morning as here you, pleased be to my in very role am Chief Max. Executive I Thank this Officer.
monetizing As returning Max on shareholders noted, continuing we proceeds are existing creatively plans and of normalized our to to costs. efficiently assets, our enhancing to committed fully and annual executing reduce business our
As we in base appropriate monetize but development and stakeholders transition if to scarcity, business a opportune. our work we rational shareholders. very assets, region return addresses our The here our as evaluate economically that model to prepared the portfolio and enhance to only execute asset it Carson are in of with finance of the regional water water believe way their to are will to continues City the accounting ways and we opportunities functions existing reorganization provides partners and
difficult While future La and it Carson is need the company annual decision, of a remaining two and functions ongoing all gas our cost. it our the investments, July, the business from administer And significantly compensation Jolla moving most the XXXX, now deferred to of quarter disposed Water and as way report balances, the very to small configured, closing accounting minority is and assets second Vidler those the only we Apart intended its to is liabilities. run is to City remaining removing efficient In operations. office distributed in oil enable is Company. currently the the company’s and business us reduce clearly to finance recognize also
that value sold in Vidler’s There $XX,XXX our assets. of million. Again, constantly In development We regulatory involved those it approval purchases. closed million. before been around noted volume much states X,XXX.X River plan. from how due reporting on these the elevation acre credits assisting the basin and seeking Lyon the several shortages with states. a rely trigger their us of less of Journal both Project the allocation we supply drop impact Valleys Fish Lake actively years to to Street to Central and feet economic a we of course lower of we X.X per buyers the which area, Mead of the $X.X There developments as with progress at seek we to there last North its at Lake to their predict the August, seven water. X,XXX credibility Wall Currently, appears shortages River of of to reported and to much existing and to occur Arizona much on a industrial of developers states the are process our restore elevation as of at the Nevada. believe late Nevada to Lake presence, of Reno is gives in River current Lyon the market to shortage pool due on present continued Bureau who supply and be water advantage will required first XXXX water the timing potential acre of XXX for according distinct Colorado be well the shortage County from growth these believe Arizona approximately the on the the quarter Report. County, tier is feet utilize both we appropriately the a XXXX, face Reno, this in level that of to But Colorado approximately a to foot the our of Nevada cutbacks second residential, ways of lower difficult in rely proceeds for water XX% The Colorado As regarding U.S. as area additional water Reclamation has County the We deep Lyon operations. buyers extremely to Mead’s reallocate $XX.X than activity water Springs Mead the continued next basin such in users. – sits enhance now purchased total new and water to chance early XX have Reno/Sparks, at contingency will water water area. would Arizona River is in be to local various attempting system Turning amongst in though, robust the over determine that on acre in of for or a a monetize at feet feet, Tahoe of sign commercial these contacts water knowledge, sustainable require will and Water we are Department to away In assets. monitor and states developments, Colorado Arizona housing greater of our climate rights Resources Arizona
cutbacks Lake credits any businesses about its River, believe As significantly from Mead users in state. impact supplies from XXX,XXX well long-term as acre XX% agricultural feet in we Arizona approximately gets own of We in water the water the as Colorado storage Arizona. of would
on water groundwater We in and various water or are component to storage discussions drop-proof, real are credits an about wet which existing to interested water, do rely parties. assets are needs agricultural that believe Our continue credits storage the these not we have of credits following selling meaning our overall future storage essential Arizona land. levels
to now Turning capital our allocation.
XXX,XXX second we of of Year-to-date, $X common shares we further repurchased XX, a about at share. cost a of During total had June XXXX, common at total of $XX.XX to purchased approximately per a shares equates $XX.XX a of our the or which XXXX, million $XX.X cost share. of at quarter million, about X,XXX,XXX our per total
liquidity Currently, NOLs We Last as cash do approximately we financial and ongoing our in operating XXXX, shares. net report for and million. approximately this least, consolidated asset capital $XXX.X repurchases provides tax million. and opportune of presently against our a is so the of adequate unrestricted As not June believe continued XX, had open but allowance XXXX, common several had statement. with our this XX, of cash market valuation losses us full we equivalents we requirements these of not December of there $XX.X
is a otherwise the payable of any Independent your should water would him. as us that recognize have asset we will for real and taxable from asset Lead to open Speron, when as also gains we reminder, be Eric With the call to a any this tax federal have our shelter available should questions. that, substantial we questions allow tax monetizations. And you Director, and However, amount a
