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Consolidated statements of cash flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income (loss) $ (954,931) $ 185,871
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Share-settled equity-based compensation, net 9,997 11,248
Depletion, depreciation and amortization 556,840 527,468
Impairment expense 1,005,242 0
Mark-to-market on derivatives:    
(Gain) loss on derivatives, net (169,233) (82,064)
Settlements received (paid) for matured derivatives, net 155,002 10,751
Loss on extinguishment of debt, net 0 66,115
Deferred income tax (benefit) expense 233,714 52,278
Other, net 29,785 19,608
Changes in operating assets and liabilities:    
Accounts receivable, net 71,479 13,815
Other current assets (8,585) (7,667)
Other noncurrent assets, net (5,813) (836)
Accounts payable and accrued liabilities 10,451 (21,281)
Undistributed revenue and royalties (44,764) (19,593)
Other current liabilities 22,957 (1,432)
Other noncurrent liabilities (22,263) (11,125)
Net cash provided by (used in) operating activities 889,878 743,156
Cash flows from investing activities:    
Acquisitions of oil and natural gas properties, net (1,636) (831,225)
Capital expenditures:    
Oil and natural gas properties (756,640) (633,279)
Midstream and other fixed assets (7,432) (16,630)
Proceeds from dispositions of capital assets, net of selling costs 33,059 2,741
Other, net 766 (1,776)
Net cash provided by (used in) investing activities (731,883) (1,480,169)
Cash flows from financing activities:    
Borrowings on Senior Secured Credit Facility 450,000 1,440,000
Payments on Senior Secured Credit Facility (625,000) (715,000)
Issuance of senior unsecured notes 0 1,001,500
Extinguishment of debt 0 (952,214)
Stock exchanged for tax withholding (3,966) (3,533)
Payments for debt issuance costs 0 (21,738)
Other, net (4,511) (3,871)
Net cash provided by (used in) financing activities (183,477) 745,144
Net increase (decrease) in cash and cash equivalents (25,482) 8,131
Cash and cash equivalents, beginning of period 40,179 14,061
Cash and cash equivalents, end of period $ 14,697 $ 22,192