Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash Flow from Operating Activities    
Net Income $ 46,373 $ 30,381
Adjustments to reconcile Net Income to Net Cash provided by Operating Activities:    
Deferred Income Tax Expense 5,730 4,773
Depreciation, Amortization and Accretion 59,102 57,137
Stock-Based Compensation 13,489 8,945
Abandoned Well Costs 318 1,214
Loss (Gain) on Disposal of Assets, Net 84 (2,574)
Abandoned Projects 823 128
Amortization of Debt Issuance Costs, Net 2,193 1,580
Other 422 (473)
Changes in Operating Assets and Liabilities:    
Accounts Receivable (11,039) 22,594
Accounts Receivable from Affiliate (8,229) 22,771
Other Receivables (3,168) (13,359)
Prepaids and Deposits 4,056 3,564
Accounts Payable (8,418) (155)
Payables to Affiliate 44 (1,844)
Accrued Liabilities and Other 9,445 17,843
Net Cash Provided by Operating Activities 111,225 152,525
Cash Flow from Investing Activities    
Property, Plant and Equipment Expenditures (87,201) (131,874)
Proceeds from the Sale of Property, Plant and Equipment 160 20,119
Net Cash Used in Investing Activities (87,041) (111,755)
Cash Flow from Financing Activities    
Dividends and Distributions Paid (18,192) (16,083)
Repurchase of Shares (1,418) (625)
Repayment of Credit Facility (40,000) (51,000)
Proceeds from Credit Facility 69,000 50,000
Payment of Insurance Premium Financing (5,634)  
Payment of Finance Leases (243)  
Net Cash Provided by (Used in) Financing Activities 3,513 (17,708)
Net Increase in Cash 27,697 23,062
Cash, Beginning of Period 5,063 1,122
Cash, End of Period 32,760 24,184
Supplementary Cash Flow Data    
Cash Paid for Interest 17,561 18,230
Cash Paid for Income Taxes $ 618 $ 80