Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Operations

v3.25.3
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Total revenues $ 127,515 $ 121,372 $ 379,749 $ 404,916
Operating expenses:        
Lease operating expenses 76,215 72,412 224,151 217,229
Gathering, transportation and production taxes 5,818 6,147 16,976 22,265
Depreciation, depletion, and amortization 28,580 34,206 87,917 104,817
Asset retirement obligations accretion 8,002 7,848 25,075 24,217
General and administrative expenses 21,510 19,723 59,337 61,592
Total operating expenses 140,125 140,336 413,456 430,120
Operating loss (12,610) (18,964) (33,707) (25,204)
Interest expense, net 8,998 9,992 27,495 30,228
Loss on extinguishment of debt     15,015  
Derivative gain, net (4,108) (3,199) (13,398) (5,702)
Other (income) expense, net (2,017) 15,709 11,122 22,189
Loss before income taxes (15,483) (41,466) (73,941) (71,919)
Income tax expense (benefit) 55,991 (4,545) 48,994 (8,136)
Net loss $ (71,474) $ (36,921) $ (122,935) $ (63,783)
Net loss per common share        
Net loss per common share - Basic (in dollars per share) $ (0.48) $ (0.25) $ (0.83) $ (0.43)
Net loss per common share - Diluted (in dollars per share) $ (0.48) $ (0.25) $ (0.83) $ (0.43)
Weighted average common shares outstanding        
Weighted average common shares outstanding - basic (in shares) 148,589 147,206 148,015 147,002
Weighted average common shares outstanding - diluted (in shares) 148,589 147,206 148,015 147,002
Oil        
Revenues:        
Total revenues $ 84,131 $ 90,862 $ 251,861 $ 308,842
NGLs        
Revenues:        
Total revenues 4,000 5,636 13,487 21,265
Natural gas        
Revenues:        
Total revenues 37,400 23,148 107,311 66,674
Other        
Revenues:        
Total revenues $ 1,984 $ 1,726 $ 7,090 $ 8,135