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Pay vs Performance Disclosure
12 Months Ended
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table

Average

Average

Summary

Summary

Value of Initial Fixed $100

Compensation

Compensation

Investment Based On:

Summary

Summary

Table Total

Actually Paid

Operating

Compensation

Compensation

Compensation

Compensation

for Non-PEO

to Non-PEO

Peer Group

Net

Cash

Table Total

Table Total

Actually Paid

Actually Paid

Named

Named

Total

Total

Income/

Flow

for first

for second

to first

to second

Executive

Executive

Shareholder

Shareholder

(Loss)

(OCF) (5)

Year

  ​

PEO (1)

  ​

PEO (1)

  ​

PEO (2)

  ​

PEO (2)

  ​

Officers (1)

  ​

Officers (3)

  ​

Return

  ​

Return (4)

  ​

(in millions)

  ​

(in millions)

($)

($)

($)

($)

($)

($)

($)

($)

($)

($)

2025

3,192,075

2,830,890

1,947,430

1,751,794

187

160

32

57

2024

1,854,830

1,200,924

1,090,484

711,322

198

156

91

13

2023

 

 

2,391,450

 

 

1,946,938

 

1,457,560

 

1,168,921

 

237

 

194

 

195

 

200

2022

 

2,138,360

 

2,272,390

 

3,327,790

 

3,062,704

 

819,670

 

819,320

 

284

 

210

 

218

 

208

2021

 

1,371,410

 

 

1,913,830

 

 

733,150

 

1,164,372

 

144

 

121

 

7

 

23

(1)

Amounts disclosed for the first Principal Executive Officer (PEO), second PEO and other Non-PEO Named Executive Officers relate to reported compensation as follows:

>Richard A. Hubbell – was the President and Chief Executive Officer through May 17, 2022, and for the year 2021. He has been Executive Chairman of the Board Officer since May 17, 2022. His total compensation for 2022 and 2021 has been disclosed as amounts related to first PEO. For 2025, 2024 and 2023, his compensation has been included in amounts related to Non-PEO Named Executive Officers.
>Ben M. Palmer – is named PEO for 2025 and been the President and Chief Executive Officer effective May 17, 2022, and was Vice President, Chief Financial Officer and Corporate Secretary prior. For 2025, 2024, 2023 and 2022, his total compensation has been disclosed as amounts related to second PEO. For 2021, his compensation has been disclosed in amounts related to Non-PEO Named Executive Officers.
>Michael L. Schmit – has been Vice President, Chief Financial Officer and Corporate Secretary effective May 17, 2022, and his compensation has been included in amounts related to Non-PEO Named Executive Officers for 2025, 2024, 2023 and 2022.

(2)

The dollar amounts reported represent the amount of Compensation Actually Paid (CAP), computed in accordance with SEC rules. The dollar amounts do not reflect the actual amount of compensation earned by or paid to our PEO during the applicable year. To calculate the amounts in the CAP to PEO column in the table above, the following amounts were deducted from or added to (as applicable) the Total compensation as reported in the Summary Compensation Table (SCT):

  ​ ​ ​

Reported

  ​ ​ ​

Reported

  ​ ​ ​

  ​ ​ ​

Reported

  ​ ​ ​

Reported

  ​ ​ ​

Equity

  ​ ​ ​

Equity

  ​ ​ ​

  ​ ​ ​

Summary

Summary

Pension

Value of

Value of

Award

Award

Compensation

Compensation

Adjustments

Equity

Equity

Adjustments

Adjustments

Compensation

Compensation

Table Total for

Table Total for

to First

Awards to

Awards to

to first

to second

Actually Paid

Actually Paid

first PEO (a)

second PEO (a)

PEO

first PEO (b)

second PEO (b)

PEO (c)

PEO (c)

to first PEO

to second PEO

Year

($)

($)

($)

($)

($)

($)

($)

($)

($)

2025

3,192,075

(1,388,265)

1,027,080

2,830,890

2024

1,854,830

(1,224,900)

