Asset Retirement Obligations (Tables)

12 Months Ended

Jun. 30, 2025

Asset Retirement Obligations

Schedule of Reconciliations of the Beginning and Ending Asset Retirement Obligation Balances

The following is a reconciliation of the activity related to the Company’s ARO liability (inclusive of the current portion) for the years ended June 30, 2025 and 2024 (in thousands):

	June 30, 2025		June 30, 2024
Asset retirement obligations — beginning of period	$	19,411	$	17,067
Liabilities incurred		9		28
Liabilities settled		(230)		(39)
Liabilities acquired(1)		303		90
Accretion of discount		1,619		1,457
Revisions of previous estimates(2)		718		808
Asset retirement obligations — end of period		21,830		19,411
Less: current asset retirement obligations		(295)		(202)
Long-term portion of asset retirement obligations	$	21,535	$	19,209

(1) See Note 3, “Acquisitions,” for additional information on the Company’s acquisition activities.

(2) Primarily related to upward revisions for increased cost estimates for the years ended June 30, 2025 and 2024.