v3.25.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 82,650 $ 121,001
Restricted cash 143 114
Receivables:    
Trade, net of allowances for credit loss and other of $0.2 million and $0.5 million, respectively 94,778 44,888
Accounts with joint venture owners, net of allowance for credit losses of $1.5 million and $0.8 million, respectively 179 1,814
Egypt receivables and other, net of allowances for credit loss and other of $0.0 million and $4.6 million, respectively 35,763 45,942
Crude oil inventory 9,441 1,948
Prepayments and other 14,973 12,434
Total current assets 237,927 228,141
Crude oil, natural gas and NGLs properties and equipment, net 538,103 459,786
Other noncurrent assets:    
Restricted cash 8,665 1,795
Value added tax and other receivables, net of allowances for credit loss and other of $0.8 million and $0.0 million, respectively 10,094 4,214
Right of use operating lease assets 17,254 2,378
Right of use finance lease assets 79,849 89,962
Deferred tax assets 55,581 29,242
Abandonment funding 6,268 6,268
Other long-term assets 1,209 1,430
Total assets 954,950 823,216
Current liabilities:    
Accrued liabilities and other 107,710 67,597
Operating lease liabilities - current portion 3,512 2,396
Finance lease liabilities - current portion 13,383 10,079
Foreign income taxes payable 42,043 19,261
Total current liabilities 181,728 127,475
Asset retirement obligations 78,592 47,343
Operating lease liabilities - net of current portion 13,903 33
Finance lease liabilities - net of current portion 67,377 78,293
Deferred tax liabilities 93,904 73,581
Other long-term liabilities 17,863 17,709
Total liabilities 453,367 344,434
Commitments and contingencies (Note 12)
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 362,578 357,498
Accumulated other comprehensive income (loss) (4,962) 2,880
Less treasury stock, 18,560,931 and 17,051,320 shares, respectively, at cost (78,024) (71,222)
Retained earnings 209,761 177,486
Total shareholders' equity 501,583 478,782
Total liabilities and shareholders' equity 954,950 823,216
Nonrelated Party    
Current liabilities:    
Accounts payable 11,756 22,152
Related Party    
Current liabilities:    
Accounts payable $ 3,324 $ 5,990

Source

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