Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Operations

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 $ 162,619 $ 122,367 $ 312,638 $ 252,234
Operating expenses:        
Lease operating expenses 71,563 76,924 137,677 147,936
Gathering, transportation and production taxes 6,565 5,499 15,219 11,158
Depreciation, depletion, and amortization 25,578 26,446 52,843 59,337
Asset retirement obligations accretion 8,776 8,681 17,293 17,073
General and administrative expenses 27,508 17,670 52,341 37,827
Total operating expenses 139,990 135,220 275,373 273,331
Operating income (loss) 22,629 (12,853) 37,265 (21,097)
Interest expense, net 9,231 9,005 18,417 18,497
Loss on extinguishment of debt       15,015
Derivative loss (gain), net 1,917 (12,047) 26,430 (9,290)
Other expense, net 287 13,455 1,118 13,139
Income (loss) before income taxes 11,194 (23,266) (8,700) (58,458)
Income tax expense (benefit) (1,367) (2,382) 1,269 (6,997)
Net income (loss) $ 12,561 $ (20,884) $ (9,969) $ (51,461)
Net income (loss) per common share:        
Net income (loss) per common share - Basic (in dollars per share) $ 0.08 $ (0.14) $ (0.07) $ (0.35)
Net income (loss) per common share - Diluted (in dollars per share) $ 0.08 $ (0.14) $ (0.07) $ (0.35)
Weighted average common shares outstanding        
Weighted average common shares outstanding - basic (in shares) 149,705 147,847 149,244 147,723
Weighted average common shares outstanding - diluted (in shares) 157,657 147,847 149,244 147,723
Oil        
Revenues:        
Total revenues $ 120,454 $ 80,014 $ 210,557 $ 167,730
NGLs        
Revenues:        
Total revenues 6,037 4,715 12,948 9,487
Natural gas        
Revenues:        
Total revenues 32,093 34,802 81,980 69,911
Other        
Revenues:        
Total revenues $ 4,035 $ 2,836 $ 7,153 $ 5,106