CONDENSED 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 |
|
| Revenue | ||||
| Total revenue | $ 137,125 | $ 0 | $ 138,396 | $ 0 |
| Operating Expenses | ||||
| Operations and maintenance expenses | 113,474 | 50,398 | 181,507 | 84,841 |
| Depletion, depreciation, amortization and accretion | 32,024 | 3,172 | 35,966 | 6,193 |
| General and administrative expenses | 58,521 | 75,318 | 106,571 | 97,650 |
| Total operating expenses | 204,019 | 128,888 | 324,044 | 188,684 |
| Loss from operations | (66,894) | (128,888) | (185,648) | (188,684) |
| Other (income) expenses: | ||||
| Change in fair value of warrant liabilities | (72,056) | (27,146) | (27,899) | (5,851) |
| Other income, net | (665) | (2,508) | (1,218) | (5,948) |
| Interest expense | 43,066 | 21,009 | 77,734 | 42,019 |
| Total other (income) expense, net | (29,655) | (8,645) | 48,617 | 30,220 |
| Loss before income taxes | (37,239) | (120,243) | (234,265) | (218,904) |
| Income tax expense | 26,977 | 7,823 | 26,977 | 18,706 |
| Net loss | $ (64,216) | $ (128,066) | $ (261,242) | $ (237,610) |
| Basic and diluted net loss per Common Stock | ||||
| Weighted average Common Stock outstanding, basic (in shares) | 153,470,125 | 91,224,345 | 148,597,567 | 87,849,286 |
| Weighted average Common Stock outstanding, diluted (in shares) | 153,470,125 | 91,224,345 | 148,597,567 | 87,849,286 |
| Basic net loss per Common Stock (in dollars per share) | $ (0.42) | $ (1.40) | $ (1.76) | $ (2.70) |
| Diluted net loss per Common Stock (in dollars per share) | $ (0.42) | $ (1.40) | $ (1.76) | $ (2.70) |
| Oil and natural gas liquids sales | ||||
| Revenue | ||||
| Total revenue | $ 136,709 | $ 0 | $ 137,980 | $ 0 |
| Other | ||||
| Revenue | ||||
| Total revenue | $ 416 | $ 0 | $ 416 | $ 0 |
| X | ||||||||||
- Definition The aggregate net amount of depreciation, amortization, and accretion recognized during an accounting period. As a noncash item, the net amount is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- 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
|
| X | ||||||||||
- 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
|
| X | ||||||||||
- Definition Amount of expense (income) related to adjustment to fair value of warrant liability. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- 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
|
| X | ||||||||||
- 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
|
| X | ||||||||||
- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- 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
|
| X | ||||||||||
- 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
|
| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- 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
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The amount of operating expenses for the period that are associated with the utility's normal revenue producing operation; including selling, general, and administrative expenses, costs incurred for routine plant repairs and maintenance, and operations. No definition available.
|
| X | ||||||||||
- 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
|
| X | ||||||||||
- 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
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|