| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 | Dec'16 | Sep'16 | Jun'16 | Mar'16 | Dec'15 | Sep'15 | Jun'15 | Mar'15 | Dec'14 | Sep'14 | Jun'14 | Mar'14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | ||||||||||||||||||||||||
Net income (loss) | ||||||||||||||||||||||||
76,112 | 40,017 | 70,247 | 95,087 | 9,017 | 164,138 | 60,775 | 28,690 | 41,957 | 19,360 | 22,036 | 54,174 | 61,583 | -7,286 | 37,535 | -20,810 | 10,749 | -49,730 | 53,892 | -122,766 | 17,299 | -20,713 | 57,905 | 62,111 | 69,884 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||||||||||||||||||||||||
Depreciation, depletion, and amortization | ||||||||||||||||||||||||
23,182 | 24,651 | 27,375 | 29,725 | 27,833 | 34,518 | 29,273 | 30,292 | 28,570 | 30,051 | 29,204 | 28,900 | 26,379 | 22,833 | 28,731 | 29,202 | 21,721 | 20,884 | 23,288 | 32,235 | 27,891 | 27,904 | 37,065 | 23,859 | 23,134 |
Impairment of oil and natural gas properties | ||||||||||||||||||||||||
51,000 | - | - | - | 0 | - | - | - | - | - | - | - | - | 0 | 0 | 679 | 6,096 | 92,886 | 24,854 | 118,362 | 13,467 | - | - | - | - |
Accretion of asset retirement obligations | ||||||||||||||||||||||||
272 | 288 | 275 | 277 | 277 | 283 | 278 | 273 | 269 | 266 | 260 | 253 | 247 | 212 | 206 | 200 | 274 | 270 | 265 | 269 | 271 | 617 | 148 | 148 | 147 |
Amortization of deferred charges | ||||||||||||||||||||||||
260 | 262 | 263 | 259 | 257 | 252 | 231 | 217 | 205 | 216 | 225 | 221 | 215 | 277 | 200 | 197 | 197 | 211 | 242 | 241 | 241 | 239 | 243 | 242 | 241 |
(Gain) loss on commodity derivative instruments | ||||||||||||||||||||||||
90,011 | -17,249 | 24,290 | 29,187 | -41,183 | 83,025 | -18,514 | -33,347 | -16,333 | -8,485 | -9,341 | 22,003 | 22,725 | -24,169 | 7,812 | -30,733 | 10,626 | 32,838 | 56,430 | -18,627 | 19,647 | 36,997 | 8,682 | -2,348 | -5,995 |
Net cash (paid) received on settlement of commodity derivative instruments | ||||||||||||||||||||||||
-8,954 | -9,542 | -13,646 | -2,931 | -1,743 | 17,774 | 9,796 | 6,290 | 4,375 | -2,872 | -4,980 | -3,081 | -4,278 | -5,569 | -5,302 | -13,337 | -20,581 | -16,693 | -12,377 | -16,705 | -17,450 | -1,422 | 426 | 859 | 2,084 |
Equity-based compensation | ||||||||||||||||||||||||
-2,894 | 3,578 | 3,867 | 3,816 | 9,223 | 5,187 | 9,597 | 9,124 | 6,226 | 14,430 | 7,675 | 6,278 | 4,661 | 10,018 | 7,981 | 19,239 | 5,900 | 4,948 | 5,690 | 6,119 | 1,243 | 3,888 | 1,798 | 2,155 | 3,499 |
Exploratory dry hole expense | ||||||||||||||||||||||||
0 | 0 | 0 | -1 | 4 | 1 | 41 | 6,743 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
(Gain) loss on sale of assets, net | ||||||||||||||||||||||||
- | - | - | - | - | 1 | 0 | 0 | 2 | 0 | 0 | 7 | 924 | 21 | 0 | 92 | 4,680 | 4,853 | -4 | 17 | 7 | - | - | - | - |
Changes in operating assets and liabilities: | ||||||||||||||||||||||||
Accounts receivable | ||||||||||||||||||||||||
-19,693 | -6,590 | -11,242 | -7,472 | -9,740 | 1,542 | 12,074 | 6,064 | 11,851 | 5,375 | -3,609 | -2,250 | 6,568 | 6,615 | 16,559 | 3,546 | 3,039 | -11,101 | -2,604 | 3,417 | -23,298 | -17,343 | -14,149 | -2,600 | 16,882 |
Prepaid expenses and other current assets | ||||||||||||||||||||||||
827 | -304 | -505 | 435 | 541 | -203 | -435 | 168 | 260 | -57 | -495 | 644 | 85 | -682 | -141 | 807 | 196 | -548 | -459 | 547 | 365 | -4,631 | -2,068 | 5,913 | 333 |
Accounts payable, accrued liabilities, and other | ||||||||||||||||||||||||
