v3.25.1
Revenue (Tables)
3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Summary Of Company's Revenue from Contracts with Customers and Other Revenue
The following tables present the Company’s revenue from contracts with customers and other revenue for the three months ended March 31, 2025, and 2024 by segment:
 
    
Three Months Ended March 31, 2025
 
(in thousands)
  
Mineral and
Non-Operating
    
Operating
    
Securities
    
Eliminations
   
Total
 
Revenue from customers
   $ 29,886      $ 85,772      $ —       $ —      $ 115,658  
Other revenue
     —         —         89        —        89  
Intersegment revenue
     38        —         29,752        (29,790     —   
  
 
 
    
 
 
    
 
 
    
 
 
   
 
 
 
Total
   $ 29,924      $ 85,772      $ 29,841      $ (29,790   $ 115,747  
  
 
 
    
 
 
    
 
 
    
 
 
   
 
 
 
 
    
Three Months Ended March 31, 2024
 
(in thousands)
  
Mineral and
Non-Operating
    
Operating
    
Securities
    
Eliminations
   
Total
 
Revenue from customers
   $ 33,984      $ 6,678      $ —       $ —      $ 40,662  
Other revenue
     —         —         18        —        18  
Intersegment revenue
     11        —         15,543        (15,554     —   
  
 
 
    
 
 
    
 
 
    
 
 
   
 
 
 
Total
   $ 33,995      $ 6,678      $ 15,561      $ (15,554   $ 40,680  
  
 
 
    
 
 
    
 
 
    
 
 
   
 
 
 
Summary Of Company's Revenue from Contracts with Customers Disaggregated by Product Type
The following tables present the Company’s revenue from contracts with customers disaggregated by product type for the periods presented:
 
    
Three Months Ended March 31, 2025
 
(in thousands)
  
Mineral and
Non-Operating
    
Operating
    
Securities
    
Eliminations
    
Total
 
Crude oil
   $ 26,263      $ 83,202      $ —       $ —       $ 109,465  
Natural gas sales
     1,803        428        —         —         2,231  
NGL
     1,820        639        —         —         2,459  
Water services
     —         1,503        —         —         1,503  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
Total revenue
   $ 29,886      $ 85,772      $ —       $ —       $ 115,658  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
 
    
Three Months Ended March 31, 2024
 
(in thousands)
  
Mineral and
Non-Operating
    
Operating
    
Securities
    
Eliminations
    
Total
 
Crude oil
   $ 30,760      $ 6,554      $ —       $ —       $ 37,314  
Natural gas sales
     1,366        15        —         —         1,381  
NGL
     1,858        109        —         —         1,967  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
Total revenue
   $ 33,984      $ 6,678      $ —       $ —       $ 40,662