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CONDENSED CONSOLIDATED INCOME STATEMENTS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues        
Total revenues $ 39,822 $ 30,057 $ 116,957 $ 86,317
Expenses        
Lease operating expenses 10,911 9,104 28,384 28,734
Production, ad valorem, and other taxes 2,155 1,813 7,412 5,550
Depreciation and depletion—oil and natural gas 9,400 8,345 26,106 16,771
Depreciation and amortization—other 1,638 1,605 4,853 4,947
General and administrative 2,737 2,304 9,618 8,686
Restructuring expenses 305 260 757 341
(Gain) loss on derivative contracts (2,364) (1,866) (5,936) (1,866)
Other operating (income) expense 0 0 0 24
Total expenses 24,782 21,565 71,194 63,187
Income from operations 15,040 8,492 45,763 23,130
Other income (expense)        
Interest income (expense), net 916 1,553 2,803 6,742
Other income (expense), net (3) 0 (6) 92
Total other income (expense) 913 1,553 2,797 6,834
Income (loss) before income taxes 15,953 10,045 48,560 29,964
Income tax (benefit) expense 0 (15,439) 0 (15,439)
Net income (loss) $ 15,953 $ 25,484 $ 48,560 $ 45,403
Net income (loss) per share        
Basic (in dollars per share) $ 0.44 $ 0.69 $ 1.32 $ 1.22
Diluted (in dollars per share) $ 0.43 $ 0.69 $ 1.32 $ 1.22
Weighted average number of common shares outstanding        
Basic (in shares) 36,671 37,134 36,789 37,087
Diluted (in shares) 36,708 37,180 36,848 37,150