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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS — UNAUDITED - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities    
Net income $ 460,717 $ 356,019
Adjustments to reconcile net income to net cash provided by operating activities    
Unrealized loss on derivatives 9,754 15,726
Depletion, depreciation and amortization 438,245 303,839
Accretion of asset retirement obligations 2,602 1,491
Stock-based compensation expense 5,812 6,221
Deferred income tax provision 97,388 113,978
Amortization of debt issuance cost and other debt-related costs 9,586 2,895
Other non-cash changes (664) (15,682)
Changes in operating assets and liabilities    
Accounts receivable (55,086) 56,407
Lease and well equipment inventory (7,380) (7,237)
Prepaid expenses and other current assets 320 (24,124)
Other long-term assets (156) 2,072
Accounts payable, accrued liabilities and other current liabilities 14,832 (28,232)
Royalties payable 33,811 10,085
Advances from joint interest owners 36,485 (4,979)
Income taxes payable 13,846 (1,677)
Other long-term liabilities 1,377 1,709
Net cash provided by operating activities 1,061,489 788,511
Investing activities    
Drilling, completion and equipping capital expenditures (611,715) (539,511)
Acquisition of oil and natural gas properties (256,110) (55,897)
Midstream capital expenditures (157,201) (32,871)
Expenditures for other property and equipment (771) (2,478)
Proceeds from sale of assets 900 451
Net cash used in investing activities (1,120,147) (2,238,733)
Financing activities    
Repayments of borrowings under Credit Agreement (1,720,000) (2,190,000)
Borrowings under Credit Agreement 1,315,000 2,750,000
Repayments of borrowings under San Mateo Credit Facility (136,000) (108,000)
Borrowings under San Mateo Credit Facility 126,000 103,000
Cost to amend credit facilities (11,424) (8,645)
Proceeds from issuance of senior unsecured notes 900,000 494,800
Cost to issue senior unsecured notes (15,621) (8,255)
Purchase of senior unsecured notes (699,191) 0
Proceeds from issuance of common stock 344,663 0
Cost to issue equity (2,566) 0
Dividends paid (48,747) (35,685)
Contributions related to formation of San Mateo 10,250 14,700
Contributions from non-controlling interest owners of less-than-wholly-owned subsidiaries 19,110 24,500
Distributions to non-controlling interest owners of less-than-wholly-owned subsidiaries (50,176) (44,443)
Taxes paid related to net share settlement of stock-based compensation (14,440) (22,790)
Other (595) (452)
Net cash provided by financing activities 16,263 968,730
Change in cash and restricted cash (42,395) (481,492)
Cash and restricted cash at beginning of period 106,298 547,330
Cash and restricted cash at end of period 63,903 65,838
Advance    
Investing activities    
Acquisition 0 (1,608,427)
Ameredev    
Investing activities    
Acquisition $ (95,250) $ 0