XML 14 R2.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 40,487 $ 36,950
Accounts receivable, net 1,279,056 1,298,973
Inventory 102,031 94,299
Prepaid expenses 17,874 30,875
Derivative instruments 82,069 35,944
Other current assets 2,168 82,077
Total current assets 1,523,685 1,579,118
Property, plant and equipment    
Oil and gas properties (successful efforts method) 13,602,081 12,770,786
Other property and equipment 59,938 58,158
Less: accumulated depreciation, depletion and amortization (2,851,535) (2,142,775)
Total property, plant and equipment, net 10,810,484 10,686,169
Derivative instruments 7,962 5,629
Investment in unconsolidated affiliate 131,603 142,201
Long-term inventory 26,403 25,973
Operating right-of-use assets 23,846 38,004
Goodwill 0 530,616
Other assets 22,613 24,297
Total assets 12,546,596 13,032,007
Current liabilities    
Accounts payable 74,043 68,751
Revenues and production taxes payable 681,508 752,742
Accrued liabilities 760,652 732,296
Accrued interest payable 18,586 4,693
Derivative instruments 342 1,230
Advances from joint interest partners 2,715 2,434
Current operating lease liabilities 29,351 37,629
Other current liabilities 9,438 84,203
Total current liabilities 1,576,635 1,683,978
Long-term debt 918,901 842,600
Deferred tax liabilities 1,545,492 1,496,442
Asset retirement obligations 392,742 282,369
Derivative instruments 2,500 1,016
Operating lease liabilities 8,234 15,190
Other liabilities 5,868 8,150
Total liabilities 4,450,372 4,329,745
Commitments and contingencies (Note 16)
Stockholders’ equity    
Common stock, $0.01 par value: 240,000,000 shares authorized, 67,146,139 shares issued and 57,649,136 shares outstanding at June 30, 2025; and 240,000,000 shares authorized, 66,967,779 shares issued and 60,070,893 shares outstanding at December 31, 2024 675 673
Treasury stock, at cost: 9,497,003 shares at June 30, 2025 and 6,896,886 shares at December 31, 2024 (1,210,171) (936,157)
Additional paid-in capital 7,327,295 7,336,091
Retained earnings 1,978,425 2,301,655
Total stockholders’ equity 8,096,224 8,702,262
Total liabilities and stockholders’ equity $ 12,546,596 $ 13,032,007