0001928446-26-000007 | 10-K | XBRL Viewer | Granite Ridge Resources INC

Print Document

Risk Concentrations - Narrative (Details)	12 Months Ended
Risk Concentrations - Narrative (Details)	Dec. 31, 2025
Risks and Uncertainties [Abstract]
Percentage of wells operated by third-party operating partners (in percent)	100.00%

Summary of Significant Accounting Policies - Derivative Instruments- Common Stock Warrants (Details) - shares	Jun. 22, 2023	Dec. 31, 2025	Jul. 31, 2023	Oct. 24, 2022
Warrant Exchange Offer
Basin acquisition that met the definition of a business combination
Warrants tendered (in shares)	2,471,738
Number of warrants tendered (in shares)	9,887,035
Shares of common stock underlying each warrant (in shares)	0.25		0.225
Warrants outstanding (in shares)			0
Amended Warrant Agreement Offer
Basin acquisition that met the definition of a business combination
Warrants tendered (in shares)	2,471,738
Number of warrants tendered (in shares)	9,887,035
Shares of common stock underlying each warrant (in shares)	0.25		0.225	0.225
Warrants outstanding (in shares)		0	0

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-4

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-8

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479303/805-10-55-47

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-5

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479581/805-30-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(1)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(1)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479581/805-30-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479581/805-30-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-2

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479581/805-30-50-2

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479581/805-30-50-1

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479581/805-30-50-1

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-1

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-3

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4A
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-4A

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-4

Reference 22: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-1

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-1

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-1

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4A
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-4A

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-1

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-1

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-4A

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479581/805-30-50-4

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479581/805-30-50-1

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479581/805-30-50-1

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479581/805-30-50-1

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-1

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-1

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-1

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-1

Reference 37: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-2

Reference 38: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (g)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-2

Reference 39: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (g)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-2

Reference 40: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (g)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-2

Reference 41: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (g)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-2

Reference 42: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-2

+ Details

Organization and Nature of Operations	12 Months Ended
Organization and Nature of Operations	Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Nature of Operations	Organization and Nature of Operations Granite Ridge Resources, Inc. (together with its consolidated subsidiaries, “Granite Ridge” or the “Company”), a Delaware corporation, is a scaled energy company which aims to provide shareholders with exposure similar to energy private equity through operated partnerships and traditional non-operated assets in multiple basins throughout North America. The Company was initially formed in May 2022 for the purpose of the Business Combination (as defined below), and following the Business Combination, for the purpose of purchasing oil and natural gas assets in multiple basins in North America and realizing profits through participation in oil and natural gas wells. On October 24, 2022, the Business Combination closed and was accounted for as a reverse recapitalization and Grey Rock Energy Fund III (as defined below) was determined to be the accounting acquirer and Predecessor (as defined below). Business Combination On October 24, 2022 (the “Closing Date”), Granite Ridge and Executive Network Partnering Corporation, a Delaware corporation (“ENPC”), consummated the Business Combination pursuant to the terms of the Business Combination Agreement, dated as of May 16, 2022 (the “Business Combination Agreement”), by and among ENPC, Granite Ridge, ENPC Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of Granite Ridge (“ENPC Merger Sub”), GREP Merger Sub, LLC, a Delaware limited liability company and a wholly-owned subsidiary of Granite Ridge (“GREP Merger Sub”), and Granite Ridge Holdings, LLC, a Delaware limited liability company formerly known as GREP Holdings, LLC (“GREP”). Pursuant to the Business Combination Agreement, on the Closing Date, (i) ENPC Merger Sub merged with and into ENPC (the “ENPC Merger”), with ENPC surviving the ENPC Merger as a wholly-owned subsidiary of Granite Ridge and (ii) GREP Merger Sub merged with and into GREP (the “GREP Merger,” and together with the ENPC Merger, the “Mergers”), with GREP surviving the GREP Merger as a wholly-owned subsidiary of Granite Ridge (the transactions contemplated by the foregoing clauses (i) and (ii) the “Business Combination,” and together with the other transactions contemplated by the Business Combination Agreement, the “Transactions”). Immediately prior to the closing of the Transactions, the net assets of Grey Rock Energy Fund, L.P., a Delaware limited partnership (“Fund I”), Grey Rock Energy Fund II, L.P., a Delaware limited partnership (“Fund II-A”), Grey Rock Energy Fund II-B, L.P., a Delaware limited partnership (“Fund II-B”) and Grey Rock Energy Fund II-B Holdings, L.P., a Delaware limited partnership (“Fund II-B Holdings”, and together with Fund II-A and Fund II-B, collectively, “Fund II”), and Grey Rock Energy Fund III-A, L.P., a Delaware limited partnership (“Fund III-A”), Grey Rock Energy Partners Fund III-B, L.P., a Delaware limited partnership (“Fund III-B”), and Grey Rock Energy Fund III-B Holdings, L.P., a Delaware limited partnership (“Fund III-B Holdings” and together with Fund III-A and Fund III-B, collectively, “Fund III” or “Predecessor”) were transferred (through various intermediary entities) to GREP (the “GREP Formation Transaction”). Fund I, Fund II and Fund III are collectively referred to herein as the “Funds”. At the special meeting of ENPC stockholders held in connection with the Business Combination, of the 41,400,000 shares of ENPC Class A common stock, public stockholders of 39,343,496 shares of ENPC Class A common stock exercised their rights to have those shares redeemed for cash at a redemption price of approximately $10.07 per share, or an aggregate of approximately $396.1 million. The holders of membership interests in GREP (the “Existing GREP Members”) and their direct and indirect members were issued 130.0 million shares of Granite Ridge common stock at the closing. Upon consummation of the Business Combination, each public stockholder’s ENPC common stock and ENPC warrants were automatically converted into an equivalent number of shares of Granite Ridge common stock and Granite Ridge warrants as a result of the Transactions. At the effective time of the Mergers, (i) 495,357 shares of ENPC Class F common stock were converted to 1,238,393 shares of ENPC Class A common stock (of which an aggregate of 220,348 shares were subsequently forfeited pursuant to the terms of the Sponsor Agreement, dated as of May 16, 2022, by and among ENPC, Granite Ridge, and certain other parties thereto (the "Sponsor Agreement")) and the remaining shares of ENPC Class F common stock outstanding were automatically cancelled for no consideration (the “ENPC Class F Conversion”) (ii) all other remaining shares of ENPC Class A common stock automatically cancelled without any conversion, payment or distribution (the “Sponsor Share Cancellation”) and (iii) all shares of ENPC Class B common stock outstanding were deemed transferred to ENPC and surrendered and forfeited for no consideration (the “ENPC Class B Contribution”). In January 2023, 220,348 of the 371,518 shares subject to vesting and forfeiture provisions under the terms of the Sponsor Agreement were forfeited. Following the ENPC Class F Conversion, the Sponsor Share Cancellation, the ENPC Class B Contribution and the separation of the securities offered in ENPC’s initial public offering, which consisted of one share of Class A common stock and one-quarter of one ENPC warrant (“CAPSTM Separation”), each share of ENPC Class A common stock outstanding was automatically converted into one share of Granite Ridge common stock. Total aggregate investment by ENPC was $6.8 million, which amount represents total risk capital contributed by ENPC, including working capital loans that were forgiven. Fund III, Fund I and Fund II were identified as entities under common control, in which all entities are ultimately controlled by the same party before and after the GREP Formation Transaction and therefore resulted in a change in reporting entity. In accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 805-50-45-5, for transactions between entities under common control, the consolidated financial statements for periods prior to the GREP Formation Transaction were adjusted to retrospectively combine the previously separate entities for presentation purposes. Warrant Exchange On October 24, 2022, in connection with the Business Combination, the Company issued 10,349,975 common stock warrants. On June 22, 2023, the Company completed an offer to holders of its outstanding warrants which provided such holders the opportunity to receive 0.25 shares of the Company’s common stock in exchange for each warrant tendered by such holders (the “Offer”). This Offer coincided with a solicitation of consents from holders of the warrants to amend the warrant agreement governing such warrants to permit the Company to require that each warrant that remained outstanding upon the closing of the Offer be exchanged for 0.225 shares of the Company’s common stock (together with the Offer, the “Warrant Exchange”). On June 22, 2023, the Company issued 2,471,738 shares of common stock in exchange for 9,887,035 warrants tendered in the Offer, with a minimal cash settlement in lieu of partial shares. In July 2023, each remaining outstanding warrant was converted into 0.225 shares of the Company’s common stock, and subsequently, no warrants remained outstanding. See Note 9 for further discussion of the Warrant Exchange.

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Operating activities:
Net income	$ 24,353	$ 18,759	$ 81,099
Adjustments to reconcile net income to net cash provided by operating activities:
Depletion and accretion expense	215,701	176,529	160,662
Impairments of long-lived assets	44,654	36,369	26,496
Unrealized (gain) loss on derivatives - commodity derivatives	(22,662)	17,271	(2,649)
Stock-based compensation	3,756	2,298	2,162
Amortization of deferred financing costs and original issue discount	2,208	3,540	1,260
Loss on derivatives - common stock warrants	0	0	5,742
(Gain) loss on equity investments	15,833	15,183	(508)
Deferred income taxes	7,383	5,958	24,274
Other	(359)	(1,034)	(313)
Increase (decrease) in cash attributable to changes in operating assets and liabilities:
Revenue receivable	(4,449)	3,288	(846)
Accounts payable and accrued liabilities	9,561	(1,153)	4,550
Prepaid and other current assets	693	(1,228)	588
Other liabilities	(258)	(47)	350
Net cash provided by operating activities	296,414	275,733	302,867
Investing activities:
Capital expenditures for oil and natural gas properties	(300,768)	(285,796)	(282,390)
Acquisition of oil and natural gas properties	(118,491)	(61,197)	(76,810)
Deposit on acquisition	0	(887)	0
Refund of advances to operators	4,285	19,655	2,464
Proceeds from the disposal of oil and natural gas properties	175	13,995	60
Proceeds from the sale of equity investments	4,991	3,462	0
Net cash used in investing activities	(409,808)	(310,768)	(356,676)
Financing activities:
Proceeds from borrowing on credit facilities	190,000	110,000	162,500
Repayments of borrowing on credit facilities	(345,000)	(15,000)	(52,500)
Proceeds from senior notes, net of discount	336,000	0	0
Deferred financing costs	(4,477)	(3,340)	(2,616)
Payment of expenses related to formation of Granite Ridge Resources, Inc.	0	0	(43)
Purchase of treasury shares	(16)	(442)	(35,353)
Payment of dividends	(57,686)	(57,494)	(58,587)
Proceeds from issuance of common stock	0	0	5
Net cash provided by financing activities	118,821	33,724	13,406
Net change in cash and restricted cash	5,427	(1,311)	(40,403)
Cash and restricted cash at beginning of year	9,419	10,730	51,133
Cash and restricted cash at end of year	14,846	9,419	10,730
Supplemental disclosure of cash flow information:
Cash paid during the year for interest, net of capitalized interest	(24,748)	(14,472)	(4,825)
Cash paid during the year for income taxes, net of refunds	(549)	(197)	(742)
Supplemental disclosure of non-cash investing activities:
Oil and natural gas properties divested in exchange for equity securities	0	0	49,920
Change in accrued capital expenditures included in accounts payable and accrued liabilities	(10,900)	36,736	(12,325)
Advances to operators applied to development of oil and natural gas properties	150,692	121,922	98,224
Cash and restricted cash:
Cash	14,846	9,419	10,430
Restricted cash included in other long-term assets	0	0	300
Cash and restricted cash	$ 14,846	$ 9,419	$ 10,730

Earnings Per Share - Narrative (Details) - Performance Stock Units	12 Months Ended
	Dec. 31, 2025 shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Awards granted (in shares)	720,980
Grantee Status, Officers
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Awards granted (in shares)	644,330

Income Taxes - Schedule of Components of Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Current
Federal	$ 0	$ 0	$ 0
State	378	249	209
Current income taxes	378	249	209
Deferred
Federal	6,902	6,449	22,314
State	481	(491)	1,960
Deferred income taxes	7,383	5,958	24,274
Income tax expense	$ 7,761	$ 6,207	$ 24,483

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-4

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-21

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-14

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.7)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-10

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Subparagraph (a)
-SubTopic 20
-Topic 740
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482659/740-20-45-2

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h))
-SubTopic 10
-Topic 235
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

+ Details

Equity (Details) - USD ($) $ / shares in Units, $ in Thousands		1 Months Ended		12 Months Ended			13 Months Ended
	Jun. 22, 2023	Jul. 31, 2023	Jun. 30, 2023	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2023	Dec. 31, 2022	Oct. 24, 2022
Class of Stock [Line Items]
Dividends paid				$ 57,686	$ 57,494	$ 58,587
Common stock, dividends, per share, cash paid (in dollars per share)				$ 0.44	$ 0.44	$ 0.44
Treasury stock, value, acquired, cost method				$ 16	$ 40	$ 36,096
Common Stock Repurchase Program
Class of Stock [Line Items]
Stock repurchase program, authorized amount								$ 50,000
Purchase of treasury stock (in shares)						5,651,707	5,677,627
Treasury stock, value, acquired, cost method						$ 36,100	$ 36,300
Amended Warrant Agreement Offer
Class of Stock [Line Items]
Shares of common stock underlying each warrant (in shares)	0.25	0.225							0.225
Common stock issued in warrant exchange (in shares)	2,471,738
Number of warrants tendered (in shares)	9,887,035
Warrants outstanding (in shares)		0		0
Fair value settlements		$ 700	$ 17,000
Warrant exchange costs				$ 2,500

Subsequent Events - Narrative (Details) - $ / shares		1 Months Ended	2 Months Ended	12 Months Ended
Subsequent Events - Narrative (Details) - $ / shares	Feb. 13, 2026	Feb. 28, 2026	Feb. 28, 2026	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Subsequent events
Common stock dividend declared (in dollars per share)				$ 0.44	$ 0.44	$ 0.44
Restricted Stock Awards
Subsequent events
Awards granted (in shares)				625,527
Performance Stock Units
Subsequent events
Awards granted (in shares)				720,980
Subsequent Event
Subsequent events
Common stock dividend declared (in dollars per share)	$ 0.11
Subsequent Event \| Restricted Stock Awards
Subsequent events
Awards granted (in shares)			209,648
Subsequent Event \| Performance Stock Units
Subsequent events
Awards granted (in shares)		292,398

Stock Incentive Plan - Schedule of Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 3,756	$ 2,298	$ 2,162
Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	1,928	1,872	1,081
Performance Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	1,664	210	47
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	89	216	234
Other Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 75	$ 0	$ 800

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(v)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iv)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (l)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 1D
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480483/718-10-35-1D

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480483/718-10-35-3

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(01)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(02)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(03)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(01)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(02)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(03)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Summary of Significant Accounting Policies - Equity Investments (Details) - Vital Energy, Inc			1 Months Ended
	Dec. 15, 2025 shares	Jun. 04, 2024	Dec. 31, 2023 shares
Class of Stock [Line Items]
Conversion of stock, converted (in shares)	685,271
Convertible Preferred Stock
Class of Stock [Line Items]
Preferred stock, dividend rate (in percent)		2.00%
Common Class A
Class of Stock [Line Items]
Conversion ratio	1.9062
Common stock, shares converted (in shares)	1,306,263
2023 Divestitures \| Common Stock Issued
Class of Stock [Line Items]
Noncash or part noncash divestiture, consideration received (in shares)			561,752
2023 Divestitures \| Convertible Preferred Stock
Class of Stock [Line Items]
Shares issued upon conversion (in shares)			541,155
Preferred stock, dividend rate (in percent)			2.00%

Asset Retirement Obligations

12 Months Ended

Dec. 31, 2025

Asset Retirement Obligation Disclosure [Abstract]

Asset Retirement Obligations

The Company recognizes the fair value of its asset retirement obligations related to the future costs of plugging, abandonment, and remediation of oil and natural gas producing properties at the times the obligations are incurred. Upon initial recognition of a liability, that cost is capitalized as part of the related oil and natural gas properties and allocated to expense over the useful life of the asset. The Company's asset retirement obligations primarily represent the present value of the estimated amounts that will be incurred to plug, abandon and remediate proved producing properties at the end of their productive lives, in accordance with applicable state laws.

The following table presents the changes in the asset retirement obligations during the years ended December 31, 2025, 2024 and 2023:


	Year Ended December 31,
(in thousands)	2025		2024		2023
Asset retirement obligations, beginning of year	$	10,921	$	9,874	$	4,963
Liabilities incurred during the period	1,092		760		2,370
Revision of estimates(1)	—		—		2,596
Accretion expense	920		791		441
Disposals or settlements	(213)		(504)		(496)
Asset retirement obligations, end of year	$	12,720	$	10,921	$	9,874
Less current portion of asset retirement obligations	752		228		483
Asset retirement obligations, long-term	$	11,968	$	10,693	$	9,391

__________________________________________

(1)Revisions in estimated liabilities during 2023 relate primarily to changes in estimated well lives

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Dec. 31, 2025
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Volume of Derivative Settlement Activity

The following table sets forth the Company’s outstanding commodity derivative contracts as of December 31, 2025.


	2026										2027
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Total		Total
Collars (oil)
Volume (Bbl)	733,085		635,310		569,332		499,485		2,437,212		961,153
Weighted-average floor price ($/Bbl)	$	58.73	$	58.93	$	59.05	$	59.36	$	58.99	$	52.50
Weighted-average ceiling price ($/Bbl)	$	70.11	$	69.51	$	70.06	$	69.32	$	69.78	$	74.24
Swaps (oil)
Volume (Bbl)	134,684		95,082		73,484		53,974		357,224		452,936
Weighted-average price ($/Bbl)	$	60.41	$	60.33	$	60.27	$	60.24	$	60.33	$	60.21
Collars (natural gas)
Volume (Mcf)	5,975,838		1,851,019		1,727,756		3,230,997		12,785,610		3,641,341
Weighted-average floor price ($/Mcf)	$	3.60	$	3.25	$	3.25	$	3.59	$	3.50	$	3.99
Weighted-average ceiling price ($/Mcf)	$	4.52	$	4.00	$	4.00	$	4.38	$	4.34	$	5.13
Swaps (natural gas)
Volume (Mcf)	—		3,371,156		2,962,512		918,480		7,252,148		7,093,928
Weighted-average price ($/Mcf)	$	—	$	3.73	$	3.73	$	3.73	$	3.73	$	3.64

Schedule of Commodity Derivative Instruments

The following table summarizes the amounts reported as gain (loss) on derivatives - commodity derivatives in the consolidated statements of operations for the years ended December 31, 2025, 2024 and 2023:


	Year Ended December 31,
(in thousands)	2025		2024		2023
Net cash receipts from commodity derivatives
Oil derivatives	$	1,624	$	1,503	$	4,576
Natural gas derivatives	2,835		14,860		18,319
Total net cash receipts from commodity derivatives	$	4,459	$	16,363	$	22,895
Unrealized gain (loss) on commodity derivatives
Oil derivatives	$	15,084	$	(5,508)	$	1,883
Natural gas derivatives	6,726		(11,763)		766
Power capacity contract	852		—		—
Total unrealized gain (loss) on commodity derivatives	$	22,662	$	(17,271)	$	2,649
Total gain (loss) on derivatives - commodity derivatives	$	27,121	$	(908)	$	25,544

Summary of Significant Accounting Policies - Cash and Restricted Cash (Details) - USD ($)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Accounting Policies [Abstract]
Cash investment term	90 days
Cash classified as restricted	$ 0	$ 0

Debt (Tables)

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

The Company’s long-term debt is comprised of the following:


	Year Ended December 31,
(in thousands)	2025		2024
Credit Facility	$	50,000	$	205,000
Senior Notes due 2029	350,000		—
Total debt	400,000		205,000
Less: Current portion of outstanding long-term debt(1)	17,500		—
Total long-term debt	$	382,500	$	205,000

Less: Unamortized debt issuance costs on Senior Notes	$	(1,214)	$	—
Less: Unamortized debt discount	(13,454)		—
Total long-term debt, net	$	367,832	$	205,000

_______________________________________

(1)As of December 31, 2025, the current portion of long-term debt reflects $17.5 million due on the Senior Notes over the next twelve months.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
-SubTopic 10
-Topic 210
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-2

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-4

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-3

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477734/942-470-50-3

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-8

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-6

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-7

+ Details

Subsequent Events (Tables)

12 Months Ended

Dec. 31, 2025

Subsequent Events [Abstract]

Schedule of Derivative Activity by Volume

Subsequent to December 31, 2025, the Company entered into the following oil and natural gas derivative contracts to hedge additional amounts of estimated future production.


	2026										2027		2028
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Total		Total		Total
Collars (oil)
Volume (Bbl)	—		414,120		340,280		295,553		1,049,953		—		—
Weighted-average floor price ($/Bbl)	$	—	$	65.00	$	63.00	$	61.00	$	63.23	$	—	$	—
Weighted-average ceiling price ($/Bbl)	$	—	$	72.40	$	69.72	$	67.20	$	70.07	$	—	$	—
Collars (natural gas)
Volume (Mcf)	828,665		—		—		637,323		1,465,988		2,457,747		2,211,640
Weighted-average floor price ($/Mcf)	$	3.75	$	—	$	—	$	4.00	$	3.86	$	3.74	$	3.60
Weighted-average ceiling price ($/Mcf)	$	4.80	$	—	$	—	$	4.75	$	4.78	$	4.74	$	4.73
Swaps (natural gas)
Volume (Mcf)	—		1,175,693		998,851		303,738		2,478,282		2,229,886		—
Weighted-average price ($/Mcf)	$	—	$	3.73	$	3.73	$	3.73	$	3.73	$	3.48	$	—
Swaps (Platts IFERC Waha)
Volume (Mcf)	—		—		—		—		—		2,540,087		—
Weighted-average price ($/Mcf)	$	—	$	—	$	—	$	—	$	—	$	(1.08)	$	—

Stock Incentive Plan (Tables)

12 Months Ended

Dec. 31, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Stock-Based Compensation Expense and Assumptions To Estimate Fair Value of PSUs

The stock-based compensation expense is presented below for the indicated periods:


	Year Ended December 31,
(in thousands)	2025		2024		2023
Stock-based compensation expense
Restricted Stock Awards	$	1,928	$	1,872	$	1,081
Performance Stock Units	1,664		210		47
Stock Options	89		216		234
Other Awards	75		—		800
Total stock-based compensation expense	$	3,756	$	2,298	$	2,162

The following table presents a summary of the assumptions utilized to estimate the fair value of the PSUs based on market performance granted during the periods presented.


	Year Ended December 31,
	2025	2024	2023
Risk-free interest rate	4%	4%	4%
Volatility	48%	40%	59%
Expected term	2.82 years	2.82 years	2.78 years

The following table reflects the future stock-based compensation expense to be recorded for all the stock-based compensation awards that were outstanding at December 31, 2025:


(in thousands)	Restricted Stock Awards		Performance Stock Units		Stock Options
2026	$	982	$	1,604	$	15
2027	495		364		2
2028	286		—		—
2029	256		—		—
2030	114		—		—
Total	$	2,133	$	1,968	$	17

Schedule of Restricted Stock Award Activity

The following table presents the Company's restricted stock award activity during the year ended December 31, 2025.


	Restricted Stock Awards	Weighted Average Grant Date Fair Value Per Share
Unvested at December 31, 2024	518,048	$	5.77
Awards granted	625,527	$	5.86
Awards canceled/forfeited	(114,708)	$	5.71
Awards vested	(253,220)	$	5.78
Unvested at December 31, 2025	775,647	$	5.85

Schedule of PSU Activity

The following table presents the Company's PSU activity for the year ended December 31, 2025.


	Performance Stock Units	Weighted Average Grant Date Fair Value Per Share
Outstanding at December 31, 2024	97,532	$	7.10
Awards granted	720,980	$	5.38
Awards canceled/forfeited	(99,105)	$	6.98
Outstanding at December 31, 2025	719,407	$	6.02

Schedule of Company's Stock Option Activity

The following table presents the Company's stock option activity for the year ended December 31, 2025.


	Stock Options	Weighted Average Exercise Price Per Share		Aggregate intrinsic value
				(in thousands)
Outstanding at December 31, 2024	526,483	$	7.84
Options granted	110,257	$	5.61
Options canceled/forfeited	(68,777)	$	5.78
Options exercised	—	$	—
Options expired	(269,505)	$	7.76
Outstanding at December 31, 2025	298,458	$	7.56	$	—
Options exercisable at December 31, 2025	248,939	$	7.91	$	—

Schedule of Assumptions to Estimate the Fair Value

The following table presents a summary of the assumptions utilized to estimate the fair value of the stock option awards granted during the periods presented.


