v3.26.3
Restatement of Financial Statements - Schedule of Restated Consolidated Statements of Operations (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Dec. 31, 2024
Revenues:            
Royalty revenue $ 17,813 $ 10,306 $ 43,429 $ 18,345 $ 50,075 $ 12,702
Total revenue 29,077 21,117 49,901 20,284 67,595 9,450
Operating expenses:            
Management fees 15,841 2,173 18,822 3,596 9,966 4,681
Depletion, depreciation and accretion 10,198 5,978 19,863 9,177 24,237 10,827
Total operating expenses 30,418 17,747 46,656 23,260 50,788 18,300
Operating income (loss) (1,341) 3,370 3,245 (2,976) 16,807 (8,850)
Income (loss) before income taxes (29,791) (4,814) (31,202) (12,907) (6,225) (13,148)
Income tax benefit 9,414 (4,595) 9,066 (4,595) (2,640) (1,587)
Net income (loss) $ (39,205) $ (219) $ (40,268) $ (8,312) $ (3,585) $ (11,561)
Earnings(loss) per common share:            
Common shares - Basic $ (2.54) $ (0.47) $ (2.86) $ (2.34) $ (1.3) $ (3.88)
Common shares - Diluted $ (2.54) $ (0.47) $ (2.86) $ (2.34) $ (1.3) $ (3.88)
Weighted average number of shares outstanding:            
Weighted average shares outstanding - Basic 17,144 5,461 15,948 5,060 8,378 4,340
Weighted average shares outstanding - Diluted 17,144 5,461 15,948 5,060 8,378 4,340
As Previously Reported [Member]            
Revenues:            
Royalty revenue         $ 55,691  
Total revenue         73,211  
Operating expenses:            
Management fees         9,274  
Depletion, depreciation and accretion         26,948  
Total operating expenses         52,807  
Operating income (loss)         20,404  
Income (loss) before income taxes         (2,628)  
Income tax benefit         (1,598)  
Net income (loss)         $ (1,030)  
Earnings(loss) per common share:            
Common shares - Basic         $ (1)  
Common shares - Diluted         $ (1)  
Weighted average number of shares outstanding:            
Weighted average shares outstanding - Basic         8,378  
Weighted average shares outstanding - Diluted         8,378  
Adjustments [Member]            
Revenues:            
Royalty revenue         $ (5,616)  
Total revenue         (5,616)  
Operating expenses:            
Management fees         692  
Depletion, depreciation and accretion         (2,711)  
Total operating expenses         (2,019)  
Operating income (loss)         (3,597)  
Income (loss) before income taxes         (3,597)  
Income tax benefit         (1,042)  
Net income (loss)         $ (2,555)  
Earnings(loss) per common share:            
Common shares - Basic         $ (0.3)  
Common shares - Diluted         $ (0.3)  
Weighted average number of shares outstanding:            
Weighted average shares outstanding - Basic         0  
Weighted average shares outstanding - Diluted         0