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v3.26.1

Revenue from Contracts with Customers | 6 Months Ended
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Jun. 30, 2026
Revenue from Contract with Customer [Abstract] |
Revenue from Contracts with Customers | Note 7 - Revenue from Contracts with Customers All of the Company's revenues from contracts with customers are generated in the states of Pennsylvania and Texas. Revenues consist of the following:
|  | Three Months Ended June 30, 2026 |  |
(in thousands) |  | Pennsylvania |  | Texas |  | Total |  |
Natural gas |  | $ | 15,990 |  |  | $ | 140,111 |  |  | $ | 156,101 |  |  |
NGLs |  | — |  |  | 60,960 |  |  | 60,960 |  |  |
Oil |  | — |  |  | 4,867 |  |  | 4,867 |  |  |
Total natural gas, NGL, and oil sales |  | 15,990 |  |  | 205,938 |  |  | 221,928 |  |  |
Merchant energy sales and other |  | — |  |  | 70,828 |  |  | 70,828 |  |  |
Energy retail sales |  | — |  |  | 40,551 |  |  | 40,551 |  |  |
Solar revenue |  | — |  |  | 111 |  |  | 111 |  |  |
Physical power purchased |  | — |  |  | (37,128) |  |  | (37,128) |  |  |
Revenue from contracts with customers - power |  | — |  |  | 74,362 |  |  | 74,362 |  |  |
Marketing revenues |  | — |  |  | 26,162 |  |  | 26,162 |  |  |
Total |  | $ | 15,990 |  |  | $ | 306,462 |  |  | $ | 322,452 |  |  |
|  | Three Months Ended June 30, 2025 |  |
(in thousands) |  | Pennsylvania |  | Texas |  | Total |  |
Natural gas |  | $ | 15,035 |  |  | $ | 140,527 |  |  | $ | 155,562 |  |  |
NGLs |  | — |  |  | 41,630 |  |  | 41,630 |  |  |
Oil |  | — |  |  | 2,537 |  |  | 2,537 |  |  |
Total natural gas, NGL, and oil sales |  | 15,035 |  |  | 184,694 |  |  | 199,729 |  |  |
Merchant energy sales and other |  | — |  |  | 55,715 |  |  | 55,715 |  |  |
Energy retail sales |  | — |  |  | 38,868 |  |  | 38,868 |  |  |
Solar revenue |  | — |  |  | 107 |  |  | 107 |  |  |
Physical power purchased |  | — |  |  | (32,766) |  |  | (32,766) |  |  |
Revenue from contracts with customers - power |  | — |  |  | 61,924 |  |  | 61,924 |  |  |
Marketing revenues |  | — |  |  | 6,968 |  |  | 6,968 |  |  |
Other(1) |  | — |  |  | 22 |  |  | 22 |  |  |
Total |  | $ | 15,035 |  |  | $ | 253,608 |  |  | $ | 268,643 |  |  |
|  | Six Months Ended June 30, 2026 |  |
(in thousands) |  | Pennsylvania |  | Texas |  | Total |  |
Natural gas |  | $ | 46,898 |  |  | $ | 349,354 |  |  | $ | 396,252 |  |  |
NGLs |  | — |  |  | 105,720 |  |  | 105,720 |  |  |
Oil |  | — |  |  | 7,631 |  |  | 7,631 |  |  |
Total natural gas, NGL, and oil sales |  | 46,898 |  |  | 462,705 |  |  | 509,603 |  |  |
Merchant energy sales and other |  | — |  |  | 165,659 |  |  | 165,659 |  |  |
Energy retail sales |  | — |  |  | 70,352 |  |  | 70,352 |  |  |
Solar revenue |  | — |  |  | 203 |  |  | 203 |  |  |
Physical power purchased |  | — |  |  | (92,862) |  |  | (92,862) |  |  |
Revenue from contracts with customers - power |  | — |  |  | 143,352 |  |  | 143,352 |  |  |
Marketing revenues |  | — |  |  | 46,043 |  |  | 46,043 |  |  |
Total |  | $ | 46,898 |  |  | $ | 652,100 |  |  | $ | 698,998 |  |  |
|  | Six Months Ended June 30, 2025 |  |
(in thousands) |  | Pennsylvania |  | Texas |  | Total |  |
Natural gas |  | $ | 39,607 |  |  | $ | 283,938 |  |  | $ | 323,545 |  |  |
NGLs |  | — |  |  | 86,313 |  |  | 86,313 |  |  |
Oil |  | — |  |  | 5,997 |  |  | 5,997 |  |  |
Total natural gas, NGL, and oil sales |  | 39,607 |  |  | 376,248 |  |  | 415,855 |  |  |
Merchant energy sales and other |  | — |  |  | 115,246 |  |  | 115,246 |  |  |
Energy retail sales |  | — |  |  | 68,528 |  |  | 68,528 |  |  |
Solar revenue |  | — |  |  | 193 |  |  | 193 |  |  |
Physical power purchased |  | — |  |  | (78,179) |  |  | (78,179) |  |  |
Revenue from contracts with customers - power |  | — |  |  | 105,788 |  |  | 105,788 |  |  |
Marketing revenues |  | — |  |  | 19,425 |  |  | 19,425 |  |  |
Other(1) |  | — |  |  | 73 |  |  | 73 |  |  |
Total |  | $ | 39,607 |  |  | $ | 501,534 |  |  | $ | 541,141 |  |  |
_____________________________________________ (1) Excludes gains (losses) on sales of assets. Accounts Receivable and Revenue from Contracts with Customers Substantially all of the Company’s accounts receivable, net result from the sale of natural gas, joint interest billings, and power sales. The Company sells the significant majority of its natural gas, NGLs, and oil to fewer than five customers and bills working interest owners for costs related to development of the Company’s natural gas properties. The Company sells power to retail and wholesale customers on the ERCOT power grid. As of June 30, 2026 and December 31, 2025, the Company’s accounts receivable, net consisted of the following:
(in thousands) |  | June 30, 2026 |  | December 31, 2025
Accounts receivable - contracts with customers(1) |  | $ | 75,624 |  |  | $ | 97,307 |
Accounts receivable - derivative instruments |  | 39,566 |  |  | 11,384 |
Accounts receivable - other |  | 26,774 |  |  | 21,656 |
Allowance for credit losses |  | (839) |  |  | (1,270) |
Total accounts receivable, net |  | $ | 141,125 |  |  | $ | 129,077 |
_________________________________________________ (1)As of June 30, 2026, there was no significant concentration of customers, and as of December 31, 2025, one customer accounted for 62% of accounts receivable - contracts with customers. For the three months ended June 30, 2026, three customers each accounted for approximately 31%, 14%, and 10% of the Company's revenue from contracts with customers, totaling $101.0 million, $46.6 million, and $33.7 million, respectively, and for the six months ended June 30, 2026, the same three customers accounted for 48.3%, 11.4%, and 10.4% of the Company's revenue from contracts with customers, totaling $337.7 million, $79.7 million, and $72.8 million, respectively. For the three months ended June 30, 2025, two customers accounted for 57% and 14% of revenue, totaling $152.1 million and $38.4 million, respectively, and during the six months ended June 30, 2025, the same two customers accounted for 59% and 15% of revenue, totaling $319.5 million and $79.1 million, respectively, of the Company's revenue from contracts with customers.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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