v3.24.2.u1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 62,890 $ 121,001
Restricted cash 139 114
Receivables:    
Trade, net of allowances for credit loss and other of $0.2 and $0.5 million, respectively 64,934 44,888
Accounts with joint venture owners, net of allowance for credit losses of $0.8 and $0.8 million, respectively 721 1,814
Egypt receivables and other, net of allowances for credit loss and other of $11.2 and $4.6 million, respectively 41,903 45,942
Crude oil inventory 7,311 1,948
Prepayments and other 16,889 12,434
Total current assets 194,787 228,141
Crude oil, natural gas and NGLs properties and equipment, net 548,415 459,786
Other noncurrent assets:    
Restricted cash 8,788 1,795
Value added tax and other receivables, net of allowances for credit loss and other of $0.0 and $0.0 million, respectively 6,109 4,214
Right of use operating lease assets 580 2,378
Right of use finance lease assets 86,342 89,962
Deferred tax assets 64,859 29,242
Abandonment funding 6,268 6,268
Other long-term assets 1,216 1,430
Total assets 917,364 823,216
Current liabilities:    
Accrued liabilities and other 115,386 67,597
Operating lease liabilities - current portion 574 2,396
Finance lease liabilities - current portion 11,751 10,079
Foreign income taxes payable 12,361 19,261
Total current liabilities 163,573 127,475
Asset retirement obligations 65,373 47,343
Operating lease liabilities - net of current portion 0 33
Finance lease liabilities - net of current portion 74,388 78,293
Deferred tax liabilities 111,535 73,581
Other long-term liabilities 8,847 17,709
Total liabilities 423,716 344,434
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 359,803 357,498
Accumulated other comprehensive income (642) 2,880
Less treasury stock, 18,560,961 and 17,051,320 shares, respectively, at cost (78,024) (71,222)
Retained earnings 200,281 177,486
Total shareholders' equity 493,648 478,782
Total liabilities and shareholders' equity 917,364 823,216
Nonrelated Party [Member]    
Current liabilities:    
Accounts payable 22,605 22,152
Related Party [Member]    
Current liabilities:    
Accounts payable $ 896 $ 5,990

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