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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 15,299 $ 14,868
Prepaid expenses 5,027 7,638
Inventory 6,079 6,255
Commodity derivative assets, current 194 0
Asset held for sale 5,500 0
Total current assets 105,082 94,610
Natural gas properties    
Developed properties 2,364,068 2,315,167
Undeveloped properties 10,863 10,757
Midstream assets 276,742 276,644
Accumulated depreciation, depletion, and amortization (747,720) (714,287)
Total natural gas properties, net 1,903,953 1,888,281
Other property and equipment, net 94,781 97,300
Goodwill 18,417 18,417
Investment in joint venture 105,588 115,173
Commodity derivative assets 6,567 0
Other noncurrent assets 16,619 17,307
Total assets 2,251,007 2,231,088
Current liabilities    
Accounts payable and accrued liabilities 105,471 121,366
Contingent consideration payable 0 20,000
Commodity derivative liabilities, current 141,934 20,277
Income taxes payable to related party 1,868 1,438
Other current liabilities 4,284 3,124
Total current liabilities 253,557 166,205
Asset retirement obligations 200,680 198,795
Commodity derivative liabilities 50,240 47,357
Deferred tax liability, net 59,069 88,688
Long-term debt, net 200,000 165,000
Other noncurrent liabilities 5,667 5,469
Total liabilities 769,213 671,514
Commitments and contingencies (Note 10)
Stockholders' equity    
Common stock, $0.01 par value; 300,000 authorized shares; 84,708 and 84,600 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 1,513 1,512
Treasury stock, shares at cost; 214 shares and 214 shares as of March 31, 2025 and December 31, 2024, respectively (6,663) (6,663)
Additional paid-in capital 1,448,556 1,447,671
Retained earnings 38,388 117,054
Total stockholders' equity 1,481,794 1,559,574
Total liabilities and stockholders' equity 2,251,007 2,231,088
Nonrelated Party    
Current assets    
Accounts receivable 61,258 54,435
Related Party    
Current assets    
Accounts receivable $ 11,725 $ 11,414