v3.24.3
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 89,101 $ 121,001
Restricted cash 146 114
Receivables:    
Trade, net of allowances for credit loss and other of $0.7 million and $0.5 million, respectively 84,344 44,888
Accounts with joint venture owners, net of allowance for credit losses of $1.2 million and $0.8 million, respectively 1,131 1,814
Egypt receivables and other, net of allowances for credit loss and other of $0.0 million and $4.6 million 42,163 45,942
Crude oil inventory 4,776 1,948
Prepayments and other 15,138 12,434
Total current assets 236,799 228,141
Crude oil, natural gas and NGLs properties and equipment, net 531,589 459,786
Other noncurrent assets:    
Restricted cash 9,462 1,795
Value added tax and other receivables, net of allowances for credit loss and other of $0.0 million 10,228 4,214
Right of use operating lease assets 2,320 2,378
Right of use finance lease assets 83,093 89,962
Deferred tax assets 57,035 29,242
Abandonment funding 6,268 6,268
Other long-term assets 1,109 1,430
Total assets 937,903 823,216
Current liabilities:    
Accrued liabilities and other 103,848 67,597
Operating lease liabilities - current portion 335 2,396
Finance lease liabilities - current portion 12,560 10,079
Foreign income taxes payable 43,473 19,261
Total current liabilities 176,247 127,475
Asset retirement obligations 65,868 47,343
Operating lease liabilities - net of current portion 2,006 33
Finance lease liabilities - net of current portion 70,912 78,293
Deferred tax liabilities 103,356 73,581
Other long-term liabilities 18,482 17,709
Total liabilities 436,871 344,434
Commitments and contingencies (Note 10)
Shareholders’ equity:    
Preferred stock, $25 par value; 500,000 shares authorized, none issued 0 0
Common stock, $0.10 par value; 160,000,000 shares authorized, 122,304,124 and 121,397,553 shares issued, 103,743,163 and 104,346,233 shares outstanding, respectively 12,230 12,140
Additional paid-in capital 361,147 357,498
Accumulated other comprehensive income 1,013 2,880
Less treasury stock, 18,560,961 and 17,051,320 shares, respectively, at cost (78,024) (71,222)
Retained earnings 204,666 177,486
Total shareholders' equity 501,032 478,782
Total liabilities and shareholders' equity 937,903 823,216
Nonrelated Party    
Current liabilities:    
Accounts payable 15,047 22,152
Related Party    
Current liabilities:    
Accounts payable $ 984 $ 5,990

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