	Year Ended December 31,
	2025	2024	2023
Risk-free interest rate	4%	4%	3.5% - 3.7%
Volatility	44%	44%	56% - 59%
Expected term	5.53 years	5.53 years	5.5 - 7.8 years
Dividend yield	7.8%	7.3%	8.8%

Risk Concentrations (Tables)

12 Months Ended

Dec. 31, 2025

Risks and Uncertainties [Abstract]

Schedule of Third-Party Operating Partners Who Have Accounted For 10% or More of Revenues

The following table sets forth the percentage of revenues attributable to third-party operating partners who have accounted for 10% or more of revenues attributable to the Company’s assets during the years ended December 31, 2025, 2024 and 2023.


Major Operators	2025		2024		2023
Operator A	*		*		11	%
Operator B	*		*		12	%
Operator C	11	%	*		*
Operator D	26	%	14	%	*

__________________________________________

*Less than 10%

Stock Incentive Plan - Schedule of PSU Activity (Details) - Performance Stock Units - $ / shares	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Performance Stock Units
Beginning balance (in shares)	97,532
Awards granted (in shares)	720,980
Awards canceled/forfeited (in shares)	(99,105)
Ending balance (in shares)	719,407	97,532
Weighted Average Grant Date Fair Value Per Share
Beginning balance (in dollars per share)	$ 6.02	$ 7.10
Awards granted (in dollars per share)	5.38
Awards canceled/forfeited (in dollars per share)	6.98
Ending balance (in dollars per share)	$ 6.02	$ 7.10

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2025

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Basis of Presentation, Principles of Consolidation and Reclassifications

The consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The accompanying consolidated financial statements include the accounts of the Company and all of its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. Certain reclassifications have been made to prior years' reported amounts to conform to the current year presentation.

Segment Reporting

The Company operates in one reporting segment, which is oil and natural gas development, exploration and production. All of the Company's operations are conducted in the geographic area of the United States. The reporting segment generates revenue through the sale of oil and natural gas. The Company’s chief operating decision maker (“CODM”), who is the Company’s Chief Executive Officer, manages operations on a consolidated basis for purposes of evaluating operational performance and allocating resources. Net income, as reported within the Company’s consolidated statements of operations, is used by the CODM to assess performance for the oil and natural gas development, exploration and production segment. Significant segment expenses are the same as those reported in the consolidated statements of operations. Total assets, as reported within the Company’s consolidated balance sheets, is the measure of segment assets.

Use of Estimates

The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates of

reserves are used to determine depletion and to conduct impairment analysis. Estimating reserves is inherently uncertain, including the projection of future rates of production and the timing of development expenditures.

The Company’s estimates of oil and natural gas reserves are, by necessity, projections based on geologic and engineering data, and there are uncertainties inherent in the interpretation of such data as well as the projection of future rates of production and the timing of development expenditures. Reserve engineering is a subjective process of estimating underground accumulations of oil and natural gas that are difficult to measure. The accuracy of any reserve estimate is a function of the quality of available data, engineering and geological interpretation and judgment. Estimates of economically recoverable oil and natural gas reserves and future net cash flows necessarily depend upon a number of variable factors and assumptions, such as historical production from the area compared with production from other producing areas, the assumed effect of regulations by governmental agencies, and assumptions governing future oil and natural gas prices, future operating costs, severance taxes, development costs and workover costs, all of which may in fact vary considerably from actual results. The future drilling costs associated with reserves assigned to proved undeveloped locations may ultimately increase to the extent that these reserves are later determined to be uneconomic. For these reasons, estimates of the economically recoverable quantities of expected oil and natural gas attributable to any particular group of properties, classifications of such reserves based on risk of recovery, and estimates of the future net cash flows may vary substantially. Any significant variance in the assumptions could materially affect the estimated quantity of the reserves, which could affect the carrying value of the Company’s oil and natural gas properties and/or the rate of depletion related to the oil and natural gas properties.

Additional significant estimates include, but are not limited to, fair value of derivative financial instruments, fair value of assets acquired and liabilities assumed for business combinations, fair value of oil and natural gas properties for impairment, asset retirement obligations, revenue receivable and income taxes. Actual results could differ from those estimates.

Cash and Restricted Cash

Cash represents liquid cash and investments with an original maturity of 90 days or less. The Company places its cash with reputable financial institutions. At times, the balances deposited may exceed amounts covered by insurance provided by the U.S. Federal Deposit Insurance Corporation (“FDIC”). However, management believes that the Company’s counterparty risks are minimal based on the reputation and history of the institutions selected. The Company has not incurred any losses related to amounts in excess of FDIC limits.

Restricted cash consists of cash that is stated at cost, which approximates fair market value. Classification of restricted cash is based on the nature of the restrictions associated with the underlying assets. During 2024, the standby letters of credit associated with oil and natural gas lease agreements were terminated and, as a result, the Company had no restricted cash at December 31, 2025 or 2024.

Revenue Receivable

Revenue receivable is comprised of accrued oil and natural gas sales. The operators remit payment for production directly to the Company. In the event of complete non-performance by the Company’s customers, the maximum exposure to the Company is the outstanding revenue receivable balance at the date of non-performance. The Company monitors this exposure primarily by reviewing credit ratings, financial statements and payment history. Revenue receivables are generally unsecured and are typically received from the operator one to three months after production. As of December 31, 2025 and 2024, the Company had an allowance for expected credit losses of $0.1 million and $0.2 million, which was based on a historical loss rate.

The Company considers forecasts of future economic conditions in the estimate of its expected credit losses, in particular whether there is an increase in the probability that the Company’s counterparties are unable to pay their obligations when due, and adjusts its allowance for expected credit losses when necessary.

Advances to Operators

The Company participates in the drilling of oil and natural gas wells with other working interest partners. Due to the capital-intensive nature of oil and natural gas drilling activities, our partner operators may request advance payments from

working interest partners for their share of the costs. The Company expects such advances to be applied by these operators against joint interest billings for its share of drilling operations within 90 days from when the advance is paid. Changes in advances to operators are presented as an investing outflow within capital expenditures for oil and natural gas properties on the consolidated statements of cash flows.

Oil and Natural Gas Properties

The Company uses the successful efforts method of accounting for oil and natural gas producing activities, as further defined under ASC 932, "Extractive Activities - Oil and Gas" (“ASC 932”). Costs to acquire mineral interests in oil and gas properties, to drill and equip exploratory leases that find proved reserves, and to drill and equip development leases and related asset retirement costs are capitalized. Costs to drill exploratory wells are capitalized pending determinations of whether the wells have proved reserves. If the Company determines that the wells do not have proved reserves, the costs are charged to expense. There were no exploratory wells capitalized pending determinations of whether the wells have proved reserves as of December 31, 2025 or 2024.

Capitalized leasehold costs relating to proved properties are depleted using the unit-of-production method based on proved reserves. The depletion of capitalized drilling and development costs and integrated assets is based on the unit-of-production method using proved developed reserves. The Company recognized depletion expense of $214.8 million, $175.7 million and $160.2 million for the years ended December 31, 2025, 2024, and 2023, respectively.

Costs of significant nonproducing properties, wells in the process of being drilled and completed and development projects are excluded from depletion until the related project is completed. Costs incurred to maintain wells and related equipment are charged to expense as incurred. The Company capitalizes interest on expenditures for significant exploration and development projects that last more than six months while activities are in progress to bring the assets to their intended use. The Company capitalized $1.3 million and $1.0 million of interest costs for the years ended December 31, 2025 and 2023, respectively. No interest costs were capitalized for the year ended December 31, 2024.

Gains or losses are recorded for sales or dispositions of proved oil and gas properties which constitute an entire depletion base or from the sale of less than an entire depletion base if the disposition is significant enough to materially impact the depletion rate of the remaining properties in the depletion base. Dispositions of individual properties that do not significantly alter the depletion rates are generally accounted for as adjustments to capitalized costs with no gain or loss recorded.

The Company reviews its long-lived assets to be held and used, including proved oil and natural gas properties, whenever events or circumstances indicate that the carrying value of those assets may not be recoverable; for instance, when there are declines in commodity prices or well performance. An impairment loss is indicated if the sum of the expected undiscounted future net cash flows is less than the carrying amount of the assets. For each property determined to be impaired, an impairment loss equal to the difference between the carrying value of the properties and the estimated fair market value is recognized at that time. The fair value of impaired assets is determined using the market or income valuation approach. The income approach is calculated using a discounted cash flow model. Discounted future cash flows use a discount rate similar to that used by market participants, or comparable market value if available. Estimating future cash flows involves the use of judgments, including estimation of the proved and risk-adjusted unproved oil and natural gas reserve quantities, timing of development and production, expected future commodity prices, capital expenditures and production costs. The Company recorded proved property impairment of $44.7 million, $35.6 million, and $26.5 million for the years ended December 31, 2025, 2024, and 2023, respectively.

Unproved oil and natural gas properties are periodically assessed for impairment by considering future drilling and exploration plans, results of exploration activities, commodity price outlooks, planned future sales and expiration of all or a portion of the projects. There were no impairments to unproved oil and gas properties for the years ended December 31, 2025 and 2023. The Company recorded unproved oil and gas properties impairment of $0.7 million for the year ended December 31, 2024.

Derivative Instruments- Commodity Derivatives

The Company recognizes its derivative instruments as either assets or liabilities measured at fair value. The Company nets the fair value of the derivative instruments by counterparty in the accompanying consolidated balance sheets when the right of offset exists. The Company does not have any derivatives designated as fair value or cash flow hedges.

Derivative Instruments- Common Stock Warrants

Prior to the Warrant Exchange, the Company accounted for warrants as liability-classified instruments based on an assessment of the warrant’s specific terms and applicable authoritative guidance in ASC Topic 480, “Distinguishing Liabilities from Equity” (“ASC 480”) and ASC Topic 815, "Derivatives and Hedging" (“ASC 815”). The warrants were required to be recorded at their initial fair value on the date of issuance and each balance sheet date thereafter. Changes in the estimated fair value of the warrants were recognized as a non-operating gain or loss in the consolidated statements of operations. For the period during which the Company’s common stock was publicly traded, the fair value of the warrants was based on quoted prices in an active market.

On June 22, 2023, the Company issued 2,471,738 shares of common stock in exchange for 9,887,035 warrants tendered in the Offer. In July 2023, each remaining outstanding warrant was converted into 0.225 shares of the Company’s common stock, and subsequently, no warrants remained outstanding.

Equity Investments

In December 2023, the Company completed the sale of certain of its Permian Basin assets to Vital Energy, Inc. ("Vital Energy") for consideration of 561,752 shares of Vital Energy's common stock and 541,155 shares of Vital Energy's 2.0% cumulative mandatorily convertible preferred securities. On June 4, 2024, the 2.0% cumulative mandatorily convertible preferred securities were converted into the equivalent number of shares of Vital Energy’s common stock.

On December 15, 2025, Crescent Energy Company (“Crescent Energy”) completed its previously announced merger with Vital Energy. Under the merger agreement, each issued and outstanding share of Vital Energy common stock was converted into 1.9062 shares of Crescent Energy Class A common stock. As a result of the transaction, the Company’s 685,271 shares of Vital Energy common stock at the time of the merger were converted into 1,306,263 shares of Crescent Energy Class A common stock.

The Company follows the guidance in ASC 321, "Investments - Equity Securities" (“ASC 321”) for its investment in the common and preferred stock. ASC 321 requires equity investments with readily determinable fair values to be measured at fair value, with unrealized holding gains and losses recorded as a gain or loss in the consolidated statements of operations. Unrealized gain (loss) resulting from the changes in fair value of equity investments is included in gain (loss) on equity investments within the Company’s consolidated statements of operations. For the preferred stock that did not have a readily determinable fair value, the Company did not elect the measurement alternative in ASC 321 and instead accounted for the preferred stock at fair value with unrealized gains and losses recorded through net income for the periods until the preferred stock was converted into common stock. The Company divested of certain shares of common stock and recognized a realized gain (loss) included in gain (loss) on equity investments within the Company’s consolidated statements of operations.

The following table summarizes the amounts reported as gain (loss) on equity investments in the consolidated statements of operations for the years ended December 31, 2025, 2024 and 2023:


	Year Ended December 31,
(in thousands)	2025		2024		2023
Unrealized gain (loss) on equity investments	$	(5,315)	$	(15,283)	$	508
Realized gain (loss) on equity investment	(10,518)		100		—
Total gain (loss) on equity investments	$	(15,833)	$	(15,183)	$	508

Asset Retirement Obligations

The Company follows the provisions of ASC 410-20, "Asset Retirement Obligations" ("ASC 410-20"). ASC 410-20 requires entities to record the fair value of obligations associated with the retirement of tangible long-lived assets in the period in which it is incurred. The Company’s asset retirement obligations relate to the plugging, dismantlement, removal, site reclamation and similar activities of its oil and natural gas properties. When the liability is initially recorded, the entity capitalizes a cost by increasing the carrying amount of the related oil and natural gas property asset. Over time, the liability is accreted to its present value each period, and the capitalized cost is depleted over the useful life of the related asset. Based on certain factors, including commodity prices and costs, the Company may revise its previous estimates of the liability, which would also increase or decrease the related oil and natural gas property asset. Upon settlement of the liability, an entity either settles the obligation for its recorded amount or incurs a gain or loss for the difference of the settled amount and recorded liability.

Asset retirement obligations are estimated at the present value of expected future net cash flows and are discounted using the Company’s credit adjusted risk free rate. The Company uses unobservable inputs in the estimation of asset retirement obligations that include, but are not limited to, costs of labor, costs of materials, profits on costs of labor and materials, the effect of inflation on estimated costs, and the discount rate. Due to the subjectivity of assumptions and the relatively long lives of the Company’s leases, the costs to ultimately retire the Company’s leases may vary significantly from prior estimates.

Revenue Recognition

The Company’s revenues are primarily derived from its interests in the sale of oil and natural gas production. The Company recognizes revenue from its interests in the sales of oil and natural gas in the period that its performance obligations are satisfied.

Performance obligations are satisfied when the customer obtains control of the product, when the Company has no further obligations to perform related to the sale, when the transaction price has been determined, and when collectability is probable.

The Company receives payment from the sale of oil and natural gas production from one to three months after delivery. The transaction price is variable as it is based on market prices for oil and natural gas, less revenue deductions such as gathering, transportation and compression costs. Management has determined that the variable revenue constraint is overcome at the date control passes to the customer since the variable consideration to be received can be reasonably estimated based on daily market prices and historical transportation charges. Revenue is presented net of these costs within the consolidated statements of operations. At the end of each month when the performance obligation is satisfied, the variable consideration can be reasonably estimated and amounts due from customers are accrued in revenue receivable in the consolidated balance sheets. Variances between the Company’s estimated revenue and actual payments are recorded in the month the payment is received; however, differences have been and are insignificant.

The Company does not disclose the value of unsatisfied performance obligations under its contracts with customers as it applies the practical expedient in accordance with ASC 606. The expedient, as described in ASC 606-10-50-14(a), applies to variable consideration that is recognized as control of the product is transferred to the customer. Since each unit of product represents a separate performance obligation, future volumes are wholly unsatisfied, and disclosure of the transaction price allocated to remaining performance obligations is not required.

Non-operated Crude Oil and Natural Gas Revenues

The Company’s proportionate share of production from non-operated properties is generally marketed at the discretion of the operators. For non-operated properties, the Company receives a net payment from the operator representing its proportionate share of sales proceeds, which is net of revenue deductions such as gathering, transportation and compression costs incurred by the operator. Such non-operated revenues are recognized at the net amount of proceeds to be received by the Company during the month in which production occurs and it is probable the Company will collect the consideration it is entitled to receive. Proceeds are generally received by the Company within one to three months after the month in which production occurs.

Take in Kind Oil and Natural Gas Revenues

Under certain arrangements, the Company has the right to take a volume of unprocessed gas in kind at the operator's wellhead, representing its proportionate share of its natural gas production, in lieu of receiving a net payment from the operator. The Company currently takes certain natural gas volumes in kind in lieu of monetary settlement. When the Company elects to take volumes in kind, it pays third parties to transport the natural gas it took in kind to downstream delivery points, where it then sells to customers at prices applicable to those downstream markets. In such situations, revenues are recognized during the month in which control transfers to the customer at the delivery point and it is probable the Company will collect the consideration it is entitled to receive. Sales proceeds are generally received by the Company within one month after the month in which a sale has occurred. In these scenarios, gathering and processing costs and transportation expenses the Company incurs to transport the volumes to downstream customers are recorded in lease operating expenses in the consolidated statements of operations.

Disaggregated Oil and Natural Gas Revenues

The Company’s disaggregated revenue has two primary sources: oil sales and natural gas sales. Substantially all of the Company’s oil and natural gas sales come from six geographic areas in the United States: the Eagle Ford Basin (Texas), the Permian Basin (Texas/New Mexico), the Haynesville Basin (Texas/Louisiana), the Denver-Julesburg “DJ” Basin (Colorado), the Bakken Basin (Montana/North Dakota), and the Appalachian Basin (Ohio). The following tables present the disaggregation of the Company’s oil and natural gas revenues by basin for the years ended December 31, 2025, 2024 and 2023.


	Year Ended December 31,
(in thousands)	2025		2024		2023
Oil	$	360,832	$	327,491	$	317,099
Natural gas	89,474		52,539		76,970
Total	$	450,306	$	380,030	$	394,069


Permian	$	308,877	$	238,052	$	237,730
Eagle Ford	33,793		54,399		46,410
Bakken	28,724		40,358		51,128
Haynesville	25,899		16,776		24,833
DJ	32,035		29,980		33,968
Appalachian	20,978		465		—
Total	$	450,306	$	380,030	$	394,069

Lease Operating Expenses

Lease operating expenses represents field employees’ salaries, saltwater disposal, repairs and maintenance, expensed workovers and other operating expenses. Lease operating expenses are expensed as incurred.

Production and Ad Valorem Taxes

The Company incurs production taxes on the sale of its production. These taxes are reported on a gross basis. Production taxes for the years ended December 31, 2025, 2024 and 2023 were approximately $22.4 million, $21.0 million and $24.9 million, respectively.

The Company incurs ad valorem tax on the value of its properties in certain states. Ad valorem taxes for the years ended December 31, 2025, 2024 and 2023 were approximately $5.2 million, $5.0 million and $2.8 million, respectively.

Income Taxes

The Company is a C corporation and subject to U.S. federal, state, and local income taxes, and accounts for income taxes under the asset and liability method. Under this method, deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are calculated by applying existing tax laws and the enacted rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of a change in tax rate on deferred income tax assets and liabilities is recognized in income in the period that includes the enactment date.

A valuation allowance is recorded against deferred tax assets when, based on the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. Additionally, the Company evaluates tax positions under a more likely than not recognition threshold and measurement analysis before the positions are recognized for financial statement reporting.

Stock-Based Compensation

The Company grants various types of stock-based awards, including restricted stock awards, performance stock units ("PSUs"), and stock options. Stock-based compensation awards are measured at fair value on the date of grant and are expensed over the requisite service period. The Company records expense associated with the fair value of stock-based compensation under the fair value recognition provisions of ASC Topic 718, "Compensation-Stock Compensation" and that expense is included within "General and administrative" expense in the accompanying consolidated statements of operations. The Company recognizes forfeitures of stock-based compensation awards as they occur. The Company's stock incentive plan and related accounting policies are defined and described more fully in Note 13.

Debt Issuance Costs and Discounts

Debt issuance costs related to the Company’s revolving credit facility are recorded as deferred financing costs within "Other long-term assets" in the consolidated balance sheets and are amortized to interest expense on a straight-line basis over the term of the facility. Debt issuance costs and original issuance discount associated with the Company’s senior unsecured notes are deferred and amortized to interest expense over the contractual term of the notes. Such amounts are presented as a reduction of the carrying amount of the related debt within long-term debt, net, in the consolidated balance sheets.

Recently Issued and Applicable Accounting Pronouncements (Issued and Not Yet Adopted)

In November 2024, the FASB issued ASU 2024-03, "Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses" ("ASU 2024-03"), which requires enhanced disclosure about specific types of expenses included in the expense captions presented on the face of the consolidated statement of operations as well as disclosures about selling expenses. ASU 2024-03 is effective for annual periods beginning after December 15, 2026 and interim periods beginning after December 15, 2027, with early adoption permitted. The Company is currently assessing the effect that ASU 2024-03 will have on its disclosures.

Recently Issued and Applicable Accounting Pronouncements (Issued and Adopted)

The FASB issued ASU 2016-13, “Financial Instruments — Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” which replaced the “incurred loss” methodology for recognizing credit losses with an “expected loss” methodology. This new methodology requires that a financial asset measured at amortized cost be presented at the net amount expected to be collected. This standard is intended to provide more timely decision-useful information about the expected credit losses on financial instruments. The adoption of this guidance on January 1, 2023 did not have a material impact on the Company’s consolidated financial statements or related disclosures. Revenue receivable is the primary financial asset that is within the scope of the new guidance. A loss-rate method is applied to the receivables to estimate credit losses. The Company recognized a tax effected $0.1 million non-cash cumulative effect adjustment to retained earnings on its opening consolidated balance sheet at January 1, 2023 to record an allowance for expected credit losses associated with the Company’s revenue receivable.

In December 2023, the FASB issued ASU 2023-09, "Improvements to Income Tax Disclosures" ("ASU 2023-09") which requires disaggregated information about a reporting entity’s effective tax rate reconciliation as well as information on income taxes paid. The standard is intended to benefit investors by providing more detailed income tax disclosures that would be useful in making capital allocation decisions. ASU 2023-09 was effective for annual periods beginning after December 15, 2024, with early adoption permitted. The Company adopted this accounting standard beginning in this Annual Report on Form 10-K. See Note 7 for enhanced income tax disclosures resulting from the adoption of ASU 2023-09.

Acquisitions and Divestitures (Tables)

12 Months Ended

Dec. 31, 2025

Oil and Gas, Joint Interest Billing, Receivable [Abstract]

Schedule of Cumulative Adjusted Purchase Price of Asset Acquisition

During the years ended December 31, 2025 and 2024, the Company acquired various oil and natural gas properties. The following table presents the cumulative adjusted purchase price of transactions accounted for as asset acquisitions in accordance with ASC Topic 805, Business Combinations (“ASC 805”) by basin included in oil and gas properties on the Company’s consolidated balance sheets:


	Year Ended December 31,
(in thousands)	2025		2024
Permian	$	87,178	$	46,494

Bakken	—		1,981

DJ	—		5,325
Appalachian	34,815		10,357
Total	$	121,993	$	64,157

Organization and Nature of Operations (Details) - USD ($) $ / shares in Units, $ in Millions			1 Months Ended
	Jun. 22, 2023	Oct. 24, 2022	Jan. 31, 2023	Dec. 31, 2025	Dec. 31, 2024	Jul. 31, 2023
Basin acquisition that met the definition of a business combination
Common stock, shares authorized (in shares)				431,000,000	431,000,000
Stock warrants issued (in shares)		10,349,975
Warrant Exchange Offer
Basin acquisition that met the definition of a business combination
Shares of common stock underlying each warrant (in shares)	0.25					0.225
Warrants tendered (in shares)	2,471,738
Number of warrants tendered (in shares)	9,887,035
Warrants outstanding (in shares)						0
Amended Warrant Agreement Offer
Basin acquisition that met the definition of a business combination
Shares of common stock underlying each warrant (in shares)	0.25	0.225				0.225
Warrants tendered (in shares)	2,471,738
Number of warrants tendered (in shares)	9,887,035
Warrants outstanding (in shares)				0		0
Executive Network Partnering Corporation
Basin acquisition that met the definition of a business combination
Business acquisition, cash consideration transferred		$ 396.1
Common stock to be converted (in shares)		1
Common stock, shares converted (in shares)		1
Executive Network Partnering Corporation \| Executive Network Partnering Corporation
Basin acquisition that met the definition of a business combination
Total aggregate investment by ENPC		$ 6.8
Executive Network Partnering Corporation \| ENPC Common Class A
Basin acquisition that met the definition of a business combination
Common stock, shares authorized (in shares)		41,400,000
Common stock, shares outstanding (in shares)		39,343,496
Business acquisition, redemption price per share (in dollars per share)		$ 10.07
Executive Network Partnering Corporation \| ENPC Common Class A \| ENPC Conversion Activity, Effective Time of Merger
Basin acquisition that met the definition of a business combination
Shares converted during merger (in shares)		1,238,393
Shares forfeited (in shares)			220,348
Converted shares subject to certain vesting provisions (shares)			371,518
Executive Network Partnering Corporation \| Common Class A
Basin acquisition that met the definition of a business combination
Shares issues to existing GREP members upon business combination closing (in shares)		130,000,000.0
Executive Network Partnering Corporation \| ENPC Common Class F \| ENPC Conversion Activity, Effective Time of Merger
Basin acquisition that met the definition of a business combination
Shares to-be converted during merger (in shares)		495,357
Shares forfeited (in shares)		220,348

Summary of Significant Accounting Policies - Oil and Natural Gas Properties (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Accounting Policies [Abstract]
Exploratory wells capitalized whose proved reserves are yet to be determined	$ 0	$ 0
Depletion	214,800	175,700	$ 160,200
Interest costs capitalized	1,300	0	1,000
Impairment of oil and gas properties	44,700	35,600	26,500
Unproved property impairment	$ 0	$ 700	$ 0

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2025

Accounting Policies [Abstract]

Schedule of Gain (Loss) on Equity Investment

The following table summarizes the amounts reported as gain (loss) on equity investments in the consolidated statements of operations for the years ended December 31, 2025, 2024 and 2023:


	Year Ended December 31,
(in thousands)	2025		2024		2023
Unrealized gain (loss) on equity investments	$	(5,315)	$	(15,283)	$	508
Realized gain (loss) on equity investment	(10,518)		100		—
Total gain (loss) on equity investments	$	(15,833)	$	(15,183)	$	508

Schedule of Disaggregated Revenues by Operation and Geographic Location

The following tables present the disaggregation of the Company’s oil and natural gas revenues by basin for the years ended December 31, 2025, 2024 and 2023.


