CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Revenues: | ||||
| Total Revenues | $ 165,850 | $ 85,394 | $ 279,731 | $ 187,851 |
| Costs and Expenses: | ||||
| Lease operating expenses | 29,433 | 18,880 | 53,504 | 37,211 |
| Production and ad valorem taxes | 11,430 | 6,126 | 20,462 | 12,796 |
| Exploration costs | 466 | 47 | 1,433 | 56 |
| Depletion, depreciation, amortization and accretion | 24,651 | 19,563 | 50,371 | 38,701 |
| Impairment of oil and natural gas properties | 0 | 1,214 | 0 | 1,214 |
| General and administrative: | ||||
| Administrative costs | 8,720 | 6,199 | 16,840 | 13,637 |
| Stock-based compensation expense | 3,918 | 2,685 | 6,219 | 4,054 |
| Transaction costs | 0 | 1,926 | 0 | 1,926 |
| Total Costs and Expenses | 78,618 | 56,640 | 148,829 | 109,595 |
| Income from Operations | 87,232 | 28,754 | 130,902 | 78,256 |
| Other Income (Expense): | ||||
| Interest expense, net | (6,770) | (7,171) | (13,127) | (13,832) |
| Gain (loss) on derivatives, net | 33,235 | 18,720 | (93,735) | 12,870 |
| Income (loss) from equity method investment | 45 | (129) | (323) | (248) |
| Gain (loss) on acquisitions and divestitures, net | 961 | 0 | (1,736) | 0 |
| Total Other Income (Expense) | 27,471 | 11,420 | (108,921) | (1,210) |
| Net Income from Operations before Income Taxes | 114,703 | 40,174 | 21,981 | 77,046 |
| Income tax expense | (27,333) | (9,704) | (5,045) | (17,943) |
| Net Income | $ 87,370 | $ 30,470 | $ 16,936 | $ 59,103 |
| Net Income per Share: | ||||
| Basic (USD per Share) | $ 4.17 | $ 1.44 | $ 0.81 | $ 2.80 |
| Diluted (USD per Share) | $ 4.11 | $ 1.44 | $ 0.80 | $ 2.80 |
| Weighted Average Common Shares Outstanding: | ||||
| Basic (in Shares) | 20,937 | 21,141 | 20,903 | 21,126 |
| Diluted (in Shares) | 21,255 | 21,158 | 21,138 | 21,135 |
| Oil and natural gas sales, net | ||||
| Revenues: | ||||
| Total Revenues | $ 165,850 | $ 85,394 | $ 279,731 | $ 187,851 |
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- Definition Gain (Loss) On Acquisitions And Divestitures No definition available.
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- Definition Amount of expense for award under share-based payment arrangement. Excludes amount capitalized. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense for acquisition-related cost incurred to effect business combination. Includes, but is not limited to, finder's fee; advisory, legal, accounting, valuation, and other professional and consulting fees; and general administrative cost, including cost of maintaining internal acquisition department. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Exploration expenses (including prospecting) related to oil and gas producing entities and would be included in operating expenses of that entity. Costs incurred in identifying areas that may warrant examination and in examining specific areas that are considered to have prospects of containing oil and gas reserves, including costs of drilling exploratory wells and exploratory-type stratigraphic test wells. Exploration costs may be incurred both before acquiring the related property (sometimes referred to in part as prospecting costs) and after acquiring the property. Principal types of exploration costs, which include depreciation and applicable operating costs of support equipment and facilities and other costs of exploration activities, are: (i) Costs of topographical, geographical and geophysical studies, rights of access to properties to conduct those studies, and salaries and other expenses of geologists, geophysical crews, and others conducting those studies. Collectively, these are sometimes referred to as geological and geophysical or "G&G" costs. (ii) Costs of carrying and retaining undeveloped properties, such as delay rentals, ad valorem taxes on properties, legal costs for title defense, and the maintenance of land and lease records. (iii) Dry hole contributions and bottom hole contributions. (iv) Costs of drilling and equipping exploratory wells. (v) Costs of drilling exploratory-type stratigraphic test wells. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Aggregate net gain (loss) on all derivative instruments recognized in earnings during the period, before tax effects. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of impairment loss for oil and gas properties with proved and unproved reserves in oil- and gas-producing activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of operating lease expense. Excludes sublease income. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of general and administrative expense classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition A tax assessed on oil and gas production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- References No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Details
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