|
Q3 FY2025
As of Sep 30, 2025
|
Q2 FY2025
As of Jun 30, 2025
|
Q1 FY2025
As of Mar 31, 2025
|
Q4 FY2024
As of Dec 31, 2024
|
Q3 FY2024
As of Sep 30, 2024
|
Q2 FY2024
As of Jun 30, 2024
|
Q1 FY2024
As of Mar 31, 2024
|
Q4 FY2023
As of Dec 31, 2023
|
Q3 FY2023
As of Sep 30, 2023
|
Q2 FY2023
As of Jun 30, 2023
|
Q1 FY2023
As of Mar 31, 2023
|
Q4 FY2022
As of Dec 31, 2022
|
Q3 FY2022
As of Sep 30, 2022
|
Q2 FY2022
As of Jun 30, 2022
|
Q1 FY2022
As of Mar 31, 2022
|
Q4 FY2021
As of Dec 31, 2021
|
Q3 FY2021
As of Sep 30, 2021
|
Q2 FY2021
As of Jun 30, 2021
|
Q1 FY2021
As of Mar 31, 2021
|
Q4 FY2020
As of Dec 31, 2020
|
|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||||||||||
| Current assets: | ||||||||||||||||||||
| Cash and cash equivalents | ||||||||||||||||||||
| Accounts receivable, net: | ||||||||||||||||||||
| Crude oil, natural gas, and NGL sales | ||||||||||||||||||||
| Joint interest and other | ||||||||||||||||||||
| Derivative assets | ||||||||||||||||||||
| Prepaid income taxes | ||||||||||||||||||||
| Deposits for acquisitions | ||||||||||||||||||||
| Escrow Deposit | ||||||||||||||||||||
| Prepaid expenses and other | ||||||||||||||||||||
| Total current assets | ||||||||||||||||||||
| Property and equipment (successful efforts method): | ||||||||||||||||||||
| Proved properties | ||||||||||||||||||||
| Less: accumulated depreciation, depletion, and amortization | ||||||||||||||||||||
| Total proved properties, net | ||||||||||||||||||||
| Unproved properties | ||||||||||||||||||||
| Wells in progress | ||||||||||||||||||||
| Other property and equipment, net of accumulated depreciation of $10 million in 2025 and $9 million in 2024 | ||||||||||||||||||||
| Total property and equipment, net | ||||||||||||||||||||
| Derivative assets | ||||||||||||||||||||
| Right-of-use assets | ||||||||||||||||||||
| Deferred income tax assets | ||||||||||||||||||||
| Other noncurrent assets | ||||||||||||||||||||
| Total assets | ||||||||||||||||||||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||||||||||||||
| Current liabilities: | ||||||||||||||||||||
| Accounts payable and accrued expenses | ||||||||||||||||||||
| Severance and ad valorem taxes payable | ||||||||||||||||||||
| Crude oil, natural gas, and NGL revenue distribution payable | ||||||||||||||||||||
| Derivative liability | ||||||||||||||||||||
| Income tax payable | ||||||||||||||||||||
| Asset retirement obligations | ||||||||||||||||||||
| Lease liability | ||||||||||||||||||||
| Deferred revenue | ||||||||||||||||||||
| Deferred acquisition consideration | ||||||||||||||||||||
| Other liabilities | ||||||||||||||||||||
| Total current liabilities | ||||||||||||||||||||
| Long-term liabilities: | ||||||||||||||||||||
| Credit facility | ||||||||||||||||||||
| Debt, net | ||||||||||||||||||||
| Ad valorem taxes | ||||||||||||||||||||
| Derivative liability | ||||||||||||||||||||
| Deferred income tax liabilities, net | ||||||||||||||||||||
| Asset retirement obligations | ||||||||||||||||||||
| Lease liability | ||||||||||||||||||||
| Deferred revenue | ||||||||||||||||||||
| Other long-term liabilities | ||||||||||||||||||||
| Total liabilities | ||||||||||||||||||||
| Stockholders’ equity: | ||||||||||||||||||||
| Preferred stock, $.01 par value, 25,000,000 shares authorized, none outstanding | ||||||||||||||||||||
| Common stock, $.01 par value, 225,000,000 shares authorized, 85,293,095 and 93,933,857 issued and outstanding as of September 30, 2025 and December 31, 2024, respectively | ||||||||||||||||||||
| Additional paid-in capital | ||||||||||||||||||||
| Retained earnings | ||||||||||||||||||||
| Total stockholders’ equity | ||||||||||||||||||||
| Total liabilities and stockholders’ equity | ||||||||||||||||||||
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