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
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash Flow from Operating Activities    
Net Income $ 29,942 $ 18,139
Adjustments to reconcile Net Income to Net Cash provided by Operating Activities:    
Deferred Income Tax Expense 3,770 2,837
Depreciation, Amortization and Accretion 39,128 37,692
Stock-Based Compensation 8,214 5,585
Abandoned Well Costs 310  
Loss on Disposal of Assets, Net 114 57
Abandoned Projects 745 128
Amortization of Debt Issuance Costs, Net 1,436 1,041
Other 735 376
Changes in Operating Assets and Liabilities:    
Accounts Receivable (5,524) 15,097
Accounts Receivable from Affiliate (6,169) 18,308
Other Receivables (665) (4,005)
Prepaids and Deposits 2,975 1,583
Accounts Payable 1,818 (1,001)
Payables to Affiliate (215) (578)
Accrued Liabilities and Other (18,467) 1,208
Net Cash Provided by Operating Activities 58,147 96,467
Cash Flow from Investing Activities    
Property, Plant and Equipment Expenditures (56,879) (77,981)
Deposit on Assets Held for Sale   1,750
Proceeds from the Sale of Property, Plant and Equipment 94  
Net Cash Used in Investing Activities (56,785) (76,231)
Cash Flow from Financing Activities    
Dividends and Distributions Paid (11,817) (10,743)
Repurchase of Shares (1,326) (599)
Repayment of Credit Facility (15,000) (36,000)
Proceeds from Credit Facility 37,000 30,000
Payment of Insurance Premium Financing (3,756)  
Net Cash Provided by (Used in) Financing Activities 5,101 (17,342)
Net Increase in Cash 6,463 2,894
Cash, Beginning of Period 5,063 1,122
Cash, End of Period 11,526 4,016
Supplementary Cash Flow Data    
Cash Paid for Interest 16,805 17,413
Cash Paid for Income Taxes $ 561 $ 80