Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash Flow from Operating Activities      
Net Income $ 60,178 $ 43,412 $ 4,797
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities      
Deferred Income Tax Expense 8,689 7,299 466
Depreciation, Amortization and Accretion 79,159 76,632 67,524
Stock-Based Compensation 18,189 11,569 12,034
Impairment of Long-Lived Assets     15,597
Abandoned Well Costs 518 1,303 15,771
Loss (Gain) on Disposal of Assets, Net 102 (2,606) 478
Abandoned Projects 1,537 216 72
Amortization of Debt Issuance Costs, Net 2,949 2,280 2,143
Change in Payables Related to Tax Receivable Agreement Liability 229 413  
Other 1,060 93 623
Changes in Operating Assets and Liabilities      
Accounts Receivable (4,202) 20,716 (38,811)
Accounts Receivable from Affiliate 10,947 23,104 (25,838)
Other Receivables (859) (9,648) (838)
Prepaids and Deposits (2,865) (2,559) 238
Accounts Payable (6,506) 3,937 1,903
Payables to Affiliates 47 (2,127) 1,522
Accrued Liabilities and Other 9,704 9,839 12,532
Net Cash Provided by Operating Activities 178,876 183,873 70,213
Cash Flow from Investing Activities      
Property, Plant and Equipment Expenditures (99,985) (169,736) (146,525)
Cash Paid for Asset Acquisitions (46,104)   (5,100)
Proceeds from the Sale of Property, Plant and Equipment 519 20,154 14,700
Net Cash Used in Investing Activities (145,570) (149,582) (136,925)
Cash Flow from Financing Activities      
Dividends and Distributions Paid (24,559) (21,429) (24,465)
Repurchase of Shares (3,584) (1,363) (2,756)
Repayment of Credit Facility (86,000) (118,000)  
Proceeds from Credit Facility 104,000 109,000 35,000
Payment of Debt Issuance Costs Related to Credit Facility   (3,942)  
Proceeds from Insurance Premium Financing 8,779 6,636  
Payment of Insurance Premium Financing (7,779) (1,252)  
Payment of Finance Leases (553)    
Net Cash (Used in) Provided by Financing Activities (9,696) (30,350) 7,779
Net Increase (Decrease) in Cash 23,610 3,941 (58,933)
Cash, Beginning of Year 5,063 1,122 60,055
Cash, End of Year 28,673 5,063 1,122
Supplementary Cash Flow Data      
Cash Paid for Interest, Net of Amount Capitalized 33,141 29,598 25,933
Cash Paid for Income Taxes $ 618 $ 97 $ 6