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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Oil, natural gas and natural gas liquids revenues $ 147,858,000 $ 152,766,000 $ 461,345,000 $ 430,887,000
Lease bonus and other income 1,517,000 3,944,000 7,969,000 13,115,000
Total revenues 149,375,000 156,710,000 469,314,000 444,002,000
Operating expenses:        
Depreciation, depletion and amortization 78,093,000 80,716,000 239,896,000 222,718,000
General and administrative 14,382,000 12,044,000 40,849,000 37,786,000
Severance and ad valorem taxes 10,196,000 12,124,000 34,655,000 32,927,000
Impairment of oil and gas properties 0 0 0 25,617,000
Total operating expenses 102,671,000 104,884,000 315,400,000 319,048,000
Net income from operations 46,704,000 51,826,000 153,914,000 124,954,000
Other income (expense):        
Interest expense, net (22,511,000) (26,373,000) (63,709,000) (71,735,000)
Change in fair value of warrant liability 0 8,000 0 2,950,000
Loss on extinguishment of debt 0 (687,000) 0 (1,470,000)
Commodity derivatives gains (losses) 7,785,000 (24,125,000) (2,872,000) (3,250,000)
Interest rate derivative gains 0 9,000 0 456,000
Net income before taxes 31,978,000 658,000 87,333,000 51,905,000
Income tax expense (4,111,000) (383,000) (11,733,000) (6,884,000)
Net income 27,867,000 275,000 75,600,000 45,021,000
Net (income) loss attributable to noncontrolling interest (15,304,000) 12,000 (41,715,000) (22,877,000)
Net income attributable to Class A stockholders $ 12,563,000 $ 287,000 $ 33,885,000 $ 22,144,000
Net income (loss) per share of Class A Common Stock        
Basic (in USD per share) $ 0.15 $ 0 $ 0.41 $ 0.26
Diluted (in USD per share) $ 0.15 $ 0 $ 0.41 $ 0.26
Weighted average Class A Common Stock outstanding        
Basic (in shares) 80,142 81,712 81,095 80,984
Diluted (in shares) 80,278 157,260 81,263 80,984