v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Total operating revenues $ 54,020 $ 45,127 $ 100,447 $ 87,730
Operating expenses:        
Operating and maintenance expenses 29,061 21,864 52,215 39,422
General and administrative expenses 7,666 9,044 15,686 17,798
Royalties, transportation, gathering and production fuel 8,814 9,168 16,851 16,739
Depreciation, depletion and amortization 7,904 7,029 16,277 13,293
Impairment loss 650 377 1,093 2,424
Total operating expenses 54,095 47,482 102,122 89,676
Operating loss (75) (2,355) (1,675) (1,946)
Other expenses (income):        
Interest expense 1,531 1,216 2,866 2,459
Income from equity investment (3,772) 0 (7,092) 0
Loss on extinguishment of debt 0 0 944 0
Other (income) loss (50) 40 (316) (13)
Total other (income) expenses (2,291) 1,256 (3,598) 2,446
Income (loss) before income taxes 2,216 (3,611) 1,923 (4,392)
Income tax expense 1,990 1,876 1,692 1,559
Net income (loss) $ 226 $ (5,487) $ 231 $ (5,951)
Income (loss) per share:        
Basic $ 0 $ (0.04) $ 0 $ (0.04)
Diluted $ 0 $ (0.04) $ 0 $ (0.04)
Weighted-average common shares outstanding:        
Basic 143,244,544 143,035,626 143,244,544 142,874,606
Diluted 143,932,316 143,035,626 143,916,829 142,874,606