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Subsequent Events
3 Months Ended
Mar. 31, 2026
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
Dividend Declaration
On April 15, 2026, the Board of Directors of the Company declared a cash dividend of $0.40 per share of common stock payable on May 13, 2026 to our shareholders of record at the close of business on April 29, 2026.
Credit Facility Redetermination
On April 30, 2026, in connection with the semi‑annual redetermination process under the Company’s Credit Facility, the Company entered into the eighteenth amendment to the Credit Facility, which among other things, increased the Company’s borrowing base from $400 million to $425 million and documented the Company's election to maintain commitments thereunder at $400 million. In addition, the eighteenth amendment shortens the springing maturity of the Credit Facility in advance of the Senior Notes from 181 days to 91 days, effectively extending the maturity date for the Credit Facility to January 2028, given the April 2028 stated maturity of the Senior Notes. All other significant terms of the Credit Facility remained unchanged. The Company was in compliance with all covenants under the Credit Facility as of March 31, 2026.
Equity Investment Contribution
On May 1, 2026, the Company contributed an additional $2.5 million to its equity method investment, RPC Power.