[Sign Up Now] to Receive Our FREE Daily SCVTV-SCVNews Digest by E-Mail

Inside
Weather
Santa Clarita CA
Clear
Clear
64°F
 
Calendar
Today in
S.C.V. History
October 20
1873 - Santa Barbara lawyers Charles Fernald and J.T. Richards purchase Rancho San Francisco for $33,000 (75 cents an acre) in a sheriff's sale [story]


tejonranchlogocrochetTejon Ranch Co. posted higher profits for the three and six months ending June 30 compared to the year-ago periods, driven in part by higher almond prices and the return of the company’s hunting program, which had been suspended in 2012.

The owner of vast swaths of farmland stretching from just north of Gorman (where it plans to build homes) to Kern County (where it has developed commercial centers), Tejon derives profits today from diversified sources ranging from agriculture to oil to real estate.

Despite slightly lower revenues, the company posted second-quarter profits of $2.084 million (10 cents per share), versus $118,000 (less than 1 cent) a year earlier. For the six-month period, 2013 profits were $2.7 million (13 cents) versus $393,000 (roughly 2 cents) for the same period in 2012.

Having survived a court challenge earlier this year, Tejon Mountain Village will feature 3,450 homes north of Gorman. | Click map to enlarge

Having survived a court challenge in 2012, Tejon Mountain Village will feature 3,450 homes north of Gorman. | Click map to enlarge

The biggest differences, the company said, were “higher farming net operating profits, an increase in equity in earnings from our joint ventures, and a decline in stock compensation expense.” Those were partially offset by higher tax payments and lower profits from petroleum operations due largely to oil well maintenance and somewhat lower gas prices.

Farming revenue grew by $849,000 due to higher per-pound prices for the company’s almond crop.

Tejon received $459,000 more in rent so far this year in the form of rent from the energy company Calpine, due to increases in power prices.

Hunting and grazing revenues increase by a little over $1 million compared to the first six months of 2012, when the company’s hunting program was shut down.

Tejon describes its hunting program as follows:

Source: TRC website

Source: TRC website

“The vast lands of Tejon Ranch support a variety of wildlife, including deer, elk, antelope, wild  pigs, wild turkey, black bear, bobcats, coyotes, squirrels, pigeons, doves and quail. Wildlife management plays an important role in maintaining the proper balance between the many species that inhabit the Ranch.

“The Ranch works closely with California’s Department of Fish and Game to enhance the balance between wildlife populations through a carefully managed hunting program.  As part of its Private Lands Wildlife Management License, the Ranch sets the hunting seasons, the harvest limits, ages of animals to be harvested, and the number of hunting licenses issued. All these factors are designed to maintain a healthy and balanced wildlife population so that one species does not negatively impact the welfare of another.

“Tejon’s programs are considered among the best in the nation.  The California Department of Fish and Game has recognized the Ranch for its “outstanding contributions to the promotion of California’s rich hunting heritage.” Hunting opportunities are offered under safe and controlled access and include big game guided hunts, group hunts, and corporate and seasonal memberships.”

In the minus column, mineral resource revenues were down by $2.154 million for the first six months of 2013 because 20 percent of the company’s wells and storage facilities were down for maintenance and expansion, and because of a 6-percent decline in oil prices compared to last year.

Operating expenses were $2.34 million lower, “largely due to the reversal of previously recorded stock compensation expense related to unvested awards of (former CEO Robert A. Stine, whose retirement was announced in May), and to awards that will not vest related to the retirement of the company’s CEO at the beginning of 2014.”

Earnings from joint ventures increased by $1.145 million during the first six months of 2013, largely due to improved operating margins and better gasoline sales at the company’s TA/Petro joint venture.

Comment On This Story
COMMENT POLICY: We welcome comments from individuals and businesses. All comments are moderated. Comments are subject to rejection if they are vulgar, combative, or in poor taste.
REAL NAMES ONLY: All posters must use their real individual or business name. This applies equally to Twitter account holders who use a nickname.

0 Comments

You can be the first one to leave a comment.

