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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Operating revenues        
Oil and gas sales $ 1,215,571 $ 758,541 $ 3,704,653 $ 1,998,207
Operating expenses        
Lease operating expenses 173,255 85,810 501,597 243,333
Severance and ad valorem taxes 91,548 58,942 280,784 156,378
Gathering, processing and transportation expenses 50,220 20,731 133,020 57,966
Depreciation, depletion and amortization 453,603 236,204 1,290,210 640,149
General and administrative expenses 43,783 34,519 129,885 122,729
Merger and integration expense 0 10,422 18,064 28,071
Impairment and abandonment expense 1,380 245 7,784 734
Exploration and other expenses 6,962 5,031 24,428 14,668
Total operating expenses 820,751 451,904 2,385,772 1,264,028
Net gain on sale of long-lived assets 329 63 441 129
Income from operations 395,149 306,700 1,319,322 734,308
Other income (expense)        
Interest expense (79,934) (40,582) (227,973) (114,185)
Net gain (loss) on derivative instruments 238,533 (151,781) 131,702 (76,668)
Other income (expense) 9,247 246 9,676 685
Total other income (expense) 167,846 (192,117) (86,595) (190,168)
Income before income taxes 562,995 114,583 1,232,727 544,140
Income tax expense (106,468) (16,254) (237,697) (77,056)
Net income 456,527 98,329 995,030 467,084
Less: Net income attributable to noncontrolling interest (70,151) (52,896) (226,979) (246,132)
Net income attributable to Class A Common Stock $ 386,376 $ 45,433 $ 768,051 $ 220,952
Income per share of Class A Common Stock:        
Basic (USD per share) $ 0.56 $ 0.14 $ 1.24 $ 0.71
Diluted (USD per share) $ 0.53 $ 0.13 $ 1.16 $ 0.64