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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating net revenues:      
Crude oil, natural gas, and NGL sales $ 5,206,808 $ 3,479,240 $ 3,791,398
Operating expenses:      
Lease operating expense 577,837 301,288 169,986
Severance and ad valorem taxes 377,388 276,535 305,701
Exploration 14,322 2,178 6,981
Depreciation, depletion, and amortization 2,056,427 1,171,192 816,446
Abandonment and impairment of unproved properties 0 0 17,975
Transaction costs 31,419 84,328 24,683
General and administrative expense 226,965 161,077 143,477
Other operating expense 17,330 7,437 2,691
Total operating expenses 3,727,404 2,339,760 1,807,358
Other income (expense):      
Derivative gain (loss), net 37,490 9,307 (335,160)
Interest expense (456,303) (182,740) (32,199)
Gain (loss) on property transactions, net (2,566) (254) 15,880
Other income 24,670 33,661 21,217
Total other expense (396,709) (140,026) (330,262)
Income from operations before income taxes 1,082,695 999,454 1,653,778
Income tax expense (243,972) (215,166) (405,698)
Net income, basic 838,723 784,288 1,248,080
Net income, diluted $ 838,723 $ 784,288 $ 1,248,080
Earnings per common share      
Basic (in dollars per share) $ 8.48 $ 9.09 $ 14.68
Diluted (in dollars per share) $ 8.46 $ 9.02 $ 14.58
Weighted-average common shares outstanding:      
Basic (in shares) 98,865 86,240 85,005
Diluted (in shares) 99,176 86,988 85,604
Midstream operating expense      
Operating net revenues:      
Crude oil, natural gas, and NGL sales $ 4,400 $ 5,419 $ 3,814
Operating expenses:      
Operating expenses 48,038 45,080 31,944
Gathering, transportation, and processing      
Operating expenses:      
Operating expenses 377,678 290,645 287,474
Crude Oil, Natural Gas, And Natural Gas Liquids      
Operating net revenues:      
Crude oil, natural gas, and NGL sales $ 5,202,408 $ 3,473,821 $ 3,787,584