v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Crude oil, natural gas and natural gas liquids sales $ 96,893 $ 116,778 $ 207,222 $ 216,933
Operating costs and expenses:        
Production expense 40,393 52,446 85,198 84,535
Exploration expense 2,520 0 2,520 48
Depreciation, depletion and amortization 28,273 33,132 58,578 58,956
General and administrative expense 8,496 7,591 17,548 14,301
Credit losses and other 29 3,341 2 5,153
Total operating costs and expenses 79,711 96,510 163,846 162,993
Other operating income (expense), net 0 132 0 (34)
Operating income 17,182 20,400 43,376 53,906
Other income (expense):        
Derivative instruments gain (loss), net 400 257 326 (590)
Interest expense, net (2,572) (1,117) (3,866) (2,052)
Bargain purchase gain 0 19,898 0 19,898
Other income (expense), net 353 (1,984) (659) (3,784)
Total other income (expense), net (1,819) 17,054 (4,199) 13,472
Income before income taxes 15,363 37,454 39,177 67,378
Income tax expense 6,983 9,303 23,066 31,541
Net income 8,380 28,151 16,111 35,837
Other comprehensive income (loss)        
Currency translation adjustments 4,759 (1,068) 4,876 (3,522)
Comprehensive income $ 13,139 $ 27,083 $ 20,987 $ 32,315
Basic net income per share:        
Net income per share (in dollars per share) $ 0.08 $ 0.27 $ 0.15 $ 0.34
Basic weighted average shares outstanding (in shares) 103,936 103,528 103,848 103,594
Diluted net income per share:        
Net income per share (in dollars per share) $ 0.08 $ 0.27 $ 0.15 $ 0.34
Diluted weighted average shares outstanding (in shares) 103,958 103,676 103,872 103,677

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