-14,269 | 3,981 | 2,233 | 1,117 | -8,522 | -7,041 | 15,689 | 3,391 | -565 | -61 | -5,299 | 2,753 | -3,064 | 5,164 | 2,796 | -11,045 | -20,814 | 7,547 | 5,947 | 4,347 | -6,620 | 1,630 | 8,277 | 5,010 | -6,914 |
Deferred revenue | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | -396 | 424 | -203 | -76 | -94 | -386 | -104 | -73 | 0 | 0 | -2,516 |
Settlement of asset retirement obligations | ||||||||||||||||||||||||
-53 | -52 | -29 | -259 | -40 | -21 | -51 | -24 | -33 | -115 | -24 | -46 | -43 | -80 | -110 | -73 | -54 | -21 | -17 | -47 | -58 | -126 | -7 | -4 | -8 |
NET CASH PROVIDED BY OPERATING ACTIVITIES | ||||||||||||||||||||||||
71,450 | 106,410 | 105,334 | 110,802 | 90,174 | 95,659 | 113,393 | 99,852 | 76,474 | 70,186 | 72,502 | 75,210 | 63,954 | 55,097 | 58,015 | 57,638 | 25,906 | 67,570 | 73,081 | 69,725 | 74,359 | 117,727 | 112,538 | 91,697 | 74,163 |
CASH FLOWS FROM INVESTING ACTIVITIES | ||||||||||||||||||||||||
Acquisitions of oil and natural gas properties | ||||||||||||||||||||||||
28 | 82 | 2,293 | 20,730 | 19,946 | 17,691 | 50,321 | 23,915 | 32,154 | 336,637 | 22,529 | 18,130 | 48,371 | 243 | 4,553 | 126,340 | 10,000 | - | - | - | - | 121 | 16,000 | 0 | 29,431 |
Additions to oil and natural gas properties | ||||||||||||||||||||||||
3,548 | 1,176 | 13,485 | 18,488 | 31,633 | 47,294 | 46,001 | 27,425 | 46,250 | 17,496 | 6,263 | 15,804 | 16,279 | 15,964 | 26,329 | 11,600 | 25,110 | 11,843 | 9,582 | 19,207 | 13,612 | 16,774 | 16,973 | 26,488 | 13,966 |
Additions to oil and natural gas properties leasehold costs | ||||||||||||||||||||||||
0 | - | 62 | 637 | 234 | - | 840 | 3,275 | 524 | - | 514 | 484 | 1,336 | - | - | - | - | - | - | - | - | - | - | - | - |
Purchases of other property and equipment | ||||||||||||||||||||||||
2 | 36 | 300 | 116 | 2,036 | 6 | 10 | 0 | 5 | 89 | 22 | 3 | 93 | 420 | 0 | 0 | 5 | - | - | - | - | 515 | 86 | 166 | 60 |
Proceeds from the sale of oil and natural gas properties | ||||||||||||||||||||||||
1,266 | 624 | 230 | 318 | 2 | 619 | 7,135 | 503 | 752 | 4,348 | 4,621 | 140 | 1,993 | 21 | 0 | 144 | 33 | 25,273 | 26 | 0 | 406 | 8,845 | 369 | 4,817 | 5,439 |
Proceeds from farmouts of oil and natural gas properties | ||||||||||||||||||||||||
3,703 | 927 | 13,090 | 18,019 | 29,468 | 45,917 | 37,571 | 23,019 | 18,015 | 12,579 | 6,592 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | ||||||||||||||||||||||||
1,391 | 210 | -2,820 | -21,634 | -24,379 | -20,079 | -52,466 | -31,093 | -60,166 | -337,767 | -18,115 | -34,281 | -64,086 | -17,782 | -30,882 | -137,796 | -35,082 | 13,224 | -62,207 | -28,809 | -13,206 | -8,565 | -32,690 | -21,837 | -38,018 |
Proceeds from issuance of common units, net of offering costs | ||||||||||||||||||||||||
0 | 0 | 0 | 0 | -43 | 2,168 | 29,302 | 8,929 | 138 | 1,191 | 30,276 | 991 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Distributions to unitholders | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 55,517 |
Distributions to noncontrolling interests | ||||||||||||||||||||||||
- | - | - | - | - | 50 | 47 | 62 | 52 | 30 | 24 | 41 | 25 | 28 | 29 | 21 | 33 | 41 | 45 | 70 | 52 | - | - | - | - |
Payments for capitalized offering costs | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,620 | - | - | - | - |
Redemption of Series A redeemable preferred units | ||||||||||||||||||||||||
- | - | - | - | - | 0 | 0 | 0 | 2,115 | 63 | 0 | 6,899 | 12,742 | 0 | 0 | 18,461 | 0 | - | - | - | - | - | - | - | - |
