v3.25.3
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 23,984,000 $ 82,650,000
Restricted cash 203,000 143,000
Receivables:    
Trade, net of allowances for credit loss and other of $0.2 million and $0.2 million, respectively 109,473,000 94,778,000
Accounts with joint venture owners, net of allowance for credit losses of $2.5 million and $1.5 million, respectively 6,665,000 179,000
Egypt receivables and other 2,726,000 35,763,000
Crude oil inventory 8,958,000 9,441,000
Prepayments and other 21,729,000 14,973,000
Total current assets 173,738,000 237,927,000
Crude oil, natural gas and NGLs properties and equipment, net 623,736,000 538,103,000
Other noncurrent assets:    
Restricted cash 1,659,000 8,665,000
Value added tax and other receivables, net of allowances for credit loss and other of $0.4 million and $0.8 million, respectively 6,550,000 10,094,000
Right of use operating lease assets 14,364,000 17,254,000
Right of use finance lease assets 72,031,000 79,849,000
Deferred tax assets 44,304,000 55,581,000
Abandonment funding 6,268,000 6,268,000
Other long-term assets 7,783,000 1,209,000
Total assets 950,433,000 954,950,000
Current liabilities:    
Accrued liabilities and other 107,317,000 107,710,000
Operating lease liabilities - current portion 4,002,000 3,512,000
Finance lease liabilities - current portion 12,649,000 13,383,000
Foreign income taxes payable 23,774,000 42,043,000
Total current liabilities 166,238,000 181,728,000
Asset retirement obligations 84,259,000 78,592,000
Operating lease liabilities - net of current portion 10,862,000 13,903,000
Finance lease liabilities - net of current portion 60,235,000 67,377,000
Deferred tax liabilities 62,966,000 93,904,000
Long-term debt 60,000,000 0
Other long-term liabilities 0 17,863,000
Total liabilities 444,560,000 453,367,000
Commitments and contingencies (Note 10)
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, 123,017,656 and 122,304,124 shares issued, 104,258,253 and 103,743,163 shares outstanding, respectively 12,302,000 12,230,000
Additional paid-in capital 367,023,000 362,578,000
Accumulated other comprehensive loss (1,885,000) (4,962,000)
Less treasury stock, 18,759,403 and 18,560,931 shares, respectively, at cost (78,733,000) (78,024,000)
Retained earnings 207,166,000 209,761,000
Total shareholders' equity 505,873,000 501,583,000
Total liabilities and shareholders' equity 950,433,000 954,950,000
Nonrelated Party    
Current liabilities:    
Accounts payable 17,007,000 11,756,000
Related Party    
Current liabilities:    
Accounts payable $ 1,489,000 $ 3,324,000

Source

10-Q PDF XBRL Zip