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Jun 30, 2024
Acacia Q2 2024 Earnings Report
Acacia delivered strong financial and operating results, driven by a transformative acquisition and growth in core technology, energy, and industrials verticals.
Key Takeaways
Acacia Research Corporation reported a significant increase in consolidated revenue for Q2 2024, up 227% compared to Q2 2023, driven by the acquisition of operated producing wells. The company remains focused on free cash flow generation and book value per share accretion.
Recorded book value per share at June 30, 2024 of $5.95 compared to $5.90 per share at December 31, 2023.
Generated $25.8 million in consolidated revenue for the quarter, up 227% compared to the second quarter last year.
Recorded a GAAP net loss of $8.4 million, or $0.08 diluted net loss per share, for the second quarter.
Benchmark generated approximately $14.2 million in revenue in the second quarter, which includes revenue from the Revolution Assets.
Revenue by Segment
Forward Guidance
Acacia will remain focused on free cash flow generation and book value per share accretion which we believe will deliver stock price growth and generate shareholder value.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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