v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities    
Net (loss) income $ (9,199) $ 27,327
Adjustments to reconcile net (loss) income to net cash from changes in operating activities:    
Depletion, depreciation, amortization, and accretion 65,996 61,139
Unrealized loss (gain) on commodity derivative instruments 7,964 (12,325)
Equity-based compensation 3,460 4,873
Deferred income taxes (2,689) 9,122
Amortization of debt issuance costs 469 421
Changes in operating assets and liabilities that provided (used) cash:    
Accrued revenue (21,809) (2,263)
Prepaid expenses and other current assets 2,691 756
Accounts payable 6 (2,384)
Accrued liabilities 2,588 (3,502)
Other (9) 341
Net cash provided by operating activities 49,468 83,505
Cash Flows from Investing Activities    
Divestiture (Acquisition), net, of oil and gas properties 694 (1,647)
Development of oil and gas properties (40,074) (64,467)
Purchase of other property and equipment (8) (4)
Net cash used in Investing Activities (39,388) (66,118)
Cash Flows from Financing Activities    
Proceeds from revolving credit facility 49,000 47,500
Repayments of revolving credit facility (15,000) (58,500)
Dividends paid (44,131) (47,834)
Cash acquired associated with the Lucero Acquisition 0 49,846
Equity issuance costs for Powder River Basin Acquisition (131) 0
Stock exchanged for tax withholding 0 (9,157)
Debt issuance costs (262) (247)
Net cash used in Financing Activities (10,524) (18,392)
Net change in cash (444) (1,005)
Cash—Beginning of period 1,328 2,967
Cash—End of period 884 1,962
Supplemental Disclosure of Cash Flow Information    
Cash paid for interest 3,625 5,169
Cash paid for income taxes 0 0
Supplemental Disclosure of Noncash Activity    
Oil and gas properties included in accounts payable and accrued liabilities 29,565 43,550
Asset retirement obligations capitalized to oil and gas properties 1,025 3,075
Issuance of common stock related to acquisitions $ 36,582 $ 194,279