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CONDENSED CONSOLIDATED INCOME STATEMENTS (Unaudited) - USD ($)
shares in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues    
Total revenues $ 49,777,000 $ 42,604,000
Expenses    
Lease operating expenses 10,787,000 10,917,000
Production, ad valorem, and other taxes 3,021,000 3,099,000
Depreciation and depletion—oil and natural gas 9,820,000 8,416,000
Depreciation and amortization—other 1,623,000 1,603,000
General and administrative 2,988,000 3,853,000
Restructuring expenses 146,000 40,000
(Gain) loss on derivative contracts 3,526,000 2,487,000
Other operating (income) expense 10,000 0
Total expenses 31,921,000 30,415,000
Income from operations 17,856,000 12,189,000
Other income (expense)    
Interest income (expense), net 814,000 860,000
Total other income (expense) 814,000 860,000
Income (loss) before income taxes 18,670,000 13,049,000
Income tax (benefit) expense 0 0
Net income (loss) $ 18,670,000 $ 13,049,000
Net income (loss) per share    
Basic (in dollars per share) $ 0.51 $ 0.35
Diluted (in dollars per share) $ 0.50 $ 0.35
Weighted average number of common shares outstanding    
Basic (in shares) 36,770 37,041
Diluted (in shares) 36,992 37,080