	Year Ended December 31,
(in thousands)	2025		2024		2023
Oil	$	360,832	$	327,491	$	317,099
Natural gas	89,474		52,539		76,970
Total	$	450,306	$	380,030	$	394,069


Permian	$	308,877	$	238,052	$	237,730
Eagle Ford	33,793		54,399		46,410
Bakken	28,724		40,358		51,128
Haynesville	25,899		16,776		24,833
DJ	32,035		29,980		33,968
Appalachian	20,978		465		—
Total	$	450,306	$	380,030	$	394,069

Subsequent Events - Schedule of Derivative Activity by Volume (Details)	Mar. 05, 2026 bbl Mcf $ / bbl $ / Mcf	Dec. 31, 2025 bbl Mcf
Collar Oil Contract, 2026 \| First Quarter
Subsequent events
Volume (Bbl, Mcf) \| bbl		733,085
Collar Oil Contract, 2026 \| Second Quarter
Subsequent events
Volume (Bbl, Mcf) \| bbl		635,310
Collar Oil Contract, 2026 \| Third Quarter
Subsequent events
Volume (Bbl, Mcf) \| bbl		569,332
Collar Oil Contract, 2026 \| Fourth Quarter
Subsequent events
Volume (Bbl, Mcf) \| bbl		499,485
Collar Oil Contract, 2026 \| Subsequent Event
Subsequent events
Volume (Bbl, Mcf) \| bbl	1,049,953
Weighted-average floor price ($/Mcf) \| $ / bbl	63.23
Weighted-average ceiling price ($/Mcf) \| $ / bbl	70.07
Collar Oil Contract, 2026 \| Subsequent Event \| First Quarter
Subsequent events
Volume (Bbl, Mcf) \| bbl	0
Weighted-average floor price ($/Mcf) \| $ / bbl	0
Weighted-average ceiling price ($/Mcf) \| $ / bbl	0
Collar Oil Contract, 2026 \| Subsequent Event \| Second Quarter
Subsequent events
Volume (Bbl, Mcf) \| bbl	414,120
Weighted-average floor price ($/Mcf) \| $ / bbl	65.00
Weighted-average ceiling price ($/Mcf) \| $ / bbl	72.40
Collar Oil Contract, 2026 \| Subsequent Event \| Third Quarter
Subsequent events
Volume (Bbl, Mcf) \| bbl	340,280
Weighted-average floor price ($/Mcf) \| $ / bbl	63.00
Weighted-average ceiling price ($/Mcf) \| $ / bbl	69.72
Collar Oil Contract, 2026 \| Subsequent Event \| Fourth Quarter
Subsequent events
Volume (Bbl, Mcf) \| bbl	295,553
Weighted-average floor price ($/Mcf) \| $ / bbl	61.00
Weighted-average ceiling price ($/Mcf) \| $ / bbl	67.20
Collar Oil Contract, 2027 \| Subsequent Event
Subsequent events
Volume (Bbl, Mcf) \| bbl	0
Weighted-average floor price ($/Mcf) \| $ / bbl	0
Weighted-average ceiling price ($/Mcf) \| $ / bbl	0
Collar Oil Contract, 2028 Total \| Subsequent Event
Subsequent events
Volume (Bbl, Mcf) \| bbl	0
Weighted-average floor price ($/Mcf) \| $ / bbl	0
Weighted-average ceiling price ($/Mcf) \| $ / bbl	0
Collar Natural Gas Contract, 2026 \| First Quarter
Subsequent events
Volume (Bbl, Mcf) \| Mcf		5,975,838
Collar Natural Gas Contract, 2026 \| Second Quarter
Subsequent events
Volume (Bbl, Mcf) \| Mcf		1,851,019
Collar Natural Gas Contract, 2026 \| Third Quarter
Subsequent events
Volume (Bbl, Mcf) \| Mcf		1,727,756
Collar Natural Gas Contract, 2026 \| Fourth Quarter
Subsequent events
Volume (Bbl, Mcf) \| Mcf		3,230,997
Collar Natural Gas Contract, 2026 \| Subsequent Event
Subsequent events
Volume (Bbl, Mcf) \| Mcf	1,465,988
Weighted-average floor price ($/Mcf)	3.86
Weighted-average ceiling price ($/Mcf)	4.78
Collar Natural Gas Contract, 2026 \| Subsequent Event \| First Quarter
Subsequent events
Volume (Bbl, Mcf) \| Mcf	828,665
Weighted-average floor price ($/Mcf)	3.75
Weighted-average ceiling price ($/Mcf)	4.80
Collar Natural Gas Contract, 2026 \| Subsequent Event \| Second Quarter
Subsequent events
Volume (Bbl, Mcf) \| Mcf	0
Weighted-average floor price ($/Mcf)	0
Weighted-average ceiling price ($/Mcf)	0
Collar Natural Gas Contract, 2026 \| Subsequent Event \| Third Quarter
Subsequent events
Volume (Bbl, Mcf) \| Mcf	0
Weighted-average floor price ($/Mcf)	0
Weighted-average ceiling price ($/Mcf)	0
Collar Natural Gas Contract, 2026 \| Subsequent Event \| Fourth Quarter
Subsequent events
Volume (Bbl, Mcf) \| Mcf	637,323
Weighted-average floor price ($/Mcf)	4.00
Weighted-average ceiling price ($/Mcf)	4.75
Collar Natural Gas Contract, 2027 \| Subsequent Event
Subsequent events
Volume (Bbl, Mcf) \| Mcf	2,457,747
Weighted-average floor price ($/Mcf)	3.74
Weighted-average ceiling price ($/Mcf)	4.74
Collar Natural Gas Contract, 2028 Total \| Subsequent Event
Subsequent events
Volume (Bbl, Mcf) \| Mcf	2,211,640
Weighted-average floor price ($/Mcf)	3.60
Weighted-average ceiling price ($/Mcf)	4.73
Swaps Natural Gas Contract, 2026 \| Subsequent Event
Subsequent events
Volume (Bbl, Mcf) \| Mcf	2,478,282
Weighted-average price ($/Mcf)	3.73
Swaps Natural Gas Contract, 2026 \| Subsequent Event \| First Quarter
Subsequent events
Volume (Bbl, Mcf) \| Mcf	0
Weighted-average price ($/Mcf)	0
Swaps Natural Gas Contract, 2026 \| Subsequent Event \| Second Quarter
Subsequent events
Volume (Bbl, Mcf) \| Mcf	1,175,693
Weighted-average price ($/Mcf)	3.73
Swaps Natural Gas Contract, 2026 \| Subsequent Event \| Third Quarter
Subsequent events
Volume (Bbl, Mcf) \| Mcf	998,851
Weighted-average price ($/Mcf)	3.73
Swaps Natural Gas Contract, 2026 \| Subsequent Event \| Fourth Quarter
Subsequent events
Volume (Bbl, Mcf) \| Mcf	303,738
Weighted-average price ($/Mcf)	3.73
Swaps Natural Gas Contract, 2027 Total \| Subsequent Event
Subsequent events
Volume (Bbl, Mcf) \| Mcf	2,229,886
Weighted-average price ($/Mcf)	3.48
Swaps Natural Gas Contract, 2028 Total \| Subsequent Event
Subsequent events
Volume (Bbl, Mcf) \| Mcf	0
Weighted-average price ($/Mcf)	0
Swaps Platts IFERC Waha Contract, 2026 \| Subsequent Event
Subsequent events
Volume (Bbl, Mcf) \| Mcf	0
Weighted-average price ($/Mcf)	0
Swaps Platts IFERC Waha Contract, 2026 \| Subsequent Event \| First Quarter
Subsequent events
Volume (Bbl, Mcf) \| Mcf	0
Weighted-average price ($/Mcf)	0
Swaps Platts IFERC Waha Contract, 2026 \| Subsequent Event \| Second Quarter
Subsequent events
Volume (Bbl, Mcf) \| Mcf	0
Weighted-average price ($/Mcf)	0
Swaps Platts IFERC Waha Contract, 2026 \| Subsequent Event \| Third Quarter
Subsequent events
Volume (Bbl, Mcf) \| Mcf	0
Weighted-average price ($/Mcf)	0
Swaps Platts IFERC Waha Contract, 2026 \| Subsequent Event \| Fourth Quarter
Subsequent events
Volume (Bbl, Mcf) \| Mcf	0
Weighted-average price ($/Mcf)	0
Swaps Platts IFERC Waha Contract, 2027 Total \| Subsequent Event
Subsequent events
Volume (Bbl, Mcf) \| Mcf	2,540,087
Weighted-average price ($/Mcf)	1.08
Swaps Platts IFERC Waha Contract, 2028 Total \| Subsequent Event
Subsequent events
Volume (Bbl, Mcf) \| Mcf	0
Weighted-average price ($/Mcf)	0

Asset Retirement Obligations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Asset retirement obligations
Asset retirement obligations, beginning of year	$ 10,921	$ 9,874	$ 4,963
Liabilities incurred during the period	1,092	760	2,370
Revision of estimates	0	0	2,596
Accretion expense	920	791	441
Disposals or settlements	(213)	(504)	(496)
Asset retirement obligations, end of year	12,720	10,921	9,874
Less current portion of asset retirement obligations	752	228	483
Asset retirement obligations, long-term	$ 11,968	$ 10,693	$ 9,391

Income Taxes - Schedule of Significant Components of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Deferred tax assets
Net operating loss carryforwards	$ 16,173	$ 14,152
Disallowed interest expense carryforward	0	5,410
Asset retirement obligations	2,854	2,459
Unrealized derivatives	0	1,118
Unrealized loss on investment	4,507	3,327
Other deductible temporary differences	1,275	831
Total deferred tax assets	24,809	27,297
Less: valuation allowance	0	0
Net deferred tax assets	24,809	27,297
Deferred tax liabilities
Property, plant and equipment	(108,166)	(107,243)
Unrealized derivatives	(3,973)	0
Total deferred tax liabilities	(112,139)	(107,243)
Net deferred tax liability	$ (87,330)	$ (79,946)

Subsequent Events

12 Months Ended

Dec. 31, 2025

Subsequent Events [Abstract]

Subsequent Events

Dividend

On February 13, 2026, the Company's Board of Directors declared a cash dividend of $0.11 per share for the first quarter of 2026. The dividend will be paid on March 13, 2026 to stockholders of record as of February 27, 2026.

New Commodity Derivative Contracts

Subsequent to December 31, 2025, the Company entered into the following oil and natural gas derivative contracts to hedge additional amounts of estimated future production.


	2026										2027		2028
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Total		Total		Total
Collars (oil)
Volume (Bbl)	—		414,120		340,280		295,553		1,049,953		—		—
Weighted-average floor price ($/Bbl)	$	—	$	65.00	$	63.00	$	61.00	$	63.23	$	—	$	—
Weighted-average ceiling price ($/Bbl)	$	—	$	72.40	$	69.72	$	67.20	$	70.07	$	—	$	—
Collars (natural gas)
Volume (Mcf)	828,665		—		—		637,323		1,465,988		2,457,747		2,211,640
Weighted-average floor price ($/Mcf)	$	3.75	$	—	$	—	$	4.00	$	3.86	$	3.74	$	3.60
Weighted-average ceiling price ($/Mcf)	$	4.80	$	—	$	—	$	4.75	$	4.78	$	4.74	$	4.73
Swaps (natural gas)
Volume (Mcf)	—		1,175,693		998,851		303,738		2,478,282		2,229,886		—
Weighted-average price ($/Mcf)	$	—	$	3.73	$	3.73	$	3.73	$	3.73	$	3.48	$	—
Swaps (Platts IFERC Waha)
Volume (Mcf)	—		—		—		—		—		2,540,087		—
Weighted-average price ($/Mcf)	$	—	$	—	$	—	$	—	$	—	$	(1.08)	$	—

Stock-Based Compensation

In January and February 2026, the Company granted a total of 209,648 restricted stock awards. In addition, in February 2026, the Company granted 292,398 PSUs to an officer, which will be eligible to vest upon the satisfaction of certain stock price thresholds during the performance period, which ends on December 31, 2032.

Accounts Payable and Accrued Liabilities (Tables)

12 Months Ended

Dec. 31, 2025

Payables and Accruals [Abstract]

Schedule of Accounts Payable and Accrued Liabilities

The following table provides the components of the Company’s accounts payable and accrued liabilities at December 31, 2025 and December 31, 2024:


	December 31,
(in thousands)	2025		2024
Accounts payable and accrued liabilities:
Accrued capital expenditures	$	38,174	$	62,346
Accounts and JIB payable	21,331		26,438
Accrued production costs	13,167		7,646
Other	4,175		3,010
Total accounts payable and accrued liabilities	$	76,847	$	99,440

Income Taxes - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
Income Taxes - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Effective tax rate (in percent)	24.20%	24.90%	23.20%
Accumulated federal net operating loss carryforwards	$ 73.4
State net operating loss carryforwards	73.4
Unrecognized tax benefits	0.0	$ 0.0
Unrecognized tax benefits, interest or penalties	$ 0.0	$ 0.0

Summary of Significant Accounting Policies - Disaggregated Oil and Natural Gas Revenues (Details)	12 Months Ended
	Dec. 31, 2025 source region
Accounting Policies [Abstract]
Number of revenue sources \| source	2
Operating regions \| region	6

Equity	12 Months Ended
Equity	Dec. 31, 2025
Stockholders' Equity Note [Abstract]
Equity	Equity Warrant Exchange On June 22, 2023, the Company completed an Offer to holders of its outstanding warrants which provided such holders the opportunity to receive 0.25 shares of the Company’s common stock in exchange for each warrant tendered by such holders. This Offer coincided with a solicitation of consents from holders of the warrants to amend the warrant agreement to permit the Company to require that each warrant that remained outstanding upon the closing of the Offer be exchanged for 0.225 shares of the Company’s common stock. On June 22, 2023, the Company issued 2,471,738 shares of common stock in exchange for 9,887,035 warrants tendered in the Offer, with a minimal cash settlement in lieu of partial shares. In July 2023, each remaining outstanding warrant was converted into 0.225 shares of the Company’s common stock, and subsequently, no warrants remained outstanding. The warrants exchanged in the Offer were marked to fair value on the date of settlement, which was recorded in "Gain (loss) on derivatives - common stock warrants" on the consolidated statements of operations. Upon exchange, the liability of $17.0 million and $0.7 million related to the exchanged common stock warrants in June 2023 and July 2023, respectively, was removed from the consolidated balance sheet and the issuance of shares of the Company’s common stock was reflected in stockholders’ equity. The Company incurred $2.5 million of costs directly related to the Warrant Exchange, consisting primarily of professional, legal, printing, filing, regulatory, and other costs. The costs were recorded in general and administrative expenses on the consolidated statements of operations for the year ended December 31, 2023. Common stock dividends The Company paid dividends of $57.7 million, or $0.44 per share, $57.5 million, or $0.44 per share, and $58.6 million, or $0.44 per share during the years ended December 31, 2025, 2024 and 2023, respectively. Any payment of future dividends will be at the discretion of the Company’s Board of Directors. Share repurchase program In December 2022, the Company announced that its Board of Directors approved a share repurchase program for up to $50.0 million. The stock repurchase program terminated on December 31, 2023. During the year ended December 31, 2023, the Company repurchased 5,651,707 shares under the program at an aggregate cost of $36.1 million. As of December 31, 2023, the Company had repurchased a total of 5,677,627 shares since the inception of the program at an aggregate cost of $36.3 million.

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478448/946-505-50-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480237/815-40-50-6

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/505/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 16
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-16

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

+ Details

Summary of Significant Accounting Policies - Revenue Receivable (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Accounting policies [Line items]
Allowance for credit loss	$ 0.1	$ 0.2
Minimum
Accounting policies [Line items]
Accounts receivable, timing of receipts	1 month
Maximum
Accounting policies [Line items]
Accounts receivable, timing of receipts	3 months

Fair Value Measurements - Schedule of Significant Unobservable Inputs Used in Valuation of Level 3 Power Capacity Contract (Details) - Level 3	Dec. 31, 2025 $ / MWh $ / MMBTU
Low \| Power \| Forward Price
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant unobservable inputs \| $ / MWh	(10.41)
Low \| Power \| Price Volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant unobservable inputs	0.30
Low \| Natural gas \| Forward Price
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant unobservable inputs \| $ / MMBTU	1.99
Low \| Natural gas \| Price Volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant unobservable inputs	0.50
High \| Power \| Forward Price
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant unobservable inputs \| $ / MWh	551.31
High \| Power \| Price Volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant unobservable inputs	0.30
High \| Natural gas \| Forward Price
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant unobservable inputs \| $ / MMBTU	4.18
High \| Natural gas \| Price Volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant unobservable inputs	0.50
Average \| Power \| Forward Price
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant unobservable inputs \| $ / MWh	69.02
Average \| Power \| Price Volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant unobservable inputs	0.30
Average \| Natural gas \| Forward Price
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant unobservable inputs \| $ / MMBTU	2.86
Average \| Natural gas \| Price Volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant unobservable inputs	0.50

Fair Value Measurements - Narrative (Details) $ in Millions		3 Months Ended	12 Months Ended
Fair Value Measurements - Narrative (Details) $ in Millions	Dec. 15, 2025 shares	Dec. 31, 2025 USD ($) $ / bbl $ / Mcf	Dec. 31, 2025 USD ($) $ / bbl $ / Mcf	Dec. 31, 2024 USD ($) $ / bbl $ / Mcf shares	Dec. 31, 2023 USD ($) $ / bbl $ / Mcf
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment of oil and gas properties \| $			$ 44.7	$ 35.6	$ 26.5
Oil commodity prices per barrel 2026 \| Level 3 \| Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative contract prices		57.13	57.13
Oil commodity prices per barrel 2030 \| Level 3 \| Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative contract prices		60.77	60.77
Natural gas commodity prices per Mcf 2026 \| Level 3 \| Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative contract prices \| $ / Mcf		3.72	3.72
Natural gas commodity prices per Mcf 2030 \| Level 3 \| Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative contract prices \| $ / Mcf		3.61	3.61
Oil commodity prices per barrel 2025 \| Level 3 \| Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative contract prices				69.87
Oil commodity prices per barrel 2029 \| Level 3 \| Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative contract prices				63.07
Natural gas commodity prices per Mcf 2025 \| Level 3 \| Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative contract prices \| $ / Mcf				3.53	2.67
Natural gas commodity prices per Mcf 2029 \| Level 3 \| Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative contract prices \| $ / Mcf				3.58
Oil commodity prices per barrel 2024 \| Level 3 \| Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative contract prices					71.68
Oil commodity prices per barrel 2028 \| Level 3 \| Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative contract prices					62.02
Natural gas commodity prices per Mcf 2028 \| Level 3 \| Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative contract prices \| $ / Mcf					3.80
Discount rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long lived asset measurement input (in percent)		0.09	0.09	0.10	0.10
Vital Energy, Inc
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Conversion of stock, converted (in shares) \| shares	685,271
Vital Energy, Inc \| Common Stock Issued
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment owned, balance (in shares) \| shares				1,027,907
Vital Energy, Inc \| Common Class A
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Common stock, shares converted (in shares) \| shares	1,306,263
Eagle Ford \| Level 3 \| Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment of oil and gas properties \| $		$ 44.7
Bakken \| Level 3 \| Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment of oil and gas properties \| $				$ 35.6
Haynesville \| Level 3 \| Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment of oil and gas properties \| $					$ 26.5

Summary of Significant Accounting Policies - Production and Ad Valorem Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Accounting Policies [Abstract]
Production taxes	$ 22.4	$ 21.0	$ 24.9
Ad valorem taxes	$ 5.2	$ 5.0	$ 2.8

Debt

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

Debt

The Company’s long-term debt is comprised of the following:


	Year Ended December 31,
(in thousands)	2025		2024
Credit Facility	$	50,000	$	205,000
Senior Notes due 2029	350,000		—
Total debt	400,000		205,000
Less: Current portion of outstanding long-term debt(1)	17,500		—
Total long-term debt	$	382,500	$	205,000

Less: Unamortized debt issuance costs on Senior Notes	$	(1,214)	$	—
Less: Unamortized debt discount	(13,454)		—
Total long-term debt, net	$	367,832	$	205,000

_______________________________________

(1)As of December 31, 2025, the current portion of long-term debt reflects $17.5 million due on the Senior Notes over the next twelve months.

Granite Ridge Credit Agreement

On October 24, 2022, Granite Ridge entered into a senior secured revolving credit agreement (as amended, the "Credit Agreement") with a syndicate of banks, currently led by Bank of America, N.A., as administrative agent.

The borrowing base is redetermined semiannually on or about April 1 and October 1 of each calendar year, and is subject to additional adjustments from time to time, including for asset sales, elimination or reduction of hedge positions and incurrence of other debt.

On April 29, 2025, the Company and its lenders entered into the Fifth Amendment to Credit Agreement, which amended the Credit Agreement to, among other things, (i) increase the borrowing base from $325.0 million to $375.0 million, and (ii) increase the aggregate elected commitments from $325.0 million to $375.0 million.

On November 5, 2025, the Company and its lenders entered into the Sixth Amendment to Credit Agreement, which amended the Credit Agreement to, among other things, (i) reaffirm the borrowing base and aggregate elected commitment amounts at $375.0 million, (ii) permit the issuance of the 2029 Senior Notes (as defined below), (iii) extend the maturity date to the earliest to occur of (A) November 5, 2029 or (B) the date that is ninety-one days prior to the stated maturity date of the 2029 Senior Notes if any 2029 Senior Notes remain outstanding on such date, and (iv) adjust the interest payable on (A) SOFR loans to interest at a rate per annum equal to SOFR plus an applicable margin ranging from 275 to 375 basis points, depending on the percentage of the borrowing base utilized and (B) base rate loans to interest at a rate per annum equal to the greatest of: (a) the U.S. prime rate as publicly announced from time to time by Bank of America, N.A.; (b) the federal funds effective rate plus 50 basis points; (c) the adjusted SOFR rate for a one-month interest period plus 100 basis points; and (d) 100 basis points, plus, in the case of any base rate loan, an applicable margin ranging from 175 to 275 basis points, depending on the percentage of the borrowing base utilized.

The Company and the Required Lenders (as defined in the Credit Agreement) may request one unscheduled redetermination of the borrowing base between each scheduled redetermination. The amount of the borrowing base is determined by the lenders in their sole discretion and consistent with the oil and gas lending criteria of the lenders at the time of the relevant redetermination. The amount the Company is able to borrow under the Credit Agreement is subject to compliance with the financial covenants, satisfaction of various conditions precedent to borrowing and other provisions of the Credit Agreement.

Deferred financing costs were $5.9 million at December 31, 2025, and these costs are being amortized over the term of the Credit Agreement. At December 31, 2025, the Company had outstanding borrowings of $50.0 million and $0.3 million of letters of credit issued and outstanding under the Credit Agreement, resulting in availability of $324.7 million. The Credit Agreement is guaranteed by the restricted subsidiaries of Granite Ridge and is secured by a first priority mortgage and security interest in substantially all of the Company's and its restricted subsidiaries' assets. The Company's weighted average effective interest rate under the Credit Agreement as of December 31, 2025 and 2024 was 7.86% and 8.12%, respectively.

The Company also pays a commitment fee on unused elected commitment amounts under its facility ranging from 37.5 to 50 basis points. The Company may repay any amounts borrowed under the Credit Agreement prior to the maturity date without any premium or penalty.

The Credit Agreement contains certain financial covenants, including the maintenance of the following financial ratios:

(i)a leverage ratio, which is the ratio of Consolidated Total Debt to EBITDAX (each as defined in the Credit Agreement), of not greater than 3.00 to 1.00 as of the last day of any fiscal quarter, and

(ii)a Current Ratio (as defined in the Credit Agreement), of not less than 1.00 to 1.00 as of the last day of each fiscal quarter, and

(iii)an Asset Coverage Ratio (as defined in the Credit Agreement), commencing with the fiscal quarter ending June 30, 2026, of not less than (a) for each such fiscal quarter ending prior to December 31, 2026, 1.25 to 1.00 and (b) for each such fiscal quarter ending on or after December 31, 2026, 1.50 to 1.00.

