v3.25.2
Consolidated statements of cash flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income (loss) $ (601,409) $ (29,429)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Share-settled equity-based compensation, net 6,837 7,435
Depletion, depreciation and amortization 376,324 340,405
Impairment expense 585,287 0
Mark-to-market on derivatives:    
(Gain) loss on derivatives, net (113,164) 144,489
Settlements received (paid) for matured derivatives, net 100,245 (18,262)
Loss on extinguishment of debt, net 0 66,115
Deferred income tax (benefit) expense 236,289 (7,577)
Other, net 19,870 12,429
Changes in operating assets and liabilities:    
Accounts receivable, net 56,742 13,662
Other current assets (3,068) (7,607)
Other noncurrent assets, net (4,309) 1,549
Accounts payable and accrued liabilities (26,990) (16,867)
Undistributed revenue and royalties (15,148) 16,268
Other current liabilities 1,018 (20,383)
Other noncurrent liabilities (15,198) (5,236)
Net cash provided by (used in) operating activities 603,326 496,991
Cash flows from investing activities:    
Acquisitions of oil and natural gas properties, net (1,636) (4,679)
Capital expenditures:    
Oil and natural gas properties (488,541) (417,706)
Midstream and other fixed assets (4,675) (9,178)
Proceeds from dispositions of capital assets, net of selling costs 22,289 180
Other, net 1,140 (952)
Net cash provided by (used in) investing activities (471,423) (432,335)
Cash flows from financing activities:    
Borrowings on Senior Secured Credit Facility 365,000 405,000
Payments on Senior Secured Credit Facility (500,000) (450,000)
Issuance of senior unsecured notes 0 1,001,500
Extinguishment of debt 0 (952,214)
Stock exchanged for tax withholding (3,956) (3,420)
Payments for debt issuance costs 0 (20,285)
Other, net (2,932) (2,734)
Net cash provided by (used in) financing activities (141,888) (22,153)
Net increase (decrease) in cash and cash equivalents (9,985) 42,503
Cash and cash equivalents, beginning of period 40,179 14,061
Cash and cash equivalents, end of period $ 30,194 $ 56,564