0001628280-26-031073
SEC filingExceptional quarter driven by surging natural gas prices and production growth, with net income swinging from a loss to $165.8M and operating cash flow nearly doubling.
Revenue for the first quarter of 2026 was $437.5 million, a 122.1% increase compared to $197.0 million in the same period last year. This growth was primarily driven by higher natural gas prices and increased production, reflecting the company's successful development program and favorable market conditions.
The increase in natural gas production was primarily due to the timing of the 2025 and 2026 development programs. The company's strategy is to develop assets in a safe, environmentally responsible manner while generating sustainable cash flow, improving margins and operating efficiencies, and returning capital to shareholders. The company has been recognized as a capital efficiency and cost leader in its basins of operations, exhibiting disciplined capital allocation to match market conditions.