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v3.25.3

Segment Reporting (Tables) | 9 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following table summarizes the results of the Company’s segment revenue, significant expenses, and net income during the periods presented:
|  | For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
|  | (in thousands)
Total operating revenues and other income |  | $ | 811,591 |  |  | $ | 643,613 |  |  | $ | 2,449,078 |  |  | $ | 1,838,038 |
Less: |  |  |  |  |  |  |  |
Lease operating expense |  | 111,515 |  |  | 73,919 |  |  | 325,379 |  |  | 216,562 |
Transportation costs |  | 74,225 |  |  | 33,299 |  |  | 222,322 |  |  | 88,651 |
Production taxes |  | 33,220 |  |  | 29,322 |  |  | 100,302 |  |  | 81,676 |
Ad valorem tax expense |  | 10,076 |  |  | 11,840 |  |  | 30,114 |  |  | 35,488 |
Depletion, depreciation, and amortization |  | 325,372 |  |  | 202,942 |  |  | 888,262 |  |  | 548,781 |
Exploration |  | 11,532 |  |  | 12,097 |  |  | 38,650 |  |  | 47,772 |
General and administrative |  | 39,317 |  |  | 35,141 |  |  | 120,753 |  |  | 96,431 |
Net derivative gain |  | (45,479) |  |  | (86,283) |  |  | (106,571) |  |  | (70,256) |
Other operating expense, net |  | 5,331 |  |  | 384 |  |  | 12,189 |  |  | 4,206 |
Interest expense |  | 42,937 |  |  | 50,682 |  |  | 129,871 |  |  | 94,362 |
Interest income |  | (828) |  |  | (18,017) |  |  | (1,123) |  |  | (31,120) |
Other non-operating expense |  | 80 |  |  | 637 |  |  | 134 |  |  | 684 |
Income tax expense |  | 49,205 |  |  | 57,127 |  |  | 149,774 |  |  | 142,786 |
E&P Segment net income |  | $ | 155,088 |  |  | $ | 240,523 |  |  | $ | 539,022 |  |  | $ | 582,015 |
___________________________________________ Note: There are no reconciling items between net income presented on the accompanying statements of operations and E&P Segment net income.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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