Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Operations

v3.26.3
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues:        
Total revenues $ 167,080 $ 127,515 $ 479,718 $ 379,749
Operating expenses:        
Lease operating expenses 76,671 76,215 214,348 224,151
Gathering, transportation and production taxes 9,376 5,818 24,595 16,976
Depreciation, depletion, and amortization 28,266 28,580 81,109 87,917
Asset retirement obligations accretion 8,606 8,002 25,899 25,075
General and administrative expenses 31,685 21,510 84,026 59,337
Other operating expenses 655   655  
Total operating expenses 155,259 140,125 430,632 413,456
Operating income (loss) 11,821 (12,610) 49,086 (33,707)
Interest expense, net 8,956 8,998 27,373 27,495
Loss on extinguishment of debt       15,015
Derivative loss (gain), net 15,800 (4,108) 42,230 (13,398)
Other expense (income), net 216 (2,017) 1,334 11,122
Loss before income taxes (13,151) (15,483) (21,851) (73,941)
Income tax expense 498 55,991 1,767 48,994
Net loss $ (13,649) $ (71,474) $ (23,618) $ (122,935)
Net loss per common share - basic (in dollars per share) $ (0.09) $ (0.48) $ (0.16) $ (0.83)
Net loss per common share - diluted (in dollars per share) $ (0.09) $ (0.48) $ (0.16) $ (0.83)
Weighted average common shares outstanding - basic (in shares) 151,847 148,589 150,121 148,015
Weighted average common shares outstanding - diluted (in shares) 151,847 148,589 150,121 148,015
Oil        
Revenues:        
Total revenues $ 111,773 $ 84,131 $ 322,330 $ 251,861
NGLs        
Revenues:        
Total revenues 9,121 4,000 22,069 13,487
Natural gas        
Revenues:        
Total revenues 41,204 37,400 123,184 107,311
Other        
Revenues:        
Total revenues $ 4,982 $ 1,984 $ 12,135 $ 7,090