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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 income $ 45,363 $ 32,607
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation, depletion, and amortization 23,561 19,921
(Gain) loss on derivative contracts (696) (3,572)
Settlement gains (losses) on derivative contracts (717) 1,319
Stock-based compensation 1,473 1,370
Other 14 262
Changes in operating assets and liabilities (6,803) (8,726)
Net cash provided by operating activities 62,195 43,181
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures for property, plant and equipment (40,059) (22,011)
Acquisition of oil and natural gas assets (5,132) (4,427)
Purchase of other property and equipment 0 (562)
Sales tax refund on completion costs 0 2,800
Proceeds from sale of assets 847 455
Net cash used in investing activities (44,344) (23,745)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends paid to stockholders (14,504) (8,191)
Reduction of financing lease liability (424) (406)
Repurchases of common stock, including excise tax (41) (5,927)
Tax withholdings paid in exchange for shares withheld on employee vested stock awards (535) (224)
Net cash used in financing activities (15,504) (14,748)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS and RESTRICTED CASH 2,347 4,688
CASH, CASH EQUIVALENTS and RESTRICTED CASH, beginning of year 112,345 99,511
CASH, CASH EQUIVALENTS and RESTRICTED CASH, end of period 114,692 104,199
Supplemental Disclosure of Cash Flow Information    
Cash paid for interest, net of amounts capitalized (380) (66)
Supplemental Disclosure of Noncash Investing and Financing Activities    
Capital expenditures for property, plant and equipment in accounts payable and accrued expenses 7,752 6,852
Right-of-use assets obtained in exchange for financing lease obligations 187 229
Inventory material transfers to oil and natural gas properties 0 3
Asset retirement obligation capitalized 17 38
Asset retirement obligation removed due to divestiture 0 (288)
Decrease (increase) in excise tax payable on repurchases of common stock 53 (47)
Decrease (increase) in dividends payable $ 1 $ 48