Leave a Comment


LOCAL BUSINESS LINKS
LOCAL BUSINESS HEADLINES
FINANCIALS OF LOCAL INTEREST
MARKETS & METALS
STOCKS OF LOCAL INTEREST
Bank Santa Clarita17.251  chart +0.00%
Biosolar Inc Com Usd0.0001(post0.0355  chart -11.25%
Sierra Bancorp27.65  chart -0.22%
Cu Bancorp (ca)37.50  chart +1.63%
Flex Ltd. - Ordinary Shares17.78  chart +0.40%
Mission Vly Bcp Ca14.20  chart +0.50%
Quest Diagnostics Incorporated95.08  chart +1.98%
Tejon Ranch Co19.38  chart +0.73%
Us Energy Initiative0.0007  chart +0.00%
Wesco Aircraft Holdings, Inc.9.50  chart +0.53%

Apple Inc.156.25  chart +0.17%
At&t Inc.35.54  chart -0.42%
Autonation, Inc.45.50  chart +2.20%
Best Buy Co., Inc.55.83  chart +0.67%
Big Lots, Inc.52.52  chart +0.92%
Barnes & Noble, Inc.7.35  chart +2.08%
Brady Corporation38.40  chart +0.26%
Boston Scientific Corporation29.69  chart +0.41%
Brookfield Asset Management Inc42.89  chart +0.02%
Cbre Group Inc Class A40.24  chart +0.57%
Carnival Corporation65.88  chart +0.14%
Comcast Corporation37.22  chart +0.87%
Costco Wholesale Corporation160.77  chart +1.46%
Curtiss-wright Corporation114.08  chart +0.80%
Cvs Health Corporation76.49  chart +2.49%
Cemex, S.a.b. De C.v. Sponsored7.96  chart -1.61%
D.r. Horton, Inc.42.67  chart +0.33%
Walt Disney Company (the)99.40  chart +0.39%
Edison International79.60  chart +0.16%
Hyatt Hotels Corporation Class 61.85  chart -0.02%
Home Depot, Inc. (the)163.43  chart +0.12%
Kb Home27.05  chart +0.07%
Kroger Company (the)21.02  chart +0.62%
Lennar Corporation Class A57.50  chart +1.32%
Laboratory Corporation Of Ameri151.72  chart +0.26%
Lowe's Companies, Inc.80.04  chart -1.51%
Mannkind Corporation4.11  chart +3.79%
Marriott International115.02  chart -0.16%
Mcdonald's Corporation166.30  chart -0.12%
Mitsubishi Ufj Financial Group,6.51  chart +0.46%
Netflix, Inc.194.16  chart -0.50%
Office Depot, Inc.3.78  chart +3.00%
Rite Aid Corporation1.78  chart -2.73%
Rexford Industrial Realty, Inc.29.91  chart -0.20%
Regal Entertainment Group Class16.29  chart -1.63%
Ross Stores, Inc.64.23  chart +1.33%
Republic Services, Inc.64.19  chart +0.85%
Starbucks Corporation54.57  chart -1.50%
Smart & Final Stores, Inc.7.00  chart -0.71%
Sears Holdings Corporation6.55  chart +8.09%
Six Flags Entertainment Corpora60.82  chart +0.28%
Sonova N171.80  chart -0.87%
Staples, Inc.10.25  chart +0.10%
Sunpower Corporation6.68  chart -0.15%
Target Corporation61.76  chart +2.20%
Time Warner Cable Inc209.56  chart -0.21%
Ulta Beauty, Inc.204.84  chart +0.11%
Walgreens Boots Alliance, Inc.68.06  chart +1.28%
Waste Connections, Inc.70.60  chart -0.25%
Whole Foods Market, Inc.41.99  chart -100.00%
Waste Management, Inc.77.73  chart +0.47%
Wal-mart Stores, Inc.87.44  chart +1.20%
Woodward, Inc.81.36  chart +1.06%
CURRENCY CONVERTER

