Pope Resources Announces Consolidated Earnings Results for Fourth Quarter and Full Year Ended December 31, 2016; Provides Production Guidance for the Year 2017
For the year, the company reported revenue of $80,428,000, operating income of $5,621,000, income before income taxes of $2,215,000, net income attributable to unit holders of $5,942,000 or $1.35 per basic and diluted share, adjusted net income attributable to unit holders of $13,642,000 or $3.14 per basic and diluted share, cash provided by operations of $5,146,000 compared to the revenue of $78,028,000, operating income of $10,677,000, income before income taxes of $7,707,000, net income attributable to unit holders of $10,943,000 or $2.51 per basic and diluted share, adjusted net income attributable to unit holders of $10,943,000 or $2.51 per basic and diluted share, cash provided by operations of $20,170,000 for the previous year.
In total, the company expects 2017 harvest volume, including timber deed sales, to be between 110 and 120 MMBF. The company expects approximately 48% of this volume to come from the Partnership's tree farms and 52% from the Funds' tree farms.