Subsequent Events

3 Months Ended

Mar. 31, 2026

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

On May 5, 2026, the Board increased its on-going quarterly dividend program by 8% to $0.13 per share. In addition, the Board declared a one-time dividend of $0.20 per share. Both dividends are payable on June 1, 2026 to stockholders of record on May 20, 2026. Stockholders can elect to receive the dividends in cash or additional shares of common stock by enrolling in the Company’s previously announced Dividend Reinvestment Plan

Subsequent to March 31, 2026, the Company entered into the following oil derivative producer costless collar contracts:

Period	Index	Daily Volume (Bbl)	Put (Per Bbl)		Call (Per Bbl)
June - December 2026	NYMEX WTI	280	$	80.00	$	100.00

Subsequent to March 31, 2026, the Company entered into the following NGL derivative swap contracts:

Period	Index	Daily Volume (Bbl)	Weighted Average Price Per Bbl
June - December 2026	Mont Belvieu OPIS	70	$47.88