XML 23 R4.htm IDEA: XBRL DOCUMENT v3.25.2
CONDENSED CONSOLIDATED INCOME STATEMENTS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues        
Total revenues $ 34,531 $ 25,977 $ 77,135 $ 56,260
Expenses        
Lease operating expenses 6,556 8,738 17,473 19,630
Production, ad valorem, and other taxes 2,158 1,841 5,257 3,737
Depreciation and depletion—oil and natural gas 8,290 4,350 16,706 8,426
Depreciation and amortization—other 1,612 1,664 3,215 3,342
General and administrative 3,028 3,050 6,881 6,382
Restructuring expenses 412 81 452 81
(Gain) loss on derivative contracts (6,059) 0 (3,572) 0
Other operating (income) expense 0 33 0 24
Total expenses 15,997 19,757 46,412 41,622
Income from operations 18,534 6,220 30,723 14,638
Other income (expense)        
Interest income (expense), net 1,027 2,491 1,887 5,189
Other income (expense), net (3) 83 (3) 92
Total other income (expense) 1,024 2,574 1,884 5,281
Income (loss) before income taxes 19,558 8,794 32,607 19,919
Income tax (benefit) expense 0 0 0 0
Net income (loss) $ 19,558 $ 8,794 $ 32,607 $ 19,919
Net income (loss) per share        
Basic (in dollars per share) $ 0.53 $ 0.24 $ 0.88 $ 0.54
Diluted (in dollars per share) $ 0.53 $ 0.24 $ 0.88 $ 0.54
Weighted average number of common shares outstanding        
Basic (in shares) 36,661 37,083 36,850 37,063
Diluted (in shares) 36,677 37,158 36,884 37,108