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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 11,125 $ 23,758
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation, depletion, and amortization 5,754 5,072
(Gain) loss on derivative contracts 0 (1,447)
Settlement gains (losses) on derivative contracts 0 5,876
Stock-based compensation 536 396
Other 40 38
Changes in operating assets and liabilities (1,774) 6,154
Net cash provided by operating activities 15,681 39,847
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures for property, plant and equipment (1,124) (9,392)
Purchase of other property and equipment (18) (16)
Proceeds from sale of assets 38 0
Net cash used in investing activities (1,104) (9,408)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends paid to shareholders (59,718) 0
Reduction of financing lease liability (207) (132)
Tax withholdings paid in exchange for shares withheld on employee vested stock awards (103) (211)
Net cash used in financing activities (60,028) (343)
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS and RESTRICTED CASH (45,451) 30,096
CASH, CASH EQUIVALENTS and RESTRICTED CASH, beginning of year 253,944 257,468
CASH, CASH EQUIVALENTS and RESTRICTED CASH, end of period 208,493 287,564
Supplemental Disclosure of Cash Flow Information    
Cash paid for interest, net of amounts capitalized (33) (32)
Supplemental Disclosure of Noncash Investing and Financing Activities    
Capital expenditures for property, plant and equipment in accounts payables and accrued expenses 605 8,904
Right-of-use assets obtained in exchange for financing lease obligations 230 0
Inventory material transfers to oil and natural gas properties 19 75
Asset retirement obligation capitalized 0 12
Change in dividends payable $ 247 $ 0