EP — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-14

• We generally do not enter into derivative financial instruments for speculative or trading purposes. As of June 30, 2026, our remaining outstanding derivative financial instruments account for 58,000 Bbls at a blended price of $69.89 to help minimize expected pricing volatility and to strengthen for…

• Cash used in operating activities increased period over period primarily due to lower production volumes.

• (1)Average Oil Price per Unit excluding the effect of net settlements received (paid) for the three and six months ended June 30, 2026 were $94.72 and $80.12, respectively. There are no impacts for the three and six months ended June 30, 2025 as there were no open commodity derivatives during the re…

• (2)Average Total Price per Unit excluding the effect of net settlements received (paid) for the three and six months ended June 30, 2026 were $66.86 and $56.04, respectively. There are no impacts for the three and six months ended June 30, 2025 as there were no open commodity derivatives during the …

• Total product revenues for the three months ended June 30, 2026 increased compared to the prior year primarily due to a higher realized oil price per barrel from general market pricing trends partially offset by lower production volumes year over year.

Text removed vs the prior filing · source: 10-Q · 2026-05-14

• We generally do not enter into derivative financial instruments for speculative or trading purposes. We entered into certain oil commodity derivative positions for the remaining three quarters of 2026 at a blended price of $73.83 for total production of approximately 340,000 Bbls. These positions ac…

• Operating activities decreased period over period primarily due to a decrease in production period over period and lower realized commodity prices consistent with general market pricing trends.

• NM: A percentage calculation is not meaningful due to change in signs, a zero-value denominator or a percentage change that is greater than 200.

• Revenues for the three months ended March 31, 2026, decreased compared to the prior year primarily due to lower overall production in North Dakota and New Mexico and a lower realized price across all commodities.

• Net oil sales volumes were approximately 112,000 Bbls for the three months ended March 31, 2026, a slight decrease over the same period in the prior year primarily due to natural decline and operational challenges in North Dakota and New Mexico.