v3.25.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Crude oil, natural gas and natural gas liquids sales $ 478,988 $ 455,066 $ 354,326
Operating costs and expenses:      
Production expense 163,500 153,157 112,661
FPSO demobilization and other costs 0 7,484 8,867
Exploration expense 48 1,965 258
Depreciation, depletion and amortization 143,034 115,302 48,143
General and administrative expense 29,684 23,840 10,077
Credit (recovery) losses and other 6,304 (4,906) 3,082
Total operating costs and expenses 342,570 296,842 183,088
Other operating expense, net 78 433 38
Operating income 136,496 158,657 171,276
Other income (expense):      
Derivative instruments gain (loss), net (745) 232 (37,812)
Interest expense, net (3,732) (6,452) (2,034)
Bargain purchase gain 13,532 (1,412) 10,819
Other income (expense), net (5,754) (894) (18,939)
Total other income (expense), net 3,301 (8,526) (47,966)
Income before income taxes 139,797 150,131 123,310
Income tax expense 81,307 89,777 71,420
Net income 58,490 60,354 51,890
Other comprehensive income (loss)      
Currency translation adjustments (7,842) 1,701 1,179
Comprehensive income $ 50,648 $ 62,055 $ 53,069
Basic net income per share:      
Net income per share (in dollars per share) $ 0.56 $ 0.56 $ 0.74
Basic weighted average shares outstanding (in shares) 103,669 106,376 69,568
Diluted net income per share:      
Net income per share (in dollars per share) $ 0.56 $ 0.56 $ 0.73
Diluted weighted average shares outstanding (in shares) 103,747 106,555 69,982

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