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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (115,393) $ (14,474)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Deferred income taxes (143,276) (8,287)
Depreciation, depletion and amortization 167,891 190,689
(Gain) loss on derivative financial instruments 330,339 (39,307)
Cash settlements of derivative financial instruments (7,959) 47,995
Amortization of debt discount and issuance costs 2,944 1,984
Stock-based compensation 4,442 3,415
(Increase) decrease in accounts receivable (33,660) 99,418
Decrease in other current assets 559 5,576
Decrease in accounts payable and accrued expenses (31,141) (115,470)
Net cash provided by operating activities 174,746 171,539
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures and acquisitions (297,992) (351,470)
Prepaid drilling costs (269) 3,232
Net cash used for investing activities (298,261) (348,238)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on bank credit facility 205,000 235,000
Repayments of bank credit facility (110,000) (175,000)
Issuance of common stock 0 100,450
Income tax withholdings on equity awards (2,690) 0
Contributions from noncontrolling interest 59,500 6,000
Distribution to noncontrolling interest (2,219)  
Net cash provided by financing activities 149,591 166,450
Net increase (decrease) in cash and cash equivalents 26,076 (10,249)
Cash and cash equivalents, beginning of period 6,799 16,669
Cash and cash equivalents, end of period $ 32,875 $ 6,420