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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Revenues        
Total revenues $ 22,561 $ 23,025 $ 64,732 $ 64,650
Operating costs        
Lease operating costs 13,388 12,624 37,971 36,865
Depletion, depreciation, and accretion 5,014 5,900 16,172 14,760
General and administrative expenses 2,573 2,417 7,754 7,522
Total operating costs 20,975 20,941 61,897 59,147
Income (loss) from operations 1,586 2,084 2,835 5,503
Other income (expense)        
Net gain (loss) on derivative contracts (3,802) (1,183) (3,223) (1,183)
Interest and other income 55 63 164 283
Interest expense (705) (518) (2,292) (584)
Income (loss) before income taxes (2,866) 446 (2,516) 4,019
Income tax (expense) benefit 687 (157) 577 (1,174)
Net income (loss) $ (2,179) $ 289 $ (1,939) $ 2,845
Net income (loss) per common share:        
Basic (in dollars per share) $ (0.07) $ 0.01 $ (0.07) $ 0.09
Diluted (in dollars per share) $ (0.07) $ 0.01 $ (0.07) $ 0.08
Weighted average number of common shares outstanding:        
Basic (in shares) 33,433 32,702 33,027 32,692
Diluted (in shares) 33,433 32,854 33,027 32,920
Crude oil        
Revenues        
Total revenues $ 11,769 $ 14,538 $ 38,269 $ 38,913
Natural gas        
Revenues        
Total revenues 7,790 5,860 17,868 17,943
Natural gas liquids        
Revenues        
Total revenues $ 3,002 $ 2,627 $ 8,595 $ 7,794