v3.26.1
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
Revenues:        
Total revenues $ 52,686 $ 68,361 $ 90,150 $ 140,411
Costs and expenses:        
Lease operating expense 22,676 38,622 44,830 76,039
Gathering, processing and transportation 684 4,723 1,443 9,009
Taxes other than income 3,044 4,299 5,384 8,683
Depreciation, depletion and amortization 4,916 9,765 10,576 18,259
Impairment expense 0 8,448 0 8,448
General and administrative expense 6,993 11,197 15,906 22,012
Accretion of asset retirement obligations 1,270 2,210 2,518 4,393
Loss (gain) on commodity derivative instruments (9,009) (22,162) 36,813 (7,845)
Pipeline incident loss 167 195 179 591
(Gain) loss on sale of properties (1,573) (1,545) (1,737) (7,796)
Other, net 273 50 303 53
Total costs and expenses 29,441 55,802 116,215 131,846
Operating income (loss) 23,245 12,559 (26,065) 8,565
Other income (expense):        
Interest expense, net (910) (3,594) (1,898) (7,113)
Other income (expense) 863 (666) 1,487 (551)
Total other income (expense) (47) (4,260) (411) (7,664)
Income (loss) before income taxes 23,198 8,299 (26,476) 901
Income tax (expense) benefit - current 0 (495) 0 (496)
Income tax (expense) benefit - deferred (5,899) (1,420) 5,659 118
Net income (loss) 17,299 6,384 (20,817) 523
Allocation of net income (loss) to:        
Net income (loss) available to common stockholders, Basic 16,605 6,039 (20,817) 496
Net income (loss) allocated to participating securities, Basic 694 345 0 27
Net income (loss) available to common stockholders, Diluted 16,605 6,039 (20,817) 496
Net income (loss) allocated to participating securities, Diluted 694 345 0 27
Net Income (Loss) $ 17,299 $ 6,384 $ (20,817) $ 523
Earnings (loss) per share: (See Note 10)        
Basic earnings (loss) per share (in $ per share) $ 0.4 $ 0.15 $ (0.51) $ 0.01
Diluted earnings (loss) per share (in $ per share) $ 0.4 $ 0.15 $ (0.51) $ 0.01
Weighted average common shares outstanding:        
Basic (in shares) 41,289 40,349 41,216 40,269
Diluted (in shares) 41,289 40,349 41,216 40,269
Oil and natural gas sales        
Revenues:        
Total revenues $ 52,577 $ 66,774 $ 89,840 $ 137,115
Other revenues        
Revenues:        
Total revenues $ 109 $ 1,587 $ 310 $ 3,296