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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 32,607 $ 19,919
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation, depletion, and amortization 19,921 11,768
(Gain) loss on derivative contracts (3,572) 0
Settlement gains (losses) on derivative contracts 1,319 0
Stock-based compensation 1,370 1,072
Other 262 80
Changes in operating assets and liabilities (8,726) (5,746)
Net cash provided by operating activities 43,181 27,093
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures for property, plant and equipment (22,011) (3,575)
Acquisition of assets (4,427) (2,103)
Purchase of other property and equipment (562) (12)
Sales tax refund on completion costs 2,800 0
Proceeds from sale of assets 455 571
Net cash used in investing activities (23,745) (5,119)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends paid to shareholders (8,191) (64,003)
Reduction of financing lease liability (406) (396)
Repurchases of common stock (5,927) 0
Tax withholdings paid in exchange for shares withheld on employee vested stock awards (224) (227)
Net cash used in financing activities (14,748) (64,626)
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS and RESTRICTED CASH 4,688 (42,652)
CASH, CASH EQUIVALENTS and RESTRICTED CASH, beginning of year 99,511 253,944
CASH, CASH EQUIVALENTS and RESTRICTED CASH, end of period 104,199 211,292
Supplemental Disclosure of Cash Flow Information    
Cash paid for interest, net of amounts capitalized (66) (64)
Supplemental Disclosure of Noncash Investing and Financing Activities    
Capital expenditures for property, plant and equipment in accounts payables and accrued expenses 6,852 641
Right-of-use assets obtained in exchange for financing lease obligations 229 230
Inventory material transfers to oil and natural gas properties 3 71
Asset retirement obligation capitalized 38 0
Asset retirement obligation removed due to divestiture (288) 0
Change in accrued excise tax on repurchases of common stock 47 0
Change in dividends payable $ 48 $ (65)