Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
Operating revenues:        
Total operating revenues $ 21,294 $ 49,641 $ 31,882 $ 64,978
Operating expenses:        
Total operating expenses 27,622 45,642 42,011 59,168
Gross (loss) profit (6,328) 3,999 (10,129) 5,810
General and administrative expenses 2,667 2,538 5,176 5,122
(Loss) income from operations (8,995) 1,461 (15,305) 688
Other income (expense), net:        
Interest expense (1,274) (870) (2,422) (1,771)
Gain on sale of real estate, property and equipment and assets held for sale 1,574 26,604 4,763 35,049
Other income, net 30 1 30 10
Total other income , net 330 25,735 2,371 33,288
(Loss) income before income taxes (8,665) 27,196 (12,934) 33,976
Income tax (benefit) provision (534) 6,579 (1,617) 3,279
Net (loss) income (8,131) 20,617 (11,317) 30,697
Net loss attributable to noncontrolling interests 344 85 380 136
Net (loss) income attributable to Alico, Inc. common stockholders $ (7,787) $ 20,702 $ (10,937) $ 30,833
Earnings per common share:        
Basic (in dollars per share) $ (1.02) $ 2.74 $ (1.44) $ 4.09
Diluted (in dollars per share) $ (1.02) $ 2.74 $ (1.44) $ 4.08
Weighted-average number of common shares outstanding:        
Basic 7,599 7,552 7,596 7,543
Diluted (in shares) 7,599 7,556 7,596 7,548
Cash dividends declared per common share $ 0.05 $ 0.50 $ 0.10 $ 1.00
Alico Citrus        
Operating revenues:        
Total operating revenues $ 20,937 $ 49,032 $ 31,205 $ 63,780
Operating expenses:        
Total operating expenses 27,520 45,490 41,815 58,876
Water Resources and Other Operations        
Operating revenues:        
Total operating revenues 357 609 677 1,198
Operating expenses:        
Total operating expenses $ 102 $ 152 $ 196 $ 292