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Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2026

Debt Disclosure [Abstract]

Schedule of Debt

The following table summarizes the Company's outstanding debt:

			March 31, 2026						December 31, 2025
			(In thousands)
Credit Facility			$	107,000					$	110,000
Senior Notes
Principal			$	140,000					$	145,000
Less: Unamortized discount(1)			4,506						5,095
Less: Unamortized deferred financing costs(1)			1,819						2,050
Total Senior Notes			$	133,675					$	137,855
Total debt			$	240,675					$	247,855
Less: Current portion of long-term debt(2)			20,000						20,000
Total long-term debt			$	220,675					$	227,855

___________________

(1)Unamortized discount and unamortized deferred financing costs are attributable to and amortized over the term of the Senior Notes.

(2)As of March 31, 2026, and December 31, 2025, 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:

			March 31, 2026						December 31, 2025
			(In thousands)
Outstanding borrowings			$	107,000					$	110,000
Available under the borrowing base			$	293,000					$	290,000

Schedule of Components of Interest Expense

The following table summarizes the Company's interest expense:

									Three Months Ended March 31,
															2026						2025
												(In thousands)
Interest expense															$	5,362					$	6,025
Interest income															(175)						(130)
Capitalized interest															(291)						(691)
Amortization of deferred financing costs															593						568
Amortization of discount on Senior Notes															589						614
Unused commitment fees on Credit Facility															279						275
Total interest expense, net															$	6,357					$	6,661

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Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22)(b))
-Publisher FASB
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-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(19)(b))
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-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

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