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Revenue from Contracts with Customers
 6 Months Ended
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)PennsylvaniaTexasTotal
Natural gas$15,990 $140,111 $156,101 
NGLs— 60,960 60,960 
Oil— 4,867 4,867 
Total natural gas, NGL, and oil sales15,990 205,938 221,928 
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)PennsylvaniaTexasTotal
Natural gas$15,035 $140,527 $155,562 
NGLs— 41,630 41,630 
Oil— 2,537 2,537 
Total natural gas, NGL, and oil sales15,035 184,694 199,729 
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)PennsylvaniaTexasTotal
Natural gas$46,898 $349,354 $396,252 
NGLs— 105,720 105,720 
Oil— 7,631 7,631 
Total natural gas, NGL, and oil sales46,898 462,705 509,603 
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)PennsylvaniaTexasTotal
Natural gas$39,607 $283,938 $323,545 
NGLs— 86,313 86,313 
Oil— 5,997 5,997 
Total natural gas, NGL, and oil sales39,607 376,248 415,855 
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 
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(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, 2026December 31, 2025
Accounts receivable - contracts with customers(1)
$75,624 $97,307 
Accounts receivable - derivative instruments39,566 11,384 
Accounts receivable - other26,774 21,656 
Allowance for credit losses(839)(1,270)
Total accounts receivable, net$141,125 $129,077 
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(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.