v3.25.2
UNAUDITED 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:        
Total revenues $ 68,361 $ 79,503 $ 140,411 $ 155,802
Costs and expenses:        
Lease operating expense 38,622 36,311 76,039 74,595
Gathering, processing and transportation 4,723 4,895 9,009 9,669
Taxes other than income 4,299 4,631 8,683 9,542
Depreciation, depletion and amortization 9,765 7,827 18,259 16,066
Impairment expense 8,448 0 8,448 0
General and administrative expense 11,197 8,358 22,012 18,158
Accretion of asset retirement obligations 2,210 2,096 4,393 4,157
Loss (gain) on commodity derivative instruments (22,162) 1,225 (7,845) 17,789
Pipeline incident loss 195 500 591 1,207
(Gain) loss on sale of properties (1,545) 0 (7,796) 0
Other, net 50 108 53 149
Total costs and expenses 55,802 65,951 131,846 151,332
Operating income (loss) 12,559 13,552 8,565 4,470
Other income (expense):        
Interest expense, net (3,594) (3,632) (7,113) (7,159)
Other income (expense) (666) (109) (551) (204)
Total other income (expense) (4,260) (3,741) (7,664) (7,363)
Income (loss) before income taxes 8,299 9,811 901 (2,893)
Income tax (expense) benefit - current (495) (557) (496) (1,952)
Income tax (expense) benefit - deferred (1,420) (2,135) 118 2,568
Net income (loss) 6,384 7,119 523 (2,277)
Allocation of net income (loss) to:        
Net income (loss) available to common stockholders, Basic 6,039 6,773 496 (2,277)
Net income (loss) available to common stockholders, Diluted 6,039 6,773 496 (2,277)
Net income (loss) allocated to participating securities 345 346 27 0
Net income (loss) $ 6,384 $ 7,119 $ 523 $ (2,277)
Earnings (loss) per share: (See Note 10)        
Basic earnings (loss) per share (in $ per share) $ 0.15 $ 0.17 $ 0.01 $ (0.06)
Diluted earnings (loss) per share (in $ per share) $ 0.15 $ 0.17 $ 0.01 $ (0.06)
Weighted average common shares outstanding:        
Basic (in shares) 40,349 39,629 40,269 39,519
Diluted (in shares) 40,349 39,629 40,269 39,519
Oil and natural gas sales        
Revenues:        
Total revenues $ 66,774 $ 72,346 $ 137,115 $ 147,668
Other revenues        
Revenues:        
Total revenues $ 1,587 $ 7,157 $ 3,296 $ 8,134