570,994

1,200,924

2023

2,391,450

(998,400)

553,888

1,946,938

2022

2,138,360

2,272,390

(670,500)

(804,600)

1,859,930

1,594,914

3,327,790

3,062,704

2021

1,371,410

(387,000)

929,420

1,913,830

(a)The amounts disclosed represent the amounts reported as Total Compensation in the SCT.
(b)Represents the grant date fair value of the equity awards reported in the Stock Awards column of the SCT.
(c)Represents the year-over-year change in the fair value of equity awards, as shown below. For 2022, the change in fair value of equity awards has been attributed to the Named Executive Officer who was PEO as of December 31, 2022:

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

  ​ ​ ​

2022 - First PEO

  ​ ​ ​

2022 - Second PEO

  ​ ​ ​

2021

Fair Value of

($)

($)

($)

($)

($)

($)

Equity awards granted in Current Fiscal Year (CFY) outstanding and unvested as of end of CFY

1,148,481

891,000

757,120

666,750

800,100

 

454,000

Change in prior year awards outstanding and unvested as of end of CFY

(194,200)

(365,990)

(266,938)

1,096,200

730,800

 

305,800

Change in prior year awards that vested in current year

93,347

(3,536)

20,538

83,900

53,694

 

169,620

Prior year awards that fail to meet vesting conditions during CFY

(77,220)

Dividends paid

56,672

49,520

43,168

13,080

10,320

 

Total Equity Award Adjustments

1,027,080

570,994

553,888

1,859,930

1,594,914

 

929,420

(3)

The dollar amounts reported represent the amount of CAP, computed in accordance with SEC rules. The dollar amounts do not reflect the actual amount of compensation earned by or paid to our Non-PEO Named Executive Officers during the applicable year. To calculate the amounts in the CAP to Non-PEO Named Executive Officers column in the table above, the following amounts were deducted from or added to (as applicable) the Total Compensation as reported in the SCT:

  ​ ​ ​

Average

  ​ ​ ​

Reported

  ​ ​ ​

Equity

  ​ ​ ​

Average Summary

Summary Compensation

Value of Average Equity

Award Adjustments to

Compensation Actually

Table Total for Non-PEO

Awards to Non-PEO Named

Non-PEO Named

Paid to Non-PEO Named

Named Executive Officers (a)

Executive Officers (b)

Executive Officers (c)

Executive Officers

Year

($)

($)

($)

($)

2025

1,947,430

(760,045)

564,408

1,751,794

2024

1,090,484

(637,969)

258,807

711,322

2023

 

1,457,560

 

(580,800)

 

292,161

 

1,168,921

2022

 

819,670

 

(312,900)

 

312,550

 

819,320

2021

 

733,150

 

(259,290)

 

690,512

 

1,164,372

(a)The amounts disclosed represent the average of the total amounts attributable to all non-PEO Named Executive Officers for the period each served, as included in the amounts reported as Total Compensation in the SCT.
(b)Represents the average grant date fair value of the equity awards reported in the Stock Awards column of the SCT.
(c)Represents the average year-over-year change in the fair value of equity awards, as shown below.

  ​ ​ ​

2025

2024

  ​ ​ ​

2023

  ​ ​ ​

2022

  ​ ​ ​

2021

Fair Value of

($)

($)

($)

($)

($)

Equity awards granted in Current Fiscal year (CFY) outstanding and unvested as of end of CFY

628,619

464,063

 

440,440

 

311,150

 

304,180

Change in prior year awards outstanding and unvested as of end of CFY

(108,490)

(232,060)

 

(190,584)

 

 

201,272

Change in prior year awards that vested in current year

56,711

(3,121)

 

13,685

 

 

185,060

Prior year awards that fail to meet vesting conditions during CFY

(44,921)

Dividends paid

32,489

29,925

 

28,620

 

1,400

 

Total Equity Award Adjustments

564,408

258,807

 

292,161

312,550

690,512

(4)

Reflects cumulative total shareholder return of the Peer Group as of December 31, 2025, calculated over the measurement period beginning as of December 31, 2020, established by the market close on that day through and including the end of 2025. The Peer Group used by the Company is the same as the one identified for purposes of Item 201(e) of Regulation S-K under the Exchange Act in its Form 10-K for the year ended December 31, 2025.

