XML 14 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS – UNAUDITED - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues        
Total revenues and other $ 305,090 $ 141,061 $ 876,036 $ 354,315
Operating expenses        
Lease operating 24,123 10,647 61,133 29,200
Gathering, processing and transportation 9,794 5,688 27,472 15,535
Production and ad valorem taxes 16,698 7,534 46,612 19,768
General and administrative 9,829 10,932 30,243 31,094
Depreciation, depletion and amortization 66,204 30,975 171,387 83,654
Impairments of oil and gas properties 0 0 0 1,811
Total operating expenses 126,648 65,776 336,847 181,062
Operating income 178,442 75,285 539,189 173,253
Other income (expense)        
Interest expense, net of amounts capitalized (13,160) (10,582) (34,895) (21,282)
Gain (loss) on extinguishment of debt 0 0 2,157 (1,231)
Derivative gains (losses) 63,756 (21,084) (149,073) (119,679)
Other, net 599 (7) 757 (13)
Income before income taxes 229,637 43,612 358,135 31,048
Income tax expense (2,052) (549) (3,171) (410)
Net income 227,585 43,063 354,964 30,638
Net income attributable to Noncontrolling interest (121,349) (25,676) (187,529) (23,778)
Net income attributable to common shareholders $ 106,236 $ 17,387 $ 167,435 $ 6,860
Net income per share attributable to common shareholders:        
Basic (in dollars per share) $ 5.38 $ 1.13 $ 8.14 $ 0.45
Diluted (in dollars per share) $ 5.26 $ 1.11 $ 7.97 $ 0.44
Weighted average shares outstanding – basic (in shares) 19,741 15,319 20,573 15,298
Weighted average shares outstanding – diluted (in shares) 20,341 15,713 21,155 15,669
Crude oil        
Revenues        
Revenues $ 262,537 $ 127,995 $ 762,858 $ 326,222
Natural gas liquids        
Revenues        
Revenues 18,669 7,165 54,227 15,115
Natural gas        
Revenues        
Revenues 22,899 4,973 56,063 10,893
Other operating income, net        
Revenues        
Revenues $ 985 $ 928 $ 2,888 $ 2,085