At December 31, 2025, the Company was in compliance with all financial covenants required by the Credit Agreement.

2029 Senior Notes

On November 5, 2025, the Company, as issuer, completed an issuance of $350.0 million aggregate principal amount of 8.875% senior unsecured notes at 96.0% of par with stated maturity on November 5, 2029 (the "2029 Senior Notes") pursuant to the Note Purchase Agreement. The Company used the net proceeds from issuance of the 2029 Senior Notes to repay certain amounts under the Credit Agreement and to pay related fees and expenses. The Note Purchase Agreement allows the ability for the Company to incur up to $100.0 million of incremental notes for purposes of acquisition financing, subject to, among other things, the willingness of holders to provide such incremental notes and a pro forma net leverage ratio not greater than 2.00 to 1.00.

Interest is due to be paid at the end of each quarter, commencing December 31, 2025. In addition, the Company will repay quarterly 2.5% of the original principal amount of the notes issued on the closing date beginning on September 30, 2026. If quarterly scheduled repayments are missed, the coupon increases to 11.875% and the Company is restricted from making any dividend payments until all delinquent scheduled repayments have been fulfilled. The Company has $17.5 million included in current liabilities in the consolidated balance sheets related to quarterly principal repayments due within the next 12 months. On or after May 5, 2027 and on or prior to May 5, 2028, the Company may, at its option, redeem, at any time some or all of the 2029 Senior Notes at 103.0% of par, as set forth in the Note Purchase Agreement, plus accrued and unpaid interest, if any. Any redemption of the 2029 Senior Notes prior to May 5, 2027 is subject to payment of a make-whole amount. After May 5, 2028, the Company may redeem some or all of the Senior Notes at 100.0% of the principal amount thereof plus accrued and unpaid interest, if any. The principal remaining outstanding at the time of maturity is required to be paid in full by the Issuer.

The 2029 Senior Notes include certain covenants, which, among other things, requires the maintenance of (i) a net leverage ratio not greater than 3.25 to 1.00 and an (ii) asset coverage ratio greater than or equal to (A) for each Fiscal Quarter ending prior to December 31, 2026, 1.25 to 1.00 and (B) for each Fiscal Quarter ending on or after December 31, 2026, 1.50 to 1.00. The 2029 Senior Notes also contain a total leverage ratio and asset coverage ratio basket for Restricted Payments (as defined in the 2029 Senior Notes), which permits Restricted Payments in the form of cash distributions so long as, subject to certain other conditions, the leverage ratio, after giving pro forma effect to such Restricted Payments, cannot exceed 1.75 to 1.00, and the asset coverage ratio, after giving effect to such Restricted Payments, must be greater than or equal to 1.50 to 1.00. Upon issuance of the 2029 Senior Notes, the Company must maintain a minimum hedging requirement included within the Senior Notes for oil and natural gas based on our proved developed producing projected volumes for each commodity on a rolling 18-month basis.

The Senior Notes are general unsecured obligations ranking equally in right of payment with all other senior unsecured indebtedness of the Company and are senior in right of payment to all existing and future subordinated indebtedness of the Company. The Note Purchase Agreement contains customary terms and covenants and events of default, including limitations on the Company’s ability to incur additional secured and unsecured indebtedness.

At December 31, 2025, the Company was in compliance with all financial covenants required by the Note Purchase Agreement.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/470/tableOfContent

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

+ Details

Cover Page - USD ($)	12 Months Ended
Cover Page - USD ($)	Dec. 31, 2025	Mar. 02, 2026	Jun. 30, 2025
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2025
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-41537
Entity Registrant Name	GRANITE RIDGE RESOURCES, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	88-2227812
Entity Address, Address Line One	5217 McKinney Ave
Entity Address, Address Line Two	Suite 400
Entity Address, City or Town	Dallas
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75205
City Area Code	214
Local Phone Number	396-2850
Title of 12(b) Security	Common Stock, par value $0.0001 per share
Trading Symbol	GRNT
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 411,021,199
Entity Common Stock, Shares Outstanding		131,464,915
DOCUMENTS INCORPORATED BY REFERENCE	DOCUMENTS INCORPORATED BY REFERENCE Portions of the definitive proxy statement related to the registrant's 2026 Annual Meeting of Stockholders to be filed pursuant to Regulation 14A are incorporated by reference into Part III of this Annual Report on Form 10-K.
Entity Central Index Key	0001928446
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	FY
Amendment Flag	false

Summary of Significant Accounting Policies - Schedule of Gain (Loss) on Equity Investment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Accounting Policies [Abstract]
Unrealized gain (loss) on equity investments	$ (5,315)	$ (15,283)	$ 508
Realized gain (loss) on equity investment	(10,518)	100	0
Total gain (loss) on equity investments	$ (15,833)	$ (15,183)	$ 508

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies The Company is subject to various possible contingencies that arise primarily from interpretation of federal and state laws and regulations affecting the oil and gas industry. Such contingencies include differing interpretations as to the prices at which oil and natural gas sales may be made, the prices at which royalty owners may be paid for production from their leases, environmental issues and other matters. Although management believes that it has complied with the various laws and regulations, administrative rulings and interpretations thereof, adjustments could be required as new interpretations and regulations are issued. In addition, environmental matters are subject to regulation by various federal and state agencies. On the Closing Date of the Business Combination, the Company entered into the MSA agreement between Granite Ridge and the Manager whereby the Company pays the Manager an annual services fee of $10.0 million and reimburses the Manager for certain Granite Ridge group costs. The initial term of the MSA expires on April 30, 2028; however, the MSA automatically renews for additional consecutive one-year renewal terms until terminated in accordance with its terms. As described in Note 10, Amendment No. 1 to the MSA extended the initial term to April 30, 2031, increased the annual Services Fee to $11.75 million effective January 1, 2026, provided for annual CPI-based adjustments beginning January 1, 2027 and delegated to management the authority to increase the Services Fee up to a maximum total of $12.5 million annually.

Stock Incentive Plan - Schedule of Assumptions to Estimate the Fair Value (Details) - Stock Options	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	4.00%	4.00%
Volatility	44.00%	44.00%
Expected term	5 years 6 months 10 days	5 years 6 months 10 days
Dividend yield	7.80%	7.30%	8.80%
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate			3.50%
Volatility			56.00%
Expected term			5 years 6 months
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate			3.70%
Volatility			59.00%
Expected term			7 years 9 months 18 days

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Summary of Significant Accounting Policies - Schedule of Disaggregated Revenues by Operation and Geographic Location (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Disaggregation of Revenue [Line Items]
Total	$ 450,306	$ 380,030	$ 394,069
Permian
Disaggregation of Revenue [Line Items]
Total	308,877	238,052	237,730
Eagle Ford
Disaggregation of Revenue [Line Items]
Total	33,793	54,399	46,410
Bakken
Disaggregation of Revenue [Line Items]
Total	28,724	40,358	51,128
Haynesville
Disaggregation of Revenue [Line Items]
Total	25,899	16,776	24,833
DJ
Disaggregation of Revenue [Line Items]
Total	32,035	29,980	33,968
Appalachian
Disaggregation of Revenue [Line Items]
Total	20,978	465	0
Oil
Disaggregation of Revenue [Line Items]
Total	360,832	327,491	317,099
Natural gas
Disaggregation of Revenue [Line Items]
Total	$ 89,474	$ 52,539	$ 76,970

Accounts Payable and Accrued Liabilities

12 Months Ended

Dec. 31, 2025

Payables and Accruals [Abstract]

Accounts Payable and Accrued Liabilities

The following table provides the components of the Company’s accounts payable and accrued liabilities at December 31, 2025 and December 31, 2024:


	December 31,
(in thousands)	2025		2024
Accounts payable and accrued liabilities:
Accrued capital expenditures	$	38,174	$	62,346
Accounts and JIB payable	21,331		26,438
Accrued production costs	13,167		7,646
Other	4,175		3,010
Total accounts payable and accrued liabilities	$	76,847	$	99,440

Summary of Significant Accounting Policies - Segment Reporting (Details)	12 Months Ended
	Dec. 31, 2025 segment
Accounting Policies [Abstract]
Number of operating segments	1
Number of reportable segments	1

Summary of Significant Accounting Policies - Advance to Operators (Details)	12 Months Ended
	Dec. 31, 2025
Accounting Policies [Abstract]
Advance payments to operators, term	90 days

Risk Concentrations

12 Months Ended

Dec. 31, 2025

Risks and Uncertainties [Abstract]

Risk Concentrations

As a non-operator, 100% of the Company’s wells are operated by third-party operating partners. As a result, the Company is highly dependent on the success of these third-party operators. If they are not successful in the development, exploitation, production and exploration activities relating to the Company’s leasehold interests, or are unable or unwilling to perform, the Company’s financial condition and results of operations could be adversely affected. These risks are heightened in a low commodity price environment, which may present significant challenges to these third-party operators. The Company’s third-party operators will make decisions in connection with their operations that may not be in the Company’s best interests, and the Company may have little or no ability to exercise influence over the operational decisions of its third-party operators.


Major Operators	2025		2024		2023
Operator A	*		*		11	%
Operator B	*		*		12	%
Operator C	11	%	*		*
Operator D	26	%	14	%	*

__________________________________________

*Less than 10%

No other operator accounted for 10% or more of revenue attributable to the Company’s assets on a combined basis in the years ended December 31, 2025, 2024, or 2023. The loss of any such operator could adversely affect revenues attributable to the Company’s assets in the short term.

In the normal course of business, the Company maintains its cash balances in financial institutions, which at times may exceed federally insured limits. The Company is subject to credit risk to the extent any financial institution with which it conducts business is unable to fulfill contractual obligations on its behalf. Management monitors the financial condition of such financial institutions and does not anticipate any losses from these counterparties.

Derivative counterparties - The Company uses credit and other financial criteria to evaluate the creditworthiness of counterparties to its derivative instruments. The Company believes that all of its derivative counterparties are currently acceptable credit risks. All of the Company’s outstanding derivative instruments are covered by International Swap Dealers Association Master Agreements (“ISDAs”). All collar option contracts and swap derivatives entered into are with parties

that are also lenders under the Company’s Credit Agreement. The Company’s obligations under the derivative instruments, with the exception of the Power Capacity Contract, are secured pursuant to the Credit Agreement, and no additional collateral has been posted by the Company.

- Definition

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (d)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-21

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (d)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-21

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-21

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-21

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-21

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 3A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482836/275-10-55-3A

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-2A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 275
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/275/tableOfContent

+ Details

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Carrying Amounts and Fair Values of Financial Instruments

The following table presents the carrying amounts and fair values of the Company’s financial instruments as of December 31, 2025 and 2024:


	December 31, 2025				December 31, 2024
(in thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value
Assets:
Derivative instruments - commodity derivatives	$	17,721	$	17,721	$	537	$	537
Equity investments	$	10,960	$	10,960	$	31,783	$	31,783

Liabilities:
Revolving credit facilities	$	50,000	$	50,000	$	205,000	$	205,000
2029 Senior Notes	$	335,332	$	348,373	$	—	$	—
Derivative instruments - commodity derivatives	$	24	$	24	$	5,501	$	5,501

Schedule of Fair Value of Net Derivative Instruments

The Company nets the fair value of commodity derivative instruments by counterparty in the Company’s consolidated balance sheets.


	December 31, 2025
	Fair Value Measurement Using
(in thousands)	Level 1		Level 2		Level 3		Total Fair Value		Gross Amounts Offset in the Consolidated Balance Sheet		Net Fair Value Presented in the Consolidated Balance Sheet
Equity investments - common stock	$	10,960	$	—	$	—	$	10,960	$	—	$	10,960

Assets (at fair value):
Commodity derivatives – current portion	$	—	$	14,988	$	—	$	14,988	$	(1,010)	$	13,978
Commodity derivatives – noncurrent portion	—		4,118		852		4,970		(1,227)		3,743
Liabilities (at fair value):
Commodity derivatives – current portion	—		(1,034)		—		(1,034)		1,010		(24)
Commodity derivatives – noncurrent portion	—		(1,227)		—		(1,227)		1,227		—
Net derivative instruments	$	—	$	16,845	$	852	$	17,697	$	—	$	17,697


	December 31, 2024
	Fair Value Measurement Using
(in thousands)	Level 1		Level 2		Level 3		Total Fair Value		Gross Amounts Offset in the Consolidated Balance Sheet		Net Fair Value Presented in the Consolidated Balance Sheet
Equity investments - common stock	$	31,783	$	—	$	—	$	31,783	$	—	$	31,783

Assets (at fair value):
Commodity derivatives – current portion	$	—	$	2,053	$	—	$	2,053	$	(1,516)	$	537

Liabilities (at fair value):
Commodity derivatives – current portion	—		(3,338)		—		(3,338)		1,516		(1,822)
Commodity derivatives – noncurrent portion	—		(3,679)		—		(3,679)		—		(3,679)
Net derivative instruments	$	—	$	(4,964)	$	—	$	(4,964)	$	—	$	(4,964)

Schedule of Significant Unobservable Inputs Used in Valuation of Level 3 Power Capacity Contract

The following table presents the significant unobservable inputs used in the valuation of the Level 3 Power Capacity Contract as of December 31, 2025. There were no Level 3 assets or liabilities as of December 31, 2024.


Significant Unobservable Inputs(1)	Range
	Low			High			Average
Hourly forward power prices per MWh(2)	$	(10.41)		$	551.31		$	69.02
Forward gas prices per mmbtu(3)	$	1.99		$	4.18		$	2.86
Forward power volatility	30		%	30		%	30		%
Forward gas volatility	50		%	50		%	50		%

__________________________________________

(1)The range of the inputs may be influenced by factors such as time of day, delivery period, season and location. The average represents the arithmetic average of the underlying inputs and is not weighted by the related fair value or notional amount.

(2)Based on the Electric Reliability Council of Texas ("ERCOT") West Load Zone monthly forward around the clock swap prices shaped by historical hourly nodal prices in relation to ERCOT West Load Zone.

(3)Based on the Waha forward monthly gas prices.

Fair Value Measurements

12 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

Fair Value Measurements

The Company has adopted and follows ASC 820, Fair Value Measurements and Disclosures, for measurement and disclosures about fair value of its financial instruments. ASC 820 establishes a framework for measuring fair value in U.S. GAAP, and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, ASC 820 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three (3) levels of fair value hierarchy defined by ASC 820 are:

Level 1 — Inputs are unadjusted, quoted prices in active markets for identical assets or liabilities at the measurement date.

Level 2 — Inputs (other than quoted market prices included in Level 1) are either directly or indirectly observable for the asset or liability through correlation with market data at the measurement date and for the duration of the instrument’s anticipated life.

Level 3 — Inputs reflect management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date. Consideration is given to the risk inherent in the valuation technique and the risk inherent in the

inputs to the model. Valuation of instruments includes unobservable inputs to the valuation methodology that are significant to the measurement of fair value of assets or liabilities.

As defined by ASC 820, the fair value of a financial instrument is the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale, which was further clarified as the price that would be received to sell an asset or paid to transfer a liability (“an exit price”) in an orderly transaction between market participants at the measurement date.

As required, financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input requires judgment and may affect the valuation of fair value assets and liabilities and their placement within the fair value hierarchy levels.

The following table presents the carrying amounts and fair values of the Company’s financial instruments as of December 31, 2025 and 2024:


	December 31, 2025				December 31, 2024
(in thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value
Assets:
Derivative instruments - commodity derivatives	$	17,721	$	17,721	$	537	$	537
Equity investments	$	10,960	$	10,960	$	31,783	$	31,783

Liabilities:
Revolving credit facilities	$	50,000	$	50,000	$	205,000	$	205,000
2029 Senior Notes	$	335,332	$	348,373	$	—	$	—
Derivative instruments - commodity derivatives	$	24	$	24	$	5,501	$	5,501

Revolving credit facilities — The carrying amounts of the revolving credit facilities approximate their fair values, as the applicable interest rates are variable and reflective of market rates and are classified as Level 2 in the fair value hierarchy.

2029 Senior Notes - The carrying value reported for the Senior Notes is shown net of unamortized discount and unamortized deferred financing costs. The fair value of the Senior Notes was determined utilizing a discounted cash flow approach, discounted using market rates, and is classified as Level 3 in the fair value hierarchy.

Other financial assets and liabilities — The carrying amounts of the Company’s other financial assets and liabilities, such as revenue receivable and accrued expenses due to sellers, approximate their fair values because of the short maturity of these instruments.

Derivative instruments - commodity derivatives - collar option contracts and swaps — The fair value of the Company’s collar option contracts and swap commodity derivative instruments are estimated by management considering various factors, including closing exchange and over-the-counter quotations and the time value of the underlying commitments. The fair value of the Company’s commodity derivative instruments is considered to be a Level 2 measurement. Substantially all of these inputs are observable in the marketplace throughout the full term of the derivative instrument, can be derived from observable data, or supported by observable levels at which transactions are executed in the marketplace. The Company’s valuation models are primarily industry-standard models that consider various inputs including: (i) quoted forward prices for commodities, (ii) current market and contractual prices for the underlying instruments, (iii) applicable credit-adjusted risk-free rate curves, as well as other relevant economic measures.

Derivative instruments - commodity derivatives - power capacity contract — The fair value of the Company’s power capacity contract is estimated by management using a valuation model that incorporates both observable and unobservable inputs, as well as the time value of the underlying contractual cash flows. The fair value measurement is classified within Level 3 of the fair value hierarchy because significant inputs, including hourly forward power prices over the term of the agreement, are not observable for the term of the arrangement.

The Company utilizes a Monte Carlo simulation model to estimate fair value. Key inputs include: (i) forecasted hourly forward power prices at the applicable delivery nodes of the generation facilities, (ii) forward natural gas prices, (iii) long-term power and natural gas price volatilities and correlations, (iv) expected commercial operation dates of the facilities, (v) assumed operating efficiencies of the facilities, (vi) credit-adjusted discount rates, (vii) risk-free interest rate curves, and (viii) other relevant economic assumptions.

Because the valuation incorporates significant unobservable inputs, changes in these assumptions could materially impact the estimated fair value of the arrangement.

Equity investments — The fair value of the Company’s equity investment in common stock was valued using the instrument's publicly listed trading price, which is considered to be a Level 1 measurement due to the use of an observable market quote in an active market.

As of December 31, 2024, the Company held 1,027,907 shares of Vital Energy’s common stock, for which the fair value is a Level 1 measurement. On December 15, 2025, Crescent Energy completed its previously announced merger with Vital Energy. Under the merger agreement, each issued and outstanding share of Vital Energy common stock was converted into 1.9062 shares of Crescent Energy Class A common stock. As a result of the transaction, the Company’s 685,271 outstanding shares at the time of the merger closing in Vital Energy common stock were converted into 1,306,263 shares of Crescent Class A common stock, which remained held by the Company as of December 31, 2025, for which the fair value is a Level 1 measurement.

Financial assets and liabilities are classified based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement requires judgment and may affect the valuation of the fair value of assets and liabilities and their placement within the fair value hierarchy levels. The following tables summarize (i) the valuation of each of the Company’s financial instruments by required fair value hierarchy levels and (ii) the gross fair value by the appropriate balance sheet classification, even when the derivative instruments are subject to netting arrangements and qualify for net presentation in the Company’s consolidated balance sheets as of December 31, 2025 and 2024. The Company nets the fair value of commodity derivative instruments by counterparty in the Company’s consolidated balance sheets.


	December 31, 2025
	Fair Value Measurement Using
(in thousands)	Level 1		Level 2		Level 3		Total Fair Value		Gross Amounts Offset in the Consolidated Balance Sheet		Net Fair Value Presented in the Consolidated Balance Sheet
Equity investments - common stock	$	10,960	$	—	$	—	$	10,960	$	—	$	10,960

Assets (at fair value):
Commodity derivatives – current portion	$	—	$	14,988	$	—	$	14,988	$	(1,010)	$	13,978
Commodity derivatives – noncurrent portion	—		4,118		852		4,970		(1,227)		3,743
Liabilities (at fair value):
Commodity derivatives – current portion	—		(1,034)		—		(1,034)		1,010		(24)
Commodity derivatives – noncurrent portion	—		(1,227)		—		(1,227)		1,227		—
Net derivative instruments	$	—	$	16,845	$	852	$	17,697	$	—	$	17,697


	December 31, 2024
	Fair Value Measurement Using
(in thousands)	Level 1		Level 2		Level 3		Total Fair Value		Gross Amounts Offset in the Consolidated Balance Sheet		Net Fair Value Presented in the Consolidated Balance Sheet
Equity investments - common stock	$	31,783	$	—	$	—	$	31,783	$	—	$	31,783

Assets (at fair value):
Commodity derivatives – current portion	$	—	$	2,053	$	—	$	2,053	$	(1,516)	$	537

Liabilities (at fair value):
Commodity derivatives – current portion	—		(3,338)		—		(3,338)		1,516		(1,822)
Commodity derivatives – noncurrent portion	—		(3,679)		—		(3,679)		—		(3,679)
Net derivative instruments	$	—	$	(4,964)	$	—	$	(4,964)	$	—	$	(4,964)


Significant Unobservable Inputs(1)	Range
	Low			High			Average
Hourly forward power prices per MWh(2)	$	(10.41)		$	551.31		$	69.02
Forward gas prices per mmbtu(3)	$	1.99		$	4.18		$	2.86
Forward power volatility	30		%	30		%	30		%
Forward gas volatility	50		%	50		%	50		%

__________________________________________

(3)Based on the Waha forward monthly gas prices.

Fair Values – Nonrecurring

Impairments of long-lived assets — The Company periodically reviews its long-lived assets to be held and used, including proved oil and natural gas properties, whenever events or circumstances indicate that the carrying value of those assets may not be recoverable; for instance, when there are declines in commodity prices or well performance. The Company reviews its oil and natural gas properties by depletion base. An impairment loss is indicated if the sum of the expected undiscounted future net cash flows is less than the carrying amount of the assets. If the estimated undiscounted future net cash flows are less than the carrying amount of the Company’s assets, it recognizes an impairment loss for the amount by which the carrying amount of the asset exceeds the estimated fair value of the asset.

The Company calculates the estimated fair values of its long-lived assets using the market and income valuation approaches. The income approach is calculated using a discounted future cash flow model. Fair value assumptions associated with the calculation of discounted future net cash flows include (i) market estimates of commodity prices, which are based on the NYMEX strip, (ii) pricing adjustments for differentials, (iii) production costs, (iv) capital expenditures, (v) production volumes, (vi) estimated proved and unproved reserves and (vii) discount rate. The expected future net cash flows are generally discounted using a market-based rate for proved developed producing reserves and an appropriate market discount rate based on risk for other reserve categories. The Company has historically also used the market approach by identifying market comparisons of recent transactions of oil and gas properties that share geographical and

reserve characteristics to assess the fair value of the Company's assets. These are classified as Level 3 fair value assumptions.

As of December 31, 2025, the Company’s estimates of commodity prices for purposes of determining discounted future cash flows, which are based on the NYMEX strip, ranged from a 2026 price of $57.13 per barrel of oil increasing to a 2030 price of $60.77 per barrel of oil. Natural gas prices ranged from a 2026 price of $3.72 per Mcf of natural gas decreasing to a 2030 price of $3.61 per Mcf. Both oil and natural gas commodity prices for this purpose were held flat after 2030. The resulting cash flows were discounted using a market-based discount rate of 9% then further risked based on the reserve category.

As of December 31, 2024, the Company’s estimates of commodity prices for purposes of determining discounted future cash flows, which are based on the NYMEX strip, ranged from a 2025 price of $69.87 per barrel of oil decreasing to a 2029 price of $63.07 per barrel of oil. Natural gas prices ranged from a 2025 price of $3.53 per Mcf of natural gas increasing to a 2029 price of $3.58 per Mcf. Both oil and natural gas commodity prices for this purpose were held flat after 2029. The resulting cash flows were discounted using a market-based discount rate of 10% then further risked based on the reserve category.

As of December 31, 2023, the Company’s estimates of commodity prices for purposes of determining discounted future cash flows, which are based on the NYMEX strip, ranged from a 2024 price of $71.68 per barrel of oil decreasing to a 2028 price of $62.02 per barrel of oil. Natural gas prices ranged from a 2025 price of $2.67 per Mcf of natural gas increasing to a 2028 price of $3.80 per Mcf. Both oil and natural gas commodity prices for this purpose were held flat after 2028. The resulting cash flows were discounted using a market-based discount rate of 10% then further risked based on the reserve category.

Eagle Ford Impairment

In the fourth quarter of 2025, there were indicators that the carrying value of the Company's Eagle Ford proved oil and gas properties may be impaired due to a decline in oil prices. As a result of the impairment evaluation, where the income approach was utilized to assess fair value, the Company recorded impairment of $44.7 million, which is included in impairment of long-lived assets within the consolidated statements of operations.

