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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 134,503 $ (111,424)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Deferred income taxes 39,180 (24,788)
Gain on sale of assets (773) (2)
Depreciation, depletion and amortization 133,983 106,728
(Gain) loss on derivative financial instruments (66,409) 437,493
Cash settlements of derivative financial instruments 10,383 (117,186)
Amortization of debt discount and issuance costs 1,997 4,225
Stock-based compensation 2,046 1,495
Decrease in accounts receivable 255,992 28,125
(Increase) decrease in other current assets (1,514) 2,985
Decrease in accounts payable and accrued expenses (123,024) (42,033)
Net cash provided by operating activities 386,364 285,618
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures and acquisitions (370,953) (213,277)
Prepaid drilling costs (1,684) (1,579)
Proceeds from sales of assets 130 45
Net cash used for investing activities (372,507) (214,811)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on bank credit facility 0 95,000
Repayments of bank credit facility 0 (180,000)
Preferred stock dividends paid 0 (4,315)
Common stock dividends paid (34,688) 0
Debt and stock issuance costs (144) 0
Income tax withholdings on equity awards 0 (18)
Net cash used for financing activities (34,832) (89,333)
Net decrease in cash and cash equivalents (20,975) (18,526)
Cash and cash equivalents, beginning of period 54,652 30,663
Cash and cash equivalents, end of period $ 33,677 $ 12,137