Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Income (Loss)

v3.24.0.1
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Crude oil, natural gas and natural gas liquids sales $ 455,066 $ 354,326 $ 199,075
Operating costs and expenses:      
Production expense 153,157 112,661 81,255
FPSO demobilization and other costs 7,484 8,867 0
Exploration expense 1,965 258 1,579
Depreciation, depletion and amortization 115,302 48,143 21,060
General and administrative expense 23,840 10,077 14,766
Credit (recovery) losses and other (4,906) 3,082 875
Total operating costs and expenses 296,842 183,088 119,535
Other operating income (expense), net 433 38 (440)
Operating income 158,657 171,276 79,100
Other income (expense):      
Derivative instruments gain (loss), net 232 (37,812) (22,826)
Interest income (expense), net (6,452) (2,034) 10
Other income (expense), net (2,291) (8,048) 3,494
Total other expense, net (8,511) (47,894) (19,322)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 150,146 123,382 59,778
Income tax expense (benefit) 89,777 71,420 (22,156)
Income from continuing operations 60,369 51,962 81,934
Loss from discontinued operations, net of tax (15) (72) (98)
Net income 60,354 51,890 81,836
Other comprehensive income (loss)      
Currency translation adjustments 1,701 1,179 0
Comprehensive income $ 62,055 $ 53,069 $ 81,836
Basic net income per share:      
Income from continuing operations (in dollars per share) $ 0.56 $ 0.74 $ 1.38
Loss from discontinued operations, net of tax (in dollars per share) 0 0 0
Net income per share (in dollars per share) $ 0.56 $ 0.74 $ 1.38
Basic weighted average shares outstanding (in shares) 106,376 69,568 58,230
Diluted net income per share:      
Income from continuing operations (in dollars per share) $ 0.56 $ 0.73 $ 1.37
Loss from discontinued operations, net of tax (in dollars per share) 0 0 0
Net income per share (in dollars per share) $ 0.56 $ 0.73 $ 1.37
Diluted weighted average shares outstanding (in shares) 106,555 69,982 58,755