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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues    
Total revenues $ 1,085,260 $ 896,517
Operating expenses    
Lease operating expenses 159,206 153,408
Gathering, processing and transportation expenses 53,984 37,015
Production taxes 63,911 60,517
Depreciation, depletion and amortization 168,894 133,791
General and administrative expenses 25,712 32,484
Total operating expenses 813,623 571,672
Gain on sale of assets, net 1,302 1,227
Operating income 272,939 326,072
Other income (expense)    
Net gain (loss) on derivative instruments (27,577) 66,934
Net gain (loss) from investment in unconsolidated affiliate 16,296 (2,216)
Interest expense, net of capitalized interest (7,592) (7,135)
Other income 2,826 5,193
Total other income (expense), net (16,047) 62,776
Income before income taxes 256,892 388,848
Income tax expense (57,539) (91,849)
Net income $ 199,353 $ 296,999
Earnings per share:    
Basic (in dollars per share) $ 4.79 $ 7.13
Diluted (in dollars per share) $ 4.65 $ 6.87
Weighted average shares outstanding:    
Basic (in shares) 41,468 41,568
Diluted (in shares) 42,747 43,149
Oil, NGL and gas revenues    
Revenues    
Total revenues $ 748,162 $ 766,200
Operating expenses    
Exploration and impairment 6,154 24,864
Purchased oil and gas sales    
Revenues    
Total revenues 337,098 130,317
Operating expenses    
Purchased oil and gas expenses $ 335,762 $ 129,593