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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Total Revenues $ 88,071 $ 48,614 $ 243,697 $ 128,022
Costs and Expenses:        
Lease operating expenses 8,813 5,686 23,705 17,407
Production and ad valorem taxes 5,826 2,575 14,854 7,347
Exploration costs 20 884 1,540 9,142
Depletion, depreciation, amortization and accretion 8,346 6,692 22,167 20,025
General and administrative:        
Administrative costs 5,154 4,790 13,567 11,516
Unit-based compensation expense 0 0 0 276
Share-based compensation expense 704 751 2,274 6,101
Cost of contract services - related parties 89 147 263 329
Transaction costs 0 198 2,638 2,683
Total Costs and Expenses 28,952 21,723 81,008 74,826
Income From Operations 59,119 26,891 162,689 53,196
Other Income (Expense):        
Interest expense, net (585) (963) (1,960) (3,299)
Gain (loss) on derivatives 17,600 (14,987) (44,395) (75,286)
Total Other Income (Expense) 17,015 (15,950) (46,355) (78,585)
Net Income (Loss) From Continuing Operations Before Income Taxes 76,134 10,941 116,334 (25,389)
Income tax benefit (expense) (16,317) 3,937 (25,130) (13,539)
Net Income (Loss) From Continuing Operations 59,817 14,878 91,204 (38,928)
Discontinued Operations:        
Gain (loss) from discontinued operations 0 775 0 (18,738)
Income tax benefit (expense) on discontinued operations 0 1 0 (59)
Gain (Loss) on Discontinued Operations 0 776 0 (18,797)
Net Income (Loss) 59,817 15,654 91,204 (57,725)
Dividends on preferred units 0 0 0 (574)
Net Income (Loss) Attributable to Common Shareholders/Unitholders 59,817 15,654 91,204 (58,299)
Net Income (Loss) Attributable to Common Shareholders/Unitholders $ 59,817 $ 15,654 $ 91,204 $ (58,299)
Net Income (Loss) per Share/Unit:        
Net Income (Loss) per Share/Unit from Continuing Operations, Basic (USD per Share/Unit) $ 3.06 $ 0.77 $ 4.67 $ (2.29)
Net Income (Loss) per Share/Unit from Continuing Operations, Diluted (USD per Share/Unit) 3.05 0.76 4.65 (2.29)
Net Income (Loss) per Share/Unit from Discontinued Operations, Basic (USD per Share/Unit) 0 0.04 0 (1.09)
Net Income (Loss) per Share/Unit from Discontinued Operations, Diluted (USD per Share/Unit) 0 0.04 0 (1.09)
Net Income (Loss) per Share/Unit, Basic (USD per Share/Unit) 3.06 0.81 4.67 (3.38)
Net Income (Loss) per Share/Unit, Diluted (USD per Share/Unit) $ 3.05 $ 0.80 $ 4.65 $ (3.38)
Weighted Average Common Shares/Units Outstanding:        
Basic (in Shares/Units) 19,546 19,434 19,530 17,218
Diluted (in Shares/Units) 19,587 19,540 19,632 17,218
Oil and natural gas sales, net        
Revenues:        
Total Revenues $ 87,471 $ 48,014 $ 241,897 $ 126,222
Contract services - related parties        
Revenues:        
Total Revenues $ 600 $ 600 $ 1,800 $ 1,800