Thanks Morning in. much. midyear of to very Good you earnings the what depending welcome country part call. on you to are all I like or would our good afternoon,
to We got going deck our website. call which for have on this slide you a find
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I get like to that, started. with would So
up Q&A the to end of We the some then will have some it remarks towards call. prepared and open we will
always is get to out the room. of slide first So the lawyers
that it's Reform forward-looking corporation that says statements Harbor that in this meaning statements Private Safe the the So not in are facts of of XXXX. with our contained statement historical are Act context Security
You sure, familiar very am are with that. I all,
and be that the water with move we utility because So of an most overview pretty going and you a by I kind we am of play will of with. will on to company quickly operations to the blow we where, are company what this familiar But company.
We have a or portfolio we that of water control. own
we oil in and then is and oil where residential these well own royalties from revenues as asset that customers. can as interests customers, one we industrial some as oil property own industry customers, you receive properties from that on gas that mineral generate the A and to of outlets have. segment asset. some selling real commercial is We large gas So royalties water where water gas also and a to customers, both
the on Moving fourth slide. to
then They water, to and sort turn cradle-to-grave that customers. They the they the the for distributed it. treated, So use We water our a reprocess reuse collect liability. industrial utility. own We we are water that are on wells that. we it water and that, uses. into We of divert that irrigation
about capital generate metrics on from onetime sewer then and Our that, fee we portfolio are that connections we from revenue and bills. fees, tap monthly which water also can serve generate revenue and the XX,XXX
So per we connection about the is typically and and development what about side. talk the $XX,XXX per the fees slide, really the on to connection side to get annually water wastewater and specifically the in tap we wastewater water want Transitioning more you $X,XXX next about revenues. on
a of thousand have XXX acres the the interstate. very along about We located in land Denver acres, area in good Metropolitan location right
Denver Denver. south Downtown We about of Nice to miles just International four are East piece about XX miles property. of of and
transportation give good access. detached homes, have property, feet We property interchange residential about the that's about zoned attached at a which and us of for product diamond The million square as homes mix X.X as X,XXX of single-family multifamily well paired and commercial is area. homes got a
the in kind next where ourselves project us. the good for of slide, overview gives an we area. Metropolitan to of on you position Very Moving job
of have around and employment We a lot got area. centers our in
buyers So, entry-level of are to of to kind access some going the employment transportation our this are and access to logistics to centers. and for target housing important is that be those be to going
XX,XXX the largest employer So that's you the have the Denver jobs. about in Airport, state, which is
thousand Amazon about have Center. Distribution It's jobs. We an
X,XXX as many opening We big as employers, hotels have jobs. are are some the that convention in that well, fall center very up
concentration So really, Denver the of in mostly corridor. area is concentrated in activity I-XX this
want next going to online. about a really did that. on. construction you I Transitioning So slide, the we very open what's We little bringing on about project excited out are detail this to bit
overlot grading last lots. about our being about excited grading The of very will excavation and over are We of doing months. component probably excavation these and three underway, over this our
the these on that and acres the are cut XXX the because mass balance it's entire and specific efficiency to works neighborhood. of that delivering lots, So so how moving grading lots you very dirt you actually fill move for we as difficult and deliver the one these
over-ex entire So the for But that on in over-ex, the will is be overlot or of plan and the for, that phases. the the XXX do some acres well the XXX to grading over-ex lots. grading not the be over entire will
over is which really the mitigation soil excavation, a concentrating are issues. We
some about responsible type of mitigation They with This its most the XXX handle expansive overlot that activity are site will and for grading we particular their same really agreement really on whether their lots deliver builders use concentrating individual would marginal costs evaluation, that contractor of has soil independent requires soils. area evaluation brown this Colorado separate expansive of own they them, or this So, of are which for we the our lots. procedure call but not soils, is use what an our we themselves. but to under each
mid-to-late we on of a be by done of So first all will communication we over-ex, have configured electric, dirt sort sewer storm, be that water only utilities, which that, and looking be for by work not XXX but we kind utilities, over-ex June, we If will which timeframe. will that the that at wet will on the are have lots. dry the probably utilities,
thereafter, letting some wet sewer the following probably channel available. get of of to and be to sites the facilities later week work just some of utilities way that and getting some the are electrical done, lot will this for probably water to shortly contracts really build drain a storm the We
builders, our home model to we with deliver three lots. some try working want and So
will to they start be where will But delivery on have season them have then production starting the construction in and for for next later sometime work we will buying, of starting January. this them the year those So of ability this sort those later we on of some buying. really building lots be year, of
the lot utilities three get have we third the one we and we finished payment completion of then the then we in directly. deliveries payment development a finished cases lot lot and deliver Just of one builder means with which lots, payments. agreements, completion the wet of get platted progress upon payment when One when two builder
activity very quarters So some of year later The look in and this overlot rolling of see year. follow-on quarter going next to then first grading really is into well.
year issues for the very industry East be ours the when of issues, Sometimes winter, dealing by weather with can East in started Coast seasonal on you mild. while you terrific all have has had here Colorado, get in the weather in in that bad and influenced the been Coast, particularly friends our out in a
guys you year. of all been have So getting our this snowpack
those even of most are So contractors probably some of our little schedule on of ahead deliveries. a
excited about delivery are we schedule. maintaining So that
Moving a talk on next about the here. little where bit to go do slide, we from
we good a We the at, also lots. a And are we think project. bigger on I have really we very first got XXX first are this are But how delivering those execution looking is on working XXX lots.
