XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Total Revenues $ 99,744 $ 67,012
Costs and Expenses:    
Lease operating expenses 16,769 8,875
Production and ad valorem taxes 7,231 4,110
Exploration costs 4 332
Depletion, depreciation, amortization and accretion 17,779 9,083
General and administrative:    
Administrative costs 5,339 5,467
Share-based compensation expense 1,692 1,114
Transaction costs 0 1,887
Total Costs and Expenses 49,177 30,978
Income from Operations 50,567 36,034
Other Income (Expense):    
Interest expense, net (9,067) (1,016)
Gain (loss) on derivatives, net (17,077) 5,755
Income (loss) from equity method investment 167 (232)
Total Other Income (Expense) (25,977) 4,507
Net Income from Operations before Income Taxes 24,590 40,541
Income tax expense (5,832) (8,690)
Net Income $ 18,758 $ 31,851
Net Income per Share:    
Basic (USD per Share) $ 0.94 $ 1.62
Diluted (USD per Share) $ 0.94 $ 1.60
Weighted Average Common Shares Outstanding:    
Basic (in Shares) 19,891 19,649
Diluted (in Shares) 19,992 19,910
Related Party    
General and administrative:    
Cost of contract services $ 363 $ 110
Oil and natural gas sales, net    
Revenues:    
Total Revenues 99,424 66,412
Contract services - related parties    
Revenues:    
Total Revenues $ 320 $ 600