v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:              
Net income (loss) $ 8,380 $ 7,730 $ 28,151 $ 7,686 $ 16,111 $ 35,837  
Adjustments to reconcile net income to net cash provided by operating activities:              
Depreciation, depletion and amortization         58,578 58,956  
Bargain purchase gain 0   (19,898)   0 (19,898)  
Amortization of deferred financing costs         461 0  
Deferred tax benefit         (7,399) (7,407)  
Unrealized foreign exchange (gain) loss         305 (196)  
Stock-based compensation expense         2,976 1,883  
Cash settlements paid on exercised stock appreciation rights         0 (154)  
Derivative instruments loss, net         (326) 590  
Cash settlements paid on matured derivative contracts, net         214 (33)  
Credit losses and other         2 5,508  
Equipment and other expensed in operations         2,448 1,029  
Change in operating assets and liabilities:              
Trade receivables, net         (47,137) (20,046)  
Accounts with joint venture owners, net         (853) (4,603)  
Egypt receivables and other, net         31,200 32  
Crude oil inventory         8,180 9,618  
Prepayments and other         (1,673) (3,829)  
Value added tax and other receivables         6,178 (2,007)  
Other long-term assets         0 699  
Accounts payable         11,212 (727)  
Foreign income taxes payable         (20,118) (6,563)  
Accrued liabilities and other         (9,310) (27,295)  
Net cash provided by operating activities         51,049 21,394  
CASH FLOWS FROM INVESTING ACTIVITIES:              
Property and equipment expenditures         (104,426) (49,099)  
Cash acquired in business combination, net of cash paid         0 412  
Acquisition of oil and gas properties         (3,034) 0  
Net cash used in investing activities         (107,460) (48,687)  
CASH FLOWS FROM FINANCING ACTIVITIES:              
Proceeds from the issuances of common stock         0 447  
Proceeds from borrowings         60,000 0  
Dividend distribution         (13,127) (13,042)  
Payments for treasury shares         (709) (6,802)  
Deferred financing costs paid         (6,910) (1)  
Payments of finance lease         (6,332) (4,169)  
Net cash provided by (used in) in financing activities         32,922 (23,567)  
Effects of exchange rate changes on cash         96 (233)  
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH         (23,393) (51,093)  
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD   $ 97,726   $ 129,178 97,726 129,178 $ 129,178
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD $ 74,333   $ 78,085   74,333 78,085 $ 97,726
Supplemental disclosure of cash flow information:              
Income taxes paid in-kind with crude oil         32,263 0  
Interest paid, net of amounts capitalized         3,160 3,848  
Supplemental disclosure of non-cash investing and financing activities:              
Property and equipment additions incurred but not paid at end of period         9,491 12,351  
Recognition of right-of-use finance lease assets and liabilities         2,372 0  
Asset retirement obligation revisions         $ 126 $ 0  

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