Bakken Impairment

During 2024, there were indicators that the carrying value of the Company's Bakken proved oil and gas properties may be impaired due to widening differentials and higher production cost assumptions. As a result of the impairment evaluation, where the market and income approach were utilized to assess fair value, the Company recorded impairment of $35.6 million, which is included in impairment of long-lived assets within the consolidated statements of operations.

Haynesville Impairment

During 2023, there were indicators that the carrying value of the Company's Haynesville proved oil and gas properties may be impaired due to a decline in natural gas prices and negative reserve revisions for certain wells that had recently begun production as well as certain proved undeveloped wells. As a result of the impairment evaluation, where the income approach was utilized to assess fair value, the Company recorded impairment of $26.5 million, which is included in impairment of long-lived assets within the consolidated statements of operations.

Asset retirement obligations — The fair value measurements of asset retirement obligations are measured on a nonrecurring basis when a well is drilled or acquired or when production equipment and facilities are installed or acquired using a discounted cash flow model based on inputs that are not observable in the market and therefore represent Level 3 inputs. Significant inputs to the fair value measurement of asset retirement obligations include estimates of the costs of plugging and abandoning oil and natural gas wells, removing production equipment and facilities and restoring the surface of the land as well as estimates of the economic lives of the oil and natural gas wells and future inflation rates.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 107
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 940
-SubTopic 820
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

+ Details

Income Taxes - Schedule of Reconciliation Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Amount
Income before income taxes	$ 32,114	$ 24,966	$ 105,582
Income tax expense (benefit) at federal statutory rate	6,744	5,243	22,172
State income taxes, net of federal benefit	846	(242)	2,169
Nontaxable or nondeductible items	193	0	0
Impact of prior tax returns	(22)	1,206	142
Income tax expense	$ 7,761	$ 6,207	$ 24,483
Percent
Income tax expense (benefit) at federal statutory rate	21.00%	21.00%	21.00%
State income taxes, net of federal benefit	2.70%	(1.00%)	2.10%
Nontaxable or nondeductible items	0.60%	0.00%	0.00%
Impact of prior tax returns	(0.10%)	4.90%	0.10%
Effective income tax rate	24.20%	24.90%	23.20%

Stock Incentive Plan - Schedule of Future Stock-Based Compensation Expense (Details) $ in Thousands	Dec. 31, 2025 USD ($)
Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
2026	$ 982
2027	495
2028	286
2029	256
2030	114
Total	2,133
Performance Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
2026	1,604
2027	364
2028	0
2029	0
2030	0
Total	1,968
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
2026	15
2027	2
2028	0
2029	0
2030	0
Total	$ 17

Earnings Per Share - Schedule of Diluted Earnings Per Share, Diluted Securities (Details) - shares	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total antidilutive common shares (in shares)	565,480	536,394	327,233
Antidilutive performance stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total antidilutive common shares (in shares)	71,832	44,649	23,428
Antidilutive stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total antidilutive common shares (in shares)	493,648	491,745	303,805

Summary of Significant Accounting Policies - Recently Issued and Applicable Accounting Pronouncements (Issued and Adopted) (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Jan. 01, 2023	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Tax effected cumulative adjustment to retained earnings	$ 605,760	$ 635,353	$ 671,645		$ 664,247
Retained Earnings
Accumulated Other Comprehensive Income (Loss) [Line Items]
Tax effected cumulative adjustment to retained earnings	$ (17,286)	$ 16,047	$ 54,782		32,388
Adoption of ASU No. 2016-13 (Note 2)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Tax effected cumulative adjustment to retained earnings					(118)
Adoption of ASU No. 2016-13 (Note 2) \| Retained Earnings
Accumulated Other Comprehensive Income (Loss) [Line Items]
Tax effected cumulative adjustment to retained earnings				$ 100	$ (118)

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480870/815-30-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480870/815-30-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480870/815-30-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480870/815-30-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482765/220-10-50-4

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482765/220-10-50-5

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481674/830-30-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481694/830-30-45-17

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481694/830-30-45-20

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481694/830-30-45-20

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481694/830-30-45-20

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481694/830-30-45-20

+ Details

- Definition

Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(31))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481372/852-10-55-10

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.6-05(4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-2

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(4)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(6))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(7))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 14: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 15: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 16: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 4.E)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480418/310-10-S99-2

+ Details

Income Taxes - Schedule of Income Taxes Paid, Net of Refunds (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Tax Paid, by Individual Jurisdiction [Line Items]
Total income taxes paid, net of refunds	$ 549	$ 197	$ 742
Texas
Income Tax Paid, by Individual Jurisdiction [Line Items]
State	445	59	33
North Dakota
Income Tax Paid, by Individual Jurisdiction [Line Items]
State	0	0	457
Louisiana
Income Tax Paid, by Individual Jurisdiction [Line Items]
State	104	138	192
Other
Income Tax Paid, by Individual Jurisdiction [Line Items]
State	$ 0	$ 0	$ 60

Derivative Financial Instruments - Narrative (Details) $ / shares in Units, $ in Thousands				1 Months Ended		12 Months Ended
	Dec. 12, 2025 MW	Jun. 22, 2023 shares	Oct. 24, 2022 $ / shares shares	Jul. 31, 2023 USD ($) shares	Jun. 30, 2023 USD ($)	Dec. 31, 2025 USD ($) shares	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Derivative instruments
Stock warrants issued (in shares)			10,349,975
Loss on derivatives - common stock warrants \| $						$ 0	$ 0	$ (5,742)
Warrant Exchange Offer
Derivative instruments
Loss on derivatives - common stock warrants \| $								$ (5,700)
Warrant Exchange Offer
Derivative instruments
Shares of common stock underlying each warrant (in shares)		0.25		0.225
Common stock issued in warrant exchange (in shares)		2,471,738
Number of warrants tendered (in shares)		9,887,035
Warrants outstanding (in shares)				0
Amended Warrant Agreement Offer
Derivative instruments
Shares of common stock underlying each warrant (in shares)		0.25	0.225	0.225
Common stock issued in warrant exchange (in shares)		2,471,738
Number of warrants tendered (in shares)		9,887,035
Warrants outstanding (in shares)				0		0
Fair value settlements \| $				$ 700	$ 17,000
Warrant
Derivative instruments
Stock warrants issued (in shares)			10,349,975
Shares of common stock underlying each warrant (in shares)			1
Exercise price of warrants (in dollars per share) \| $ / shares			$ 11.50
Period after business combination close in which warrants become exercisable			30 days
Common stock issued for exercise of warrants (in shares)			461
Power capacity contract
Derivative instruments
Power generation, aggregate capacity \| MW	200
Term of contract	7 years

Derivative Financial Instruments - Schedule of Commodity Derivative Instruments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Derivative instruments
Net cash receipts from commodity derivatives	$ 4,459	$ 16,363	$ 22,895
Unrealized gain (loss) on commodity derivatives	22,662	(17,271)	2,649
Total gain (loss) on derivatives - commodity derivatives	27,121	(908)	25,544
Oil derivatives
Derivative instruments
Net cash receipts from commodity derivatives	1,624	1,503	4,576
Unrealized gain (loss) on commodity derivatives	15,084	(5,508)	1,883
Natural gas derivatives
Derivative instruments
Net cash receipts from commodity derivatives	2,835	14,860	18,319
Unrealized gain (loss) on commodity derivatives	6,726	(11,763)	766
Power capacity contract
Derivative instruments
Unrealized gain (loss) on commodity derivatives	$ 852	$ 0	$ 0

- Definition

The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period.

+ References + Details

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2025
Audit Information [Abstract]
Auditor Firm ID	686
Auditor Name	Forvis Mazars, LLP
Auditor Location	Dallas, Texas

Fair Value Measurements - Schedule of Fair Value of Net Derivative Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Assets (at fair value):
Commodity derivatives – current portion	$ 13,978	$ 537
Commodity derivatives – noncurrent portion	3,743	0
Liabilities (at fair value):
Commodity derivatives – current portion	(24)	(1,822)
Commodity derivatives – noncurrent portion	0	(3,679)
Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investments	10,960	31,783
Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investments	10,960	31,783
Assets (at fair value):
Commodity derivatives - current portion - Net Fair Value Presented in the Consolidated Balance Sheet	13,978	537
Commodity derivatives - noncurrent portion - Net Fair Value Presented in the Consolidated Balance Sheet	3,743
Liabilities (at fair value):
Commodity derivatives - current portion - Net Fair Value Presented in the Consolidated Balance Sheet	(24)	(1,822)
Commodity derivatives – noncurrent portion - Net Fair Value Presented in the Consolidated Balance Sheet	0	(3,679)
Net derivative instruments	17,697	(4,964)
Fair Value, Recurring \| Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investments	10,960	31,783
Assets (at fair value):
Commodity derivatives – current portion	14,988	2,053
Commodity derivatives - current portion - Gross Amounts Offset in the Consolidated Balance Sheet	(1,010)	(1,516)
Commodity derivatives – noncurrent portion	4,970
Commodity derivatives - Non-current portion - Gross Amounts Offset in the Consolidated Balance Sheet	(1,227)
Liabilities (at fair value):
Commodity derivatives – current portion	(1,034)	(3,338)
Commodity derivatives - current portion - Gross Amounts Offset in the Consolidated Balance Sheet	1,010	1,516
Commodity derivatives – noncurrent portion	(1,227)	(3,679)
Commodity derivatives – noncurrent portion- Gross Amounts Offset in the Consolidated Balance Sheet	1,227	0
Net derivative instruments	17,697	(4,964)
Net derivative instruments - Gross Amounts Offset in the Consolidated Balance Sheet	0	0
Fair Value, Recurring \| Level 1 \| Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investments	10,960	31,783
Assets (at fair value):
Commodity derivatives – current portion	0	0
Commodity derivatives – noncurrent portion	0
Liabilities (at fair value):
Commodity derivatives – current portion	0	0
Commodity derivatives – noncurrent portion	0	0
Net derivative instruments	0	0
Fair Value, Recurring \| Level 2 \| Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investments	0	0
Assets (at fair value):
Commodity derivatives – current portion	14,988	2,053
Commodity derivatives – noncurrent portion	4,118
Liabilities (at fair value):
Commodity derivatives – current portion	(1,034)	(3,338)
Commodity derivatives – noncurrent portion	(1,227)	(3,679)
Net derivative instruments	16,845	(4,964)
Fair Value, Recurring \| Level 3 \| Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investments	0	0
Assets (at fair value):
Commodity derivatives – current portion	0	0
Commodity derivatives – noncurrent portion	852
Liabilities (at fair value):
Commodity derivatives – current portion	0	0
Commodity derivatives – noncurrent portion	0	0
Net derivative instruments	$ 852	$ 0

Debt - Narrative (Details) - USD ($) $ in Thousands		12 Months Ended
Debt - Narrative (Details) - USD ($) $ in Thousands	Nov. 05, 2025	Dec. 31, 2025	Apr. 29, 2025	Mar. 31, 2025	Dec. 31, 2024
Credit facility
Deferred financing costs		$ 1,214			$ 0
Long-term debt, net		367,832			205,000
Current portion of long-term debt		17,500			$ 0
2029 Senior Notes \| Unsecured Debt
Credit facility
Debt instrument, aggregate principle amount	$ 350,000
Debt instrument, unsecured notes percentage	96.00%
Debt instrument, increment notes of payment	$ 100,000
Debt instrument, principle amount	2.50%
2029 Senior Notes \| Unsecured Debt \| Period One
Credit facility
Debt instrument, redemption price, percentage	103.00%
2029 Senior Notes \| Unsecured Debt \| Period Two
Credit facility
Debt instrument, redemption price, percentage	100.00%
2029 Senior Notes \| Unsecured Debt \| Debt Instrument, Covenant, Payment Default
Credit facility
Debt instrument, stated percentage	11.875%
2029 Senior Notes \| Minimum \| Unsecured Debt \| Scenario Two
Credit facility
Debt instrument, coverage ratio	1.50
2029 Senior Notes \| Maximum \| Unsecured Debt \| Scenario Three
Credit facility
Debt instrument, net leverage ratio	1.75
Line of Credit
Credit facility
Initial borrowing capacity			$ 375,000	$ 325,000
Capacity for aggregate elected commitments			$ 375,000	$ 325,000
Deferred financing costs		5,900
Long-term debt, net		50,000
Letters of credit outstanding		300
Line of credit facility, remaining borrowing capacity		$ 324,700
Debt, weighted average interest rate (in percent)		7.86%			8.12%
Leverage ratio		300.00%
Current ratio		100.00%
Line of Credit \| Before December 2026
Credit facility
Asset coverage ratio		125.00%
Line of Credit \| After December 2026
Credit facility
Asset coverage ratio		150.00%
Line of Credit \| Credit Spread Adjustment Scenario 1
Credit facility
Debt instrument, basis spread	1.00%
Line of Credit \| Federal Funds Effective Rate
Credit facility
Debt instrument, basis spread	0.50%
Line of Credit \| Secured Overnight Financing Rate (SOFR) \| Credit Spread Adjustment Scenario 1
Credit facility
Variable interest rate adjustment term	1 month
Line of Credit \| Minimum
Credit facility
Debt instrument, basis spread	2.75%
Unused capacity commitment fee		0.375%
Line of Credit \| Minimum \| Base Rate \| Credit Spread Adjustment Scenario 1
Credit facility
Additional to margin added to interest rate	1.75%
Line of Credit \| Maximum
Credit facility
Debt instrument, basis spread	3.75%
Unused capacity commitment fee		0.50%
Line of Credit \| Maximum \| Base Rate \| Credit Spread Adjustment Scenario 1
Credit facility
Additional to margin added to interest rate	2.75%
Line of Credit \| 2029 Senior Notes
Credit facility
Capacity for aggregate elected commitments	$ 375,000
Line of Credit \| 2029 Senior Notes \| Scenario Two
Credit facility
Debt instrument, coverage ratio	1.50
Line of Credit \| 2029 Senior Notes \| Unsecured Debt
Credit facility
Debt instrument, net leverage ratio	3.25
Line of Credit \| 2029 Senior Notes \| Unsecured Debt \| Scenario One
Credit facility
Debt instrument, coverage ratio	1.25
Senior Unsecured Notes \| 2029 Senior Notes
Credit facility
Debt instrument, stated percentage	8.875%
Senior Unsecured Notes \| 2029 Senior Notes \| Unsecured Debt
Credit facility
Debt instrument, net leverage ratio	2.00

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2025	Dec. 31, 2024
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	431,000,000	431,000,000
Common stock, shares issued (in shares)	136,941,978	136,417,677
Treasury stock, common shares (in shares)	5,686,711	5,683,921

Income Taxes

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Income Taxes

The Company is a C corporation and subject to U.S. federal income tax and state and local income taxes. In 2025, the Company adopted ASU 2023-09, Improvements to Income Tax Disclosures, on a retrospective basis.

The Components of income tax expense were as follows for the periods indicated:


	Year Ended December 31,
(in thousands)	2025		2024		2023
Current
Federal	$	—	$	—	$	—
State	378		249		209
	378		249		209
Deferred
Federal	$	6,902	$	6,449	$	22,314
State	481		(491)		1,960
	7,383		5,958		24,274
Income tax expense	$	7,761	$	6,207	$	24,483

The Company's effective tax rate was 24.2%, 24.9% and 23.2% for the years ended December 31, 2025, 2024 and 2023, respectively. For 2025, the effective tax rate differs from the enacted statutory rate of 21% primarily due to the impact of state income taxes. For 2024, the effective tax rate differed from the enacted statutory rate of 21% primarily due to the impact of certain discrete items and state income taxes.

The following reconciles the income tax expense included in the consolidated statements of operations with the income tax expense that would result from the application of the statutory federal tax rate:


	Year Ended December 31,
	2025				2024				2023
	Amount		Percent		Amount		Percent		Amount		Percent
Income before income taxes	$	32,114			$	24,966			$	105,582

Income tax expense (benefit) at federal statutory rate	6,744		21.0	%	5,243		21.0	%	22,172		21.0	%
State income taxes, net of federal benefit(1)	846		2.7	%	(242)		(1.0	%)	2,169		2.1	%
Nontaxable or nondeductible items	193		0.6	%	—		—		—		—
Impact of prior tax returns	(22)		(0.1	%)	1,206		4.9	%	142		0.1	%
Effective income tax rate	$	7,761	24.2	%	$	6,207	24.9	%	$	24,483	23.2	%

__________________________________________

(1)The majority of the state income tax, net of federal benefit, is attributable to activities in Texas, Louisiana and North Dakota.

Significant components of deferred tax assets and liabilities are included in the table below:


	Year Ended December 31,
(in thousands)	2025		2024
Deferred tax assets
Net operating loss carryforwards	$	16,173	$	14,152
Disallowed interest expense carryforward	—		5,410
Asset retirement obligations	2,854		2,459
Unrealized derivatives	—		1,118
Unrealized loss on investment	4,507		3,327
Other deductible temporary differences	1,275		831
Total deferred tax assets	24,809		27,297
Less: valuation allowance	—		—
Net deferred tax assets	$	24,809	$	27,297

Deferred tax liabilities
Property, plant and equipment	$	(108,166)	$	(107,243)
Unrealized derivatives	(3,973)		—
Total deferred tax liabilities	(112,139)		(107,243)
Net deferred tax liability	$	(87,330)	$	(79,946)

As of December 31, 2025, the Company had accumulated federal net operating loss carryforwards of $73.4 million, none of which are expected to expire, and state net operating loss carryforwards of approximately $73.4 million in states that allow net operating loss carryforward, some of which begin to expire in 2042. Utilization of these net operating losses may be limited if there were to be an ownership change as defined by Section 382 of the U.S. Internal Revenue Code. As of December 31, 2025, the Company does not believe any of its net operating losses were limited under these rules.

Income taxes paid, net of refunds, are listed below by the jurisdiction in which the taxes relate:


	Year Ended December 31,
(in thousands)	2025		2024		2023
Texas	$	445	$	59	$	33
North Dakota	—		—		457
Louisiana	104		138		192
Other	—		—		60
Total income taxes paid, net of refunds	$	549	$	197	$	742

The Company is subject to the various taxing jurisdictions in the United States, including federal and certain state jurisdictions. As of December 31, 2025, the Company has no current tax years under audit. The Company remains subject to examination for federal income taxes for tax years 2022 through 2025 and state income taxes for tax years 2020 through 2025.

The Company has evaluated all tax positions for which the statute of limitations remains open and believes that the material positions taken would more likely than not be sustained upon examination. Therefore, as of December 31, 2025 and 2024, the Company had no unrecognized tax benefits and did not recognize any interest or penalties during those respective periods related to unrecognized tax benefits.

On July 4, 2025, President Trump signed the One Big Beautiful Bill Act ("OBBBA") into law. The OBBBA includes, among other things, a permanent extension of 100% bonus depreciation for certain capital expenditures and modifications to the interest expense limitation under Section 163(j). In accordance with ASC Topic 740, Income Taxes, the effects of the law are recognized in the period of enactment and, as a result, the Company recognized the impacts of the OBBBA legislation in 2025. The effective income tax rates and total income tax provision were not materially impacted by the enactment of OBBBA.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 740
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477617/942-740-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 740
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478822/944-740-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12C

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12B

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-13

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/740/tableOfContent

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-14

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-21

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-17

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-2

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

Risk Concentrations - Schedule of Third-Party Operating Partners Who Have Accounted For 10% or More of Revenues (Details) - Sales revenue - Oil and natural gas	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Risk concentrations
Benchmark percentage of revenues contributed by major operators (in percent)	10.00%	10.00%	10.00%
Benchmark used to determine the disclosure of revenues contributed by major operators (in percent)	10.00%	10.00%	10.00%
Operator A
Risk concentrations
Concentration risk (in percent)			11.00%
Operator B
Risk concentrations
Concentration risk (in percent)			12.00%
Operator C
Risk concentrations
Concentration risk (in percent)	11.00%
Operator D
Risk concentrations
Concentration risk (in percent)	26.00%	14.00%

Stock Incentive Plan - Schedule of Assumptions To Estimate Fair Value of PSUs (Details) - Performance Stock Units	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	4.00%	4.00%	4.00%
Volatility	48.00%	40.00%	59.00%
Expected term	2 years 9 months 25 days	2 years 9 months 25 days	2 years 9 months 10 days

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Acquisitions and Divestitures

12 Months Ended

Dec. 31, 2025

Oil and Gas, Joint Interest Billing, Receivable [Abstract]

Acquisitions and Divestitures

Asset Acquisitions


	Year Ended December 31,
(in thousands)	2025		2024
Permian	$	87,178	$	46,494

Bakken	—		1,981

DJ	—		5,325
Appalachian	34,815		10,357
Total	$	121,993	$	64,157

Divestitures

During the years ended December 31, 2025 and 2024, the Company divested certain proved and unproved properties for total proceeds of $0.2 million and $14.9 million, respectively. The Company recorded a gain on sale from the divested unproved properties of $0.1 million and $0.5 million for the years ended December 31, 2025 and 2024, respectively, which is included in other, net in the consolidated statements of operations.

In December 2023, the Company completed the sale of certain of its Permian Basin assets to Vital Energy in exchange for consideration of 561,752 shares of Vital Energy's common stock and 541,155 shares of Vital Energy's 2.0% cumulative mandatorily convertible preferred securities (the "Preferred Stock"). As the sale of oil and natural gas properties did not significantly affect the unit-of-production amortization rate of the Permian Basin depletion aggregation, the Company accounted for the divestiture as a normal retirement with no gain or loss recorded on the sale.

Earnings Per Share

12 Months Ended

Dec. 31, 2025

Earnings Per Share [Abstract]

Earnings Per Share

The Company uses the two-class method of calculating earnings per share because certain of the Company’s unvested stock-based awards qualify as participating securities.

The Company’s basic earnings per share attributable to common stockholders is computed as (i) net income as reported, (ii) less participating basic earnings, (iii) divided by weighted average basic common shares outstanding. The Company’s diluted earnings per share attributable to common stockholders is computed as (i) basic earnings attributable to common stockholders, (ii) plus reallocation of participating earnings, (iii) divided by weighted average diluted common shares outstanding.

The computation of diluted net income per share excludes contingently issuable shares related to certain market-based equity awards as the required market price conditions had not been satisfied as of the end of the reporting period. These awards represent 644,330 shares of common stock that may be issued if specified market price targets are achieved. Because the market conditions were not met as of December 31, 2025, the shares were not included in the diluted weighted average share count. If the market conditions are satisfied in future periods, these shares could have a dilutive effect on earnings per share.

The following table presents the basic and diluted earnings per share computations for the years ended December 31, 2025, 2024 and 2023:


	Year Ended December 31,
(in thousands)	2025		2024		2023
Net income	$	24,353	$	18,759	$	81,099
Participating basic earnings (a)	(297)		(211)		(152)
Basic earnings attributable to common stockholders	24,056		18,548		80,947
Reallocation of participating earnings	—		—		—
Diluted earnings attributable to common stockholders	$	24,056	$	18,548	$	80,947

Weighted average common shares outstanding:
Weighted average common shares outstanding – basic	130,439		130,189		133,093
Dilutive performance stock units	59		29		10
Dilutive stock options	3		9		6
Weighted average common shares outstanding – diluted	130,501		130,227		133,109

Net income per common share:
Basic	$	0.18	$	0.14	$	0.61
Diluted	$	0.18	$	0.14	$	0.61
(a) Unvested restricted stock awards represent participating securities because they participate in nonforfeitable dividends with the common stockholders of the Company. Participating earnings represent the distributed and undistributed earnings of the Company attributable to the participating securities. Unvested restricted stock awards do not participate in undistributed net losses as they are not contractually obligated to do so.

The following table is a summary of the PSUs and stock options, which were not included in the computation of diluted earnings per share, as inclusion of these items would be antidilutive.


