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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2021
Dec. 31, 2022
Sep. 30, 2021
Revenues:      
Total Revenues $ 57,250 $ 321,743 $ 151,036
Costs and Expenses:      
Lease operating expenses 7,419 32,458 21,975
Production and ad valorem taxes 3,005 19,273 8,636
Exploration costs 611 2,032 9,566
Depletion, depreciation, amortization and accretion 6,867 32,113 26,015
Impairment of oil and natural gas properties 0 7,325 0
General and administrative:      
Administrative costs 3,633 18,496 13,966
Unit-based compensation expense 0 0 689
Share-based compensation expense 951 3,439 6,104
Cost of contract services - related parties 150 450 477
Transaction costs 1,258 2,638 3,732
Total Costs and Expenses 23,894 118,224 91,160
Income From Operations 33,356 203,519 59,876
Other Expense:      
Interest expense, net (896) (1,090) (4,534)
Loss on derivatives (5,193) (51,574) (89,195)
Total Other Expense (6,089) (52,664) (93,729)
Net Income (Loss) From Continuing Operations Before Income Taxes 27,267 150,855 (33,853)
Income tax expense (5,869) (32,844) (13,016)
Net Income (Loss) From Continuing Operations 21,398 118,011 (46,869)
Discontinued Operations:      
Loss from discontinued operations 0 0 (18,738)
Income tax expense on discontinued operations 0 0 (59)
Loss on Discontinued Operations 0 0 (18,797)
Net Income (Loss) 21,398 118,011 (65,666)
Dividends on preferred units 0 0 (1,491)
Net Income (Loss) Attributable to Common Shareholders/Unitholders 21,398 118,011 (67,157)
Net Income (Loss) Attributable to Common Shareholders/Unitholders $ 21,398 $ 118,011 $ (67,157)
Net Income (Loss) per Share/Unit:      
Net Income (Loss) per Share/Unit from Continuing Operations, Basic (USD per Share/Unit) $ 1.10 $ 6.04 $ (3.02)
Net Income (Loss) per Share/Unit from Continuing Operations, Diluted (USD per Share/Unit) 1.09 5.99 (3.02)
Net Loss per Share/Unit from Discontinued Operations, Basic (USD per Share/Unit) 0 0 (1.17)
Net Loss per Share/Unit from Discontinued Operations, Diluted (USD per Share/Unit) 0 0 (1.17)
Net Income (Loss) per Share/Unit, Basic (USD per Share/Unit) 1.10 6.04 (4.19)
Net Income (Loss) per Share/Unit, Diluted (USD per Share/Unit) $ 1.09 $ 5.99 $ (4.19)
Weighted Average Common Shares/Units Outstanding:      
Basic (in Shares/Units) 19,470 19,553 16,021
Diluted (in Shares/Units) 19,569 19,686 16,021
Oil and natural gas sales, net      
Revenues:      
Total Revenues $ 56,650 $ 319,343 $ 148,636
Contract services - related parties      
Revenues:      
Total Revenues $ 600 $ 2,400 $ 2,400