XML 16 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Total revenues $ 79,503 $ 71,971 $ 155,802 $ 151,841
Costs and expenses:        
Lease operating expense 36,311 34,903 74,595 67,863
Gathering, processing and transportation 4,895 5,149 9,669 10,751
Taxes other than income 4,631 5,205 9,542 10,498
Depreciation, depletion and amortization 7,827 7,072 16,066 12,880
General and administrative expense 8,358 7,778 18,158 16,292
Accretion of asset retirement obligations 2,096 1,975 4,157 3,917
Loss (gain) on commodity derivative instruments 1,225 (3,798) 17,789 (18,957)
Pipeline incident loss 500 6,844 1,207 15,123
Other, net 108 253 149 279
Total costs and expenses 65,951 65,381 151,332 118,646
Operating income (loss) 13,552 6,590 4,470 33,195
Other income (expense):        
Interest expense, net (3,632) (3,701) (7,159) (9,438)
Litigation settlement (See Note 16)       84,875
Other income (expense) (109) 122 (204) 195
Total other income (expense) (3,741) (3,579) (7,363) 75,632
Income (loss) before income taxes 9,811 3,011 (2,893) 108,827
Income tax (expense) benefit - current (557) 6,853 (1,952) (5,674)
Income tax (expense) benefit - deferred (2,135) (48) 2,568 259,422
Net income (loss) 7,119 9,816 (2,277) 362,575
Allocation of net income (loss) to:        
Net income (loss) available to common stockholders 6,773 9,383 (2,277) 346,153
Net income (loss) allocated to participating securities 346 433 0 16,422
Net Income (Loss) $ 7,119 $ 9,816 $ (2,277) $ 362,575
Earnings (loss) per share: (See Note 9)        
Basic earnings (loss) per share (in $ per share) $ 0.17 $ 0.24 $ (0.06) $ 8.91
Diluted earnings (loss) per share (in $ per share) $ 0.17 $ 0.24 $ (0.06) $ 8.91
Weighted average common shares outstanding:        
Basic (in shares) 39,629 38,971 39,519 38,833
Diluted (in shares) 39,629 38,971 39,519 38,833
Oil and natural gas sales        
Revenues:        
Total revenues $ 72,346 $ 67,393 $ 147,668 $ 133,677
Other revenues        
Revenues:        
Total revenues $ 7,157 $ 4,578 $ 8,134 $ 18,164