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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 35,754 $ 36,950
Accounts receivable, net 1,318,383 1,298,973
Inventory 103,798 94,299
Prepaid expenses 24,453 30,875
Derivative instruments 32,754 35,944
Other current assets 82,146 82,077
Total current assets 1,597,288 1,579,118
Property, plant and equipment    
Oil and gas properties (successful efforts method) 13,142,962 12,770,786
Other property and equipment 58,932 58,158
Less: accumulated depreciation, depletion and amortization (2,487,186) (2,142,775)
Total property, plant and equipment, net 10,714,708 10,686,169
Derivative instruments 4,900 5,629
Investment in unconsolidated affiliate 134,942 142,201
Long-term inventory 26,365 25,973
Operating right-of-use assets 28,185 38,004
Goodwill 530,616 530,616
Other assets 21,604 24,297
Total assets 13,058,608 13,032,007
Current liabilities    
Accounts payable 89,924 68,751
Revenues and production taxes payable 788,609 752,742
Accrued liabilities 775,858 732,296
Accrued interest payable 4,128 4,693
Derivative instruments 16,279 1,230
Advances from joint interest partners 2,730 2,434
Current operating lease liabilities 32,003 37,629
Other current liabilities 93,668 84,203
Total current liabilities 1,803,199 1,683,978
Long-term debt 798,824 842,600
Deferred tax liabilities 1,526,207 1,496,442
Asset retirement obligations 292,405 282,369
Derivative instruments 3,300 1,016
Operating lease liabilities 10,558 15,190
Other liabilities 5,451 8,150
Total liabilities 4,439,944 4,329,745
Commitments and contingencies (Note 16)
Stockholders’ equity    
Common stock, $0.01 par value: 240,000,000 shares authorized, 67,088,756 shares issued and 58,197,374 shares outstanding at March 31, 2025; and 240,000,000 shares authorized, 66,967,779 shares issued and 60,070,893 shares outstanding at December 31, 2024 674 673
Treasury stock, at cost: 8,891,382 shares at March 31, 2025 and 6,896,886 shares at December 31, 2024 (1,154,684) (936,157)
Additional paid-in capital 7,328,611 7,336,091
Retained earnings 2,444,063 2,301,655
Total stockholders’ equity 8,618,664 8,702,262
Total liabilities and stockholders’ equity $ 13,058,608 $ 13,032,007