v3.25.2
Consolidated statements of operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Total revenues $ 429,627 $ 476,371 $ 941,807 $ 958,710
Costs and expenses:        
Lease operating expenses 107,750 113,742 211,235 219,470
Production and ad valorem taxes 26,356 27,079 59,581 57,693
General and administrative 23,791 23,573 46,471 52,929
Organizational restructuring expenses 4,627 0 4,627 0
Depletion, depreciation and amortization 186,424 174,298 376,324 340,405
Impairment expense 427,046 0 585,287 0
Other operating expenses, net 2,263 2,593 4,176 3,611
Total costs and expenses 794,286 358,572 1,320,606 703,604
Gain (loss) on disposal of assets, net 1,255 36 1,365 166
Operating income (loss) (363,404) 117,835 (377,434) 255,272
Non-operating income (expense):        
Gain (loss) on derivatives, net $ 68,993 $ 7,658 $ 113,164 $ (144,489)
Derivative, gain (loss), statement of income or comprehensive income [extensible enumeration] Total non-operating income (expense), net Total non-operating income (expense), net Total non-operating income (expense), net Total non-operating income (expense), net
Interest expense $ (49,854) $ (40,690) $ (100,234) $ (84,111)
Loss on extinguishment of debt, net 0 (40,301) 0 (66,115)
Other income (expense), net 863 2,609 1,216 4,674
Total non-operating income (expense), net 20,002 (70,724) 14,146 (290,041)
Income (loss) before income taxes (343,402) 47,111 (363,288) (34,769)
Income tax benefit (expense) (239,170) (10,409) (238,121) 5,340
Net income (loss) (582,572) 36,702 (601,409) (29,429)
Preferred stock dividends 0 (303) 0 (652)
Net income (loss) available to common stockholders $ (582,572) $ 36,399 $ (601,409) $ (30,081)
Net income (loss) per common share:        
Basic (in dollars per share) $ (15.43) $ 1.00 $ (15.97) $ (0.84)
Diluted (in dollars per share) $ (15.43) $ 0.98 $ (15.97) $ (0.84)
Weighted-average common shares outstanding:        
Basic (in shares) 37,761 36,381 37,670 35,973
Diluted (in shares) 37,761 37,605 37,670 35,973
Oil sales        
Revenues:        
Total revenues $ 365,605 $ 441,667 $ 787,937 $ 857,451
NGL sales        
Revenues:        
Total revenues 51,046 39,870 112,785 86,945
Natural gas sales        
Revenues:        
Total revenues 10,631 (5,371) 37,969 12,874
Other operating revenues        
Revenues:        
Total revenues 2,345 205 3,116 1,440
Oil transportation and marketing expenses        
Costs and expenses:        
Cost of goods and services sold 10,649 12,199 20,769 22,032
Gas gathering, processing and transportation expenses        
Costs and expenses:        
Cost of goods and services sold $ 5,380 $ 5,088 $ 12,136 $ 7,464