Quarterly report [Sections 13 or 15(d)]

CONDENSED STATEMENT OF STOCKHOLDERS’ EQUITY

v3.26.3
CONDENSED STATEMENT OF STOCKHOLDERS’ EQUITY - USD ($)
Total
Common Stock
Additional Paid-in Capital
Retained Earnings (Accumulated Deficit)
Beginning balance (in shares) at Dec. 31, 2024   198,561,378    
Beginning balance at Dec. 31, 2024 $ 864,369,478 $ 198,561 $ 800,419,719 $ 63,751,198
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Restricted stock vested (in shares)   1,983,465    
Restricted stock vested 0 $ 1,983 (1,983)  
Shares to cover tax withholdings for restricted stock vested (in shares)   (488,596)    
Shares to cover tax withholdings for restricted stock vested 0 $ (488) 488  
Payments to cover tax withholdings for restricted stock vested, net (896,431)   (896,431)  
Common stock issuance for Lime Rock Acquisition (in shares)   6,452,879    
Common stock issuance for Lime Rock Acquisition 7,420,811 $ 6,453 7,414,358  
Share-based compensation 1,690,958   1,690,958  
Net (loss) income 9,110,738     9,110,738
Ending balance (in shares) at Mar. 31, 2025   206,509,126    
Ending balance at Mar. 31, 2025 881,695,554 $ 206,509 808,627,109 72,861,936
Beginning balance (in shares) at Dec. 31, 2024   198,561,378    
Beginning balance at Dec. 31, 2024 864,369,478 $ 198,561 800,419,719 63,751,198
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Net (loss) income (21,885,905)      
Ending balance (in shares) at Sep. 30, 2025   207,223,177    
Ending balance at Sep. 30, 2025 853,386,358 $ 207,223 811,313,842 41,865,293
Beginning balance (in shares) at Mar. 31, 2025   206,509,126    
Beginning balance at Mar. 31, 2025 881,695,554 $ 206,509 808,627,109 72,861,936
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Restricted stock vested (in shares)   41,834    
Restricted stock vested 0 $ 42 (42)  
Shares to cover tax withholdings for restricted stock vested (in shares)   (8,345)    
Shares to cover tax withholdings for restricted stock vested 0 $ (9) 9  
Payments to cover tax withholdings for restricted stock vested, net (57,015)   (57,015)  
Share-based compensation 1,351,839   1,351,839  
Net (loss) income 20,634,887     20,634,887
Ending balance (in shares) at Jun. 30, 2025   206,542,615    
Ending balance at Jun. 30, 2025 903,625,265 $ 206,542 809,921,900 93,496,823
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Restricted stock vested (in shares)   349,726    
Restricted stock vested 0 $ 350 (350)  
Shares to cover tax withholdings for restricted stock vested (in shares)   (85,162)    
Shares to cover tax withholdings for restricted stock vested 0 $ (85) 85  
Payments to cover tax withholdings for restricted stock vested, net $ (225,977)   (225,977)  
Performance stock vested (in shares) 549,900      
Performance stock vested $ 0 $ 550 (550)  
Shares to cover tax withholdings for performance stock vested (in shares)   (133,902)    
Shares to cover tax withholdings for performance stock vested 0 $ (134) 134  
Share-based compensation 1,618,600   1,618,600  
Net (loss) income (51,631,530)     (51,631,530)
Ending balance (in shares) at Sep. 30, 2025   207,223,177    
Ending balance at Sep. 30, 2025 853,386,358 $ 207,223 811,313,842 41,865,293
Beginning balance (in shares) at Dec. 31, 2025   207,656,929    
Beginning balance at Dec. 31, 2025 842,005,242 $ 207,657 812,777,586 29,019,999
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Restricted stock vested (in shares)   2,400,525    
Restricted stock vested 0 $ 2,401 (2,401)  
Shares to cover tax withholdings for restricted stock vested (in shares)   (662,344)    
Shares to cover tax withholdings for restricted stock vested 0 $ (663) 663  
Payments to cover tax withholdings for restricted stock vested, net (960,620)   (960,620)  
Share-based compensation 1,524,808   1,524,808  
Net (loss) income (220,591,482)     (220,591,482)
Ending balance (in shares) at Mar. 31, 2026   209,395,110    
Ending balance at Mar. 31, 2026 621,977,948 $ 209,395 813,340,036 (191,571,483)
Beginning balance (in shares) at Dec. 31, 2025   207,656,929    
Beginning balance at Dec. 31, 2025 842,005,242 $ 207,657 812,777,586 29,019,999
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Net (loss) income (172,398,401)      
Ending balance (in shares) at Sep. 30, 2026   260,539,607    
Ending balance at Sep. 30, 2026 739,320,492 $ 260,539 882,438,355 (143,378,402)
Beginning balance (in shares) at Mar. 31, 2026   209,395,110    
Beginning balance at Mar. 31, 2026 621,977,948 $ 209,395 813,340,036 (191,571,483)
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Restricted stock vested (in shares)   20,000    
Restricted stock vested 0 $ 20 (20)  
Shares to cover tax withholdings for restricted stock vested (in shares)   (5,930)    
Shares to cover tax withholdings for restricted stock vested 0 $ (6) 6  
Share-based compensation 2,149,596   2,149,596  
Issuance of shares for underwritten public offering (in shares)   51,111,111    
Issuance of shares for underwritten public offering 64,502,908 $ 51,111 64,451,797  
Net (loss) income 64,793,310     64,793,310
Ending balance (in shares) at Jun. 30, 2026   260,520,291    
Ending balance at Jun. 30, 2026 753,423,762 $ 260,520 879,941,415 (126,778,173)
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Restricted stock vested (in shares)   25,534    
Restricted stock vested 0 $ 25 (25)  
Shares to cover tax withholdings for restricted stock vested (in shares)   (6,218)    
Shares to cover tax withholdings for restricted stock vested 0 $ (6) 6  
Share-based compensation 2,497,039   2,497,039  
Issuance of shares for underwritten public offering (80)   (80)  
Net (loss) income (16,600,229)     (16,600,229)
Ending balance (in shares) at Sep. 30, 2026   260,539,607    
Ending balance at Sep. 30, 2026 $ 739,320,492 $ 260,539 $ 882,438,355 $ (143,378,402)