XML 22 R8.htm IDEA: XBRL DOCUMENT v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income $ 487,000 $ 688,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion, and amortization 1,443,000 1,512,000
Stock-based compensation 37,000 36,000
Derivative gain, net (235,000) (49,000)
Derivative cash settlement gain (loss), net 138,000 (6,000)
Amortization of deferred financing costs and deferred acquisition consideration 13,000 39,000
Deferred income tax expense 155,000 187,000
Other, net 2,000 (2,000)
Accounts receivable, net (140,000) (35,000)
Prepaid expenses and other 26,000 5,000
Accounts payable, accrued expenses, and other liabilities (277,000) (428,000)
Changes in operating assets and liabilities, net
Net cash provided by operating activities 1,877,000 2,007,000
Cash flows from investing activities:    
Acquisitions of businesses, net of cash acquired (761,000) (905,000)
Acquisitions of crude oil and natural gas properties (54,000) (24,000)
Capital expenditures for drilling and completion activities and other fixed assets (1,432,000) (1,632,000)
Proceeds from property transactions 188,000 163,000
Payments For Purchase Of Carbon Credits And Renewable Energy Credits 0 4,000
Other, net (1,000) (2,000)
Net cash used in investing activities (2,058,000) (2,400,000)
Cash flows from financing activities:    
Proceeds from credit facility 2,100,000 1,650,000
Payments to credit facility (2,200,000) (1,600,000)
Proceeds from issuance of senior notes 743,000 0
Dividends paid (141,000) (446,000)
Common stock repurchased and retired (322,000) (270,000)
Payment of employee tax withholdings in exchange for the return of common stock (7,000) (12,000)
Other, net 12,000 9,000
Net cash provided by (used in) financing activities 161,000 (687,000)
Net change in cash, cash equivalents, and restricted cash (20,000) (1,080,000)
Cash, cash equivalents, and restricted cash:    
Beginning of period 76,000 1,127,000
End of period $ 56,000 $ 47,000