v3.26.1
Note 2 - Basis of Presentation and Summary of Significant Accounting Policies - Schedule of Reportable Segments (Details) - USD ($)
$ 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
Dec. 31, 2025
Total operating revenues $ 272,419   $ 216,472   $ 488,304 $ 488,783  
Lease operating expenses 32,641   33,726   62,165 69,288  
Gathering, processing and transportation 17,234   16,072   34,967 30,935  
Production and ad valorem taxes 13,254   12,391   25,154 27,543  
Depletion, depreciation and amortization 113,429   101,226   226,443 210,551  
Income Tax Expense (Benefit) 16,448   7,663   (11,203) 17,602  
Net income 82,275 $ (127,448) 26,176 $ 36,335 (45,173) 62,511  
Total assets 3,174,584       3,174,584   $ 3,213,714
Operating Segments [Member] | Single Reportable Segment [Member]              
Total operating revenues 272,419   216,472   488,304 488,783  
Lease operating expenses 26,498   29,014   53,307 60,613  
Gathering, processing and transportation 17,234   16,072   34,967 30,935  
Production and ad valorem taxes 13,254   12,391   25,154 27,543  
Expense workover costs 6,143   4,712   8,858 8,675  
Total significant expenses 63,129   62,189   122,286 127,766  
Depletion, depreciation and amortization 113,429   101,226   226,443 210,551  
General and administrative expenses, including stock-based comp 7,872   5,759   14,482 12,281  
Interest expense, net [1] 34,946   36,051   69,035 72,229  
Income Tax Expense (Benefit) 16,448   7,663   (11,203) 17,602  
Other segment items [2] (45,680)   (22,592)   112,434 (14,157)  
Total expenses 190,144   190,296   533,477 426,272  
Net income 82,275   26,176   (45,173) 62,511  
Total assets 3,174,584   3,089,453   3,174,584 3,089,453  
Capital costs incurred, including acquisitions $ 109,930   $ 126,507   $ 188,500 $ 308,839  
[1] Interest expense, net included in segment net income includes interest expense and loss on extinguishment of debt, if any, partially offset by interest income.
[2] Other segment items included in segment net income are exploration and abandonment expense, accretion of discount, other expense and gains and losses on derivative instruments.