XML 17 R4.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating net revenues:    
Total operating net revenues $ 1,329,203 $ 656,022
Operating expenses:    
Lease operating expense 131,465 45,838
Severance and ad valorem taxes 101,906 52,362
Exploration 11,534 571
Depreciation, depletion, and amortization 466,840 201,303
Transaction costs 22,720 482
General and administrative expense (including $11,199 and $7,380, respectively, of stock-based compensation) 57,878 36,858
Other operating expense 7,566 138
Total operating expenses 902,371 414,965
Other income (expense):    
Derivative gain (loss), net (109,680) 25,160
Interest expense (109,786) (7,449)
Loss on property transactions, net (1,430) (241)
Other income 4,904 9,023
Total other income (expense) (215,992) 26,493
Income from operations before income taxes 210,840 267,550
Income tax expense (35,019) (65,089)
Net income, basic 175,821 202,461
Net income, diluted $ 175,821 $ 202,461
Earnings per common share:    
Basic (in dollars per share) $ 1.75 $ 2.48
Diluted (in dollars per share) $ 1.74 $ 2.46
Weighted-average common shares outstanding:    
Basic (in shares) 100,546 81,719
Diluted (in shares) 101,293 82,430
Crude oil, natural gas, and NGL sales    
Operating net revenues:    
Total operating net revenues $ 1,327,756 $ 654,841
Midstream operating expense    
Operating net revenues:    
Total operating net revenues 1,447 1,181
Operating expenses:    
Operating expense 13,561 10,061
Gathering, transportation, and processing    
Operating expenses:    
Operating expense $ 88,901 $ 67,352