XML 28 R5.htm IDEA: XBRL DOCUMENT v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended 138 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Cash flows from operating activities:      
Net income (loss) $ 1,473 $ 4,080  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depletion, depreciation, and accretion 21,993 20,062  
Stock-based compensation 2,482 2,137  
Settlement of asset retirement obligations (385) (20)  
Deferred income taxes (468) (101)  
Unrealized (gain) loss on derivative contracts 492 893  
Accrued settlements on derivative contracts (251) 67  
Other (8)    
Changes in operating assets and liabilities:      
Receivables from crude oil, natural gas, and natural gas liquids revenues 75 (2,910)  
Prepaid expenses and other current assets 2,925 (1,562)  
Accounts payable and accrued liabilities and other 4,798 374  
State and federal taxes payable (74) (291)  
Net cash provided by operating activities 33,052 22,729  
Cash flows from investing activities:      
Acquisition of oil and natural gas properties (9,019) (38,734)  
Capital expenditures for oil and natural gas properties (12,623) (10,899)  
Net cash used in investing activities (21,642) (49,633)  
Cash flows from financing activities:      
Common stock dividends paid (16,347) (16,040) $ (134,800)
Common stock repurchases, including stock surrendered for tax withholding (442) (1,144)  
Borrowings under senior secured credit facility 2,000 42,500  
Repayments of senior secured credit facility (4,000) (3,000)  
Debt issuance costs (90)    
Issuance of common stock 3,840    
Offering costs (310)    
Net cash provided by (used in) financing activities (15,349) 22,316  
Net increase (decrease) in cash and cash equivalents (3,939) (4,588)  
Cash and cash equivalents, beginning of period 6,446 11,034  
Cash and cash equivalents, end of period 2,507 6,446 $ 2,507
Supplemental disclosures of cash flow information:      
Cash paid for interest on senior secured credit facility 3,082 1,331  
Cash paid for income taxes 874 2,804  
Cash refunded from income taxes 1,000    
Non-cash investing and financing transactions:      
Increase (decrease) in accrued capital expenditures for oil and natural gas properties (79) (1,969)  
Oil and natural gas property costs attributable to the recognition of asset retirement obligations 800 $ 887  
Accrued debt issuance costs 275    
Accrued offering costs $ 10