Income Statement

v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues        
Total revenues $ 124,699 $ 45,482 $ 213,254 $ 136,861
Operating expenses        
Lease operating 9,728 9,094 18,553 19,626
Gathering, processing and transportation 5,173 5,593 9,847 11,037
Production and ad valorem taxes 6,721 2,630 12,234 8,784
General and administrative 6,985 7,986 20,162 15,216
Depreciation, depletion and amortization 28,795 37,135 52,679 77,853
Impairments of oil and gas properties 0 35,509 1,811 35,509
Total operating expenses 57,402 97,947 115,286 168,025
Operating income (loss) 67,297 (52,465) 97,968 (31,164)
Other income (expense)        
Interest expense (5,303) (8,536) (10,700) (16,716)
Gain (Loss) on Extinguishment of Debt 0 0 (1,231) 0
Derivatives (54,227) (34,349) (98,595) 116,770
Other, net 0 (55) (6) (63)
Income (Loss), Including Portion Attributable to Noncontrolling Interest, before Tax 7,767 (95,405) (12,564) 68,827
Net income (loss) 7,596 (94,715) (12,425) 68,379
Net (income) loss attributable to Noncontrolling interest (4,551) 0 1,898 0
Net income (loss) attributable to common shareholders $ 3,045 $ (94,715) $ (10,527) $ 68,379
Net income (loss) per share:        
Basic (in dollars per share) $ 0.20 $ (6.24) $ (0.69) $ 4.51
Diluted (in dollars per share) $ 0.20 $ (6.24) $ (0.69) $ 4.48
Weighted average shares outstanding – basic (in shares) 15,311 15,167 15,287 15,159
Weighted average shares outstanding – diluted (in shares) 38,372 15,167 15,287 15,268
Current Federal, State and Local, Tax Expense (Benefit) $ (171) $ 690 $ 139 $ (448)
Oil and Gas, Exploration and Production [Member]        
Revenues        
Revenues and other 116,314 41,197 198,227 127,505
Oil and Condensate [Member]        
Revenues        
Revenues and other 4,388 1,578 7,950 3,471
Natural Gas, Production [Member]        
Revenues        
Revenues and other 3,087 2,020 5,920 4,710
Product and Service, Other [Member]        
Revenues        
Revenues and other $ 910 $ 687 $ 1,157 $ 1,175

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