We we to that this deliver another XXX acres have do got about on phase of and activity. some how
on have So of doing that that we work this be bit will phase. little been
up cluster more be for by looking into and are some the So then residential down the will and type with builders. phase, which number development a starting at commercial, we second of flowing of the interstate different
there we we additional builders along first retail as up phase building many interstate. as maybe in homebuilders three the type different are looking as well commercial commercial our build, builders well We have have some they installations adding are at builders three and as to, six probably where and in
our the way our this take and our in interest and finalize a time. working a position some being early of where this plan through are show we summer same phases on we So to plan spring, then that land look one. at process getting and to to that level interest working later can start builders this Hope that engaging to multiple at the year going on of through through
we to start grading some lots the phase, As our working can second. our of for deliver for activity on start first we
of give focus it of doing we So really areas of level that what that some you is the of on the development activity will high of and some that. the are
move to we me really bit is well the for gas which for of industry Let talk a about another this year. on water and are some little and seeing activities that bit oil a and us, little the stimulation providing activity major
has So we have been a the drilling There bit got little just out more multiple for competition now. field operators in leases. these
some many operators are So four we as got, well area looking think the even activities. that of maybe as have three I at in different three this different
the field. to Our more XX projecting many probably are out get the of wells. some operator as eight highest wells, well-established more from others than of as we and three active in maybe the operators they other wells number then is And kind
So that looks. we will see how activity
year. wells so So in fiscal we some little frac actually for these sales design Average here alternate a more entrances a using some wells, newer bit on use somewhere conservative estimate water. protecting design, are as of are which XX concepts, around the the
So seen on have about $XXX,XXX $XXX,XXX well. historically average, we a I seeing think We about per are well.
they both that these that as stage evolving sort and as field do this the to has this added well So how technology technology plan of are and with and think fracs something I specific.
had six excited first good operating some very We results about the So that. months. for
drilling. to development. will it be to field activity hold be this a little production still Most type very but seems highlight for a bit later, continues active by HBP, We of
transfer a per activity revenue talks very can per wells and field. use then the We the field of dozen a and haven't really for for activities many bit and difference those development formations, lot makes water HBP wells next that well. during multiple number between a efficient we the of pad little be whole to them correspondingly of about on where operations. the water slide see per it then as seen see on the field kind activity water Multiple the on really And The us drilling a as heavy development. fracing of which will pad and you
Moving report on our to the is This next acquisition. on just Pointe really of follow-up kind Wild card slide.
go fees of on very my I well. The had, We that. to this. continues that on lost So number number tap
presentation. So forgive up to my catch me I while
So have continuing activity from got builder project. we the
little So get XX bit there, have derived available of is from out a residential probably That's residential seasonally XX kind about to of two there lots you another I where types activity. development which have still we development, activity. of the think
of the fully only had are about already tap water Those tap developed. $XX,XXX deliveries, and that's taps system you as a sell couple have a see. We is because
see from about So we we to supply the infrastructure. margin are in that typically a getting, XX% water water the
infrastructure acquired was this already that from. capitalized previous fairly by fees are Usage out all the So there developer water seasonal. we
last amount the kind really demand then and the is season irrigation limited winter. see we what over So a of in-house year's end tail of of
deliveries, do for seasonal and itself. as And perform and are areas those comes So spike those of out current know still over It acquisition. summer acquisition the are. we assumptions I model still happy continues in typically those question have with very, opportunities. in to other the the that the our nets very but we line assets our try on because to just where opportunities with of forecast our where focus the
So we still opportunities are to a acquisitions. in of number that with talking area add those
to a going our WISE is bit talk slide system. about little Next
We it's our part and this continue to highlight delivery infrastructure because major of here.
on to really capacity Denver pipeline the the our along about have capacity of three of area. in addition goes portion transmission that where line southern Metropolitan mgd So we
that. some out get of water also We
our our here, our advantage we really for this opportunities us water both providers capacities, as customers. enhances our it as that of capacities. our all different well we the then, obligations as infrastructure, water regional that storage at of So amongst allows expand this are supply area XX with the opportunities residential to is system cooperative industrial for look and our And and us service interconnected
well at upon system our overtime. look opportunities look systems how and how as we these So grow to and this opportunities overtime mature expand we as
which we So bullet to on XX, will kind the go the be will slide of quarter.
So we out. it summarize
income. income, almost over up prior-year Our twofold
million. million is A frac good come So portion $X.X to from that, about revenue. going of $X
where So activity you that is. shows that
the here, strength they little, have a of continued summer this over because even winter months. I it's growth little they as think bit opportunity the months just we as much see a maybe over will in do activity quite don't
for see, year very will have we opportunities a end here, we are round for sustained So if good out us. they
water, Our wastewater month. last with of line municipal in kind services
some here, of in is variable Tap are no really attributable seasonality again, fee here. differences in increase the taps Some Pointe. Wild revenues, but there those to
revenues. of the system. our of those and royalty well, oil existing came attributed some taps existing to customer, gas Some are an which capacity system into then as And in added the
a down the are little to those sort be operational of bit and themselves. So with then continue it wells issues
to a driven how to well. we continue operators are the under wells refine mature, still are they continue And these operating. As gas
to I system. jack So are think last have still the a pump of wells, not one yet we the on
it really our revenue, month, a go they So statement. royalty good are month two still and won't $XX,XXX worth as sheets through income those. about The I operation. of get balance produces full last sheet
We liquidity guys can position. those. have You look very through good still
$XX.X about have We million that. liquidity in in
we capital some any deliveries are we or of deploy of timing variances to for at in case cushion being to the be there Sky of So a to sufficient very and out fund that push But and that returns have in able capital about we we have our out those make sure in feel otherwise. excited shareholders. reserve Ranch development is we and lots good try and able
turn that have that some with some and have are if we our it to down back might moderator what a it me you So of specifics questions to on is over of let can the summary, we doing. see that drill all as
