Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Operations

v3.25.0.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Total revenues $ 525,261 $ 532,656 $ 920,997
Operating expenses:      
Lease operating expenses 281,488 257,676 224,414
Gathering, transportation and production taxes 28,177 26,250 35,128
Depreciation, depletion, and amortization 143,025 114,677 107,122
Asset retirement obligations accretion 32,374 29,018 26,508
General and administrative expenses 82,391 75,541 73,747
Total operating expenses 567,455 503,162 466,919
Operating (loss) income (42,194) 29,494 454,078
Interest expense, net 40,454 44,689 69,441
Derivative (gain) loss, net (3,589) (54,759) 85,533
Other expense, net 18,071 5,621 14,295
(Loss) income before income taxes (97,130) 33,943 284,809
Income tax (benefit) expense (9,985) 18,345 53,660
Net (loss) income $ (87,145) $ 15,598 $ 231,149
Net (loss) income per common share:      
Basic (in dollars per share) $ (0.59) $ 0.11 $ 1.61
Diluted (in dollars per share) $ (0.59) $ 0.11 $ 1.59
Weighted average common shares outstanding:      
Basic (in shares) 147,133 146,483 143,143
Diluted (in shares) 147,133 148,302 145,090
Oil      
Revenues:      
Total revenues $ 395,620 $ 381,389 $ 524,274
NGLs      
Revenues:      
Total revenues 27,978 32,446 56,964
Natural gas      
Revenues:      
Total revenues 90,877 110,158 323,831
Other      
Revenues:      
Total revenues $ 10,786 $ 8,663 $ 15,928