v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2025
Mar. 31, 2025
Sep. 30, 2024
Mar. 31, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:              
Net income (loss) $ 1,101 $ 7,730 $ 10,990 $ 7,686 $ 17,212 $ 46,827  
Adjustments to reconcile net income to net cash provided by operating activities:              
Depreciation, depletion and amortization         79,133 105,987  
Bargain purchase gain 0   0   0 (19,898)  
Amortization of deferred financing costs         809 0  
Deferred tax benefit         (19,569) (7,762)  
Unrealized foreign exchange gain         (347) (613)  
Stock-based compensation expense         4,683 3,208  
Derivative instruments loss, net         767 209  
Cash settlements paid on matured derivative contracts, net         (141) (15)  
Credit losses and other         485 5,304  
Equipment and other expensed in operations         3,937 1,589  
Change in operating assets and liabilities:              
Trade receivables, net         (23,772) (39,456)  
Accounts with joint venture owners, net         (4,292) (4,739)  
Egypt receivables and other, net         32,159 (394)  
Crude oil inventory         483 12,153  
Prepayments and other         (7,258) (1,847)  
Value added tax and other receivables         5,643 (5,713)  
Other long-term assets         0 1,808  
Accounts payable         7,120 (9,034)  
Foreign income taxes payable         (18,328) 24,327  
Accrued liabilities and other         (11,230) (42,756)  
Net cash provided by operating activities         67,494 69,185  
CASH FLOWS FROM INVESTING ACTIVITIES:              
Property and equipment expenditures         (152,728) (61,530)  
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         (155,762) (61,118)  
CASH FLOWS FROM FINANCING ACTIVITIES:              
Proceeds from the issuances of common stock         0 447  
Proceeds from borrowings         60,000 0  
Dividend distribution         (19,807) (19,647)  
Payments for treasury shares         (709) (6,803)  
Deferred financing costs paid         (7,100) 0  
Payments of finance lease         (9,781) (6,261)  
Net cash provided by (used in) in financing activities         22,603 (32,264)  
Effects of exchange rate changes on cash         53 (4)  
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH         (65,612) (24,201)  
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 $ 32,114   $ 104,977   32,114 104,977 $ 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         5,043 4,900  
Supplemental disclosure of non-cash investing and financing activities:              
Property and equipment additions incurred but not paid at end of period         1,260 8,894  
Recognition of right-of-use finance lease assets and liabilities         2,372 0  
Recognition of right-of-use operating lease assets and liabilities         0 2,035  
Asset retirement obligation revisions         $ 58 $ 15,796  

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