CONDENSED CONSOLIDATED INCOME STATEMENTS (Unaudited) - USD ($) shares in Thousands |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2026 |
Mar. 31, 2026 |
Jun. 30, 2025 |
Mar. 31, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Revenues | ||||||
| Total revenues | $ 51,117,000 | $ 34,531,000 | $ 100,894,000 | $ 77,135,000 | ||
| Expenses | ||||||
| Lease operating expenses | 10,302,000 | 6,556,000 | 21,089,000 | 17,473,000 | ||
| Production, ad valorem, and other taxes | 3,210,000 | 2,158,000 | 6,231,000 | 5,257,000 | ||
| Depreciation and depletion—oil and natural gas | 10,494,000 | 8,290,000 | 20,314,000 | 16,706,000 | ||
| Depreciation and amortization—other | 1,624,000 | 1,612,000 | 3,247,000 | 3,215,000 | ||
| General and administrative | 3,769,000 | 3,028,000 | 6,757,000 | 6,881,000 | ||
| Restructuring expenses | (14,000) | 412,000 | 132,000 | 452,000 | ||
| (Gain) loss on derivative contracts | (4,222,000) | (6,059,000) | (696,000) | (3,572,000) | ||
| Other operating (income) expense, net | (3,000) | 0 | 7,000 | 0 | ||
| Total expenses | 25,160,000 | 15,997,000 | 57,081,000 | 46,412,000 | ||
| Income from operations | 25,957,000 | 18,534,000 | 43,813,000 | 30,723,000 | ||
| Other income (expense) | ||||||
| Interest income (expense), net | 735,000 | 1,027,000 | 1,549,000 | 1,887,000 | ||
| Other income (expense), net | 1,000 | (3,000) | 1,000 | (3,000) | ||
| Total other income (expense) | 736,000 | 1,024,000 | 1,550,000 | 1,884,000 | ||
| Income (loss) before income taxes | 26,693,000 | 19,558,000 | 45,363,000 | 32,607,000 | ||
| Income tax (benefit) expense | 0 | 0 | 0 | 0 | ||
| Net income (loss) | $ 26,693,000 | $ 18,670,000 | $ 19,558,000 | $ 13,049,000 | $ 45,363,000 | $ 32,607,000 |
| Net income (loss) per share | ||||||
| Basic (in dollars per share) | $ 0.72 | $ 0.53 | $ 1.23 | $ 0.88 | ||
| Diluted (in dollars per share) | $ 0.72 | $ 0.53 | $ 1.22 | $ 0.88 | ||
| Weighted average number of common shares outstanding | ||||||
| Basic (in shares) | 36,906 | 36,661 | 36,838 | 36,850 | ||
| Diluted (in shares) | 37,082 | 36,677 | 37,048 | 36,884 | ||
| X | ||||||||||
- 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 Amount of realized and unrealized gain (loss) of derivative instruments not designated or qualifying as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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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 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 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 income (expense) classified as nonoperating. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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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 expense charged against earnings to allocate the cost of tangible and intangible assets over their remaining economic lives, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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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 Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. No definition available.
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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 of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of depreciation, depletion, amortization, and accretion charged to expense in oil- and gas-producing activities. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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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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- 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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