Pope Resources announced consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported net loss attributable to unit holders of $1.0 million, or $0.25 per ownership unit, on revenue of $11.1 million for the quarter ended March 31, 2016. This compares to net income attributable to unit holders of $7.8 million, or $1.80 per ownership unit, on revenue of $26.9 million for the comparable period in 2015. Cash flow from operations declined $11.1 million as the Partnership swung from cash provided by operations of $9.1 million for the first quarter of 2015 to cash used in operations of $2.0 million for the first quarter of 2016. Operating loss was $822,000 compared to income of $8,073,000 a year ago. Loss before income taxes was $1,480,000 compared to income of $7,328,000 a year ago.

The company expect 2016 harvest volume to be between 83 and 90 MMBF. The company will continue to monitor log markets and adjust harvest levels as the year progresses.