Segments (Tables)

The following table presents consolidated net income, the significant measure of profit and loss used by the CODM, as well as total assets, capital expenditures and our equity method investment for the Company's single reportable segment:


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
	(In thousands)
Total Revenues	$	85,394	$	105,403	$	187,851	$	205,147
Less:

Lease operating expenses	18,880		16,492		37,211		33,261
Production and ad valorem taxes	6,126		7,174		12,796		14,405
Exploration costs	47		60		56		64
Depletion, depreciation, amortization and accretion	19,563		17,470		38,701		35,249
Impairment of oil and natural gas properties	1,214		—		1,214		—

Administrative Costs	6,199		6,644		13,637		11,983
Share-based compensation expense	2,685		3,281		4,054		4,973
Other segment items(1)	1,926		670		1,926		1,033
Interest expense, net of capitalized interest(2)	7,320		9,093		14,111		18,367
Interest income	(149)		(236)		(279)		(443)
(Gain) loss on derivatives, net	(18,720)		359		(12,870)		17,436
Loss from equity method investment	129		192		248		25
Income tax expense	9,704		10,656		17,943		16,488
Segment net income(3)	$	30,470	$	33,548	$	59,103	$	52,306



Total assets	$	1,033,567	$	1,002,957	$	1,033,567	$	1,002,957
Capital expenditures(4)	$	27,786	$	21,438	$	51,786	$	47,620
Equity method investment	$	28,813	$	20,757	$	28,813	$	20,757

_____________________

(1)Other segment items include transaction costs and cost of contract services - related parties.

(2)Interest expense is shown gross of, or prior to the effect of interest income.

(3)There are no reconciling items between net income presented in our accompanying condensed consolidated statements of operations and segment net income.

(4)Capital expenditures are accrual (activity-based) before acquisitions.