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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Operating Revenues:        
Revenue $ 271,578 $ 345,586 $ 834,608 $ 810,140
Operating costs and expenses:        
Crude oil and natural gas production 35,413 39,820 98,482 107,696
Production and ad valorem taxes 15,412 18,839 46,410 44,395
Exploration and abandonments 362 1,728 1,027 4,372
Depletion, depreciation and amortization 136,578 117,420 395,121 291,562
Accretion of discount 241 122 722 360
General and administrative 4,971 6,934 14,391 11,952
Stock-based compensation 3,753 14,057 11,326 22,095
Total operating costs and expenses 196,730 198,920 567,479 482,432
Other expense 1,404 540 3,405 8,042
Income from operations 73,444 146,126 263,724 319,666
Interest income 2,172 730 6,964 923
Interest expense (42,579) (37,022) (129,204) (103,278)
Gain (loss) on derivative instruments, net 32,334 (29,655) (23,411) (30,898)
Loss on extinguishment of debt 0 (27,300) 0 (27,300)
Income before income taxes 65,371 52,879 118,073 159,113
Provision for income taxes 15,438 14,100 31,985 38,251
Net income $ 49,933 $ 38,779 $ 86,088 $ 120,862
Earnings per share: (in dollars per share) $ 0.35 $ 0.28 $ 0.6 $ 0.9
Basic net income (in dollars per share) $ 0.36 $ 0.28 $ 0.62 $ 0.94
Weighted average shares outstanding: (in shares) 129,094 127,006 129,581 120,531
Basic (in shares) 124,988 123,159 125,595 115,164
Dividends declared per share (in dollars per share) $ 0.04 $ 0.025 $ 0.12 $ 0.075
Crude Oil Sales [Member]        
Operating Revenues:        
Revenue $ 270,636 $ 338,372 $ 827,595 $ 790,458
Natural Gas and NGL Sales [Member]        
Operating Revenues:        
Revenue $ 942 $ 7,214 $ 7,013 $ 19,682