v3.26.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues:    
Total revenues $ 37,464 $ 72,050
Costs and expenses:    
Lease operating expense 22,154 37,417
Gathering, processing and transportation 759 4,286
Taxes other than income 2,340 4,384
Depreciation, depletion and amortization 5,660 8,494
General and administrative expense 8,913 10,815
Accretion of asset retirement obligations 1,248 2,183
Loss (gain) on commodity derivative instruments 45,822 14,317
Pipeline incident loss 12 396
(Gain) loss on sale of properties (164) (6,251)
Other, net 30 3
Total costs and expenses 86,774 76,044
Operating income (loss) (49,310) (3,994)
Other income (expense):    
Interest expense, net (988) (3,519)
Other income (expense) 624 115
Total other income (expense) (364) (3,404)
Income (loss) before income taxes (49,674) (7,398)
Income tax (expense) benefit - current 0 (1)
Income tax (expense) benefit - deferred 11,558 1,538
Net income (loss) $ (38,116) $ (5,861)
Earnings (loss) per share: (See Note 10)    
Basic earnings (loss) per share (in $ per share) $ (0.93) $ (0.15)
Diluted earnings (loss) per share (in $ per share) $ (0.93) $ (0.15)
Weighted average common shares outstanding:    
Basic (in shares) 41,143 40,188
Diluted (in shares) 41,143 40,188
Oil and natural gas sales    
Revenues:    
Total revenues $ 37,263 $ 70,341
Other revenues    
Revenues:    
Total revenues $ 201 $ 1,709