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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 629,208 $ 36,950
Accounts receivable, net 1,210,328 1,298,973
Inventory 108,498 94,299
Prepaid expenses 27,740 30,875
Derivative instruments 86,200 35,944
Other current assets 2,178 82,077
Total current assets 2,064,152 1,579,118
Property, plant and equipment    
Oil and gas properties (successful efforts method) 13,934,970 12,770,786
Other property and equipment 59,970 58,158
Less: accumulated depreciation, depletion and amortization (3,215,842) (2,142,775)
Total property, plant and equipment, net 10,779,098 10,686,169
Derivative instruments 4,942 5,629
Investment in unconsolidated affiliate 124,562 142,201
Long-term inventory 29,101 25,973
Operating right-of-use assets 17,304 38,004
Goodwill 0 530,616
Other assets 78,155 24,297
Total assets 13,097,314 13,032,007
Current liabilities    
Accounts payable 61,627 68,751
Revenues and production taxes payable 670,974 752,742
Accrued liabilities 761,381 732,296
Accrued interest payable 5,177 4,693
Derivative instruments 0 1,230
Advances from joint interest partners 2,180 2,434
Current operating lease liabilities 24,623 37,629
Other current liabilities 1,792 84,203
Total current liabilities 1,527,754 1,683,978
Long-term debt 1,478,827 842,600
Deferred tax liabilities 1,603,141 1,496,442
Asset retirement obligations 400,382 282,369
Derivative instruments 1,094 1,016
Operating lease liabilities 5,770 15,190
Other liabilities 6,405 8,150
Total liabilities 5,023,373 4,329,745
Commitments and contingencies (Note 16)
Stockholders’ equity    
Common stock, $0.01 par value: 240,000,000 shares authorized, 67,150,747 shares issued and 56,865,300 shares outstanding at September 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: 10,285,447 shares at September 30, 2025 and 6,896,886 shares at December 31, 2024 (1,293,994) (936,157)
Additional paid-in capital 7,333,496 7,336,091
Retained earnings 2,033,764 2,301,655
Total stockholders’ equity 8,073,941 8,702,262
Total liabilities and stockholders’ equity $ 13,097,314 $ 13,032,007