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Consolidated statements of operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Total revenues $ 420,826 $ 459,234 $ 1,362,633 $ 1,417,944
Costs and expenses:        
Lease operating expenses 114,259 107,686 325,494 327,156
Production and ad valorem taxes 20,525 27,244 80,106 84,937
General and administrative 25,046 22,005 71,517 74,934
Organizational restructuring expenses 0 0 4,627 0
Depletion, depreciation and amortization 180,516 187,063 556,840 527,468
Impairment expense 419,955 0 1,005,242 0
Other operating expenses, net 6,280 1,754 10,456 5,365
Total costs and expenses 783,882 372,130 2,104,488 1,075,734
Gain (loss) on disposal of assets, net 685 839 2,050 1,005
Operating income (loss) (362,371) 87,943 (739,805) 343,215
Non-operating income (expense):        
Gain (loss) on derivatives, net $ 56,069 $ 226,553 $ 169,233 $ 82,064
Derivative, gain (loss), statement of income or comprehensive income [extensible enumeration] Total non-operating income (expense), net Total non-operating income (expense), net Total non-operating income (expense), net Total non-operating income (expense), net
Interest expense $ (49,994) $ (40,119) $ (150,228) $ (124,230)
Loss on extinguishment of debt, net 0 0 0 (66,115)
Other income (expense), net 999 1,247 2,215 5,921
Total non-operating income (expense), net 7,074 187,681 21,220 (102,360)
Income (loss) before income taxes (355,297) 275,624 (718,585) 240,855
Income tax benefit (expense) 1,775 (60,324) (236,346) (54,984)
Net income (loss) (353,522) 215,300 (954,931) 185,871
Preferred stock dividends 0 0 0 (652)
Net income (loss) available to common stockholders $ (353,522) $ 215,300 $ (954,931) $ 185,219
Net income (loss) per common share:        
Basic (in dollars per share) $ (9.35) $ 5.75 $ (25.32) $ 5.08
Diluted (in dollars per share) $ (9.35) $ 5.73 $ (25.32) $ 4.97
Weighted-average common shares outstanding:        
Basic (in shares) 37,801 37,459 37,714 36,472
Diluted (in shares) 37,801 37,580 37,714 37,370
Oil sales        
Revenues:        
Total revenues $ 367,511 $ 416,668 $ 1,155,448 $ 1,274,119
NGL sales        
Revenues:        
Total revenues 42,929 41,807 155,714 128,752
Natural gas sales        
Revenues:        
Total revenues 9,206 (9,724) 47,175 3,150
Sales/Costs of purchased oil        
Revenues:        
Total revenues 0 8,986 0 8,986
Costs and expenses:        
Cost of goods and services sold 0 9,331 0 9,331
Other operating revenues        
Revenues:        
Total revenues 1,180 1,497 4,296 2,937
Oil transportation and marketing expenses        
Costs and expenses:        
Cost of goods and services sold 10,527 12,445 31,296 34,477
Gas gathering, processing and transportation expenses        
Costs and expenses:        
Cost of goods and services sold $ 6,774 $ 4,602 $ 18,910 $ 12,066