Schedule of Segment Reporting |
The following tables present selected financial information with respect to the Company's one operating segment for the three and six months ended June 30, 2025 and 2024 (in thousands): | | | | | | | | | | | | | Three Months Ended June 30, 2025 | | Three Months Ended June 30, 2024 | Total revenues | $ | 447,616 | | | $ | 181,117 | | Significant segment expenses | | | | Lease operating expenses | 17,628 | | | 15,817 | | Taxes other than income | 7,556 | | | 7,018 | | Transportation, gathering, processing and compression | 86,508 | | | 86,529 | | Depreciation, depletion, and amortization | 73,643 | | | 78,553 | | General and administrative | 10,926 | | | 10,752 | | Interest expense | 13,731 | | | 15,158 | | Other segment expenses(1) | 1,488 | | | 1,089 | | Income tax expense (benefit) | 51,670 | | | (7,587) | | Total significant segment expenses | 263,150 | | | 207,329 | | Net income (loss) | $ | 184,466 | | | $ | (26,212) | | | | | | Capital expenditures(2) | $ | 139,543 | | | $ | 149,733 | | _____________________(1) Other segment expenses include “Accretion expense” and “Other, net” from the consolidated statements of operations. (2) Capital expenditures include capitalized general and administrative costs and capitalized interest expense.
| | | | | | | | | | | | | Six Months Ended June 30, 2025 | | Six Months Ended June 30, 2024 | Total revenues | $ | 644,650 | | | $ | 464,346 | | Significant segment expenses | | | | Lease operating expenses | 37,911 | | | 32,625 | | Taxes other than income | 14,182 | | | 15,278 | | Transportation, gathering, processing and compression | 169,378 | | | 173,148 | | Depreciation, depletion, and amortization | 139,265 | | | 158,576 | | General and administrative | 19,927 | | | 19,950 | | Interest expense | 27,087 | | | 30,161 | | Other segment expenses(1) | 1,404 | | | 1,519 | | Income tax expense | 51,494 | | | 7,266 | | Total significant segment expenses | 460,648 | | | 438,523 | | Net income | $ | 184,002 | | | $ | 25,823 | | | | | | Capital expenditures(2) | $ | 309,568 | | | $ | 282,808 | | _____________________(1) Other segment expenses include “Accretion expense” and “Other, net” from the consolidated statements of operations. (2) Capital expenditures include capitalized general and administrative costs and capitalized interest expense.
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