v3.25.4
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 145 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2025
Cash flows from operating activities:          
Net income (loss)     $ 1,889 $ 240  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:          
Depletion, depreciation, and accretion $ 5,919 $ 5,433 11,880 11,158  
Stock-based compensation     1,150 1,218  
Settlement of asset retirement obligations     (180) (280)  
Deferred income taxes     (1,299) (29)  
Unrealized (gain) loss on derivative contracts     (2,746) (500)  
Accrued settlements on derivative contracts     (10) (57)  
Amortization of debt issuance costs     78    
Other     (8) (3)  
Changes in operating assets and liabilities:          
Receivables from crude oil, natural gas, and natural gas liquids revenues     1,509 (8)  
Prepaid expenses and other current assets     1,359 435  
Accounts payable, accrued liabilities and other     (1,664) 3,233  
State and federal taxes payable     1,272 (74)  
Net cash provided by operating activities     13,230 15,333  
Cash flows from investing activities:          
Acquisition of oil and natural gas properties     (16,647) (331)  
Capital expenditures for oil and natural gas properties     (4,656) (3,498)  
Net cash used in investing activities     (21,303) (3,829)  
Cash flows from financing activities:          
Common stock dividends paid     (8,352) (8,115) $ (143,100)
Common stock repurchases, including stock surrendered for tax withholding     (182) (191)  
Borrowings under senior secured credit facility     20,000    
Repayments of senior secured credit facility     (3,000)    
Debt issuance costs     (379)    
Issuance of common stock     1,272 2,259  
Offering costs     (31) (236)  
Net cash provided by (used in) financing activities     9,328 (6,283)  
Net increase (decrease) in cash and cash equivalents     1,255 5,221  
Cash and cash equivalents, beginning of period     2,507 6,446  
Cash and cash equivalents, end of period $ 3,762 $ 11,667 3,762 11,667 $ 3,762
Non-cash investing and financing transactions:          
Increase (decrease) in accrued capital expenditures for oil and natural gas properties     (1,340) (1,709)  
Oil and natural gas property costs attributable to the recognition (derecognition) of asset retirement obligations     $ (178) $ (47)