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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 18,670 $ 13,049
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation, depletion, and amortization 11,443 10,019
(Gain) loss on derivative contracts 3,526 2,487
Settlement gains (losses) on derivative contracts 130 (159)
Stock-based compensation 702 650
Other (44) 300
Changes in operating assets and liabilities (14,668) (6,015)
Net cash provided by operating activities 19,759 20,331
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures for property, plant and equipment (20,864) (6,411)
Acquisition of oil and natural gas assets (2,651) (2,568)
Purchase of other property and equipment 0 (325)
Proceeds from sale of assets 0 49
Net cash used in investing activities (23,515) (9,255)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends paid to stockholders (3,862) (4,086)
Reduction of financing lease liability (226) (199)
Repurchases of common stock 0 (5,047)
Tax withholdings paid in exchange for shares withheld on employee vested stock awards (405) (146)
Net cash used in financing activities (4,493) (9,478)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS and RESTRICTED CASH (8,249) 1,598
CASH, CASH EQUIVALENTS and RESTRICTED CASH, beginning of year 112,345 99,511
CASH, CASH EQUIVALENTS and RESTRICTED CASH, end of period 104,096 101,109
Supplemental Disclosure of Cash Flow Information    
Cash paid for interest, net of amounts capitalized (56) (28)
Supplemental Disclosure of Noncash Investing and Financing Activities    
Capital expenditures for property, plant and equipment in accounts payable and accrued expenses 10,620 4,092
Right-of-use assets obtained in exchange for financing lease obligations 200 229
Inventory material transfers to oil and natural gas properties 0 5
Asset retirement obligation capitalized 12 7
Asset retirement obligation removed due to divestiture 0 (288)
Change in accrued excise tax on repurchases of common stock 0 47
Change in dividends payable $ (6) $ 9