Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
|
| Revenues: | ||||
| Oil, natural gas and natural gas liquids revenues | $ 140,805 | $ 165,516 | $ 299,118 | $ 313,487 |
| Lease bonus and other income | 4,854 | 3,032 | 10,056 | 6,452 |
| Total revenues | 145,659 | 168,548 | 309,174 | 319,939 |
| Operating expenses: | ||||
| Depreciation, depletion and amortization | 75,901 | 85,485 | 153,380 | 161,803 |
| General and administrative | 20,099 | 13,456 | 35,861 | 26,467 |
| Production taxes and other | 12,454 | 12,433 | 25,436 | 24,459 |
| Total operating expenses | 108,454 | 111,374 | 214,677 | 212,729 |
| Income from operations | 37,205 | 57,174 | 94,497 | 107,210 |
| Other income (expense): | ||||
| Interest expense, net | (23,049) | (22,688) | (46,318) | (41,198) |
| Commodity derivatives gains (losses) | 807 | (607) | (101) | (10,657) |
| Income before taxes | 14,963 | 33,879 | 48,078 | 55,355 |
| Income tax expense | (415) | (4,838) | (7,246) | (7,622) |
| Net income | 14,548 | 29,041 | 40,832 | 47,733 |
| Net income attributable to noncontrolling interest | (7,275) | (16,187) | (23,293) | (26,411) |
| Net income attributable to Class A stockholders | $ 7,273 | $ 12,854 | $ 17,539 | $ 21,322 |
| Net income per share of Class A Common Stock | ||||
| Basic (in USD per share) | $ 0.08 | $ 0.16 | $ 0.20 | $ 0.25 |
| Diluted (in USD per share) | $ 0.08 | $ 0.15 | $ 0.20 | $ 0.25 |
| Weighted average Class A Common Stock outstanding | ||||
| Basic (in shares) | 77,575 | 80,751 | 77,961 | 81,578 |
| Diluted (in shares) | 77,844 | 80,879 | 78,192 | 81,761 |
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- Definition Lease bonus and other income. No definition available.
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- Definition Severance and ad valorem taxes. No definition available.
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Aggregate net gain (loss) on all derivative instruments recognized in earnings during the period, before tax effects. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest income (expense) classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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