Pope Resources announced consolidated earnings results for fourth quarter and full year ended December 31, 2016. For the quarter, the company reported revenue of $43,468,000, operating income of $4,316,000, income before income taxes of $3,268,000, net income attributable to unit holders of $4,571,000 or $1.05 per basic and diluted share, adjusted net income attributable to unit holders of $12,271,000 or $2.82 per basic and diluted share, cash provided by operations of $14,103,000 compared to the revenue of $22,008,000, operating income of $3,297,000, income before income taxes of $2,575,000, net income attributable to unit holders of $2,230,000 or $0.51 per basic and diluted share, adjusted net income attributable to unit holders of $2,230,000 or $0.51 per basic and diluted share, cash provided by operations of $3,267,000 for the same quarter a year ago.

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.