v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating Activities    
Net income including noncontrolling interest $ 124,542,000 $ 270,920,000
Adjustments to reconcile net income to net cash provided by continuing operations activities    
Depreciation, depletion and amortization 453,484,000 426,677,000
Accretion of asset retirement obligations 28,477,000 25,827,000
Long-term non-cash compensation 22,016,000 21,823,000
Deferred income tax expense 21,216,000 53,928,000
Amortization of undeveloped leases 3,909,000 5,778,000
Mark-to-market loss on derivative instruments (1,371,000) 0
Unsuccessful exploration well costs and previously suspended exploration costs (776,000) 58,280,000
(Income) loss from discontinued operations (669,000) 1,515,000
Impairment of assets 0 34,528,000
Other operating activities, net (2,000) (33,959,000)
Net decrease in non-cash working capital 7,905,000 1,126,000
Net cash provided by continuing operations activities 658,731,000 866,443,000
Investing Activities    
Property additions and dry hole costs (678,043,000) (516,876,000)
Acquisition of oil and natural gas properties (1,383,000) 0
Net cash required by investing activities (679,426,000) (516,876,000)
Financing Activities    
Borrowings on revolving credit facility 350,000,000 200,000,000
Repayment of revolving credit facility (150,000,000) (200,000,000)
Retirement of debt 0 (50,000,000)
Repurchase of common stock (102,620,000) (105,887,000)
Cash dividends paid (93,412,000) (91,545,000)
Withholding tax on stock-based incentive awards (7,654,000) (25,298,000)
Distributions to noncontrolling interest (18,165,000) (61,210,000)
Finance lease obligation payments (486,000) (331,000)
Issue costs of revolving debt facility (18,000) 0
Net cash required by financing activities (22,355,000) (334,271,000)
Effect of exchange rate changes on cash and cash equivalents (888,000) 1,249,000
Net (decrease) increase in cash and cash equivalents (43,938,000) 16,545,000
Cash and cash equivalents at beginning of period 423,569,000 317,074,000
Cash and cash equivalents at end of period $ 379,631,000 $ 333,619,000