v3.25.2
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue        
Total revenues $ 288,517 $ 239,994 $ 515,285 $ 479,149
Operating expenses        
Lease operating expense 49,566 46,497 98,318 87,257
Production taxes 10,496 11,302 23,270 24,054
Depreciation, depletion, amortization and accretion – oil and natural gas 64,340 65,819 125,525 131,191
Depreciation and amortization – other 2,758 2,242 5,158 4,340
Total operating expenses 177,220 169,511 352,316 341,422
Income from operations 111,297 70,483 162,969 137,727
Other (expense) income        
Interest expense (12,140) (27,046) (30,034) (53,331)
Loss on debt extinguishment 0 0 (18,540) 0
Other income (expense), net (9,496) (3,921) (8,848) (3,178)
Total other expense (21,636) (30,967) (57,422) (56,509)
Net income $ 89,661 $ 39,516 $ 105,547 $ 81,218
Net income per common unit:        
Net income per common unit, basic (dollars per share) $ 0.76 $ 0.42 $ 0.92 $ 0.85
Net income per common unit, diluted (dollars per share) $ 0.76 $ 0.42 $ 0.92 $ 0.85
Weighted average common units outstanding:        
Weighted average common units outstanding, basic (shares) 118,336 95,009 115,248 95,004
Weighted average common units outstanding, diluted (shares) 118,389 95,187 115,313 95,129
Nonrelated Party        
Operating expenses        
General and administrative $ 6,952 $ 9,568 $ 15,969 $ 18,046
Related Party        
Operating expenses        
General and administrative 1,850 1,850 3,700 3,700
Net oil, natural gas, and NGL sales        
Revenue        
Total revenues 219,412 231,539 472,138 486,779
Operating expenses        
Cost of revenue 31,784 23,831 59,945 55,773
Gain (loss) on oil and natural gas derivatives        
Revenue        
Total revenues 55,579 (4,635) 14,886 (33,903)
Midstream revenue        
Revenue        
Total revenues 6,257 6,441 12,387 12,660
Operating expenses        
Cost of revenue 3,200 2,616 6,170 5,175
Product sales        
Revenue        
Total revenues 7,269 6,649 15,874 13,613
Operating expenses        
Cost of revenue $ 6,274 $ 5,786 $ 14,261 $ 11,886