Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited)

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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Crude oil, natural gas and natural gas liquids sales $ 100,155 $ 80,403
Operating costs and expenses:    
Production expense 32,089 28,200
Exploration expense 48 8
Depreciation, depletion and amortization 25,824 24,417
Transaction costs related to acquisition 1,313 0
General and administrative expense 6,710 5,224
Credit losses and other 1,812 935
Total operating costs and expenses 67,796 58,784
Other operating income (expense), net (166) 0
Operating income 32,193 21,619
Other income (expense):    
Derivative instruments gain (loss), net (847) 21
Interest expense, net (935) (2,246)
Other income (expense), net (487) (1,153)
Total other expense, net (2,269) (3,378)
Income before income taxes 29,924 18,241
Income tax expense 22,238 14,771
Net income 7,686 3,470
Currency translation adjustments (2,454) (125)
Comprehensive income $ 5,232 $ 3,345
Basic net income per share:    
Net income per share (in dollars per share) $ 0.07 $ 0.03
Basic weighted average shares outstanding (in shares) 103,659 107,387
Diluted net income per share:    
Net income per share (in dollars per share) $ 0.07 $ 0.03
Diluted weighted average shares outstanding (in shares) 104,541 108,752