v3.25.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income $ 40,832 $ 47,733
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 153,380 161,803
Amortization of deferred financing costs and long-term debt discount 2,807 2,603
Share-based compensation 14,436 11,307
Commodity derivatives losses 101 10,657
Net cash received for commodity derivatives settlements 1,710 6,316
Deferred tax benefit (6,523) (7,494)
Change in operating assets and liabilities:    
Accrued revenue and accounts receivable (2,446) (22,107)
Prepaid assets (915) 10,547
Other long-term assets 680 667
Accounts payable and accrued expenses (14,532) (3,487)
Operating lease liabilities and other long-term liabilities (560) (493)
Net cash provided by operating activities 188,970 218,052
Cash flows from investing activities:    
Purchases of oil and gas properties, net of post-close adjustments (22,421) (177,424)
Other, net (210) (237)
Net cash used in investing activities (22,631) (177,661)
Cash flows from financing activities:    
Borrowings on credit facilities 150,000 279,000
Repayments on credit facilities (149,650) (96,000)
Distributions to noncontrolling interest (72,887) (68,402)
Dividends paid to Class A stockholders (59,083) (75,016)
Dividend equivalent rights paid (1,731) (707)
Cash paid for taxes related to net settlement of share-based compensation awards (3,268) (1,770)
Net cash used in financing activities (169,246) (39,238)
Net change in cash and cash equivalents (2,907) 1,153
Cash and cash equivalents, beginning of period 3,290 15,195
Cash and cash equivalents, end of period 383 16,348
Supplemental disclosure of non-cash transactions:    
Decrease in current liabilities for additions to property and equipment: 222 0
Supplemental disclosure of cash flow information:    
Cash paid for income taxes: 29,632 2,769
Cash paid for interest expense: 42,549 41,230
2028 Senior Notes    
Cash flows from financing activities:    
Debt issuance costs (147) (126)
Class A Common Stock    
Cash flows from financing activities:    
Repurchases of Common Stock (32,480) (54,075)
Class C Common Stock    
Cash flows from financing activities:    
Repurchases of Common Stock 0 (22,142)
Commodity Contract    
Adjustments to reconcile net income to net cash provided by operating activities:    
Commodity derivatives losses $ 101 $ 10,657