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CONDENSED CONSOLIDATED INCOME STATEMENTS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues        
Total revenues $ 25,977 $ 33,419 $ 56,260 $ 76,566
Expenses        
Lease operating expenses 8,738 8,802 19,630 20,496
Production, ad valorem, and other taxes 1,841 2,740 3,737 6,491
Depreciation and depletion — oil and natural gas 4,350 3,744 8,426 7,198
Depreciation and amortization — other 1,664 1,615 3,342 3,233
General and administrative 3,050 2,476 6,382 5,385
Restructuring expenses 81 262 81 301
Employee termination benefits 0 0 0 19
(Gain) loss on derivative contracts 0 0 0 (1,447)
Other operating (income) expense, net 33 (27) 24 (121)
Total expenses 19,757 19,612 41,622 41,555
Income from operations 6,220 13,807 14,638 35,011
Other income (expense)        
Interest income (expense), net 2,491 2,828 5,189 5,327
Other income (expense), net 83 2 92 57
Total other income (expense) 2,574 2,830 5,281 5,384
Income (loss) before income taxes 8,794 16,637 19,919 40,395
Income tax (benefit) expense 0 0 0 0
Net income (loss) $ 8,794 $ 16,637 $ 19,919 $ 40,395
Net income (loss) per share        
Basic (in dollars per share) $ 0.24 $ 0.45 $ 0.54 $ 1.10
Diluted (in dollars per share) $ 0.24 $ 0.45 $ 0.54 $ 1.09
Weighted average number of common shares outstanding        
Basic (in shares) 37,083 36,892 37,063 36,876
Diluted (in shares) 37,158 37,097 37,108 37,085