	Year Ended December 31,
	2025	2024	2023
Number of antidilutive common shares:
Antidilutive performance stock units	71,832	44,649	23,428
Antidilutive stock options	493,648	491,745	303,805
Total antidilutive common shares	565,480	536,394	327,233

Acquisitions and Divestitures - Narrative (Details) - USD ($)		1 Months Ended	12 Months Ended
	Jun. 04, 2024	Dec. 31, 2023	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Oil and natural gas properties
Proceeds from the disposal of oil and natural gas properties			$ 175,000	$ 13,995,000	$ 60,000
Proved and Unproved Oil And Natural Gas Properties
Oil and natural gas properties
Proceeds from the disposal of oil and natural gas properties			200,000	14,900,000
Convertible Preferred Stock \| Vital Energy, Inc
Oil and natural gas properties
Preferred stock, dividend rate (in percent)	2.00%
2025 Divestitures
Oil and natural gas properties
Gain on oil and gas property divestitures			$ 100,000	$ 500,000
2023 Divestitures \| Common Stock Issued \| Vital Energy, Inc
Oil and natural gas properties
Noncash or part noncash divestiture, consideration received (in shares)		561,752
2023 Divestitures \| Convertible Preferred Stock \| Vital Energy, Inc
Oil and natural gas properties
Shares issued upon conversion (in shares)		541,155			541,155
Preferred stock, dividend rate (in percent)		2.00%
Permian \| 2023 Divestitures
Oil and natural gas properties
Gain on oil and gas property divestitures		$ 0

Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2025

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Earnings Per Share

The following table presents the basic and diluted earnings per share computations for the years ended December 31, 2025, 2024 and 2023:


	Year Ended December 31,
(in thousands)	2025		2024		2023
Net income	$	24,353	$	18,759	$	81,099
Participating basic earnings (a)	(297)		(211)		(152)
Basic earnings attributable to common stockholders	24,056		18,548		80,947
Reallocation of participating earnings	—		—		—
Diluted earnings attributable to common stockholders	$	24,056	$	18,548	$	80,947

Weighted average common shares outstanding:
Weighted average common shares outstanding – basic	130,439		130,189		133,093
Dilutive performance stock units	59		29		10
Dilutive stock options	3		9		6
Weighted average common shares outstanding – diluted	130,501		130,227		133,109

Net income per common share:
Basic	$	0.18	$	0.14	$	0.61
Diluted	$	0.18	$	0.14	$	0.61
(a) Unvested restricted stock awards represent participating securities because they participate in nonforfeitable dividends with the common stockholders of the Company. Participating earnings represent the distributed and undistributed earnings of the Company attributable to the participating securities. Unvested restricted stock awards do not participate in undistributed net losses as they are not contractually obligated to do so.

Schedule of Diluted Earnings Per Share, Diluted Securities

The following table is a summary of the PSUs and stock options, which were not included in the computation of diluted earnings per share, as inclusion of these items would be antidilutive.


	Year Ended December 31,
	2025	2024	2023
Number of antidilutive common shares:
Antidilutive performance stock units	71,832	44,649	23,428
Antidilutive stock options	493,648	491,745	303,805
Total antidilutive common shares	565,480	536,394	327,233

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense

The Components of income tax expense were as follows for the periods indicated:


	Year Ended December 31,
(in thousands)	2025		2024		2023
Current
Federal	$	—	$	—	$	—
State	378		249		209
	378		249		209
Deferred
Federal	$	6,902	$	6,449	$	22,314
State	481		(491)		1,960
	7,383		5,958		24,274
Income tax expense	$	7,761	$	6,207	$	24,483

Schedule of Reconciles the Income Tax Expense


	Year Ended December 31,
	2025				2024				2023
	Amount		Percent		Amount		Percent		Amount		Percent
Income before income taxes	$	32,114			$	24,966			$	105,582

Income tax expense (benefit) at federal statutory rate	6,744		21.0	%	5,243		21.0	%	22,172		21.0	%
State income taxes, net of federal benefit(1)	846		2.7	%	(242)		(1.0	%)	2,169		2.1	%
Nontaxable or nondeductible items	193		0.6	%	—		—		—		—
Impact of prior tax returns	(22)		(0.1	%)	1,206		4.9	%	142		0.1	%
Effective income tax rate	$	7,761	24.2	%	$	6,207	24.9	%	$	24,483	23.2	%

__________________________________________

(1)The majority of the state income tax, net of federal benefit, is attributable to activities in Texas, Louisiana and North Dakota.

Schedule of Significant Components of Deferred Tax Assets and Liabilities

Significant components of deferred tax assets and liabilities are included in the table below:


	Year Ended December 31,
(in thousands)	2025		2024
Deferred tax assets
Net operating loss carryforwards	$	16,173	$	14,152
Disallowed interest expense carryforward	—		5,410
Asset retirement obligations	2,854		2,459
Unrealized derivatives	—		1,118
Unrealized loss on investment	4,507		3,327
Other deductible temporary differences	1,275		831
Total deferred tax assets	24,809		27,297
Less: valuation allowance	—		—
Net deferred tax assets	$	24,809	$	27,297

Deferred tax liabilities
Property, plant and equipment	$	(108,166)	$	(107,243)
Unrealized derivatives	(3,973)		—
Total deferred tax liabilities	(112,139)		(107,243)
Net deferred tax liability	$	(87,330)	$	(79,946)

Schedule of Income Taxes Paid, Net of Refunds

Income taxes paid, net of refunds, are listed below by the jurisdiction in which the taxes relate:


	Year Ended December 31,
(in thousands)	2025		2024		2023
Texas	$	445	$	59	$	33
North Dakota	—		—		457
Louisiana	104		138		192
Other	—		—		60
Total income taxes paid, net of refunds	$	549	$	197	$	742

Stock Incentive Plan - Narrative (Details) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2025 USD ($) d $ / shares shares	Dec. 31, 2024 USD ($) $ / shares	Dec. 31, 2023 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average grant date fair value of options (in dollars per share) \| $ / shares	$ 1.21	$ 1.38	$ 0.82
Weighted average outstanding remaining contractual terms	7 years 9 months 18 days
Weighted average exercisable remaining contractual terms	7 years 6 months
Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in dollars per share) \| $ / shares	$ 5.86	$ 6.07	$ 5.72
Aggregate fair value of restricted stock awards vested \| $	$ 1.5	$ 1.0	$ 0.0
Unrecognized compensation cost \| $	$ 2.1
Unrecognized compensation cost, weighted average period	1 year 7 months 6 days
Awards granted (in shares)	625,527
Performance Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in dollars per share) \| $ / shares	$ 5.38
Unrecognized compensation cost \| $	$ 2.0
Unrecognized compensation cost, weighted average period	7 months 6 days
Awards granted (in shares)	720,980
Performance Stock Units \| Grantee Status, Officers
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)	644,330
Consecutive trading days \| d	20
Performance Stock Units \| Award Period One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Plan term	10 years
Number of anniversaries	2 years
Stock Options \| Vesting immediately
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options that vested (in percent)	33.00%
Stock Options \| Vesting on second anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options that vested (in percent)	33.00%
Stock Options \| Vesting on third anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options that vested (in percent)	33.00%
Other Awards \| Employees and consultants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in dollars per share) \| $ / shares			$ 8.51
Awards granted (in shares)			94,007
Non Employee Directors \| Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	1 year
Director \| Other Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)	13,482
Minimum \| Performance Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of share ultimately issued (in percent)	0.00%
Minimum \| Employee And Consultants \| Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
Maximum \| Performance Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of share ultimately issued (in percent)	200.00%
Maximum \| Employee And Consultants \| Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	5 years
Omnibus Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based awards authorized (in shares)	6,500,000
Number of common stock available for future awards (in shares)	3,800,000

Acquisitions and Divestitures - Schedule of Cumulative Adjusted Purchase Price of Asset Acquisition (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Asset Acquisition [Line Items]
Total	$ 121,993	$ 64,157
Permian
Asset Acquisition [Line Items]
Total	87,178	46,494
Bakken
Asset Acquisition [Line Items]
Total	0	1,981
DJ
Asset Acquisition [Line Items]
Total	0	5,325
Appalachian
Asset Acquisition [Line Items]
Total	$ 34,815	$ 10,357

Stock Incentive Plan - Schedule of Company's Stock Option Activity (Details) - Stock Options $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2025 USD ($) $ / shares shares
Stock Options
Beginning balance (in shares) \| shares	526,483
Options granted (in shares) \| shares	110,257
Options canceled/forfeited (in shares) \| shares	(68,777)
Options exercised (in shares) \| shares	0
Options expired (in shares) \| shares	(269,505)
Ending balance (in shares) \| shares	298,458
Options exercisable (in shares) \| shares	248,939
Weighted Average Exercise Price Per Share
Outstanding, beginning balance (in dollars per share) \| $ / shares	$ 7.84
Options granted (in dollars per share) \| $ / shares	5.61
Options canceled/forfeited (in dollars per share) \| $ / shares	5.78
Options exercised (in dollars per share) \| $ / shares	0
Options expired (in dollars per share) \| $ / shares	7.76
Outstanding, ending balance (in dollars per share) \| $ / shares	7.56
Options exercisable, (in dollars per share) \| $ / shares	$ 7.91
Aggregate intrinsic value
Outstanding, aggregate intrinsic value \| $	$ 0
Options exercisable \| $	$ 0

Derivative Financial Instruments

12 Months Ended

Dec. 31, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments

The Company uses derivative financial instruments in connection with its oil and natural gas operations to provide an economic hedge of the Company’s exposure to commodity price risk associated with anticipated future oil and natural gas production. The Company does not hold or issue derivative financial instruments for speculative trading purposes.

The Company does not designate its derivative instruments to qualify for hedge accounting. Accordingly, the Company reflects changes in the fair value of its derivative instruments in its consolidated statements of operations as they occur.

Commodity Derivatives Collar Option Contracts and Swaps

The Company’s commodity derivative financial instruments consist of collar option contracts and swaps. A collar option is established with the sale of a short call option (ceiling price) and the purchase of a long put option (floor price) set to expire at a predetermined date in the future. The options give the owner the right but not the obligation to exercise the option at the expiration date.

When the settlement price is below the established floor price, the Company receives an amount from its counterparty equal to the difference between the settlement price and the floor price multiplied by the hedged contract volume. When the settlement price is above the established ceiling price, the Company pays its counterparty an amount equal to the difference between the settlement price and the ceiling price multiplied by the hedged contract volume. When the settlement price is between the established floor and the ceiling, no amounts are due to or from the counterparty.

A swap contract allows the Company to receive a fixed price and pay a floating market price to the counterparty for the hedged commodity.

The Company has master netting agreements on individual derivative instruments with its counterparties and therefore certain amounts may be presented on a net basis in the consolidated balance sheets.

Volume of Commodity Derivative Collar Option Contracts and Swap Activities

The following table sets forth the Company’s outstanding commodity derivative contracts as of December 31, 2025.


	2026										2027
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Total		Total
Collars (oil)
Volume (Bbl)	733,085		635,310		569,332		499,485		2,437,212		961,153
Weighted-average floor price ($/Bbl)	$	58.73	$	58.93	$	59.05	$	59.36	$	58.99	$	52.50
Weighted-average ceiling price ($/Bbl)	$	70.11	$	69.51	$	70.06	$	69.32	$	69.78	$	74.24
Swaps (oil)
Volume (Bbl)	134,684		95,082		73,484		53,974		357,224		452,936
Weighted-average price ($/Bbl)	$	60.41	$	60.33	$	60.27	$	60.24	$	60.33	$	60.21
Collars (natural gas)
Volume (Mcf)	5,975,838		1,851,019		1,727,756		3,230,997		12,785,610		3,641,341
Weighted-average floor price ($/Mcf)	$	3.60	$	3.25	$	3.25	$	3.59	$	3.50	$	3.99
Weighted-average ceiling price ($/Mcf)	$	4.52	$	4.00	$	4.00	$	4.38	$	4.34	$	5.13
Swaps (natural gas)
Volume (Mcf)	—		3,371,156		2,962,512		918,480		7,252,148		7,093,928
Weighted-average price ($/Mcf)	$	—	$	3.73	$	3.73	$	3.73	$	3.73	$	3.64

Power Capacity Contract

On December 12, 2025, the Company entered into a power capacity contract ("Power Capacity Contract") as part of its strategy to enhance the value of its natural gas production. The arrangement is intended to economically hedge exposure to weak regional gas pricing and negative basis differentials by providing participation in power market revenues derived from converting natural gas into electricity.

The counterparty is constructing a fleet of distributed power generation facilities with an aggregate capacity of 200 megawatts, which are expected to begin commercial operations in late 2026. The Company’s agreement covers a portion of the total expected capacity and has a seven-year settlement term commencing upon the first facility achieving commercial operations.

Under the arrangement, the Company is obligated to make fixed monthly payments based on operating generation capacity multiplied by its participation interest. In return, the Company receives variable payments representing its share of the facilities’ operating profit. Operating profit is generally defined as revenue from the sale of power, less gas feedstock costs and a fixed operating and maintenance charge.

The structure allows the Company to benefit when power prices are favorable relative to gas prices, helping offset periods of depressed gas realizations. Conversely, when gas prices are strong and power generation is less economical, the Company may make net payments under the arrangement but benefits from improved cash flows on its physical gas sales. Overall, the arrangement is intended to stabilize and potentially enhance cash flows by diversifying the Company’s overall commodity price exposure.


	Year Ended December 31,
(in thousands)	2025		2024		2023
Net cash receipts from commodity derivatives
Oil derivatives	$	1,624	$	1,503	$	4,576
Natural gas derivatives	2,835		14,860		18,319
Total net cash receipts from commodity derivatives	$	4,459	$	16,363	$	22,895
Unrealized gain (loss) on commodity derivatives
Oil derivatives	$	15,084	$	(5,508)	$	1,883
Natural gas derivatives	6,726		(11,763)		766
Power capacity contract	852		—		—
Total unrealized gain (loss) on commodity derivatives	$	22,662	$	(17,271)	$	2,649
Total gain (loss) on derivatives - commodity derivatives	$	27,121	$	(908)	$	25,544

Common Stock Warrants

On October 24, 2022, in connection with the Business Combination, the Company issued 10,349,975 common stock warrants. Each warrant entitled the holder to purchase one share of Granite Ridge’s common stock at an exercise price of $11.50 per share. The common stock warrants became exercisable 30 days after the completion of the Business Combination and 461 common stock warrants were exercised during the period they were outstanding.

On June 22, 2023, the Company issued 2,471,738 shares of common stock in exchange for 9,887,035 warrants tendered in the Offer, with a minimal cash settlement in lieu of partial shares. In July 2023, each remaining outstanding warrant was converted into 0.225 shares of the Company’s common stock, and subsequently, no warrants remained outstanding.

The Company recognized a loss of $5.7 million during 2023 from the change in fair value of the warrant liability in the consolidated statements of operations. The warrants exchanged in the Offer were marked to fair value on the date of settlement, and the liability of $17.0 million and $0.7 million related to the exchanged common stock warrants was removed from the consolidated balance sheet in June 2023 and July 2023, respectively, and the issuance of shares of the Company’s common stock was reflected in stockholders’ equity. See Note 9 for further discussion of the Warrant Exchange.

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 182
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-182

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 185
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-185

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 184
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-184

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 181
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-181

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (a)(5)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4H
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4H

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4H
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4H

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 15
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480960/815-15-50-3

Reference 13: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 183
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-183

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (a)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4I
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4I

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4F
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4F

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-2

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-2

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-2

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-2

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-2

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1B

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/815/tableOfContent

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480237/815-40-50-5

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-5C

+ Details

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Parenthetical)	12 Months Ended
	Dec. 31, 2022
Statement of Stockholders' Equity [Abstract]
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2016-13 [Member]

- Definition

Indicates amendment to accounting standards.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 9
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479343/105-10-65-9

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 9
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479343/105-10-65-9

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 9
-Subparagraph (d)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479343/105-10-65-9

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 9
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479343/105-10-65-9

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 9
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479343/105-10-65-9

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 17
-Subparagraph (d)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480336/718-10-65-17

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 17
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480336/718-10-65-17

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 17
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480336/718-10-65-17

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 17
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480336/718-10-65-17

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476173/280-10-65-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476173/280-10-65-1

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 9
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482615/740-10-65-9

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 9
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482615/740-10-65-9

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 9
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482615/740-10-65-9

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 7
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479343/105-10-65-7

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480016/944-40-65-2

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (d)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 848
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (a)(3)(iii)(03)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483550/848-10-65-2

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 848
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (a)(3)(iii)(01)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483550/848-10-65-2

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 848
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483550/848-10-65-2

Reference 37: http://www.xbrl.org/2003/role/disclosureRef
-Topic 848
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483550/848-10-65-2

Reference 38: http://www.xbrl.org/2003/role/disclosureRef
-Topic 848
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483550/848-10-65-2

Reference 39: http://www.xbrl.org/2003/role/disclosureRef
-Topic 848
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483550/848-10-65-1

Reference 40: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 8
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479832/842-10-65-8

Reference 41: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 50
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477123/405-50-65-1

Reference 42: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 13
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482477/820-10-65-13

Reference 43: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482477/820-10-65-13

Reference 44: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480528/815-20-65-6

Reference 45: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480528/815-20-65-6

Reference 46: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479845/805-20-65-3

Reference 47: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479845/805-20-65-3

Reference 48: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 3
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479845/805-20-65-3

Reference 49: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479343/105-10-65-6

Reference 50: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479343/105-10-65-6

Reference 51: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479343/105-10-65-6

Reference 52: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479343/105-10-65-6

Reference 53: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479343/105-10-65-6

Reference 54: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480016/944-40-65-2

Reference 55: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480016/944-40-65-2

Reference 56: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480016/944-40-65-2

Reference 57: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (f)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480016/944-40-65-2

Reference 58: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (f)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480016/944-40-65-2

Reference 59: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480016/944-40-65-2

Reference 60: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480016/944-40-65-2

Reference 61: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480016/944-40-65-2

Reference 62: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(2)(iv)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480016/944-40-65-2

Reference 63: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (h)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480016/944-40-65-2

Reference 64: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (h)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480016/944-40-65-2

Reference 65: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 8
-Subparagraph (d)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482615/740-10-65-8

Reference 66: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479654/326-10-65-4

Reference 67: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (e)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479654/326-10-65-4

Reference 68: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (e)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479654/326-10-65-4

Reference 69: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 70: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 71: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 72: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 73: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 74: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 75: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 76: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 77: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 78: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (e)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 79: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (e)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 80: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (e)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 81: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 82: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476166/350-60-65-1

Reference 83: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (f)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481538/470-20-65-4

Reference 84: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (f)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481538/470-20-65-4

Reference 85: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476166/350-60-65-1

Reference 86: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476151/220-40-65-1

Reference 87: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481538/470-20-65-4

Reference 88: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481538/470-20-65-4

Reference 89: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476151/220-40-65-1

Reference 90: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476151/220-40-65-1

+ Details

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands	Total	Adoption of ASU No. 2016-13 (Note 2)	As of January 1, 2023	Common Stock Issued	Common Stock Issued As of January 1, 2023	Additional Paid-in Capital	Additional Paid-in Capital As of January 1, 2023	Retained Earnings	Retained Earnings Adoption of ASU No. 2016-13 (Note 2)	Retained Earnings As of January 1, 2023	Treasury Stock	Treasury Stock As of January 1, 2023
Balance at beginning of period (in shares) at Dec. 31, 2022				133,295,000	133,295,000
Balance at beginning of period at Dec. 31, 2022	$ 664,247	$ (118)	$ 664,129	$ 13	$ 13	$ 632,075	$ 632,075	$ 32,388	$ (118)	$ 32,270	$ (229)	$ (229)
Beginning balance, treasury stock (in shares) at Dec. 31, 2022											(26,000)	(26,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Grants of restricted stock (in shares)				403,000
Forfeitures of restricted stock (in shares)				(13,000)
Cancellation of vesting shares (in shares)				(221,000)
Vesting shares	1,287					1,287
Stock-based compensation	2,162					2,162
Purchase of treasury stock (in shares)											(5,652,000)
Purchase of treasury stock	(36,096)										$ (36,096)
Common stock dividend declared	(58,587)							(58,587)
Common stock issued in warrant exchange (in shares)				2,576,000
Common stock issued in warrant exchange	17,646			$ 1		17,645
Common stock issued for exercise of warrants (in shares)				1,000
Common stock issued for exercise of warrants	5					5
Net income	81,099							81,099
Balance at ending of period (in shares) at Dec. 31, 2023				136,041,000
Balance at ending of period at Dec. 31, 2023	671,645			$ 14		653,174		54,782			$ (36,325)
Ending balance, treasury stock (in shares) at Dec. 31, 2023											(5,678,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Grants of restricted stock (in shares)				383,000
Forfeitures of restricted stock (in shares)				(6,000)
Stock-based compensation	2,298					2,298
Purchase of treasury stock (in shares)											(6,000)
Purchase of treasury stock	(40)										$ (40)
Excise tax adjustments on treasury stock	185
Common stock dividend declared	(57,494)							(57,494)
Net income	$ 18,759							18,759
Balance at ending of period (in shares) at Dec. 31, 2024	136,417,677			136,418,000
Balance at ending of period at Dec. 31, 2024	$ 635,353			$ 14		655,472		16,047			$ (36,180)
Ending balance, treasury stock (in shares) at Dec. 31, 2024	(5,683,921)										(5,684,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Grants of restricted stock (in shares)				626,000
Forfeitures of restricted stock (in shares)				(115,000)
Stock-based compensation (in shares)				13,000
Stock-based compensation	$ 3,756					3,756
Purchase of treasury stock (in shares)											(3,000)
Purchase of treasury stock	(16)										$ (16)
Common stock dividend declared	(57,686)							(57,686)
Net income	$ 24,353							24,353
Balance at ending of period (in shares) at Dec. 31, 2025	136,941,978			136,942,000
Balance at ending of period at Dec. 31, 2025	$ 605,760			$ 14		$ 659,228		$ (17,286)			$ (36,196)
Ending balance, treasury stock (in shares) at Dec. 31, 2025	(5,686,711)										(5,687,000)

Commitments and Contingencies (Details) - USD ($) $ in Thousands				12 Months Ended
	Dec. 10, 2025	Dec. 09, 2025	Oct. 24, 2022	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Related Party \| Grey Rock Administration, LLC (the Manager)
Related party transactions
Annual service fee	$ 11,750	$ 10,000		$ 10,000
Oil and gas management agreement, renewal term				1 year
Management service fees				$ 10,000	$ 10,000	$ 10,000
Related Party \| Grey Rock Administration, LLC (the Manager) \| Maximum
Related party transactions
Management service fees	$ 12,500
Management
Related party transactions
Oil and gas management agreement, renewal term			1 year

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-3

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(k)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(k)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481990/310-10-45-13

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c)(2)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c)(2)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

+ Details

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Current assets:
Cash	$ 14,846	$ 9,419
Revenue receivable	74,166	69,692
Advances to operators	2,682	19,959
Prepaid and other current assets	2,251	3,831
Derivative assets - commodity derivatives	13,978	537
Equity investments	10,960	31,783
Total current assets	118,883	135,221
Property and equipment:
Oil and gas properties, successful efforts method	1,897,388	1,540,021
Accumulated depletion	(857,832)	(643,051)
Total property and equipment, net	1,039,556	896,970
Long-term assets:
Derivative assets - commodity derivatives	3,743	0
Other long-term assets	5,889	4,288
Total long-term assets	9,632	4,288
Total assets	1,168,071	1,036,479
Current liabilities:
Accounts payable and accrued liabilities	76,847	99,440
Current portion of long-term debt	17,500	0
Other liabilities	810	546
Derivative liabilities - commodity derivatives	24	1,822
Total current liabilities	95,181	101,808
Long-term liabilities:
Long-term debt, net	367,832	205,000
Derivative liabilities - commodity derivatives	0	3,679
Asset retirement obligations	11,968	10,693
Deferred tax liability	87,330	79,946
Total long-term liabilities	467,130	299,318
Total liabilities	562,311	401,126
Commitments and contingencies (Note 11)
Stockholders' Equity:
Common stock, $0.0001 par value, 431,000,000 shares authorized, 136,941,978 and 136,417,677 issued at December 31, 2025 and 2024, respectively	14	14
Additional paid-in capital	659,228	655,472
Retained earnings	(17,286)	16,047
Treasury stock, at cost, 5,686,711 and 5,683,921 shares at December 31, 2025 and 2024, respectively	(36,196)	(36,180)
Total stockholders' equity	605,760	635,353
Total liabilities and stockholders' equity	$ 1,168,071	$ 1,036,479