Borrowings under credit facility | ||||||||||||||||||||||||
67,000 | 82,000 | 80,000 | 74,500 | 98,000 | 109,000 | 89,500 | 70,000 | 105,000 | 84,000 | 49,000 | 56,500 | 103,000 | 44,500 | 74,500 | 169,000 | 61,000 | 73,000 | 49,000 | 89,600 | 34,000 | - | - | - | - |
Repayments under credit facility | ||||||||||||||||||||||||
73,000 | 101,000 | 103,000 | 73,500 | 73,000 | - | - | - | - | 58,000 | 80,000 | 51,500 | 31,000 | - | - | - | - | - | - | - | - | - | - | - | - |
Repurchase of common equity units | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4,793 | 406 |
Dividends on preferred units | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3,882 | 3,968 |
Repayments under credit facility | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | -57,000 | - | - | - | - | - | -60,500 | 0 | -11,000 | -50,000 | -12,000 | -472,600 | -39,000 | 251,000 | -23,000 | -9,500 | 11,500 |
Note receivable-officers | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 101 |
Repurchases of common and subordinated units | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 20,495 | 4,201 | - | 0 | 2,492 | 523 | - | - | - | - |
NET CASH USED IN FINANCING ACTIVITIES | ||||||||||||||||||||||||
-77,920 | -100,467 | -104,454 | -89,509 | -66,962 | -74,607 | -63,557 | -67,985 | -15,653 | 264,312 | -52,963 | -47,447 | 4,365 | -32,391 | -32,055 | 84,915 | 956 | -73,131 | -11,352 | -43,236 | -67,588 | -102,351 | -84,645 | -75,049 | -48,290 |
NET CHANGE IN CASH AND CASH EQUIVALENTS | ||||||||||||||||||||||||
-5,079 | 6,153 | -1,940 | -341 | -1,167 | 973 | -2,630 | 774 | 655 | -3,269 | 1,424 | -6,518 | 4,233 | 4,924 | -4,922 | 4,757 | -8,220 | 7,663 | -478 | -2,320 | -6,435 | 6,811 | -4,797 | -5,189 | -12,145 |
SUPPLEMENTAL DISCLOSURE | ||||||||||||||||||||||||
Interest paid | ||||||||||||||||||||||||
4,173 | 4,616 | 5,236 | 5,421 | 5,197 | 5,154 | 5,243 | 5,038 | 4,326 | 3,720 | 3,979 | 3,906 | 3,156 | 2,475 | 2,132 | 1,099 | 829 | 684 | 602 | 1,528 | 2,664 | 3,033 | 3,241 | 3,293 | 3,187 |
NON-CASH ACTIVITIES | ||||||||||||||||||||||||
Accrued Predecessor distributions payable | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 806 |
Additions to oil and natural gas properties financed through accounts payable and accrued liabilities | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -7,956 | -698 | -548 | 23,332 |
Asset retirement obligations incurred | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 37 | 31 | 31 |
Liabilities assumed as consideration for oil and natural gas properties acquired | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 7,000 |
Deferred revenue (settled) assumed through acquisition of oil and natural gas properties | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -5,314 | 0 | 0 | 2,657 |
Common and Subordinated Units | ||||||||||||||||||||||||
Distributions to unitholders | ||||||||||||||||||||||||
61,641 | 76,205 | 76,204 | 76,113 | 75,917 | 75,773 | 68,563 | 53,292 | 52,493 | 52,224 | 51,556 | 45,615 | 45,404 | - | - | - | - | - | - | - | - | - | - | - | - |
Repurchases of common units | ||||||||||||||||||||||||
5,029 | 13 | 0 | 6,164 | 10,752 | 1,508 | 0 | 630 | 8,441 | 340 | 0 | 0 | 7,845 | - | - | - | - | - | - | - | - | - | - | - | - |
Preferred Units | ||||||||||||||||||||||||
Distributions to unitholders | ||||||||||||||||||||||||
- | - | - | - | - | 0 | 0 | 0 | 690 | 666 | 659 | 833 | 1,619 | - | - | - | - | - | - | - | - | - | - | - | - |