Latest Additions to SCVNews.com
Tonight on SCV NewsBreak, a sexual assault suspect was arrested Thursday night. Plus, some great weekend events. Watch these stories and more on tonight's edition of SCV NewsBreak.
SCV NewsBreak for Friday, October 20, 2017
Forever Fit SCV, a Santa Clarita sports and personal fitness training company, will host a "Pumpkin Workout" at its Centre Pointe location on Saturday, October 28, starting at 9 a.m.
Oct. 25: Pumpkin Workout Benefits American Cancer Society
The next regular meeting of the Governing Board of the William S. Hart Union High School District is set for Wednesday, Oct. 25 at 7 p.m.
Oct. 25: Hart School District Governing Board Meeting
The LA County Public Defender has won the Silver Eagle Award for its Public Defender Jail Liaison Program during the 31st Annual Productivity and Quality Awards Ceremony on Oct. 18 at the Dorothy Chandler Pavilion.
LA County Public Defender Soars with Silver Eagle Award
The Los Angeles County Health Officer has issued a heat alert as high temperatures have been forecast for the Los Angeles Basin on Monday, October 23 through Tuesday, October 24.
Heat Alert for SCV, L.A. County on Monday, Tuesday
The Academy Museum of Motion Pictures has received three major gifts toward the creation of the museum in Los Angeles, bringing fundraising to more than $300M, nearly 80 percent of its $388M campaign goal.
Motion Picture Museum Nears $388M Campaign Goal
Caltrans added nearly 1,200 lane miles of pavement repair and 66 bridges to its growing list of projects to be delivered sooner than planned, thanks to the imminent influx of revenue from the Road Repair and Accountability Act of 2017 (SB 1), the transportation funding and reform package passed in April.
Nearly $3.4 Billion in Transportation Projects to Be Accelerated
The city of Santa Clarita and SCV Veterans Memorial, Inc. invite the public to attend a special ceremony unveiling the new Fallen Warriors Monument at Veterans Historical Plaza in Newhall on Wednesday, November 8 starting at 10 a.m.
Nov. 8: City Unveils Fallen Warriors Monument in Newhall
Crime Prevention deputies from the Santa Clarita Valley Sheriff's Station along with Los Angeles County Probation Department officers conducted probation compliance searches Friday throughout the Santa Clarita Valley.
SCV Deputies Check Probationers, Aid in Domestic Violence Call
Here is the Santa Clarita Valley Sheriff Station's public safety report for Canyon Country (West), aka Zone 7, for October 2 through October 8, 2017
Crime Blotter: Robbery, Grand Theft in Canyon Country West
A suspect has been arrested in the investigation of an alleged sexual assault, according to Santa Clarita Valley Sheriff's Station officials.
Suspect Arrested in Alleged Sexual Assault
Motor vehicle collisions are the leading cause of death for teens in the United States and a concern the California Highway Patrol addresses with its "Start Smart" program.
CHP Helps New Drivers with ‘Start Smart’ Classes
The California High-Speed Rail Authority punted one of the most important decisions during its monthly meeting Thursday, stoking concerns the entity is not moving quickly enough on the $64 billion project.
California’s Bullet Train Board Delays Award of Key Contract
An extensive investigation by the county of Los Angeles Department of Consumer and Business Affairs in conjunction with the office of California Attorney General Xavier Becerra has resulted in a lawsuit announced today by the Attorney General against retailer Curacao.
AG Sues Retailer Curacao for Allegedly Preying on Consumers
1873 - Santa Barbara lawyers Charles Fernald and J.T. Richards purchase Rancho San Francisco for $33,000 (75 cents an acre) in a sheriff's sale [story]
CHESTERFIELD, MO — NewGround, a St. Louis-based experiential design-build firm, recently teamed up with Logix Federal Credit Union to work on a large scale facility project, a new corporate headquarters building for the full-service credit union in the Burbank, California area.
Valencia Will Soon be Home to Logix Federal Credit Union Headquarters
The CSUN women's volleyball team (10-9, 4-3 Big West) opens the second half of the Big West season this week as the Matadors head up the coast this week for road tests at No. 23 Cal Poly (17-2, 7-0 Big West) and UC Santa Barbara (4-15, 3-4 Big West). CSUN, coming off a tough five-set loss to Hawai'i at home, is 3-4 in seven road matches this season but has won two of three Big West road contests.
Matadors Volleyball Testing Their Skills on the Road