(5)

OCF is computed as EBITDA minus cash paid for capital expenditures, plus discretionary adjustments. For the year ended December 31, 2025, these adjustments included a net of reduction of $11.8 million comprising of the cashflows and costs related to a recently completed acquisition of $9.1 million and an insurance gain of $2.7 million. In 2023 discretionary adjustments totaling approximately $24.5 million related to pension plan termination, litigation settlement and expenses related to acquisitions were added back. There were no discretionary adjustments in computing OCF for the years 2024, 2022 and 2021.

       
Company Selected Measure Name OCF        
Named Executive Officers, Footnote

(1)

Amounts disclosed for the first Principal Executive Officer (PEO), second PEO and other Non-PEO Named Executive Officers relate to reported compensation as follows:

>Richard A. Hubbell – was the President and Chief Executive Officer through May 17, 2022, and for the year 2021. He has been Executive Chairman of the Board Officer since May 17, 2022. His total compensation for 2022 and 2021 has been disclosed as amounts related to first PEO. For 2025, 2024 and 2023, his compensation has been included in amounts related to Non-PEO Named Executive Officers.
>Ben M. Palmer – is named PEO for 2025 and been the President and Chief Executive Officer effective May 17, 2022, and was Vice President, Chief Financial Officer and Corporate Secretary prior. For 2025, 2024, 2023 and 2022, his total compensation has been disclosed as amounts related to second PEO. For 2021, his compensation has been disclosed in amounts related to Non-PEO Named Executive Officers.
>Michael L. Schmit – has been Vice President, Chief Financial Officer and Corporate Secretary effective May 17, 2022, and his compensation has been included in amounts related to Non-PEO Named Executive Officers for 2025, 2024, 2023 and 2022.
       
Peer Group Issuers, Footnote

(4)

Reflects cumulative total shareholder return of the Peer Group as of December 31, 2025, calculated over the measurement period beginning as of December 31, 2020, established by the market close on that day through and including the end of 2025. The Peer Group used by the Company is the same as the one identified for purposes of Item 201(e) of Regulation S-K under the Exchange Act in its Form 10-K for the year ended December 31, 2025.

       
Adjustment To PEO Compensation, Footnote

(2)

The dollar amounts reported represent the amount of Compensation Actually Paid (CAP), computed in accordance with SEC rules. The dollar amounts do not reflect the actual amount of compensation earned by or paid to our PEO during the applicable year. To calculate the amounts in the CAP to PEO column in the table above, the following amounts were deducted from or added to (as applicable) the Total compensation as reported in the Summary Compensation Table (SCT):

  ​ ​ ​

Reported

  ​ ​ ​

Reported

  ​ ​ ​

  ​ ​ ​

Reported

  ​ ​ ​

Reported

  ​ ​ ​

Equity

  ​ ​ ​

Equity

  ​ ​ ​

  ​ ​ ​

Summary

Summary

Pension

Value of

Value of

Award

Award

Compensation

Compensation

Adjustments

Equity

Equity

Adjustments

Adjustments

Compensation

Compensation

Table Total for

Table Total for

to First

Awards to

Awards to

to first

to second

Actually Paid

Actually Paid

first PEO (a)

second PEO (a)

PEO

first PEO (b)

second PEO (b)

PEO (c)

PEO (c)

to first PEO

to second PEO

Year

($)

($)

($)

($)

($)

($)

($)

($)

($)

2025

3,192,075

(1,388,265)

1,027,080

2,830,890

2024

1,854,830

(1,224,900)

570,994

1,200,924

2023

2,391,450

(998,400)

553,888

1,946,938

2022

2,138,360

2,272,390

(670,500)

(804,600)

1,859,930

1,594,914

3,327,790

3,062,704

2021

1,371,410

(387,000)

