v3.26.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income (loss) $ (38,116) $ (5,861)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion and amortization 5,660 8,494
Loss (gain) on derivative instruments 45,822 14,317
Cash settlements (paid) received on expired derivative instruments (2,554) 503
Cash settlements received (paid) on terminated derivative instruments (350) 0
Deferred income tax expense (benefit) (11,558) (1,538)
Accretion of asset retirement obligations 1,248 2,183
(Gain) loss on sale of properties (164) 0
Share-based compensation (see Note 11) 2,056 1,890
Settlement of asset retirement obligations 0 (174)
Amortization and write-off of deferred financing costs 80 315
Changes in operating assets and liabilities:    
Accounts receivable 10,280 3,820
Prepaid expenses and other assets 437 3,073
Payables and accrued liabilities (8,626) (1,521)
Other 259 0
Net cash provided by operating activities 4,474 25,501
Cash flows from investing activities:    
Additions to oil and gas properties (19,016) (24,899)
Additions to other property and equipment (36) (313)
Additions to restricted investments (2,506) (2,536)
Proceeds from the sale of other oil and natural gas properties 0 6,251
Net cash used in investing activities (21,558) (21,497)
Cash flows from financing activities:    
Advances on Revolving Credit Facility 0 34,000
Payments on Revolving Credit Facility 0 (36,000)
Shares withheld for taxes (2,096) (2,004)
Net cash used in financing activities (2,096) (4,004)
Net change in cash and cash equivalents (19,180) 0
Cash and cash equivalents, beginning of period 60,666 0
Cash and cash equivalents, end of period $ 41,486 $ 0