| Supplementary Data |
Selected Quarterly
Financial Data (unaudited), (dollars in thousands, except per-share
amounts):
|
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|
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|
|
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| |
|
2012 Quarters
Ended |
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| |
|
December 31 |
|
|
September 30 |
|
|
June 30 |
|
|
March 31 |
|
|
Net revenue
|
|
$ |
35,309 |
|
|
$ |
33,038 |
|
|
$ |
29,927 |
|
|
$ |
30,618 |
|
|
Net operating
expenses
|
|
|
(36,777 |
) |
|
|
(31,340 |
) |
|
|
(26,095 |
) |
|
|
(23,879 |
) |
|
Interest expense,
net
|
|
|
(926 |
) |
|
|
(1,544 |
) |
|
|
(1,380 |
) |
|
|
(887 |
) |
|
Loss on equity
investment
|
|
|
(108 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Realized (loss) gain on
commodity derivatives
|
|
|
(408 |
) |
|
|
423 |
|
|
|
361 |
|
|
|
(484 |
) |
|
Unrealized gain (loss) on
commodity derivatives
|
|
|
1,292 |
|
|
|
(4,185 |
) |
|
|
9,439 |
|
|
|
(2,672 |
) |
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|
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|
|
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|
(Loss) income before income
tax (benefit)
|
|
|
(1,618 |
) |
|
|
(3,608 |
) |
|
|
12,252 |
|
|
|
2,696 |
|
|
Income tax (benefit)
provision
|
|
|
(781 |
) |
|
|
(1,253 |
) |
|
|
4,390 |
|
|
|
982 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net (loss)
income
|
|
$ |
(837 |
) |
|
$ |
(2,355 |
) |
|
$ |
7,862 |
|
|
$ |
1,714 |
|
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|
|
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|
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|
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|
Basic net (loss) income
applicable to common stockholders per common share
|
|
$ |
(0.02 |
) |
|
$ |
(0.07 |
) |
|
$ |
0.23 |
|
|
$ |
0.05 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Diluted net (loss) income
applicable to common stockholders per common share
|
|
$ |
(0.02 |
) |
|
$ |
(0.07 |
) |
|
$ |
0.23 |
|
|
$ |
0.05 |
|
|
|
|
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|
|
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|
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|
|
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|
|
|
|
|
|
|
|
| |
|
2011 Quarters
Ended |
|
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|
| |
|
December 31 |
|
|
September 30 |
|
|
June 30 |
|
|
March 31 |
|
|
Net revenue
|
|
$ |
31,123 |
|
|
$ |
27,958 |
|
|
$ |
29,123 |
|
|
$ |
20,183 |
|
|
Net operating
expenses
|
|
|
(42,339 |
) |
|
|
(19,092 |
) |
|
|
(18,170 |
) |
|
|
(17,930 |
) |
|
Interest expense,
net
|
|
|
(1,010 |
) |
|
|
(1,016 |
) |
|
|
(863 |
) |
|
|
(513 |
) |
|
Realized gain on commodity
derivatives
|
|
|
1,720 |
|
|
|
1,392 |
|
|
|
66 |
|
|
|
197 |
|
|
Unrealized (loss) gain on
commodity derivatives
|
|
|
(4,168 |
) |
|
|
1,739 |
|
|
|
2,231 |
|
|
|
(149 |
) |
|
(Loss) gain on sale of oil
and gas properties
|
|
|
(243 |
) |
|
|
— |
|
|
|
3 |
|
|
|
488 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Loss) income before income
(benefit) tax
|
|
|
(14,917 |
) |
|
|
10,981 |
|
|
|
12,390 |
|
|
|
2,276 |
|
|
Income tax (benefit)
provision
|
|
|
(5,632 |
) |
|
|
3,908 |
|
|
|
4,400 |
|
|
|
812 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net (loss)
income
|
|
$ |
(9,285 |
) |
|
$ |
7,073 |
|
|
$ |
7,990 |
|
|
$ |
1,464 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic net (loss) income
applicable to common stockholders per common share
|
|
$ |
(0.30 |
) |
|
$ |
0.25 |
|
|
$ |
0.28 |
|
|
$ |
0.05 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Diluted net (loss) income
applicable to common stockholders per common share
|
|
$ |
(0.30 |
) |
|
$ |
0.25 |
|
|
$ |
0.28 |
|
|
$ |
0.05 |
|
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|
|
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|
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|
| |
|
2010 Quarters
Ended |
|
| |
|
December 31 |
|
|
September 30 |
|
|
June 30 |
|
|
March 31 |
|
|
Net revenue
|
|
$ |
16,290 |
|
|
$ |
14,916 |
|
|
$ |
13,155 |
|
|
$ |
13,220 |
|
|
Net operating
expenses
|
|
|
(15,493 |
) |
|
|
(12,350 |
) |
|
|
(10,191 |
) |
|
|
(12,368 |
) |
|
Interest expense,
net
|
|
|
(558 |
) |
|
|
(615 |
) |
|
|
(550 |
) |
|
|
(466 |
) |
|
Realized gain on commodity
derivatives
|
|
|
2,171 |
|
|
|
1,615 |
|
|
|
1,768 |
|
|
|
230 |
|
|
Unrealized (loss) gain on
commodity derivatives
|
|
|
(2,094 |
) |
|
|
(312 |
) |
|
|
(1,901 |
) |
|
|
5,095 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income before income
taxes
|
|
|
316 |
|
|
|
3,254 |
|
|
|
2,281 |
|
|
|
5,711 |
|
|
Income tax
provision
|
|
|
55 |
|
|
|
1,167 |
|
|
|
730 |
|
|
|
2,148 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
|
|
$ |
261 |
|
|
$ |
2,087 |
|
|
$ |
1,551 |
|
|
$ |
3,563 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic net income applicable
to common stockholders per common share
|
|
$ |
0.01 |
|
|
$ |
0.10 |
|
|
$ |
0.07 |
|
|
$ |
0.17 |
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted net income
applicable to common stockholders per common share
|
|
$ |
0.01 |
|
|
$ |
0.10 |
|
|
$ |
0.07 |
|
|
$ |
0.17 |
|
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|