No. 5 College of the Canyons defeated L.A. Mission College 3-0 on Wednesday to earn its eighth consecutive match and fifth straight sweep. Set scores were 25-15, 25-11, and 25-20.
Cougars Volleyball Earns Fifth Straight Sweep
CSUN Women's Soccer (7-4-5, 3-1-1 BWC) looks to move up in the Big West standings this week as it hosts UC Irvine on Thursday at 7:00 p.m.
Matadors Get Ready for Big West Matchups
Behind Julio Rubio's goal in the 11th minute CSUN defeated UC Riverside 1-0 in Big West Conference men's soccer action Wednesday night.
Matadors Lone Goal Enough to Hold Off UC Riverside
Northridge, CA – CSUN Athletics officially opened its new satellite athletic training facility on Thursday at an event featuring Athletic Director Dr. Brandon Martin, Assistant Athletic Director for Sports Medicine/Head Athletic Trainer Steven Grech, student-athletes, coaches, staff and campus partners.
Matadors Student-Athletes Welcome New Training Facility
Want unique gifts and a shopping experience unlike any other?
Nov. 18-19: City’s Annual Two-Day Fine Craft Show
City officials gathered Wednesday for the Grand Opening of "Three Oaks," the first 100 percent affordable family development in Santa Clarita.
Affordable Housing Comes to Santa Clarita
The Gibbon Conservation Center will celebrate Halloween for the first time on Saturday, Oct. 28 from 10:00 a.m. - 1:00 p.m.
Oct. 28: Gibbon Conservation Center Celebrates First Halloween
California State University, Northridge is partnering with the California State University Entertainment Alliance to host a morning of workshops designed to offer students and members of the public advice on building successful careers in the entertainment industry.
Oct. 23: CSUN Workshop; Succeeding in Entertainment Industry
Spotlight Arts Center, a local non-profit that provides free performing and visual arts classes to children in the Santa Clarita Valley, will hold its Fall Festival, Sunday, Oct. 22 from 11:00 a.m. - 3:00 p.m.
Oct. 22: Fall Festival Spotlight Arts Center
The College of the Canyons Athletics department is inviting all players, coaches and cheerleaders associated with a Santa Clarita Valley youth sports league or cheer organization to attend Saturday's Cougar football game free of charge.
Oct. 21: SCV Youth Teams Invited to Free COC Football Game
College of the Canyons freshmen Joanna Roecker and Cassandra Lee both turned in scores of 79 to lead the Cougars to a second place team finish at the Western State Conference (WSC) event hosted by Glendale College at Brookside Golf Course on Monday.
COC Falls Short at WSC Glendale
Beginning Monday, October 23, 2017, the city of Santa Clarita will increase the frequency of street sweeping throughout all areas of the City.
Oct. 23: City Begins Increased Street Sweeping Frequency
In a battle for Western State Conference, East Division supremacy, it was College of the Canyons that came out on top Tuesday night, as the Cougars scored two second half goals to secure a 2-0 win against visiting Antelope Valley College. Justine Hoeft and Jennifer Roney collected goals for the Cougars (11-2, 2-0).
COC Secures Win Against AVC With Two Second-Half Goals
The upcoming 10-year anniversary of the Buckweed Fires offers Santa Clarita residents a reminder of the ever-present fire danger in Los Angeles County, as blazes ravage the northern half of the state, as well.
Officials Reflect on 10-Year Anniversary of Buckweed Fires
Deputies from the Santa Clarita Valley Sheriff's Station, with help from a Smartphone GPS system, were able to locate a lost hiker Wednesday night at Towsley Canyon.
Smartphone GPS Locates Lost Towsley Canyon Hiker
Dreamation Craft Guild will be hosting a boutique at Canyon High School, Nov. 18, from 10:00 a.m. – 3:00 p.m. to benefit the family of John Phippen, the Santa Clarita resident who was killed in the Las Vegas shooting.
Nov. 18: Holiday Marketplace Benefiting John Phippen Family
SACRAMENTO, Calif. – To ensure drivers, passengers, and children are properly restrained while traveling California’s roadways, the California Highway Patrol (CHP) has partnered with the California Office of Traffic Safety on a new traffic safety campaign entitled, “California Restraint Safety Education And Training” (CARSEAT).
CHP’s New Traffic Safety Campaign Focuses on Saving Lives, Reducing Injuries
SACRAMENTO, Calif. – Speed and aggressive driving, the main causes of traffic collisions in California, will be the focus of a year-long education and enforcement campaign by the California Highway Patrol (CHP) that started Oct. 1, 2017.
CHP Grant Aims to Reduce Fatalities, Traffic Injuries; Addresses Street Racing