v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 51,310 $ 58,900
Restricted cash 122 136
Receivables:    
Trade, net of allowance for credit losses of $0.2 million and $— million 27,235 39,924
Accounts with joint venture owners, net of allowance for credit losses of $3.4 million and $2.7 million, respectively 4,630 5,420
Other, net of allowance for credit losses of $0.4 million and $— million, respectively 1,657 2,277
Crude oil inventory 8,342 1,774
Prepayments and other 23,572 24,370
Current assets held for sale 0 179
Total current assets 116,868 132,980
Crude oil, natural gas and NGLs properties and equipment, net 751,751 586,095
Other noncurrent assets:    
Restricted cash 1,659 1,659
Value added tax and other receivables 8,950 7,149
Right-of-use operating lease assets 20,105 16,596
Right-of-use finance lease assets 59,995 68,615
Deferred tax assets 69,254 54,825
Abandonment funding 6,268 6,268
Other long-term assets 8,140 7,362
Noncurrent assets held for sale 0 31,826
Total assets 1,042,990 913,375
Current liabilities:    
Accrued liabilities and other 171,697 106,444
Operating lease liabilities - current portion 6,721 5,744
Finance lease liabilities - current portion 12,441 12,119
Foreign income taxes payable 23,768 19,656
Current liabilities held for sale 0 183
Total current liabilities 259,468 192,000
Asset retirement obligations 84,422 78,406
Operating lease liabilities - net of current portion 12,922 11,183
Finance lease liabilities - net of current portion 47,794 57,256
Deferred tax liabilities 63,341 63,630
Long-term debt 239,000 60,000
Other long-term liabilities 640 0
Noncurrent liabilities held for sale 0 7,403
Total liabilities 707,587 469,878
Commitments and Contingencies (Note 9)
Shareholders’ equity:    
Preferred stock, $25 par value; 500,000 shares authorized, none issued 0 0
Common stock, $0.10 par value; 160,000,000 shares authorized, 124,320,737 and 123,017,656 shares issued, and 105,191,778 and 104,258,253 shares outstanding, respectively 12,432 12,302
Additional paid-in capital 373,074 368,536
Accumulated other comprehensive loss 0 (498)
Less treasury stock, 19,128,959 and 18,759,403 shares, respectively, at cost (80,718) (78,733)
Retained earnings 30,615 141,890
Total shareholders’ equity 335,403 443,497
Total liabilities and shareholders’ equity 1,042,990 913,375
Nonrelated Party    
Current liabilities:    
Accounts payable 42,192 44,661
Related Party    
Current liabilities:    
Accounts payable $ 2,649 $ 3,193

Source

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