Summary of Significant Accounting Policies (Policies)	12 Months Ended
Summary of Significant Accounting Policies (Policies)	Dec. 31, 2025
Accounting Policies [Abstract]
Basis of Presentation	The consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”).
Principles of Consolidation	The accompanying consolidated financial statements include the accounts of the Company and all of its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.
Reclassifications	Certain reclassifications have been made to prior years' reported amounts to conform to the current year presentation.
Segment Reporting	Segment Reporting The Company operates in one reporting segment, which is oil and natural gas development, exploration and production. All of the Company's operations are conducted in the geographic area of the United States. The reporting segment generates revenue through the sale of oil and natural gas. The Company’s chief operating decision maker (“CODM”), who is the Company’s Chief Executive Officer, manages operations on a consolidated basis for purposes of evaluating operational performance and allocating resources. Net income, as reported within the Company’s consolidated statements of operations, is used by the CODM to assess performance for the oil and natural gas development, exploration and production segment. Significant segment expenses are the same as those reported in the consolidated statements of operations. Total assets, as reported within the Company’s consolidated balance sheets, is the measure of segment assets.
Use of Estimates	Use of Estimates The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates of reserves are used to determine depletion and to conduct impairment analysis. Estimating reserves is inherently uncertain, including the projection of future rates of production and the timing of development expenditures. The Company’s estimates of oil and natural gas reserves are, by necessity, projections based on geologic and engineering data, and there are uncertainties inherent in the interpretation of such data as well as the projection of future rates of production and the timing of development expenditures. Reserve engineering is a subjective process of estimating underground accumulations of oil and natural gas that are difficult to measure. The accuracy of any reserve estimate is a function of the quality of available data, engineering and geological interpretation and judgment. Estimates of economically recoverable oil and natural gas reserves and future net cash flows necessarily depend upon a number of variable factors and assumptions, such as historical production from the area compared with production from other producing areas, the assumed effect of regulations by governmental agencies, and assumptions governing future oil and natural gas prices, future operating costs, severance taxes, development costs and workover costs, all of which may in fact vary considerably from actual results. The future drilling costs associated with reserves assigned to proved undeveloped locations may ultimately increase to the extent that these reserves are later determined to be uneconomic. For these reasons, estimates of the economically recoverable quantities of expected oil and natural gas attributable to any particular group of properties, classifications of such reserves based on risk of recovery, and estimates of the future net cash flows may vary substantially. Any significant variance in the assumptions could materially affect the estimated quantity of the reserves, which could affect the carrying value of the Company’s oil and natural gas properties and/or the rate of depletion related to the oil and natural gas properties. Additional significant estimates include, but are not limited to, fair value of derivative financial instruments, fair value of assets acquired and liabilities assumed for business combinations, fair value of oil and natural gas properties for impairment, asset retirement obligations, revenue receivable and income taxes. Actual results could differ from those estimates.
Cash and Restricted Cash	Cash and Restricted Cash Cash represents liquid cash and investments with an original maturity of 90 days or less. The Company places its cash with reputable financial institutions. At times, the balances deposited may exceed amounts covered by insurance provided by the U.S. Federal Deposit Insurance Corporation (“FDIC”). However, management believes that the Company’s counterparty risks are minimal based on the reputation and history of the institutions selected. The Company has not incurred any losses related to amounts in excess of FDIC limits. Restricted cash consists of cash that is stated at cost, which approximates fair market value. Classification of restricted cash is based on the nature of the restrictions associated with the underlying assets. During 2024, the standby letters of credit associated with oil and natural gas lease agreements were terminated and, as a result, the Company had no restricted cash at December 31, 2025 or 2024.
Revenue Receivable	Revenue Receivable Revenue receivable is comprised of accrued oil and natural gas sales. The operators remit payment for production directly to the Company. In the event of complete non-performance by the Company’s customers, the maximum exposure to the Company is the outstanding revenue receivable balance at the date of non-performance. The Company monitors this exposure primarily by reviewing credit ratings, financial statements and payment history. Revenue receivables are generally unsecured and are typically received from the operator one to three months after production. As of December 31, 2025 and 2024, the Company had an allowance for expected credit losses of $0.1 million and $0.2 million, which was based on a historical loss rate. The Company considers forecasts of future economic conditions in the estimate of its expected credit losses, in particular whether there is an increase in the probability that the Company’s counterparties are unable to pay their obligations when due, and adjusts its allowance for expected credit losses when necessary.
Advance to Operators	Advances to Operators The Company participates in the drilling of oil and natural gas wells with other working interest partners. Due to the capital-intensive nature of oil and natural gas drilling activities, our partner operators may request advance payments from working interest partners for their share of the costs. The Company expects such advances to be applied by these operators against joint interest billings for its share of drilling operations within 90 days from when the advance is paid. Changes in advances to operators are presented as an investing outflow within capital expenditures for oil and natural gas properties on the consolidated statements of cash flows.
Oil and Natural Gas Properties	Oil and Natural Gas Properties The Company uses the successful efforts method of accounting for oil and natural gas producing activities, as further defined under ASC 932, "Extractive Activities - Oil and Gas" (“ASC 932”). Costs to acquire mineral interests in oil and gas properties, to drill and equip exploratory leases that find proved reserves, and to drill and equip development leases and related asset retirement costs are capitalized. Costs to drill exploratory wells are capitalized pending determinations of whether the wells have proved reserves. If the Company determines that the wells do not have proved reserves, the costs are charged to expense. There were no exploratory wells capitalized pending determinations of whether the wells have proved reserves as of December 31, 2025 or 2024. Capitalized leasehold costs relating to proved properties are depleted using the unit-of-production method based on proved reserves. The depletion of capitalized drilling and development costs and integrated assets is based on the unit-of-production method using proved developed reserves. The Company recognized depletion expense of $214.8 million, $175.7 million and $160.2 million for the years ended December 31, 2025, 2024, and 2023, respectively. Costs of significant nonproducing properties, wells in the process of being drilled and completed and development projects are excluded from depletion until the related project is completed. Costs incurred to maintain wells and related equipment are charged to expense as incurred. The Company capitalizes interest on expenditures for significant exploration and development projects that last more than six months while activities are in progress to bring the assets to their intended use. The Company capitalized $1.3 million and $1.0 million of interest costs for the years ended December 31, 2025 and 2023, respectively. No interest costs were capitalized for the year ended December 31, 2024. Gains or losses are recorded for sales or dispositions of proved oil and gas properties which constitute an entire depletion base or from the sale of less than an entire depletion base if the disposition is significant enough to materially impact the depletion rate of the remaining properties in the depletion base. Dispositions of individual properties that do not significantly alter the depletion rates are generally accounted for as adjustments to capitalized costs with no gain or loss recorded. The Company reviews its long-lived assets to be held and used, including proved oil and natural gas properties, whenever events or circumstances indicate that the carrying value of those assets may not be recoverable; for instance, when there are declines in commodity prices or well performance. An impairment loss is indicated if the sum of the expected undiscounted future net cash flows is less than the carrying amount of the assets. For each property determined to be impaired, an impairment loss equal to the difference between the carrying value of the properties and the estimated fair market value is recognized at that time. The fair value of impaired assets is determined using the market or income valuation approach. The income approach is calculated using a discounted cash flow model. Discounted future cash flows use a discount rate similar to that used by market participants, or comparable market value if available. Estimating future cash flows involves the use of judgments, including estimation of the proved and risk-adjusted unproved oil and natural gas reserve quantities, timing of development and production, expected future commodity prices, capital expenditures and production costs. The Company recorded proved property impairment of $44.7 million, $35.6 million, and $26.5 million for the years ended December 31, 2025, 2024, and 2023, respectively. Unproved oil and natural gas properties are periodically assessed for impairment by considering future drilling and exploration plans, results of exploration activities, commodity price outlooks, planned future sales and expiration of all or a portion of the projects. There were no impairments to unproved oil and gas properties for the years ended December 31, 2025 and 2023. The Company recorded unproved oil and gas properties impairment of $0.7 million for the year ended December 31, 2024.
Derivative Instruments - Commodity Derivatives	Derivative Instruments- Commodity Derivatives The Company recognizes its derivative instruments as either assets or liabilities measured at fair value. The Company nets the fair value of the derivative instruments by counterparty in the accompanying consolidated balance sheets when the right of offset exists. The Company does not have any derivatives designated as fair value or cash flow hedges.
Derivative Instruments - Common Stock Warrants	Derivative Instruments- Common Stock Warrants Prior to the Warrant Exchange, the Company accounted for warrants as liability-classified instruments based on an assessment of the warrant’s specific terms and applicable authoritative guidance in ASC Topic 480, “Distinguishing Liabilities from Equity” (“ASC 480”) and ASC Topic 815, "Derivatives and Hedging" (“ASC 815”). The warrants were required to be recorded at their initial fair value on the date of issuance and each balance sheet date thereafter. Changes in the estimated fair value of the warrants were recognized as a non-operating gain or loss in the consolidated statements of operations. For the period during which the Company’s common stock was publicly traded, the fair value of the warrants was based on quoted prices in an active market. On June 22, 2023, the Company issued 2,471,738 shares of common stock in exchange for 9,887,035 warrants tendered in the Offer. In July 2023, each remaining outstanding warrant was converted into 0.225 shares of the Company’s common stock, and subsequently, no warrants remained outstanding.
Equity Investments	Equity Investments In December 2023, the Company completed the sale of certain of its Permian Basin assets to Vital Energy, Inc. ("Vital Energy") for consideration of 561,752 shares of Vital Energy's common stock and 541,155 shares of Vital Energy's 2.0% cumulative mandatorily convertible preferred securities. On June 4, 2024, the 2.0% cumulative mandatorily convertible preferred securities were converted into the equivalent number of shares of Vital Energy’s common stock. On December 15, 2025, Crescent Energy Company (“Crescent Energy”) completed its previously announced merger with Vital Energy. Under the merger agreement, each issued and outstanding share of Vital Energy common stock was converted into 1.9062 shares of Crescent Energy Class A common stock. As a result of the transaction, the Company’s 685,271 shares of Vital Energy common stock at the time of the merger were converted into 1,306,263 shares of Crescent Energy Class A common stock. The Company follows the guidance in ASC 321, "Investments - Equity Securities" (“ASC 321”) for its investment in the common and preferred stock. ASC 321 requires equity investments with readily determinable fair values to be measured at fair value, with unrealized holding gains and losses recorded as a gain or loss in the consolidated statements of operations. Unrealized gain (loss) resulting from the changes in fair value of equity investments is included in gain (loss) on equity investments within the Company’s consolidated statements of operations. For the preferred stock that did not have a readily determinable fair value, the Company did not elect the measurement alternative in ASC 321 and instead accounted for the preferred stock at fair value with unrealized gains and losses recorded through net income for the periods until the preferred stock was converted into common stock. The Company divested of certain shares of common stock and recognized a realized gain (loss) included in gain (loss) on equity investments within the Company’s consolidated statements of operations.
Asset Retirement Obligation	Asset Retirement Obligations The Company follows the provisions of ASC 410-20, "Asset Retirement Obligations" ("ASC 410-20"). ASC 410-20 requires entities to record the fair value of obligations associated with the retirement of tangible long-lived assets in the period in which it is incurred. The Company’s asset retirement obligations relate to the plugging, dismantlement, removal, site reclamation and similar activities of its oil and natural gas properties. When the liability is initially recorded, the entity capitalizes a cost by increasing the carrying amount of the related oil and natural gas property asset. Over time, the liability is accreted to its present value each period, and the capitalized cost is depleted over the useful life of the related asset. Based on certain factors, including commodity prices and costs, the Company may revise its previous estimates of the liability, which would also increase or decrease the related oil and natural gas property asset. Upon settlement of the liability, an entity either settles the obligation for its recorded amount or incurs a gain or loss for the difference of the settled amount and recorded liability. Asset retirement obligations are estimated at the present value of expected future net cash flows and are discounted using the Company’s credit adjusted risk free rate. The Company uses unobservable inputs in the estimation of asset retirement obligations that include, but are not limited to, costs of labor, costs of materials, profits on costs of labor and materials, the effect of inflation on estimated costs, and the discount rate. Due to the subjectivity of assumptions and the relatively long lives of the Company’s leases, the costs to ultimately retire the Company’s leases may vary significantly from prior estimates.
Revenue Recognition	Revenue Recognition The Company’s revenues are primarily derived from its interests in the sale of oil and natural gas production. The Company recognizes revenue from its interests in the sales of oil and natural gas in the period that its performance obligations are satisfied. Performance obligations are satisfied when the customer obtains control of the product, when the Company has no further obligations to perform related to the sale, when the transaction price has been determined, and when collectability is probable. The Company receives payment from the sale of oil and natural gas production from one to three months after delivery. The transaction price is variable as it is based on market prices for oil and natural gas, less revenue deductions such as gathering, transportation and compression costs. Management has determined that the variable revenue constraint is overcome at the date control passes to the customer since the variable consideration to be received can be reasonably estimated based on daily market prices and historical transportation charges. Revenue is presented net of these costs within the consolidated statements of operations. At the end of each month when the performance obligation is satisfied, the variable consideration can be reasonably estimated and amounts due from customers are accrued in revenue receivable in the consolidated balance sheets. Variances between the Company’s estimated revenue and actual payments are recorded in the month the payment is received; however, differences have been and are insignificant. The Company does not disclose the value of unsatisfied performance obligations under its contracts with customers as it applies the practical expedient in accordance with ASC 606. The expedient, as described in ASC 606-10-50-14(a), applies to variable consideration that is recognized as control of the product is transferred to the customer. Since each unit of product represents a separate performance obligation, future volumes are wholly unsatisfied, and disclosure of the transaction price allocated to remaining performance obligations is not required.
Non-operated Crude Oil and Natural Gas Reserves	Non-operated Crude Oil and Natural Gas Revenues The Company’s proportionate share of production from non-operated properties is generally marketed at the discretion of the operators. For non-operated properties, the Company receives a net payment from the operator representing its proportionate share of sales proceeds, which is net of revenue deductions such as gathering, transportation and compression costs incurred by the operator. Such non-operated revenues are recognized at the net amount of proceeds to be received by the Company during the month in which production occurs and it is probable the Company will collect the consideration it is entitled to receive. Proceeds are generally received by the Company within one to three months after the month in which production occurs.
Take-in Kind Oil and Natural Gas Reserves	Take in Kind Oil and Natural Gas Revenues Under certain arrangements, the Company has the right to take a volume of unprocessed gas in kind at the operator's wellhead, representing its proportionate share of its natural gas production, in lieu of receiving a net payment from the operator. The Company currently takes certain natural gas volumes in kind in lieu of monetary settlement. When the Company elects to take volumes in kind, it pays third parties to transport the natural gas it took in kind to downstream delivery points, where it then sells to customers at prices applicable to those downstream markets. In such situations, revenues are recognized during the month in which control transfers to the customer at the delivery point and it is probable the Company will collect the consideration it is entitled to receive. Sales proceeds are generally received by the Company within one month after the month in which a sale has occurred. In these scenarios, gathering and processing costs and transportation expenses the Company incurs to transport the volumes to downstream customers are recorded in lease operating expenses in the consolidated statements of operations.
Lease Operating Expenses	Lease Operating Expenses Lease operating expenses represents field employees’ salaries, saltwater disposal, repairs and maintenance, expensed workovers and other operating expenses. Lease operating expenses are expensed as incurred.
Production and Ad Valorem Taxes	Production and Ad Valorem Taxes The Company incurs production taxes on the sale of its production. These taxes are reported on a gross basis. Production taxes for the years ended December 31, 2025, 2024 and 2023 were approximately $22.4 million, $21.0 million and $24.9 million, respectively. The Company incurs ad valorem tax on the value of its properties in certain states. Ad valorem taxes for the years ended December 31, 2025, 2024 and 2023 were approximately $5.2 million, $5.0 million and $2.8 million, respectively.
Income Taxes	Income Taxes The Company is a C corporation and subject to U.S. federal, state, and local income taxes, and accounts for income taxes under the asset and liability method. Under this method, deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are calculated by applying existing tax laws and the enacted rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of a change in tax rate on deferred income tax assets and liabilities is recognized in income in the period that includes the enactment date. A valuation allowance is recorded against deferred tax assets when, based on the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. Additionally, the Company evaluates tax positions under a more likely than not recognition threshold and measurement analysis before the positions are recognized for financial statement reporting.
Stock-Based Compensation	Stock-Based Compensation The Company grants various types of stock-based awards, including restricted stock awards, performance stock units ("PSUs"), and stock options. Stock-based compensation awards are measured at fair value on the date of grant and are expensed over the requisite service period. The Company records expense associated with the fair value of stock-based compensation under the fair value recognition provisions of ASC Topic 718, "Compensation-Stock Compensation" and that expense is included within "General and administrative" expense in the accompanying consolidated statements of operations. The Company recognizes forfeitures of stock-based compensation awards as they occur. The Company's stock incentive plan and related accounting policies are defined and described more fully in Note 13.
Debt Issuance Costs and Discounts	Debt Issuance Costs and Discounts Debt issuance costs related to the Company’s revolving credit facility are recorded as deferred financing costs within "Other long-term assets" in the consolidated balance sheets and are amortized to interest expense on a straight-line basis over the term of the facility. Debt issuance costs and original issuance discount associated with the Company’s senior unsecured notes are deferred and amortized to interest expense over the contractual term of the notes. Such amounts are presented as a reduction of the carrying amount of the related debt within long-term debt, net, in the consolidated balance sheets.
Recently Issued and Applicable Accounting Pronouncements (Issued and Not Yet Adopted) (Issued and Adopted)	Recently Issued and Applicable Accounting Pronouncements (Issued and Not Yet Adopted) In November 2024, the FASB issued ASU 2024-03, "Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses" ("ASU 2024-03"), which requires enhanced disclosure about specific types of expenses included in the expense captions presented on the face of the consolidated statement of operations as well as disclosures about selling expenses. ASU 2024-03 is effective for annual periods beginning after December 15, 2026 and interim periods beginning after December 15, 2027, with early adoption permitted. The Company is currently assessing the effect that ASU 2024-03 will have on its disclosures. Recently Issued and Applicable Accounting Pronouncements (Issued and Adopted) The FASB issued ASU 2016-13, “Financial Instruments — Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” which replaced the “incurred loss” methodology for recognizing credit losses with an “expected loss” methodology. This new methodology requires that a financial asset measured at amortized cost be presented at the net amount expected to be collected. This standard is intended to provide more timely decision-useful information about the expected credit losses on financial instruments. The adoption of this guidance on January 1, 2023 did not have a material impact on the Company’s consolidated financial statements or related disclosures. Revenue receivable is the primary financial asset that is within the scope of the new guidance. A loss-rate method is applied to the receivables to estimate credit losses. The Company recognized a tax effected $0.1 million non-cash cumulative effect adjustment to retained earnings on its opening consolidated balance sheet at January 1, 2023 to record an allowance for expected credit losses associated with the Company’s revenue receivable. In December 2023, the FASB issued ASU 2023-09, "Improvements to Income Tax Disclosures" ("ASU 2023-09") which requires disaggregated information about a reporting entity’s effective tax rate reconciliation as well as information on income taxes paid. The standard is intended to benefit investors by providing more detailed income tax disclosures that would be useful in making capital allocation decisions. ASU 2023-09 was effective for annual periods beginning after December 15, 2024, with early adoption permitted. The Company adopted this accounting standard beginning in this Annual Report on Form 10-K. See Note 7 for enhanced income tax disclosures resulting from the adoption of ASU 2023-09.

Insider Trading Policies and Procedures	12 Months Ended
Insider Trading Policies and Procedures	Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Related Party Transactions	12 Months Ended
Related Party Transactions	Dec. 31, 2025
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions On the Closing Date of the Business Combination, Grey Rock Administration, LLC (the “Manager”) entered into a Management Services Agreement with Granite Ridge (the “MSA”). Under the MSA, the Manager provides general management, administrative, and operating services covering the oil and gas assets and other properties of the Company and other day-to-day business and affairs of the Company. In accordance with the MSA, the Company pays the Manager an annual services fee of $10.0 million and reimburses the Manager for certain Granite Ridge group costs related to the operation of the Company’s assets (including for third party costs allocated or attributable to the assets of the Company). The initial term of the MSA expires on April 30, 2028; however, the MSA will automatically renew for additional consecutive one-year renewal terms until terminated in accordance with its terms. Upon any termination of the MSA, the Manager shall provide transition services for a period of up to 90 days. For each of the years ended December 31, 2025, 2024 and 2023, service fees for the Company under the MSA were approximately $10.0 million. On December 10, 2025, the Company entered into Amendment No. 1 to the Management Services Agreement, which amended the Company’s existing MSA with the Manager ("Amendment No. 1"). Amendment No. 1, among other things, (a) extended the initial term from April 30, 2028 to April 30, 2031 and (b) increased the Services Fee (as defined in MSA) from $10.0 million to $11.75 million effective January 1, 2026, provided for annual CPI-based adjustments beginning January 1, 2027 and delegated to management the authority to increase the Services Fee up to a maximum total of $12.5 million. Other than the foregoing, the material terms of the existing MSA remain unchanged. On December 12, 2025, Granite Ridge Ventures, LLC, a Delaware limited liability company and wholly owned subsidiary of the Company, entered into a power capacity contract with a portfolio company of funds managed by affiliates of Grey Rock Investment Partners ("Conduit Bravo"). A third party entered into a transaction with Conduit Bravo on substantially similar terms and at a substantially similar time to this transaction. During the year ended December 31, 2024, the Company divested of partial interests in certain unproved oil and natural gas properties to an affiliate of the Manager for consideration of $7.5 million. No gain or loss was recognized on the sale.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-5

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-6

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(e))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/850/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

+ Details

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
Cybersecurity Risk Management and Strategy Disclosure	Dec. 31, 2025
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	Risk Management and Strategy We recognize the importance of implementing and maintaining measures to safeguard our information and operational technology systems and data. We and the Manager have entered into agreements with third parties for hardware, software, telecommunications and other information technology services in connection with our business. In addition, we and the Manager have developed or may develop proprietary software systems, management techniques and other information and operational technologies incorporating software licensed from third parties. The Company integrates cybersecurity risks into its overall enterprise risk management program. Pursuant to the MSA, the Manager provides us with back-office services, including services for the management of our data and cybersecurity risk. Together with the Manager, we seek to assess, identify, and manage cybersecurity risks with the help of independent cybersecurity services as follows: (i) we have a multi-layered system designed to protect and monitor data and cybersecurity risk, which includes the use of firewalls and protection software, and an independent cybersecurity vendor regularly assesses our cybersecurity safeguards and updates our cybersecurity infrastructure, procedures, policies, and education programs, as appropriate; (ii) we have monitoring and detection systems designed to identify cybersecurity incidents, and we have an incident response plan designed to provide action to contain cybersecurity incidents, mitigate their impact, and restore our normal operations; (iii) we require our employees and contractors to receive annual cybersecurity awareness training and incident response plan training; and (iv) we have access controls designed to provide users of the systems containing our data with access consistent with the principle of least privilege, which requires that users be given no more access than necessary to complete their job functions. We and the Manager engage an independent cybersecurity vendor to review, assess, and make recommendations regarding our information security program and information technology strategic plan. We recognize that third-party service providers introduce cybersecurity risks. In an effort to mitigate these risks, before engaging with any third-party cybersecurity service provider, we conduct due diligence to evaluate their cybersecurity capabilities. Additionally, we endeavor to require third-party service providers with access to personally identifiable information to adhere to our security standards and protocols. Impact of Risks from Cybersecurity Threats As of the date of this Annual Report, though the Company and our service providers have experienced certain cybersecurity incidents, we are not aware of any risks from cybersecurity threats or incidents that have materially affected or are reasonably likely to materially affect the Company, including our business strategy, results of operations, or financial condition. However, we acknowledge that cybersecurity threats are continually evolving, and the possibility of future cybersecurity incidents remains. Despite the implementation of our cybersecurity processes, our security measures cannot guarantee that a significant cyberattack will not occur. A successful attack on our or our operators’ information or operational technology systems could have significant consequences to the business. While we devote resources to our security measures to protect our systems and information, these measures cannot provide absolute security. No security measure is infallible. See Item 1A. “Risk Factors” for additional information about the risks to our business associated with a breach or compromise to our or our operators’ information and operational technology systems.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	The Company integrates cybersecurity risks into its overall enterprise risk management program.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	Board of Directors’ Oversight and Management’s Role The Board of Directors has primary oversight of risks from cybersecurity threats and recognizes the importance of cybersecurity to the success and resilience of our business. The Board of Directors delegates oversight of our enterprise risk management process, including review of cybersecurity and data protection and compliance with cybersecurity policies, to the Audit Committee. An employee of the Manager is responsible for day to day oversight of our cybersecurity risks and management of our cybersecurity vendor, and that employee escalates cybersecurity risks to the Audit Committee or the Board as appropriate. Company management, including our Chief Financial Officer, meets as needed with relevant employees of the Manager, who collectively have over ten years of experience in managing cybersecurity related issues on behalf of the Manager, to discuss cybersecurity risks and incident trends and escalate them, as appropriate, to the Audit Committee.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	The Board of Directors delegates oversight of our enterprise risk management process, including review of cybersecurity and data protection and compliance with cybersecurity policies, to the Audit Committee.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	An employee of the Manager is responsible for day to day oversight of our cybersecurity risks and management of our cybersecurity vendor, and that employee escalates cybersecurity risks to the Audit Committee or the Board as appropriate.
Cybersecurity Risk Role of Management [Text Block]	Company management, including our Chief Financial Officer, meets as needed with relevant employees of the Manager, who collectively have over ten years of experience in managing cybersecurity related issues on behalf of the Manager, to discuss cybersecurity risks and incident trends and escalate them, as appropriate, to the Audit Committee.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	The Board of Directors delegates oversight of our enterprise risk management process, including review of cybersecurity and data protection and compliance with cybersecurity policies, to the Audit Committee.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	Company management, including our Chief Financial Officer, meets as needed with relevant employees of the Manager, who collectively have over ten years of experience in managing cybersecurity related issues on behalf of the Manager, to discuss cybersecurity risks and incident trends and escalate them, as appropriate, to the Audit Committee.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	An employee of the Manager is responsible for day to day oversight of our cybersecurity risks and management of our cybersecurity vendor, and that employee escalates cybersecurity risks to the Audit Committee or the Board as appropriate.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Revenues:
Oil and natural gas sales	$ 450,306	$ 380,030	$ 394,069
Operating costs and expenses:
Lease operating expenses	84,903	57,461	60,521
Production and ad valorem taxes	27,554	26,007	27,707
Depletion and accretion expense	215,701	176,529	160,662
Impairments of long-lived assets	44,654	36,369	26,496
General and administrative	31,009	24,649	27,920
Other, net	65	(241)	176
Total operating costs and expenses	403,886	320,774	303,482
Net operating income	46,420	59,256	90,587
Other income (expense):
Gain (loss) on derivatives - commodity derivatives	27,121	(908)	25,544
Interest expense, net	(25,500)	(18,470)	(5,315)
Loss on derivatives - common stock warrants	0	0	(5,742)
Gain (loss) on equity investments	(15,833)	(15,183)	508
Other income (expense)	(94)	271	0
Total other income (expense)	(14,306)	(34,290)	14,995
Income before income taxes	32,114	24,966	105,582
Income tax expense	7,761	6,207	24,483
Net income	$ 24,353	$ 18,759	$ 81,099
Net income per share:
Basic (in dollars per share)	$ 0.18	$ 0.14	$ 0.61
Diluted (in dollars per share)	$ 0.18	$ 0.14	$ 0.61
Weighted-average number of shares outstanding:
Basic (in shares)	130,439	130,189	133,093
Diluted (in shares)	130,501	130,227	133,109

