v3.25.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 70,203 $ 62,986 $ 60,857
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation, depletion and amortization 42,872 32,479 22,176
Deferred income taxes (5,535) (22,232) 13,960
(Gain) loss on derivative contracts (7,763) (748) (1,447)
Settlement gains (losses) on derivative contracts 5,189 548 5,876
Stock-based compensation 2,744 2,354 1,945
Other 412 1,517 159
Changes in operating assets and liabilities increasing (decreasing) cash      
Receivables (3,462) (842) 12,130
Prepaid expenses 2,622 (2,940) 93
Other current assets (5,029) 375 2,203
Other assets and liabilities, net 304 (1,501) (56)
Accounts payable and accrued expenses (1,419) 2,812 (1,409)
Asset retirement obligations (998) (875) (909)
Net cash provided by operating activities 100,140 73,933 115,578
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures for property, plant and equipment (58,611) (26,404) (26,375)
Acquisitions of assets (8,514) (129,664) (11,232)
Purchase of other property and equipment (562) (1) (29)
Sales tax refund on capitalized predecessor completion costs 2,800 0 0
Proceeds from sale of assets 876 1,373 1,472
Net used in investing activities (64,011) (154,696) (36,164)
CASH FLOWS FROM FINANCING ACTIVITIES      
Dividends paid to stockholders (15,864) (72,336) (81,515)
Reduction of financing lease liability (738) (708) (588)
Proceeds from exercise of stock options 0 0 94
Tax withholdings paid in exchange for shares withheld on employee vested stock awards (290) (393) (929)
Common stock repurchases (6,403) (233) 0
Net cash used in financing activities (23,295) (73,670) (82,938)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS and RESTRICTED CASH 12,834 (154,433) (3,524)
CASH, CASH EQUIVALENTS and RESTRICTED CASH, beginning of year 99,511 253,944 257,468
CASH, CASH EQUIVALENTS and RESTRICTED CASH, end of year $ 112,345 $ 99,511 $ 253,944