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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 995,030 $ 467,084
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 1,290,210 640,149
Stock-based compensation expense 46,713 69,585
Impairment and abandonment expense 7,784 734
Deferred tax expense 228,762 73,453
Net (gain) loss on sale of long-lived assets (441) (129)
Non-cash portion of derivative (gain) loss (91,362) 165,573
Amortization of debt issuance costs, discount and premium 4,752 11,858
Loss on extinguishment of debt 8,585 0
Changes in operating assets and liabilities:    
(Increase) decrease in accounts receivable 52,567 (57,787)
(Increase) decrease in prepaid and other assets (6,828) (27,810)
Increase (decrease) in accounts payable and other liabilities 4,618 24,795
Net cash provided by operating activities 2,540,390 1,367,505
Cash flows from investing activities:    
Acquisition of oil and natural gas properties, net (1,016,089) (116,869)
Drilling and development capital expenditures (1,556,208) (1,066,693)
Purchases of other property and equipment (7,101) (30,828)
Contingent considerations received related to divestiture 0 60,000
Proceeds from sales of oil and natural gas properties 15,579 59,203
Net cash used in investing activities (2,563,819) (1,095,187)
Cash flows from financing activities:    
Proceeds from equity offering, net 402,211 0
Proceeds from borrowings under revolving credit facility 1,965,000 1,050,000
Repayment of borrowings under revolving credit facility (1,965,000) (1,435,000)
Proceeds from issuance of senior notes 1,000,000 500,000
Debt issuance and redemption costs (22,582) (6,950)
Redemption of senior notes (656,351) 0
Proceeds from exercise of stock options 257 514
Share repurchases (61,048) (95,448)
Dividends paid (361,402) (80,793)
Distributions paid to noncontrolling interest owners (78,889) (62,296)
Net cash used in financing activities 222,196 (129,973)
Net increase (decrease) in cash, cash equivalents and restricted cash 198,767 142,345
Cash, cash equivalents and restricted cash, beginning of period 73,864 69,932
Cash, cash equivalents and restricted cash, end of period 272,631 212,277
Supplemental cash flow information    
Cash paid for interest 239,979 119,469
Cash paid for income taxes 6,818 3,603
Stock Issued 100,371 0
Supplemental non-cash activity    
Accrued capital expenditures included in accounts payable and accrued expenses 309,607 233,160
Deferred tax liability assumed in asset acquisition 0 24,801
Asset retirement obligations incurred, including revisions to estimates 28,011 1,908
Dividends payable 7,394 2,509
Restricted Cash and Cash Equivalents [Abstract]    
Cash and cash equivalents 272,026 211,703
Restricted cash [1] 605 574
Total cash, cash equivalents and restricted cash $ 272,631 $ 212,277
[1] Included in Prepaid and other current assets as of September 30, 2024 and 2023 in the consolidated balance sheets.