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 EndedSeptember 30,Nine Months EndedSeptember 30,20252024$ Change% Change20252024$ Change% Change(In thousands, except per unit data and percentage change values)Production:Oil (Bbl)103,571 121,251 (17,680)(15)%329,716 235,867 93,849 40 %Natural gas (Mcf)1,441,932 1,482,555 (40,623)(3)%4,370,025 3,100,391 1,269,634 41 %Natural gas liquids (Bbl)153,503 172,163 (18,660)(11)%492,770 357,737 135,033 38 %Total (boe)497,396 540,507 (43,111)(8)%1,550,824 1,110,335 440,489 40 %Average daily production:Oil (Bbl/day)1,126 1,318 (192)(15)%1,208 861 347 40 %Natural gas (Mcf/day)15,673 16,115 (442)(