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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Cash flows from operating activities:          
Net income (loss) $ (389,905) $ 213,361 $ (170,068) $ 412,715  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:          
Depreciation, depletion and amortization     726,806 396,822  
Loss on debt extinguishment 0 0 3,494 0  
Gain on sale of assets     (4,993) (16,788)  
Impairment     539,318 3,919  
Deferred income taxes     49,050 70,699  
Net (gain) loss on derivative instruments (82,231) (4,608) (61,950) 22,969  
Net (gain) loss from investment in unconsolidated affiliate 962 (5,862) 5,862 (22,158)  
Equity-based compensation expenses     12,997 10,130  
Deferred financing costs amortization and other     (11,297) 7,343  
Working capital and other changes:          
Change in accounts receivable, net     4,479 (69,496)  
Change in inventory     (5,738) (5,557)  
Change in prepaid expenses     5,463 17,262  
Change in accounts payable, interest payable and accrued liabilities     (20,031) 3,065  
Change in other assets and liabilities, net     3,311 36,649  
Net cash provided by operating activities     1,076,703 867,574  
Cash flows from investing activities:          
Capital expenditures     (704,388) (538,733)  
Acquisitions     (26,191) (645,971)  
Proceeds from divestitures     6,921 20,876  
Derivative settlements     14,090 (16,339)  
Contingent consideration received     25,000 25,000  
Distributions from investment in unconsolidated affiliate     6,786 4,591  
Net cash used in investing activities     (677,782) (1,150,576)  
Cash flows from financing activities:          
Proceeds from revolving credit facility     2,435,000 825,000  
Principal payments on revolving credit facility     (2,700,000) (250,000)  
Repayment and discharge of senior notes     (401,432) 0  
Issuance of senior notes     750,000 0  
Deferred financing costs     (13,443) 0  
Repurchases of common stock     (274,014) (93,745)  
Tax withholding on vesting of equity-based awards     (21,793) (57,357)  
Dividends paid     (168,846) (281,681)  
Payments on finance lease liabilities     (856) (834)  
Proceeds from warrants exercised     0 21,010  
Net cash provided by (used in) financing activities     (395,384) 162,393  
Increase (decrease) in cash and cash equivalents     3,537 (120,609)  
Cash and cash equivalents:          
Beginning of period     36,950 317,998 $ 317,998
End of period 40,487 197,389 40,487 197,389 $ 36,950
Supplemental non-cash transactions:          
Change in accrued capital expenditures     (3,950) 24,389  
Change in asset retirement obligations     100,632 3,476  
Non-cash consideration exchanged in Merger     0 3,732,137  
Dividends payable $ 973 $ 19,502 $ 973 $ 19,502