929,420

1,913,830

(a)The amounts disclosed represent the amounts reported as Total Compensation in the SCT.
(b)Represents the grant date fair value of the equity awards reported in the Stock Awards column of the SCT.
(c)Represents the year-over-year change in the fair value of equity awards, as shown below. For 2022, the change in fair value of equity awards has been attributed to the Named Executive Officer who was PEO as of December 31, 2022:

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

  ​ ​ ​

2022 - First PEO

  ​ ​ ​

2022 - Second PEO

  ​ ​ ​

2021

Fair Value of

($)

($)

($)

($)

($)

($)

Equity awards granted in Current Fiscal Year (CFY) outstanding and unvested as of end of CFY

1,148,481

891,000

757,120

666,750

800,100

 

454,000

Change in prior year awards outstanding and unvested as of end of CFY

(194,200)

(365,990)

(266,938)

1,096,200

730,800

 

305,800

Change in prior year awards that vested in current year

93,347

(3,536)

20,538

83,900

53,694

 

169,620

Prior year awards that fail to meet vesting conditions during CFY

(77,220)

Dividends paid

56,672

49,520

43,168

13,080

10,320

 

Total Equity Award Adjustments

1,027,080

570,994

553,888

1,859,930

1,594,914

 

929,420

       
Non-PEO NEO Average Total Compensation Amount $ 1,947,430 $ 1,090,484 $ 1,457,560 $ 819,670 $ 733,150
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,751,794 711,322 1,168,921 819,320 1,164,372
Adjustment to Non-PEO NEO Compensation Footnote

(3)

The dollar amounts reported represent the amount of CAP, computed in accordance with SEC rules. The dollar amounts do not reflect the actual amount of compensation earned by or paid to our Non-PEO Named Executive Officers during the applicable year. To calculate the amounts in the CAP to Non-PEO Named Executive Officers column in the table above, the following amounts were deducted from or added to (as applicable) the Total Compensation as reported in the SCT:

  ​ ​ ​

Average

  ​ ​ ​

Reported

  ​ ​ ​

Equity

  ​ ​ ​

Average Summary

Summary Compensation

Value of Average Equity

Award Adjustments to

Compensation Actually

Table Total for Non-PEO

Awards to Non-PEO Named

Non-PEO Named

Paid to Non-PEO Named

Named Executive Officers (a)

Executive Officers (b)

Executive Officers (c)

Executive Officers

Year

($)

($)

($)

($)

2025

1,947,430

(760,045)

564,408

1,751,794

2024

1,090,484

(637,969)

258,807

711,322

2023

 

1,457,560

 

(580,800)

 

292,161

 

1,168,921

2022

 

819,670

 

(312,900)

 

312,550

 

819,320

2021

 

733,150

 

(259,290)

 

690,512

 

1,164,372

(a)The amounts disclosed represent the average of the total amounts attributable to all non-PEO Named Executive Officers for the period each served, as included in the amounts reported as Total Compensation in the SCT.
(b)Represents the average grant date fair value of the equity awards reported in the Stock Awards column of the SCT.
(c)Represents the average year-over-year change in the fair value of equity awards, as shown below.

  ​ ​ ​

2025

2024

  ​ ​ ​

2023

  ​ ​ ​

2022

  ​ ​ ​

2021

Fair Value of

($)

($)

($)

($)

($)

Equity awards granted in Current Fiscal year (CFY) outstanding and unvested as of end of CFY

628,619

464,063

 

440,440

 

311,150

 

304,180

Change in prior year awards outstanding and unvested as of end of CFY

(108,490)

(232,060)

 

(190,584)

 

 

201,272

Change in prior year awards that vested in current year

56,711

(3,121)

 

13,685

 

 

185,060

Prior year awards that fail to meet vesting conditions during CFY

(44,921)

Dividends paid

32,489

29,925

 

28,620

 

1,400

 

Total Equity Award Adjustments

564,408

258,807

 

292,161

312,550

690,512

       
Compensation Actually Paid vs. Total Shareholder Return

The following graphs reflect the CAP paid to our PEOs and other Non-PEO Named Executive Officers over the five-year period ended December 31, 2025 and the performance of the Peer Group, and show the Company’s TSR, net income and OCF results over the same period.

