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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Total Revenues $ 88,381 $ 42,149 $ 212,876 $ 102,422
Costs and Expenses:        
Lease operating expenses 8,062 5,766 22,311 16,289
Production and ad valorem taxes 5,526 2,017 12,033 6,061
Exploration costs 22 2,785 2,131 8,682
Depletion, depreciation, amortization and accretion 7,188 7,082 20,688 19,323
General and administrative:        
Administrative costs 4,399 4,030 12,046 9,176
Unit-based compensation expense 0 0 0 689
Share-based compensation expense 553 779 2,521 5,353
Cost of contract services - related parties 89 91 324 330
Transaction costs 0 321 3,896 3,534
Total Costs and Expenses 25,839 22,871 75,950 69,437
Income From Operations 62,542 19,278 136,926 32,985
Other Income (Expense):        
Interest expense, net (697) (1,171) (2,271) (3,571)
Loss on derivatives (12,363) (35,396) (67,188) (74,208)
Total Other Expense (13,060) (36,567) (69,459) (77,779)
Net Income (Loss) From Continuing Operations Before Income Taxes 49,482 (17,289) 67,467 (44,794)
Income tax expense (10,927) (3,245) (14,682) (16,953)
Net Income (Loss) From Continuing Operations 38,555 (20,534) 52,785 (61,747)
Discontinued Operations:        
Loss from discontinued operations 0 (882) 0 (19,513)
Income tax expense on discontinued operations 0 (85) 0 (60)
Loss on Discontinued Operations 0 (967) 0 (19,573)
Net Income (Loss) 38,555 (21,501) 52,785 (81,320)
Dividends on preferred units 0 0 0 (1,491)
Net Income (Loss) Attributable to Common Shareholders/Unitholders 38,555 (21,501) 52,785 (82,811)
Net Income (Loss) Attributable to Common Shareholders/Unitholders $ 38,555 $ (21,501) $ 52,785 $ (82,811)
Net Income (Loss) per Share/Unit:        
Net Income (Loss) per Share/Unit from Continuing Operations, Basic (USD per Share/Unit) $ 1.97 $ (1.15) $ 2.71 $ (4.25)
Net Income (Loss) per Share/Unit from Continuing Operations, Diluted (USD per Share/Unit) 1.96 (1.15) 2.69 (4.25)
Net Loss per Share/Unit from Discontinued Operations, Basic (USD per Share/Unit) 0 (0.05) 0 (1.32)
Net Loss per Share/Unit from Discontinued Operations, Diluted (USD per Share/Unit) 0 (0.05) 0 (1.32)
Net Income (Loss) per Share/Unit, Basic (USD per Share/Unit) 1.97 (1.20) 2.71 (5.57)
Net Income (Loss) per Share/Unit, Diluted (USD per Share/Unit) $ 1.96 $ (1.20) $ 2.69 $ (5.57)
Weighted Average Common Shares/Units Outstanding:        
Basic (in Shares/Units) 19,542 17,786 19,504 14,872
Diluted (in Shares/Units) 19,660 17,786 19,620 14,872
Oil and natural gas sales, net        
Revenues:        
Total Revenues $ 87,781 $ 41,549 $ 211,076 $ 100,622
Contract services - related parties        
Revenues:        
Total Revenues $ 600 $ 600 $ 1,800 $ 1,800