Stratus Properties Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 3.2 million compared to USD 4.86 million a year ago. Revenue was USD 11.13 million compared to USD 5.63 million a year ago. Net income was USD 96.62 million compared to net loss of USD 10.16 million a year ago. Basic earnings per share from continuing operations was USD 0.09 compared to basic loss per share from continuing operations of USD 0.52 a year ago. Diluted earnings per share from continuing operations was USD 0.09 compared to diluted loss per share from continuing operations of USD 0.52 a year ago. Basic earnings per share was USD 11.68 compared to basic loss per share of USD 1.23 a year ago. Diluted earnings per share was USD 11.53 compared to diluted loss per share of USD 1.23 a year ago.
For the six months, sales was USD 6.28 million compared to USD 9.68 million a year ago. Revenue was USD 14.22 million compared to USD 17.01 million a year ago. Net income was USD 98.89 million compared to net loss of USD 1.22 million a year ago. Basic earnings per share from continuing operations was USD 0.31 compared to USD 0.87 a year ago. Diluted earnings per share from continuing operations was USD 0.31 compared to USD 0.87 a year ago. Basic earnings per share was USD 11.97 compared to basic loss per share of USD 0.15 a year ago. Diluted earnings per share was USD 11.82 compared to diluted loss per share of USD 0.15 a year ago.