XML 17 R4.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues        
Total revenues $ 1,312,081 $ 1,450,467 $ 3,707,687 $ 3,796,408
Operating expenses        
Lease operating expenses 248,604 247,055 738,644 582,908
Gathering, processing and transportation expenses 73,052 77,353 220,467 194,467
Purchased oil and gas expenses 340,947 329,622 684,060 1,021,739
Production taxes 79,509 100,973 223,116 244,410
Depreciation, depletion and amortization 374,919 360,214 1,101,725 757,036
General and administrative expenses 21,861 52,115 92,778 159,904
Impairment and exploration 2,034 7,269 545,957 14,908
Total operating expenses 1,140,926 1,174,601 3,606,747 2,975,372
Gain (loss) on sale of assets, net (365) (2,973) 4,628 13,814
Operating income 170,790 272,893 105,568 834,850
Other income (expense)        
Net gain on derivative instruments 20,724 52,721 82,674 29,753
Net gain (loss) from investment in unconsolidated affiliate (4,646) 1,089 (10,507) 23,246
Interest expense, net of capitalized interest (18,717) (19,146) (53,324) (38,946)
Loss on debt extinguishment 0 0 (3,494) 0
Other income (expense), net 2,146 (2,657) 6,692 4,253
Total other income (expense), net (493) 32,007 22,041 18,306
Income before income taxes 170,297 304,900 127,609 853,156
Income tax expense (40,186) (79,584) (167,566) (215,126)
Net income (loss) $ 130,111 $ 225,316 $ (39,957) $ 638,030
Earnings (loss) per share (Note 15):        
Basic (in dollars per share) $ 2.26 $ 3.63 $ (0.72) $ 12.61
Diluted (in dollars per share) $ 2.26 $ 3.59 $ (0.72) $ 12.34
Weighted average shares outstanding:        
Basic (in shares) 57,157 61,802 57,141 50,388
Diluted (in shares) 57,157 62,629 57,195 51,507
Oil, NGL and gas revenues        
Revenues        
Total revenues $ 966,847 $ 1,121,012 $ 3,020,537 $ 2,771,841
Purchased oil and gas sales        
Revenues        
Total revenues $ 345,234 $ 329,455 $ 687,150 $ 1,024,567