v3.22.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Crude oil and natural gas sales $ 110,985 $ 47,023 $ 179,641 $ 86,797
Operating costs and expenses:        
Production expense 25,475 16,419 43,835 32,552
Exploration expense 67 665 194 807
Depreciation, depletion and amortization 8,191 5,810 12,864 9,958
General and administrative expense 3,534 4,734 8,528 9,281
Bad debt expense and other 571 395 1,063 496
Total operating costs and expenses 37,838 28,023 66,484 53,094
Other operating expense, net 0 (126) (5) (486)
Operating income 73,147 18,874 113,152 33,217
Other income (expense):        
Derivative instruments loss, net (9,542) (9,969) (41,300) (15,923)
Interest (expense) income, net (118) 1 (121) 6
Other (expense) income, net (2,111) (164) (2,807) 4,416
Total other expense, net (11,771) (10,132) (44,228) (11,501)
Income from continuing operations before income taxes 61,376 8,742 68,924 21,716
Income tax expense 46,252 2,825 41,624 5,911
Income from continuing operations 15,124 5,917 27,300 15,805
Loss from discontinued operations, net of tax (20) (33) (32) (52)
Net income $ 15,104 $ 5,884 $ 27,268 $ 15,753
Basic net income per share:        
Income from continuing operations (in dollars per share) $ 0.25 $ 0.10 $ 0.46 $ 0.27
Loss from discontinued operations, net of tax (in dollars per share) 0.00 0.00 0.00 0.00
Net income per share (in dollars per share) $ 0.25 $ 0.10 $ 0.46 $ 0.27
Basic weighted average shares outstanding (in shares) 58,925 58,072 58,814 57,855
Diluted net income per share:        
Income from continuing operations (in dollars per share) $ 0.25 $ 0.10 $ 0.45 $ 0.27
Loss from discontinued operations, net of tax (in dollars per share) 0.00 0.00 0.00 0.00
Net income per share (in dollars per share) $ 0.25 $ 0.10 $ 0.45 $ 0.27
Diluted weighted average shares outstanding (in shares) 59,361 58,574 59,278 58,527

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