v3.25.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
OPERATING ACTIVITIES    
Net income $ 2,416 $ 10,267
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 21,429 10,517
Accretion of discount in asset retirement obligation 3,813 2,784
Derivative fair value (gain) loss 9,487 1,054
Net cash paid to derivative counterparties (1,896) (396)
Non-cash incentive compensation 2,131 1,141
Other non-cash items 258 241
Changes in operating assets and liabilities (7,028) (411)
Cash Provided by Operating Activities 30,610 25,197
INVESTING ACTIVITIES    
Proved property acquisition final settlement 1,755 0
Development costs (8,291) (2,835)
Unproved property acquisitions (53) (37)
Other property and asset additions (254) (143)
Cash Used by Investing Activities (6,843) (3,015)
FINANCING ACTIVITIES    
Proceeds from long-term debt 36,000 10,000
Payments on long-term debt (31,000) (12,000)
Proceeds from sale of units to cover withholding taxes 1,215 187
Withholding taxes paid on vesting of restricted units (1,151) (851)
Debt issuance costs 0 (2)
Distributions (25,294) (19,451)
Cash Used by Financing Activities (20,230) (22,117)
INCREASE IN CASH AND CASH EQUIVALENTS 3,537 65
Cash and Cash Equivalents, beginning of period 7,305 4,505
Cash and Cash Equivalents, end of period 10,842 4,570
Changes in Operating Assets and Liabilities    
Accounts receivable 1,195 2,100
Other current assets (1,914) (1,071)
Current liabilities (4,475) (1,087)
Other operating liabilities (1,834) (353)
Changes in Operating Assets and Liabilities $ 7,028 $ 411