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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash Flows from Operating Activities:    
Net income (loss) $ (70,434) $ 28,633
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Exploratory well costs and lease expirations 913 9
Depletion, depreciation, amortization and accretion 25,720 19,138
Loss on derivatives, net 126,970 5,850
Settlements on derivative contracts (11,725) 1,115
Amortization of deferred financing costs and discount 1,182 1,182
Stock-based compensation expense 2,301 1,369
Deferred income tax benefit (23,308) (1,826)
Loss from equity method investment 368 119
Loss on acquisitions and divestitures, net 2,697 0
Other 0 (8)
Changes in operating assets and liabilities    
Accounts receivable, net (17,071) 6,893
Prepaid expenses (627) (269)
Inventory (1,087) (1,435)
Other non-current assets, net 502 (914)
Accounts payable and accrued liabilities 10,727 (3,457)
Revenue payable (2,420) (625)
Other current liabilities 2,468 (5,393)
Net Cash Provided by Operating Activities 47,176 50,381
Cash Flows from Investing Activities:    
Additions to oil and natural gas properties (29,570) (16,150)
Additions to midstream property and equipment (1,054) (2,879)
Additions to other property and equipment (560) (124)
Net assets acquired in business combination (2,175) 0
Acquisitions of land (544) 0
Proceeds from divestitures 7,607 0
Contributions to equity method investment (4,000) (6,250)
Distributions from equity method investment 1,487 0
Net Cash Used in Investing Activities (28,809) (25,403)
Cash Flows from Financing Activities:    
Deferred financing costs (26) (140)
Proceeds from Credit Facility 8,000 0
Repayments under Credit Facility (11,000) (16,000)
Repayments of Senior Notes (5,000) (5,000)
Payment of cash dividends (8,360) (8,033)
Repurchase of common shares (4,048) 0
Repurchase of common shares for tax withholding and other (13) (72)
Net Cash Used in Financing Activities (20,447) (29,245)
Net Decrease in Cash (2,080) (4,267)
Cash, Beginning of Period 17,889 13,124
Cash, End of Period 15,809 8,857
Cash Paid For:    
Interest, net of capitalized interest 5,469 5,860
Income taxes 10,000 9,000
Non-cash Investing and Financing Activities:    
Changes in capital expenditures in accounts payable and accrued liabilities 13,513 5,264
Transfer of inventory to oil and natural gas properties (26) 1,640
Right-of-use assets obtained in exchange for operating lease liability $ 352 $ 300