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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 48,560 $ 45,403
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation, depletion, and amortization 30,959 21,718
Deferred income taxes 0 (15,439)
(Gain) loss on derivative contracts (5,936) (1,866)
Settlement gains (losses) on derivative contracts 3,980 199
Stock-based compensation 2,058 1,779
Other 219 118
Changes in operating assets and liabilities (11,390) (3,972)
Net cash provided by operating activities 68,450 47,940
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures for property, plant and equipment (41,361) (13,572)
Acquisition of assets (7,790) (125,950)
Purchase of other property and equipment (562) (1)
Sales tax refund on completion costs 2,800 0
Proceeds from sale of assets 785 861
Net cash used in investing activities (46,128) (138,662)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends paid to stockholders (12,014) (68,222)
Reduction of financing lease liability (586) (563)
Repurchases of common stock (6,403) 0
Tax withholdings paid in exchange for shares withheld on employee vested stock awards (243) (356)
Net cash used in financing activities (19,246) (69,141)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS and RESTRICTED CASH 3,076 (159,863)
CASH, CASH EQUIVALENTS and RESTRICTED CASH, beginning of year 99,511 253,944
CASH, CASH EQUIVALENTS and RESTRICTED CASH, end of period 102,587 94,081
Supplemental Disclosure of Cash Flow Information    
Cash paid for interest, net of amounts capitalized (228) (92)
Supplemental Disclosure of Noncash Investing and Financing Activities    
Capital expenditures for property, plant and equipment in accounts payable and accrued expenses 10,456 661
Non-cash acquisition purchase price adjustments 241 6,852
Right-of-use assets obtained in exchange for financing lease obligations 229 230
Inventory material transfers to oil and natural gas properties 3 141
Asset retirement obligation capitalized 40 51
Asset retirement obligation removed due to divestiture (288) 0
Change in accrued excise tax on repurchases of common stock (52) 0
Change in dividends payable $ 12 $ 42