v3.25.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 51,694 $ 84,972
Receivables 117,819 164,959
Inventories 163,182 170,871
Prepaid expenses and other 14,690 16,414
Derivatives 15,995 8,916
Total current assets 363,380 446,132
Property and equipment, net 4,357,812 4,444,221
Other assets:    
Restricted cash 305 305
Long-term receivables 444,749 385,463
Deferred tax assets 4,008 4,717
Derivatives 3,673 512
Other 39,079 27,638
Total assets 5,213,006 5,308,988
Current liabilities:    
Accounts payable 312,928 349,994
Accrued liabilities 240,585 244,954
Current maturities of long-term debt 250,000 0
Derivatives 5,770 0
Total current liabilities 809,283 594,948
Long-term liabilities:    
Long-term debt, net 2,600,553 2,744,712
Derivatives 626 0
Asset retirement obligations 425,116 406,886
Deferred tax liabilities 314,359 313,433
Other long-term liabilities 45,285 48,585
Total long-term liabilities 3,385,939 3,513,616
Stockholders’ equity:    
Preference shares, $0.01 par value; 200,000,000 authorized shares; zero issued at June 30, 2025 and December 31, 2024 0 0
Common stock, $0.01 par value; 2,000,000,000 authorized shares; 522,483,129 and 516,158,749 issued at June 30, 2025 and December 31, 2024, respectively 5,225 5,162
Additional paid-in capital 2,530,382 2,514,739
Accumulated deficit (1,280,816) (1,082,470)
Treasury stock, at cost, 44,263,269 shares at June 30, 2025 and December 31, 2024, respectively (237,007) (237,007)
Total stockholders’ equity 1,017,784 1,200,424
Total liabilities and stockholders’ equity $ 5,213,006 $ 5,308,988