v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 1,054 $ 1,813
Accounts receivable—oil, natural gas, and natural gas liquids sales 114,376 184,649
Accounts receivable—joint interest and other 13,643 9,282
Prepaid expenses and other current assets 9,566 7,952
Short-term derivative instruments 82,220 45,155
Total current assets 220,859 248,851
Property and equipment:    
Proved oil and natural gas properties 4,217,986 3,902,539
Unproved properties 286,051 232,959
Other property and equipment 14,136 13,008
Total property and equipment 4,518,173 4,148,506
Less: accumulated depletion, depreciation and amortization (2,016,730) (1,868,481)
Total property and equipment, net 2,501,443 2,280,025
Other assets:    
Long-term derivative instruments 34,119 15,303
Deferred tax asset 397,865 465,738
Operating lease assets 153 561
Other assets 16,575 19,062
Total other assets 448,712 500,664
Total assets 3,171,014 3,029,540
Current liabilities:    
Accounts payable and accrued liabilities 367,021 342,382
Short-term derivative instruments 16,073 21,865
Current portion of operating lease liabilities 148 550
Total current liabilities 383,242 364,797
Non-current liabilities:    
Long-term derivative instruments 3,810 8,916
Asset retirement obligation 34,426 32,912
Non-current operating lease liabilities 5 10
Long-term debt 922,257 788,187
Total non-current liabilities 960,498 830,025
Total liabilities 1,343,740 1,194,822
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Common stock - $0.0001 par value, 42.0 million shares authorized, 17.7 million issued and outstanding at June 30, 2026, and 18.8 million issued and outstanding at December 31, 2025 2 2
Additional paid-in capital 0 0
Retained earnings 1,827,704 1,834,716
Treasury stock, at cost - 2.5 thousand shares at June 30, 2026 and 0 shares at December 31, 2025 (432) 0
Total stockholders’ equity 1,827,274 1,834,718
Total liabilities and stockholders’ equity $ 3,171,014 $ 3,029,540