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Fair value measurements (Tables)
9 Months Ended
Sep. 30, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Hierarchy for Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following tables present the Company's derivatives by (i) balance sheet classification, (ii) derivative type and (iii) fair value hierarchy level, and provide a total, on a gross basis and a net basis reflected in "Derivatives" on the consolidated balance sheets as of the dates presented:
September 30, 2025
(in thousands)Level 1Level 2Level 3Total gross fair valueAmounts offsetNet fair value presented on the consolidated balance sheets
Assets:
Current:
Commodity$— $158,376 $— $158,376 $(9,095)$149,281 
Contingent consideration— — 51 51 — 51 
Noncurrent:
Commodity— (1,834)— (1,834)4,324 2,490 
Contingent consideration— — 18,470 18,470 — 18,470 
Liabilities:
Current:
Commodity— (9,095)— (9,095)9,095 — 
Noncurrent:
Commodity— (21,513)— (21,513)(4,324)(25,837)
Net derivative asset (liability) positions$— $125,934 $18,521 $144,455 $— $144,455 
December 31, 2024
(in thousands)Level 1Level 2Level 3Total gross fair valueAmounts offsetNet fair value presented on the consolidated balance sheets
Assets:
Current:
Commodity$— $98,825 $— $98,825 $2,638 $101,463 
Contingent consideration— — 11 11 — 11 
Noncurrent:
Commodity— 28,126 — 28,126 (9,866)18,260 
Contingent consideration— — 16,304 16,304 — 16,304 
Liabilities:
Current:
Commodity— 2,638 — 2,638 (2,638)— 
Noncurrent:
Commodity— (15,680)— (15,680)9,866 (5,814)
Net derivative asset (liability) positions$— $113,909 $16,315 $130,224 $— $130,224 
Schedule of Changes in Contingent Consideration Derivatives
The following table summarizes the changes in contingent consideration derivatives classified as Level 3 measurements for the periods presented:
Three months ended September 30,Nine months ended September 30,
(in thousands)2025202420252024
Balance of Level 3 at beginning of period$25,230 $33,027 $16,315 $31,106 
Change in Sixth Street Contingent Consideration fair value(6,709)(10,550)2,206 (8,629)
Balance of Level 3 at end of period$18,521 $22,477 $18,521 $22,477 
Schedule of Carrying Amount and Fair Value of Debt Instruments The following table presents the carrying amounts and fair values of the Company's debt as of the dates presented:
 September 30, 2025December 31, 2024
(in thousands)
Carrying
amount(1)
Fair
value(2)
Carrying
amount(1)
Fair
value(2)
Debt$2,305,578 $2,284,715 $2,480,578 $2,455,032 
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(1)Amounts presented do not include issuance premiums or discounts.
(2)The fair values of the outstanding notes were determined using the Level 2 fair value hierarchy quoted market prices for each respective instrument as of September 30, 2025 and December 31, 2024. The fair values of the outstanding amounts under the Senior Secured Credit Facility approximate the carrying values based on short-term floating interest rates available to the Company as of September 30, 2025 and December 31, 2024.