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Consolidated Balance Sheets

In millions of USD, except per-share amounts
Q2 FY2026
As of Jun 30, 2026
Q1 FY2026
As of Mar 31, 2026
Q4 FY2025
As of Dec 31, 2025
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
Assets
Current Assets
Cash and cash equivalents
Cash
Total cash
Accrued revenue
Commodity derivatives
Prepaid expenses and other current assets
Total current assets
Oil and Gas Properties-Using the successful efforts method of accounting
Proved oil and gas properties
Less accumulated DD&A and impairment
Total oil and gas properties, net
Other Property and Equipment—Net
Commodity derivatives
Other noncurrent assets
Total other assets
Total assets
Liabilities and Equity
Current Liabilities
Accounts payable
Accrued liabilities
Commodity derivatives
Other current liabilities
Total current liabilities
Revolving credit facility
Deferred tax liability
Asset retirement obligations
Commodity derivatives
Other noncurrent liabilities
Liabilities
Total liabilities
Equity
Preferred stock, $0.01 par value, 5,000,000 shares authorized; 0 shares issued at June 30, 2026 and December 31, 2025, respectively
Common stock, $0.01 par value, 95,000,000 shares authorized; 42,802,648 and 40,615,302 shares issued at June 30, 2026 and December 31, 2025, respectively
Total common stock, $0.01 par value, 95,000,000 shares authorized; 42,802,648 and 40,615,302 shares issued at June 30, 2026 and December 31, 2025, respectively
Additional paid-in capital
Accumulated deficit
Total equity
Total liabilities and equity

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