v3.25.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets: 听 听
Cash and cash equivalents $ 5,342 $ 1,473
Accounts receivable鈥攐il, natural gas, and natural gas liquids sales 158,060 155,942
Accounts receivable鈥攋oint interest and other 8,747 8,727
Prepaid expenses and other current assets 8,994 7,086
Short-term derivative instruments 24,151 58,085
Total current assets 205,294 231,313
Property and equipment: 听 听
Proved oil and natural gas properties 3,524,497 3,349,805
Unproved properties 215,154 221,650
Other property and equipment 11,834 11,291
Total property and equipment 3,751,485 3,582,746
Less: accumulated depletion, depreciation and amortization (1,630,039) (1,564,475)
Total property and equipment, net 2,121,446 2,018,271
Other assets: 听 听
Long-term derivative instruments 17,296 6,003
Deferred tax asset 581,240 581,233
Operating lease assets 1,150 6,099
Other assets 21,159 22,778
Total other assets 620,845 616,113
Total assets 2,947,585 2,865,697
Current liabilities: 听 听
Accounts payable and accrued liabilities 334,353 298,081
Short-term derivative instruments 142,393 41,889
Current portion of operating lease liabilities 792 5,538
Total current liabilities 477,538 345,508
Non-current liabilities: 听 听
Long-term derivative instruments 48,595 35,081
Asset retirement obligation 32,354 32,949
Non-current operating lease liabilities 358 561
Long-term debt 700,354 702,857
Total non-current liabilities 781,661 771,448
Total liabilities 1,259,199 1,116,956
Commitments and contingencies (Note 9)
Mezzanine equity: 听 听
Preferred stock - $0.0001 par value, 110.0听thousand shares authorized, 32.9 thousand issued and outstanding at March听31, 2025, and 37.3听thousand issued and outstanding at December听31, 2024 32,887 37,348
Stockholders鈥� equity: 听 听
Common stock - $0.0001 par value, 42.0听million shares authorized, 17.8听million issued and outstanding at March听31, 2025, and 17.8听million issued and outstanding at December听31, 2024 2 2
Additional paid-in capital 76,683 129,059
Retained earnings 1,581,006 1,582,332
Treasury stock, at cost - 11.9 thousand shares at March 31, 2025 and 0 shares at December 31, 2024 (2,192) 0
Total stockholders鈥� equity 1,655,499 1,711,393
Total liabilities, mezzanine equity and stockholders鈥� equity $ 2,947,585 $ 2,865,697

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