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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Revenues:        
Total Revenues $ 67,245 $ 37,259 $ 124,495 $ 60,273
Costs and Expenses:        
Lease operating expenses 6,830 5,955 14,249 10,523
Production and ad valorem taxes 3,502 2,755 6,507 4,044
Exploration costs 1,498 5,473 2,109 5,897
Depletion, depreciation, amortization and accretion 6,633 6,251 13,500 12,241
General and administrative:        
Administrative costs 4,014 2,696 7,647 5,141
Unit-based compensation expense 0 276 0 689
Share-based compensation expense 1,017 4,571 1,968 4,571
Cost of contract services - related parties 85 91 235 239
Transaction costs 2,638 2,164 3,896 3,213
Total Costs and Expenses 26,217 30,232 50,111 46,558
Income From Operations 41,028 7,027 74,384 13,715
Other Income (Expense):        
Interest expense, net (678) (1,165) (1,574) (2,400)
Loss on derivatives (49,632) (24,903) (54,825) (38,812)
Total Other Expense (50,310) (26,068) (56,399) (41,212)
Net Income (Loss) From Continuing Operations Before Income Taxes (9,282) (19,041) 17,985 (27,497)
Income tax benefit (expense) 2,114 (14,231) (3,755) (13,716)
Net Income (Loss) From Continuing Operations (7,168) (33,272) 14,230 (41,213)
Discontinued Operations:        
Loss from discontinued operations 0 (18,631) 0 (18,631)
Income tax benefit on discontinued operations 0 25 0 25
Loss on Discontinued Operations 0 (18,606) 0 (18,606)
Net Income (Loss) (7,168) (51,878) 14,230 (59,819)
Dividends on preferred units 0 (574) 0 (1,491)
Net Income (Loss) Attributable to Common Shareholders/Unitholders (7,168) (52,452) 14,230 (61,310)
Net Income (Loss) Attributable to Common Shareholders/Unitholders $ (7,168) $ (52,452) $ 14,230 $ (61,310)
Net Income (Loss) per Share/Unit:        
Net Income (Loss) per Share/Unit from Continuing Operations, Basic (USD per Share/Unit) $ (0.37) $ (2.33) $ 0.73 $ (3.15)
Net Income (Loss) per Share/Unit from Continuing Operations, Diluted (USD per Share/Unit) (0.37) (2.33) 0.73 (3.15)
Net Loss per Share/Unit from Discontinued Operations, Basic (USD per Share/Unit) 0 (1.28) 0 (1.37)
Net Loss per Share/Unit from Discontinued Operations, Diluted (USD per Share/Unit) 0 (1.28) 0 (1.37)
Net Income (Loss) per Share/Unit, Basic (USD per Share/Unit) (0.37) (3.61) 0.73 (4.52)
Net Income (Loss) per Share/Unit, Diluted (USD per Share/Unit) $ (0.37) $ (3.61) $ 0.73 $ (4.52)
Weighted Average Common Shares/Units Outstanding:        
Basic (in Shares/Units) 19,501 14,542 19,485 13,575
Diluted (in Shares/Units) 19,501 14,542 19,584 13,575
Oil and natural gas sales, net        
Revenues:        
Total Revenues $ 66,645 $ 36,659 $ 123,295 $ 59,073
Contract services - related parties        
Revenues:        
Total Revenues $ 600 $ 600 $ 1,200 $ 1,200