Stock Incentive Plan - Schedule of Restricted Stock Award Activity (Details) - Restricted Stock Awards - $ / shares	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Restricted Stock Awards
Beginning balance (in shares)	518,048
Awards granted (in shares)	625,527
Awards canceled/forfeited (in shares)	(114,708)
Awards vested (in shares)	(253,220)
Ending balance (in shares)	775,647	518,048
Weighted Average Grant Date Fair Value Per Share
Beginning balance (in dollars per share)	$ 5.85	$ 5.77
Awards granted (in dollars per share)	5.86	6.07	$ 5.72
Awards canceled/forfeited (in dollars per share)	5.71
Awards vested (in dollars per share)	5.78
Ending balance (in dollars per share)	$ 5.85	$ 5.77

Earnings Per Share - Schedule of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income	$ 24,353	$ 18,759	$ 81,099
Participating basic earnings	(297)	(211)	(152)
Basic earnings attributable to common stockholders	24,056	18,548	80,947
Reallocation of participating earnings	0	0	0
Diluted earnings attributable to common stockholders	$ 24,056	$ 18,548	$ 80,947
Weighted average common shares outstanding:
Weighted average common shares outstanding – basic (in shares)	130,439	130,189	133,093
Weighted average common shares outstanding – diluted (in shares)	130,501	130,227	133,109
Net income per common share:
Basic (in dollars per share)	$ 0.18	$ 0.14	$ 0.61
Diluted (in dollars per share)	$ 0.18	$ 0.14	$ 0.61
Performance Stock Units
Weighted average common shares outstanding:
Dilutive performance stock units, stock options and vesting shares (in shares)	59	29	10
Stock Options
Weighted average common shares outstanding:
Dilutive performance stock units, stock options and vesting shares (in shares)	3	9	6

Asset Retirement Obligations (Tables)

12 Months Ended

Dec. 31, 2025

Asset Retirement Obligation Disclosure [Abstract]

Schedule of Changes in the Asset Retirement Obligations

The following table presents the changes in the asset retirement obligations during the years ended December 31, 2025, 2024 and 2023:


	Year Ended December 31,
(in thousands)	2025		2024		2023
Asset retirement obligations, beginning of year	$	10,921	$	9,874	$	4,963
Liabilities incurred during the period	1,092		760		2,370
Revision of estimates(1)	—		—		2,596
Accretion expense	920		791		441
Disposals or settlements	(213)		(504)		(496)
Asset retirement obligations, end of year	$	12,720	$	10,921	$	9,874
Less current portion of asset retirement obligations	752		228		483
Asset retirement obligations, long-term	$	11,968	$	10,693	$	9,391

__________________________________________

(1)Revisions in estimated liabilities during 2023 relate primarily to changes in estimated well lives

Related Party Transactions (Details) - USD ($) $ in Thousands			12 Months Ended
	Dec. 10, 2025	Dec. 09, 2025	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Related party transactions
Proceeds from the disposal of oil and natural gas properties			$ 175	$ 13,995	$ 60
Related Party \| Grey Rock Administration, LLC (the Manager)
Related party transactions
Annual service fee	$ 11,750	$ 10,000	$ 10,000
Oil and gas management agreement, renewal term			1 year
Oil and gas management agreement, transition services term			90 days
Management service fees			$ 10,000	10,000	$ 10,000
Related Party \| Grey Rock Administration, LLC (the Manager) \| Maximum
Related party transactions
Management service fees	$ 12,500
Related Party \| Affiliate of the "Manager"
Related party transactions
Proceeds from the disposal of oil and natural gas properties				7,500
Gain (loss) on disposition of unproved property				$ 0

Fair Value Measurements - Schedule of Carrying Amounts and Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Carrying Value
Assets:
Derivative instruments - commodity derivatives	$ 17,721	$ 537
Equity investments	10,960	31,783
Liabilities:
Derivative instruments - commodity derivatives	24	5,501
Carrying Value \| Revolving credit facilities
Liabilities:
Revolving credit facilities and 2029 Senior Notes	50,000	205,000
Carrying Value \| Senior Notes \| 2029 Senior Notes
Liabilities:
Revolving credit facilities and 2029 Senior Notes	335,332	0
Fair Value
Assets:
Derivative instruments - commodity derivatives	17,721	537
Equity investments	10,960	31,783
Liabilities:
Derivative instruments - commodity derivatives	24	5,501
Fair Value \| Revolving credit facilities
Liabilities:
Revolving credit facilities and 2029 Senior Notes	50,000	205,000
Fair Value \| Senior Notes \| 2029 Senior Notes
Liabilities:
Revolving credit facilities and 2029 Senior Notes	$ 348,373	$ 0

Debt - Schedule of Long-Term Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Debt Instrument [Line Items]
Total debt	$ 400,000	$ 205,000
Less: Current portion of outstanding long-term debt	17,500	0
Total long-term debt	382,500	205,000
Less: Unamortized debt issuance costs on Senior Notes	(1,214)	0
Less: Unamortized debt discount	(13,454)	0
Long-term debt, net	367,832	205,000
Credit Facility
Debt Instrument [Line Items]
Total debt	50,000	205,000
Senior Notes \| Senior Notes due 2029
Debt Instrument [Line Items]
Total debt	350,000	$ 0
Less: Current portion of outstanding long-term debt	$ 17,500

Accounts Payable and Accrued Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Payables and Accruals [Abstract]
Accrued capital expenditures	$ 38,174	$ 62,346
Accounts and JIB payable	21,331	26,438
Accrued production costs	13,167	7,646
Other	4,175	3,010
Total accounts payable and accrued liabilities	$ 76,847	$ 99,440

Stock Incentive Plan

12 Months Ended

Dec. 31, 2025

Share-Based Payment Arrangement [Abstract]

Stock Incentive Plan

The Granite Ridge Resources, Inc. 2022 Omnibus Incentive Plan (the “Plan”) provides the Company the ability to grant, among other award types, stock options, restricted stock awards, and PSUs to directors, officers, employees and consultants or advisors employed by or providing service to the Company. The maximum number of shares of common stock that may be issued under the Plan is 6.5 million shares. As of December 31, 2025, the Company had 3.8 million shares of common stock remaining available for future awards under the Plan. Shares issued as a result of awards granted under the Plan are generally new common shares.

Stock-based compensation expense is recognized net of forfeitures within general and administrative expenses on the consolidated statements of operations. The Company has elected to account for forfeitures of stock-based compensation awards as they occur in determining compensation expense. The stock-based compensation expense is presented below for the indicated periods:


	Year Ended December 31,
(in thousands)	2025		2024		2023
Stock-based compensation expense
Restricted Stock Awards	$	1,928	$	1,872	$	1,081
Performance Stock Units	1,664		210		47
Stock Options	89		216		234
Other Awards	75		—		800
Total stock-based compensation expense	$	3,756	$	2,298	$	2,162

Restricted Stock Awards - The Company grants service-based restricted stock awards to certain of its employees and consultants, which generally vest ratably over a period of three years or cliff vest at the end of five years, and to non-employee directors, which vest in full after one year. Restricted stock awards are valued at the closing price of the Company's common stock on the date of grant. All restricted shares are legally issued and outstanding. If an employee terminates employment prior to the restriction lapse date, the awarded shares are forfeited and canceled and are no longer considered issued and outstanding. For restricted stock awards granted prior to March 2025, the holders of such unvested restricted stock awards have voting rights and the right to receive dividends. For restricted stock awards granted in March 2025 and thereafter, the holders of such unvested restricted stock awards do not have voting rights but do have the right to receive dividends. The Company recognizes compensation expense utilizing graded vesting whereby compensation expense is recognized over the service period for each separately vesting tranche.

The following table presents the Company's restricted stock award activity during the year ended December 31, 2025.


	Restricted Stock Awards	Weighted Average Grant Date Fair Value Per Share
Unvested at December 31, 2024	518,048	$	5.77
Awards granted	625,527	$	5.86
Awards canceled/forfeited	(114,708)	$	5.71
Awards vested	(253,220)	$	5.78
Unvested at December 31, 2025	775,647	$	5.85

The weighted average grant date fair values of the restricted stock awards granted during the years ended December 31, 2024 and 2023 were $6.07 and $5.72 per share, respectively. The aggregate fair value of restricted stock awards that vested

was $1.5 million and $1.0 million during the years ended December 31, 2025 and 2024, respectively. There were no restricted stock awards that vested during the year ended December 31, 2023. As of December 31, 2025, the Company's unrecognized compensation cost related to unvested restricted stock was $2.1 million, which is expected to be recognized over a weighted average period of 1.6 years.

PSUs - The Company grants PSUs to certain of its officers under the Plan. PSUs represent the contingent right to receive shares of the Company's common stock once the PSU is vested and earned. PSUs, other than those granted during the three months ended June 30, 2025, cliff vest at the end of three years, generally subject to continued employment through the performance period. The total number of shares eligible to be earned may range from zero to 200% of the target number of PSUs granted, determined based upon achievement of certain “financial performance” and “market performance” criteria for the Company and individual performance criteria for the officers awarded PSUs. Financial performance is based on the Company’s financial performance at the end of the applicable performance period, while market performance is based on the relative standing of total shareholder return ("TSR") achieved by the Company compared to the TSR achieved by a predetermined group of peer companies at the end of the applicable performance period. Individual performance criteria is based on the officer's performance relative to individual performance goals at the end of the performance period. The Company utilizes the Monte Carlo simulation method to determine the fair value of the PSUs based on market performance, while PSUs based on financial performance are valued using the closing price of the Company's common stock on the date of grant.

During the second quarter of 2025, the Company granted 644,330 PSUs to certain of its officers under the Plan. These PSUs are eligible to vest, generally subject to continued employment, upon the satisfaction of certain stock price thresholds during the performance period, which ends on December 31, 2032. Each such PSU is earned based on whether the Company's stock price achieves a target average stock price for any 20 consecutive trading days during the performance period. If the stock price thresholds are not met by the end of the performance period, the PSUs will be forfeited and no shares of common stock will be issued. Compensation expense for these awards is based on the grant date fair market value of the award, calculated using a Monte Carlo simulation, and such costs are recorded on a straight-line basis over the derived requisite service period for each separately vesting portion of the award, as if the award was, in-substance, multiple awards, as applicable.

The following table presents the Company's PSU activity for the year ended December 31, 2025.


	Performance Stock Units	Weighted Average Grant Date Fair Value Per Share
Outstanding at December 31, 2024	97,532	$	7.10
Awards granted	720,980	$	5.38
Awards canceled/forfeited	(99,105)	$	6.98
Outstanding at December 31, 2025	719,407	$	6.02

As of December 31, 2025, the Company's unrecognized compensation cost related to unvested performance stock units was $2.0 million, which is expected to be recognized over a weighted average period of 0.6 years.

The following table presents a summary of the assumptions utilized to estimate the fair value of the PSUs based on market performance granted during the periods presented.


	Year Ended December 31,
	2025	2024	2023
Risk-free interest rate	4%	4%	4%
Volatility	48%	40%	59%
Expected term	2.82 years	2.82 years	2.78 years

Stock Options - The Company grants stock options to certain of its officers under the Plan. The Company’s outstanding stock options expire 10 years following the date of grant. Pursuant to the stock options granted under the Plan, 33% of the options vest immediately with an additional 33% to vest on each of the next two anniversaries of the date of the grant, generally subject to continued employment through each such vesting date.

The following table presents the Company's stock option activity for the year ended December 31, 2025.


	Stock Options	Weighted Average Exercise Price Per Share		Aggregate intrinsic value
				(in thousands)
Outstanding at December 31, 2024	526,483	$	7.84
Options granted	110,257	$	5.61
Options canceled/forfeited	(68,777)	$	5.78
Options exercised	—	$	—
Options expired	(269,505)	$	7.76
Outstanding at December 31, 2025	298,458	$	7.56	$	—
Options exercisable at December 31, 2025	248,939	$	7.91	$	—

The fair value of each stock option award is estimated on the date of grant. For stock options granted at-the-money, grant date fair value is estimated using the Black-Scholes pricing model. As these options represent plain vanilla options and the Company did not have historical exercise detail, the expected term for these options was estimated using the simplified method allowed under Staff Accounting Bulletin Topic 14.D.2, which is the average of the weighted average vesting term and time to expiration as of the grant date. For stock options granted with an exercise price higher than the stock price at the date of grant, grant date fair value is estimated using a lattice-based option valuation model that incorporates a range of assumptions. Expected volatilities were based on historical volatilities of the Company's stock and other factors. The expected term was derived from the output of the option valuation model and represents the period of time that options granted are expected to be outstanding. The weighted average fair value of stock options on the date of the grant during the years ended December 31, 2025, 2024 and 2023 was $1.21, $1.38, and $0.82 per share, respectively. As of December 31, 2025, the weighted average remaining terms on the outstanding options and the exercisable options was 7.8 years and 7.5 years, respectively.

The following table presents a summary of the assumptions utilized to estimate the fair value of the stock option awards granted during the periods presented.


	Year Ended December 31,
	2025	2024	2023
Risk-free interest rate	4%	4%	3.5% - 3.7%
Volatility	44%	44%	56% - 59%
Expected term	5.53 years	5.53 years	5.5 - 7.8 years
Dividend yield	7.8%	7.3%	8.8%

Other Awards - During the year ended December 31, 2025, the Company issued 13,482 common shares to a director in lieu of cash compensation. During 2023, the Company issued 94,007 fully vested stock awards to certain of its employees and consultants under the Plan. The weighted average grant date fair value of these awards in 2023 was $8.51.

Future stock-based compensation expense - The following table reflects the future stock-based compensation expense to be recorded for all the stock-based compensation awards that were outstanding at December 31, 2025:


(in thousands)	Restricted Stock Awards		Performance Stock Units		Stock Options
2026	$	982	$	1,604	$	15
2027	495		364		2
2028	286		—		—
2029	256		—		—
2030	114		—		—
Total	$	2,133	$	1,968	$	17

Derivative Financial Instruments - Schedule of Volume of Derivative Settlement Activity (Details)	Dec. 31, 2025 bbl Mcf $ / bbl $ / Mcf
Collar Oil Contract, 2026 \| First Quarter
Derivative instruments
Volume (Bbl, Mcf) \| bbl	733,085
Collar Oil Contract, 2026 \| Second Quarter
Derivative instruments
Volume (Bbl, Mcf) \| bbl	635,310
Collar Oil Contract, 2026 \| Third Quarter
Derivative instruments
Volume (Bbl, Mcf) \| bbl	569,332
Collar Oil Contract, 2026 \| Fourth Quarter
Derivative instruments
Volume (Bbl, Mcf) \| bbl	499,485
Collar Oil Contract, 2026 \| 2026
Derivative instruments
Volume (Bbl, Mcf) \| bbl	2,437,212
Collar Oil Contract, 2026 \| Weighted-average floor price \| First Quarter
Derivative instruments
Weighted-average floor price ($/Mcf) \| $ / bbl	58.73
Collar Oil Contract, 2026 \| Weighted-average floor price \| Second Quarter
Derivative instruments
Weighted-average floor price ($/Mcf) \| $ / bbl	58.93
Collar Oil Contract, 2026 \| Weighted-average floor price \| Third Quarter
Derivative instruments
Weighted-average floor price ($/Mcf) \| $ / bbl	59.05
Collar Oil Contract, 2026 \| Weighted-average floor price \| Fourth Quarter
Derivative instruments
Weighted-average floor price ($/Mcf) \| $ / bbl	59.36
Collar Oil Contract, 2026 \| Weighted-average floor price \| 2026
Derivative instruments
Weighted-average floor price ($/Mcf) \| $ / bbl	58.99
Collar Oil Contract, 2026 \| Weighted-average ceiling price \| First Quarter
Derivative instruments
Weighted-average ceiling price ($/Mcf) \| $ / bbl	70.11
Collar Oil Contract, 2026 \| Weighted-average ceiling price \| Second Quarter
Derivative instruments
Weighted-average ceiling price ($/Mcf) \| $ / bbl	69.51
Collar Oil Contract, 2026 \| Weighted-average ceiling price \| Third Quarter
Derivative instruments
Weighted-average ceiling price ($/Mcf) \| $ / bbl	70.06
Collar Oil Contract, 2026 \| Weighted-average ceiling price \| Fourth Quarter
Derivative instruments
Weighted-average ceiling price ($/Mcf) \| $ / bbl	69.32
Collar Oil Contract, 2026 \| Weighted-average ceiling price \| 2026
Derivative instruments
Weighted-average ceiling price ($/Mcf) \| $ / bbl	69.78
Collar Oil Contract, 2027 \| 2027
Derivative instruments
Volume (Bbl, Mcf) \| bbl	961,153
Collar Oil Contract, 2027 \| Weighted-average floor price \| 2027
Derivative instruments
Weighted-average floor price ($/Mcf) \| $ / bbl	52.50
Collar Oil Contract, 2027 \| Weighted-average ceiling price \| 2027
Derivative instruments
Weighted-average ceiling price ($/Mcf) \| $ / bbl	74.24
Swaps Oil Contract, 2026 \| First Quarter
Derivative instruments
Volume (Bbl, Mcf) \| bbl	134,684
Swaps Oil Contract, 2026 \| Second Quarter
Derivative instruments
Volume (Bbl, Mcf) \| bbl	95,082
Swaps Oil Contract, 2026 \| Third Quarter
Derivative instruments
Volume (Bbl, Mcf) \| bbl	73,484
Swaps Oil Contract, 2026 \| Fourth Quarter
Derivative instruments
Volume (Bbl, Mcf) \| bbl	53,974
Swaps Oil Contract, 2026 \| 2026
Derivative instruments
Volume (Bbl, Mcf) \| bbl	357,224
Swaps Oil Contract, 2026 \| Weighted-average price \| First Quarter
Derivative instruments
Weighted-average price \| $ / bbl	60.41
Swaps Oil Contract, 2026 \| Weighted-average price \| Second Quarter
Derivative instruments
Weighted-average price \| $ / bbl	60.33
Swaps Oil Contract, 2026 \| Weighted-average price \| Third Quarter
Derivative instruments
Weighted-average price \| $ / bbl	60.27
Swaps Oil Contract, 2026 \| Weighted-average price \| Fourth Quarter
Derivative instruments
Weighted-average price \| $ / bbl	60.24
Swaps Oil Contract, 2026 \| Weighted-average price \| 2026
Derivative instruments
Weighted-average price \| $ / bbl	60.33
Swaps Oil Contract, 2027 \| 2027
Derivative instruments
Volume (Bbl, Mcf) \| bbl	452,936
Swaps Oil Contract, 2027 \| Weighted-average price \| 2027
Derivative instruments
Weighted-average price \| $ / bbl	60.21
Collar Natural Gas Contract, 2026 \| First Quarter
Derivative instruments
Volume (Bbl, Mcf) \| Mcf	5,975,838
Collar Natural Gas Contract, 2026 \| Second Quarter
Derivative instruments
Volume (Bbl, Mcf) \| Mcf	1,851,019
Collar Natural Gas Contract, 2026 \| Third Quarter
Derivative instruments
Volume (Bbl, Mcf) \| Mcf	1,727,756
Collar Natural Gas Contract, 2026 \| Fourth Quarter
Derivative instruments
Volume (Bbl, Mcf) \| Mcf	3,230,997
Collar Natural Gas Contract, 2026 \| 2026
Derivative instruments
Volume (Bbl, Mcf) \| Mcf	12,785,610
Collar Natural Gas Contract, 2026 \| Weighted-average floor price \| First Quarter
Derivative instruments
Weighted-average floor price ($/Mcf) \| $ / Mcf	3.60
Collar Natural Gas Contract, 2026 \| Weighted-average floor price \| Second Quarter
Derivative instruments
Weighted-average floor price ($/Mcf) \| $ / Mcf	3.25
Collar Natural Gas Contract, 2026 \| Weighted-average floor price \| Third Quarter
Derivative instruments
Weighted-average floor price ($/Mcf) \| $ / Mcf	3.25
Collar Natural Gas Contract, 2026 \| Weighted-average floor price \| Fourth Quarter
Derivative instruments
Weighted-average floor price ($/Mcf) \| $ / Mcf	3.59
Collar Natural Gas Contract, 2026 \| Weighted-average floor price \| 2026
Derivative instruments
Weighted-average floor price ($/Mcf) \| $ / Mcf	3.50
Collar Natural Gas Contract, 2026 \| Weighted-average ceiling price \| First Quarter
Derivative instruments
Weighted-average ceiling price ($/Mcf) \| $ / Mcf	4.52
Collar Natural Gas Contract, 2026 \| Weighted-average ceiling price \| Second Quarter
Derivative instruments
Weighted-average ceiling price ($/Mcf) \| $ / Mcf	4.00
Collar Natural Gas Contract, 2026 \| Weighted-average ceiling price \| Third Quarter
Derivative instruments
Weighted-average ceiling price ($/Mcf) \| $ / Mcf	4.00
Collar Natural Gas Contract, 2026 \| Weighted-average ceiling price \| Fourth Quarter
Derivative instruments
Weighted-average ceiling price ($/Mcf) \| $ / Mcf	4.38
Collar Natural Gas Contract, 2026 \| Weighted-average ceiling price \| 2026
Derivative instruments
Weighted-average ceiling price ($/Mcf) \| $ / Mcf	4.34
Collar Natural Gas Contract, 2027 \| 2027
Derivative instruments
Volume (Bbl, Mcf) \| Mcf	3,641,341
Collar Natural Gas Contract, 2027 \| Weighted-average floor price \| 2027
Derivative instruments
Weighted-average floor price ($/Mcf) \| $ / Mcf	3.99
Collar Natural Gas Contract, 2027 \| Weighted-average ceiling price \| 2027
Derivative instruments
Weighted-average ceiling price ($/Mcf) \| $ / Mcf	5.13
Swaps Natural Gas Contract, 2026 Total \| First Quarter
Derivative instruments
Volume (Bbl, Mcf) \| Mcf	0
Swaps Natural Gas Contract, 2026 Total \| Second Quarter
Derivative instruments
Volume (Bbl, Mcf) \| Mcf	3,371,156
Swaps Natural Gas Contract, 2026 Total \| Third Quarter
Derivative instruments
Volume (Bbl, Mcf) \| Mcf	2,962,512
Swaps Natural Gas Contract, 2026 Total \| Fourth Quarter
Derivative instruments
Volume (Bbl, Mcf) \| Mcf	918,480
Swaps Natural Gas Contract, 2026 Total \| 2026
Derivative instruments
Volume (Bbl, Mcf) \| Mcf	7,252,148
Swaps Natural Gas Contract, 2026 Total \| Weighted-average price \| First Quarter
Derivative instruments
Weighted-average price \| $ / Mcf	0
Swaps Natural Gas Contract, 2026 Total \| Weighted-average price \| Second Quarter
Derivative instruments
Weighted-average price \| $ / Mcf	3.73
Swaps Natural Gas Contract, 2026 Total \| Weighted-average price \| Third Quarter
Derivative instruments
Weighted-average price \| $ / Mcf	3.73
Swaps Natural Gas Contract, 2026 Total \| Weighted-average price \| Fourth Quarter
Derivative instruments
Weighted-average price \| $ / Mcf	3.73
Swaps Natural Gas Contract, 2026 Total \| Weighted-average price \| 2026
Derivative instruments
Weighted-average price \| $ / Mcf	3.73
Swaps Natural Gas Contract, 2027 Total \| 2027
Derivative instruments
Volume (Bbl, Mcf) \| Mcf	7,093,928
Swaps Natural Gas Contract, 2027 Total \| Weighted-average price \| 2027
Derivative instruments
Weighted-average price \| $ / Mcf	3.64