Graphic

       
Compensation Actually Paid vs. Net Income

Graphic

       
Compensation Actually Paid vs. Company Selected Measure

Graphic

       
Total Shareholder Return Vs Peer Group

The following graphs reflect the CAP paid to our PEOs and other Non-PEO Named Executive Officers over the five-year period ended December 31, 2025 and the performance of the Peer Group, and show the Company’s TSR, net income and OCF results over the same period.

Graphic

       
Tabular List, Table
>Net Income;
>OCF – calculated as EBITDA minus cash paid for capital expenditures, adjusted as described above;
>EBITDA; and
>Total Shareholder Return.
       
Total Shareholder Return Amount $ 187 198 237 284 144
Peer Group Total Shareholder Return Amount 160 156 194 210 121
Net Income (Loss) $ 32,000,000 $ 91,000,000 $ 195,000,000 $ 218,000,000 $ 7,000,000
Company Selected Measure Amount 57 13 200 208 23
PEO Name Ben M. Palmer        
OCF adjustment amount $ 24,500,000        
Acquisition cost 9,100,000        
Insurance gain 2,700,000        
Net of reduction $ 11,800,000        
Measure:: 1          
Pay vs Performance Disclosure          
Name Net Income        
Measure:: 2          
Pay vs Performance Disclosure          
Name OCF        
Non-GAAP Measure Description

(5)

OCF is computed as EBITDA minus cash paid for capital expenditures, plus discretionary adjustments. For the year ended December 31, 2025, these adjustments included a net of reduction of $11.8 million comprising of the cashflows and costs related to a recently completed acquisition of $9.1 million and an insurance gain of $2.7 million. In 2023 discretionary adjustments totaling approximately $24.5 million related to pension plan termination, litigation settlement and expenses related to acquisitions were added back. There were no discretionary adjustments in computing OCF for the years 2024, 2022 and 2021.

       
Measure:: 3          
Pay vs Performance Disclosure          
Name EBITDA        
Measure:: 4          
Pay vs Performance Disclosure          
Name Total Shareholder Return        
Hubbell          
Pay vs Performance Disclosure          
PEO Total Compensation Amount       $ 2,138,360 $ 1,371,410
PEO Actually Paid Compensation Amount       3,327,790 1,913,830
Palmer          
Pay vs Performance Disclosure          
PEO Total Compensation Amount $ 3,192,075 $ 1,854,830 $ 2,391,450 2,272,390  
PEO Actually Paid Compensation Amount 2,830,890 1,200,924 1,946,938 3,062,704  
PEO | Hubbell | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount       (670,500) (387,000)
PEO | Hubbell | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount       1,859,930 929,420
PEO | Hubbell | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount       666,750 454,000
PEO | Hubbell | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount       1,096,200 305,800
PEO | Hubbell | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount       83,900 169,620
PEO | Hubbell | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount       13,080  
PEO | Palmer | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,388,265) (1,224,900) (998,400) (804,600)  
PEO | Palmer | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,027,080 570,994 553,888 1,594,914  
PEO | Palmer | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,148,481 891,000 757,120 800,100  
PEO | Palmer | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (194,200) (365,990) (266,938) 730,800  
PEO | Palmer | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 93,347 (3,536) 20,538 53,694  
PEO | Palmer | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (77,220)        
PEO | Palmer | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 56,672 49,520 43,168 10,320  
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (760,045) (637,969) (580,800) (312,900) (259,290)
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 564,408 258,807 292,161 312,550 690,512
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 628,619 464,063 440,440 311,150 304,180
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (108,490) (232,060) (190,584)   201,272
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 56,711 (3,121) 13,685   $ 185,060
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (44,921)        
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 32,489 $ 29,925 $ 28,620 $ 1,400