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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income $ 129,174 $ 25,704 [1]
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion, amortization, and accretion 108,253 97,385 [1]
Equity-based compensation expense 10,306 6,136 [1]
Deferred income tax expense (benefit) 31,619 (2,255) [1]
Unrealized (gains) losses on derivatives, net (59,343) 35,918 [1]
Impairment of asset held for sale 3,516 2,446 [1]
Settlement of contingent consideration 0 (20,000) [1]
Payments for the purchase of put options 0 (16,206) [1]
Other, net 3,348 5,390 [1]
Changes in operating assets and liabilities:    
Accounts receivable, net (13,001) (14,617) [1]
Accounts receivable, related party 868 3,624 [1]
Accounts payable and accrued liabilities (32,479) (19,831) [1]
Other changes in operating assets and liabilities (530) 2,054 [1]
Net cash provided by operating activities 181,731 105,748 [1]
Cash flows from investing activities:    
Asset acquisition (118,746) 0 [1]
Deposits on fixed asset purchases (158,507) (7,500) [1]
Capital expenditures (193,365) (124,102) [1]
Proceeds from sales of assets 473 1,258 [1]
Other investing activities, net [1] 264 257
Net cash used in investing activities (469,881) (130,087) [1]
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of underwriting discounts and commissions 185,504 0 [1]
Acquisition of additional interest in BKV-BPP Power (115,136) 0 [1]
Payment of debt issuance costs (892) (720) [1]
Payments on Temple Term Loan Facility (19,885) (5,000) [1]
Proceeds from Promissory Note 46,000 0 [1]
Payments on Temple I Loan Agreements (15,000) 0 [1]
Proceeds under RBL Credit Agreement 570,000 355,000 [1]
Payments on RBL Credit Agreement (470,000) (320,000) [1]
Net share settlements, equity-based compensation (2,132) (1,204) [1]
Contributions from noncontrolling interest 13,400 4,353 [1]
Common stock issued from employee purchase plan 277 0 [1]
Net cash provided by financing activities 192,136 32,429 [1]
Net increase (decrease) in cash, cash equivalents, and restricted cash (96,014) 8,090 [1]
Cash, cash equivalents, and restricted cash, beginning of period 168,259 105,088 [1]
Cash, cash equivalents, and restricted cash, end of period 168,259 105,088 [1]
Non-cash investing and financing activities:    
Increase (decrease) in accrued capital expenditures (2,373) 12,965 [2]
Additions to asset retirement obligations 109 80 [2]
Lease liabilities arising from obtaining right-of-use assets 5,685 0 [2]
Modification of lease contracts (1,783) 0 [2]
Revision of asset retirement obligations (35,172) 0 [2]
Accretion of Class B Units to redemption value 2,541 281 [2]
Distributions payable to noncontrolling interest 0 6,870 [2]
Related Party    
Supplemental cash flow information:    
Interest 8,555 10,208 [2]
Income tax 978 0 [2]
Nonrelated Party    
Supplemental cash flow information:    
Interest 44,801 30,627 [2]
Income tax $ 0 $ 197 [2]
[1] The financial information presented in this Quarterly Report on Form 10-Q has been retrospectively adjusted for the BKV-BPP Power Joint Venture Transaction, which was accounted for as a transaction between entities under common control, with prior periods recast as if the transaction had occurred at the beginning of the earliest period presented. See Note 2 - Acquisition for further information.
[2] The financial information presented in this Quarterly Report on Form 10-Q has been retrospectively adjusted for the BKV-BPP Power Joint Venture Transaction, which was accounted for as a transaction between entities under common control, with prior periods recast as if the transaction had occurred at the beginning of the earliest period presented. See Note 2 - Acquisition for further information.