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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Operating net revenues:        
Total operating net revenues $ 1,272,045 $ 1,035,916 $ 3,913,942 $ 2,352,464
Operating expenses:        
Lease operating expense 146,761 94,660 404,832 191,728
Severance and ad valorem taxes 87,262 83,437 291,081 188,242
Exploration 861 429 13,735 1,546
Depreciation, depletion, and amortization 523,929 320,469 1,511,859 754,558
Transaction costs 140 28,450 30,737 60,077
General and administrative expense 56,729 36,154 173,742 106,553
Other operating expense 2,114 3,918 11,138 5,255
Total operating expenses 925,435 656,718 2,753,633 1,552,765
Other income (expense):        
Derivative gain (loss), net 151,029 (150,661) 48,927 (120,574)
Interest expense (117,760) (76,467) (342,443) (92,669)
Loss on property transactions, net 0 0 (1,430) (254)
Other income 9,233 17,288 17,571 34,356
Total other income (expense) 42,502 (209,840) (277,375) (179,141)
Income from operations before income taxes 389,112 169,358 882,934 620,558
Income tax expense (93,309) (29,686) (195,321) (139,138)
Net income, basic 295,803 139,672 687,613 481,420
Net income, diluted $ 295,803 $ 139,672 $ 687,613 $ 481,420
Earnings per common share:        
Basic (in dollars per share) $ 3.02 $ 1.57 $ 6.91 $ 5.75
Diluted (in dollars per share) $ 3.01 $ 1.56 $ 6.88 $ 5.70
Weighted-average common shares outstanding:        
Basic (in shares) 97,905 88,911 99,540 83,700
Diluted (in shares) 98,224 89,631 99,951 84,468
Crude oil, natural gas, and NGL sales        
Operating net revenues:        
Total operating net revenues $ 1,271,375 $ 1,034,410 $ 3,910,663 $ 2,348,090
Midstream operating expense        
Operating net revenues:        
Total operating net revenues 670 1,506 3,279 4,374
Operating expenses:        
Operating expense 11,225 11,661 36,725 35,041
Gathering, transportation, and processing        
Operating expenses:        
Operating expense $ 96,414 $ 77,540 $ 279,784 $ 209,765