Company: ACTG
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000934549-25-000054
Chunk: 172

Company: ACACIA RESEARCH CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 172
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 %Other service sales617 154 463 — 1,428 163 1,265 — Total$14,176 $15,817 $(1,641)(10)%$47,799 $31,843 15,956 50 %Average Price:Oil (per Bbl)$63.86 $74.20 $(10.34)(14)%$65.15 $75.21 $(10.06)(13)%Natural gas (per Mcf)$2.59 $1.91 $0.68 36 %$3.00 $1.79 $1.21 68 %Natural gas liquids (per Bbl)$20.89 $22.29 $(1.39)(6)%$23.90 $23.45 $0.45 2 %

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

Three Months EndedSeptember 30,Nine Months EndedSeptember 30,20252024$ Change% Change20252024$ Change% Change(In thousands, except percentage change values)Cost of production - energy operations$11,880 $11,729 $151 1%$36,887 $23,082 $13,805 60%

Cost of production for the Energy Operations were relatively flat for the three months ended September 30, 2025 compared to the same period in 2024.  The nine month increase is due to the full period impact of the assets acquired in the Revolution Transaction in April 2024.

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Manufacturing Operations

Revenues

Deflecto’s net revenues included the following:

Three Months EndedSeptember 30,Nine Months EndedSeptember 30,20252025Air distribution$10,226 $29,684 Transportation safety11,287 32,420 Office products9,302 26,247 Total$30,815 $88,351 

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

Cost of Revenues

Deflecto’s cost of revenues for the three and nine months ended September 30, 2025 was $23.3 million and $66.5 million, respectively. Refer to Note 2 included in our 2024 Annual Report for additional information regarding Def