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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income (loss) $ (921) $ 1,634
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion and amortization 3,027 2,716
Deferred income taxes 1 (33)
Equity in loss of joint ventures 2,615 2,031
Stock-based compensation 368 365
Net changes in operating assets and liabilities:    
Accounts receivable (76) 67
Deferred costs and other assets (187) (168)
Accounts payable and accrued liabilities 5,019 (2,610)
Income taxes payable and receivable (208) 508
Other long-term liabilities 32 (7)
Net cash provided by operating activities 9,670 4,503
Cash flows from investing activities:    
Investments in properties (13,424) (3,100)
Investments in joint ventures (8,370) (1,215)
Return of capital from investments in joint ventures 3,863 4,780
Net cash (used in) provided by investing activities (17,931) 465
Cash flows from financing activities:    
Proceeds from long-term debt 11,450 718
Debt issue costs 0 (1,379)
Distributions to noncontrolling interests (821) (10,736)
Contributions from noncontrolling interests 130 128
Net cash (used in) provided by financing activities 10,759 (11,269)
Net increase (decrease) in cash, cash equivalents, and restricted cash 2,498 (6,301)
Cash, cash equivalents and restricted cash at beginning of year 105,361 149,935
Cash, cash equivalents and restricted cash at end of the year 107,859 143,634
Cash paid during the period for:    
Interest 663 650
Income taxes, federal 4 0
Income taxes, state $ 0 $ 15