XML 43 R32.htm IDEA: XBRL DOCUMENT v3.25.3
Long-Term Debt (Tables)
 9 Months Ended
Sep. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Debt
The following table summarizes the Company's outstanding debt:
September 30, 2025December 31, 2024
(In thousands)
Credit Facility$225,000 $115,000 
Senior Notes
Principal$150,000 $165,000 
Less: Unamortized discount(1)
5,704 7,547 
Less: Unamortized deferred financing costs(1)
2,254 2,959 
Total Senior Notes$142,042 $154,494 
Total debt
$367,042 $269,494 
Less: Current portion of long-term debt(2)
20,000 20,000 
Total long-term debt$347,042 $249,494 
___________________
(1)Unamortized discount and unamortized deferred financing costs are attributable to and amortized over the term of the Senior Notes.
(2)As of September 30, 2025, and December 31, 2024, the current portion of long-term debt reflects $20 million due on the Senior Notes over the next twelve months.
Schedule of Credit Facility
The following table summarizes the Credit Facility balances:
September 30, 2025December 31, 2024
(In thousands)
Outstanding borrowings$225,000 $115,000 
Available under the borrowing base$175,000 $285,000 
Schedule of Components of Interest Expense
The following table summarizes the Company's interest expense:
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
(In thousands)
Interest expense$8,669 $7,597 $20,922 $24,749 
Interest income
(198)(229)(477)(672)
Capitalized interest(260)(140)(1,315)(1,938)
Amortization of deferred financing costs582 690 1,726 2,041 
Amortization of discount on Senior Notes615 653 1,844 1,934 
Unused commitment fees on Credit Facility198 218 738 599 
Total interest expense, net$9,606 $8,789 $23,438 $26,713