Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows

v3.25.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flow from Operating Activities    
Net Income $ 30,084 $ 29,942
Adjustments to reconcile Net Income to Net Cash Provided by Operating Activities:    
Deferred Income Tax Expense 4,397 3,770
Depreciation, Amortization and Accretion 39,728 39,128
Stock-Based Compensation 11,937 8,214
Abandoned Well Costs 1,460 310
Loss on Disposal of Assets, Net 219 114
Abandoned Projects 237 745
Amortization of Debt Issuance Costs, Net 1,306 1,436
Loss on Debt Extinguishment 2,535  
Other 177 735
Changes in Operating Assets and Liabilities:    
Accounts Receivable (3,862) (5,524)
Accounts Receivable from Affiliate (12,402) (6,169)
Other Receivables 1,482 (665)
Other Current Assets 2,355 2,975
Accounts Payable 2,686 1,818
Payables to Affiliate (1,024) (215)
Accrued Liabilities and Other (15,158) (18,467)
Net Cash Provided by Operating Activities 66,157 58,147
Cash Flow from Investing Activities    
Property, Plant and Equipment Expenditures (40,814) (56,879)
Cash Paid for Acquisitions (15,231)  
Proceeds from the Sale of Property, Plant and Equipment 4,629 94
Net Cash Used in Investing Activities (51,416) (56,785)
Cash Flow from Financing Activities    
Dividends and Distributions Paid (17,108) (11,817)
Repurchase of Shares for the Payment of Withholding Taxes (10,049) (1,326)
Repayment of Credit Facility (89,000) (15,000)
Proceeds from Credit Facility 45,000 37,000
Proceeds from 2030 Notes 500,000  
Satisfaction and Discharge of 2026 Notes (400,000)  
Payment of Debt Issuance Costs Related to 2030 Notes (9,914)  
Payment of Insurance Premium Financing (4,615) (3,756)
Payment of Finance Leases (369)  
Net Cash Provided by Financing Activities 13,945 5,101
Net Increase in Cash 28,686 6,463
Cash, Beginning of Period 28,673 5,063
Cash, End of Period 57,359 11,526
Supplementary Cash Flow Data    
Cash Paid for Interest 16,154 16,805
Cash Paid for Income Taxes $ 1,755 $ 561