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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue and Other Operating Income:        
Gain on Commodity Derivative Instruments $ 88,964 $ 47,803 $ 110,587 $ 1,352,442
Other Revenue and Operating Income 48,484 36,444 145,345 88,614
Total Revenue and Other Operating Income 424,213 350,506 1,130,208 2,466,181
Operating Expense        
Lease Operating Expense 17,253 16,573 52,798 46,139
Production, Ad Valorem and Other Fees 6,646 8,131 20,909 23,191
Depreciation, Depletion and Amortization 121,227 111,855 357,418 320,758
Purchased Gas Costs 26,594 10,694 50,549 53,834
Selling, General, and Administrative Costs 32,498 29,213 102,194 95,806
Other Operating Expense 16,462 26,057 62,172 62,226
Total Operating Expense 318,889 299,943 937,283 892,173
Other Expense (Income)        
Other (Income) Expense (4,590) 1,454 (10,664) 5,133
(Gain) Loss on Asset Sales and Abandonments, net (10,570) (5,524) 8,912 (120,992)
Loss on Debt Extinguishment 0 0 7,043 0
Interest Expense 37,923 35,391 113,997 105,947
Total Other Expense (Income) 22,763 31,321 119,288 (9,912)
Total Costs and Expenses 341,652 331,264 1,056,571 882,261
Income Before Income Tax 82,561 19,242 73,637 1,583,920
Income Tax Expense (Benefit) 17,021 (2,139) 19,507 377,189
Net Income $ 65,540 $ 21,381 $ 54,130 $ 1,206,731
Earnings per Share        
Basic (in usd per share) $ 0.44 $ 0.13 $ 0.36 $ 7.34
Diluted (in usd per share) 0.37 0.12 0.32 6.24
Dividends Declared (in usd per share) $ 0 $ 0 $ 0 $ 0
Natural Gas, NGLs and Oil Revenue        
Revenue and Other Operating Income:        
Revenues $ 259,459 $ 255,124 $ 821,664 $ 967,823
Purchased Gas Revenue        
Revenue and Other Operating Income:        
Revenues 27,306 11,135 52,612 57,302
Transportation, Gathering and Compression        
Operating Expense        
Cost of Goods Sold 96,274 95,820 284,633 281,788
Exploration and Production Related Other Costs        
Operating Expense        
Cost of Goods Sold $ 1,935 $ 1,600 $ 6,610 $ 8,431