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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Cash flows from operating activities:          
Net (loss) income $ (5,487) $ (712) $ (5,951) $ 1,138  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation, depletion and amortization     13,293 11,257  
Provision for deferred income taxes     1,596 168  
Stock-based compensation     3,639 4,339  
Derivative mark-to-market adjustments and settlements     341 (26)  
Net loss on sale of assets     36 71  
Increase (decrease) in earn-out liability     360 (465)  
Accretion of asset retirement obligations     239 220 $ 445
Liabilities associated with properties sold     0 (225)  
Amortization of debt issuance costs 99 90 195 180  
Impairment loss 377 [1] 171 [2] 2,424 [3] 699 [4]  
Accounts receivable     629 (9,232)  
Royalty offset long term receivable     (2,645) (2,141)  
Critical spare inventory     (1,030) 735  
Prepaid Insurance and expenses     (2,003) (2,779)  
Income tax payables     (606) (819)  
Accounts payable and Accrued liabilities     7,247 11,268  
Other     (418) 97  
Net cash provided by operating activities     17,346 14,485  
Cash flows from investing activities:          
Capital expenditures (33,666) (18,777) (45,298) (40,764)  
Asset acquisition     0 (820)  
Capital contributions to equity method investments     (2,150) 0  
Cash collateral deposits     2 29  
Net cash used in investing activities     (47,446) (41,555)  
Cash flows from financing activities:          
Borrowings on long term debt     20,000 0  
Repayments of long-term debt     (6,000) (4,000)  
Common stock issuance     4 2  
Treasury stock purchase     (354) (397)  
Finance lease payments     (36) (32)  
Net cash provided (used) in financing activities     13,614 (4,427)  
Net decrease in cash and cash equivalents and restricted cash     (16,486) (31,497)  
Cash and cash equivalents and restricted cash at beginning of period     46,004 74,242 74,242
Cash and cash equivalents and restricted cash at end of period 29,518 42,745 29,518 42,745 46,004
Reconciliation of cash, cash equivalents, and restricted cash at end of period:          
Cash and cash equivalents 29,133 42,285 29,133 42,285 45,621
Restricted cash and cash equivalents - current 8 8 8 8 8
Restricted cash and cash equivalents - non-current 377 452 377 452 375
Reconciliation of cash, cash equivalents, and restricted cash at end of year $ 29,518 $ 42,745 29,518 42,745 $ 46,004
Supplemental cash flow information:          
Cash paid for interest, net of $64 and $0 capitalized, respectively     2,501 2,366  
Cash paid for income taxes     569 1,407  
Accrual for purchase of property, plant and equipment included in accounts payable and accrued liabilities     $ 19,367 $ 7,697  
[1] Significant expenses regularly provided to the CODM.
[2] Significant expenses regularly provided to the CODM.
[3] Significant expenses regularly provided to the CODM.
[4] Significant expenses regularly provided to the CODM.