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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 133,434 $ (163,441)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Deferred income taxes 20,485 (67,165)
Loss (gain) on sale of assets 2,493 (910)
Depreciation, depletion and amortization 483,665 593,281
Gain on derivative financial instruments (48,330) (89,218)
Cash settlements of derivative financial instruments 22,708 159,956
Amortization of debt discount and issuance costs 8,925 8,519
Stock-based compensation 15,595 11,380
Decrease in accounts receivable 1,900 75,573
(Increase) decrease in other current assets 24,152 (749)
Increase (decrease) in accounts payable and accrued expenses 10,376 (173,942)
Net cash provided by operating activities 675,403 353,284
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures and acquisitions (983,828) (817,526)
Prepaid drilling costs 5,438 28,989
Proceeds from sales of assets 15,166 1,214
Net cash used for investing activities (963,224) (787,323)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on bank credit facility 540,000 580,000
Repayments of bank credit facility (375,000) (645,000)
Issuance of Senior Notes 0 372,000
Issuance of common stock 0 100,450
Debt and stock issuance costs (36) (6,807)
Income tax withholdings on equity awards (11,010) (3,373)
Contributions from noncontrolling interest 156,500 36,000
Distribution to noncontrolling interest (10,217) (2,128)
Net cash provided by financing activities 300,237 431,142
Net increase (decrease) in cash and cash equivalents 12,416 (2,897)
Cash and cash equivalents, beginning of period 6,799 16,669
Cash and cash equivalents, end of period $ 19,215 $ 13,772