Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Operations

v3.26.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues:      
Total revenues $ 501,462 $ 525,261 $ 532,656
Operating expenses:      
Lease operating expenses 298,781 281,488 257,676
Gathering, transportation and production taxes 25,743 28,177 26,250
Depreciation, depletion, and amortization 116,405 143,025 114,677
Asset retirement obligations accretion 33,381 32,374 29,018
General and administrative expenses 79,955 82,391 75,541
Total operating expenses 554,265 567,455 503,162
Operating (loss) income (52,803) (42,194) 29,494
Interest expense, net 36,495 40,454 44,689
Loss on extinguishment of debt 15,015    
Derivative gain, net (13,593) (3,589) (54,759)
Other expense, net 8,415 18,071 5,621
(Loss) income before income taxes (99,135) (97,130) 33,943
Income tax expense (benefit) 50,927 (9,985) 18,345
Net (loss) income $ (150,062) $ (87,145) $ 15,598
Net (loss) income per common share      
Net (loss) income common share - Basic (in dollars per share) $ (1.01) $ (0.59) $ 0.11
Net (loss) income common share - Diluted (in dollars per share) $ (1.01) $ (0.59) $ 0.11
Weighted average common shares outstanding      
Weighted average common shares outstanding - basic (in shares) 148,207 147,133 146,483
Weighted average common shares outstanding - diluted (in shares) 148,207 147,133 148,302
Oil      
Revenues:      
Total revenues $ 327,845 $ 395,620 $ 381,389
NGLs      
Revenues:      
Total revenues 20,371 27,978 32,446
Natural gas      
Revenues:      
Total revenues 143,948 90,877 110,158
Other      
Revenues:      
Total revenues $ 9,298 $ 10,786 $ 8,663