v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net income $ 105,547 $ 81,218
Adjustments to reconcile net income to cash provided by operating activities    
Depreciation, depletion, amortization and accretion 130,683 135,531
(Gain) loss on derivative instruments (14,886) 33,903
Loss on debt extinguishment 18,540 0
Cash receipts on settlement of derivative contracts, net 9,821 3,384
Debt issuance costs amortization 2,363 3,494
Equity based compensation 4,215 3,482
Adjustments to expected credit losses 125 647
(Gain) on sale of assets (167) (309)
Settlement of asset retirement obligations (287) (418)
Changes in operating assets and liabilities (decreasing) increasing cash:    
Accounts receivable 28,679 (24,381)
Revenue payable (10,314) 21,592
Accounts payable and accrued liabilities 10,653 2,280
Other (12,312) 361
Net cash provided by operating activities 272,660 260,784
Cash flows from investing activities    
Capital expenditures for oil and natural gas properties (110,118) (116,441)
Capital expenditures for other property and equipment (3,793) (7,032)
Acquisition of assets (101,375) (1,258)
Proceeds from sales of oil and natural gas properties 2,678 38,975
Proceeds from sales of other property and equipment 217 495
Net cash used in investing activities (212,391) (85,261)
Cash flows from financing activities    
Proceeds from offering, net of offering costs 221,060 0
Repayments of borrowings on term note (763,125) (20,625)
Payments of debt extinguishment costs (7,741) 0
Proceeds from borrowings on credit facilities 693,000 0
Repayments of borrowings on credit facilities (128,000) 0
Debt issuance costs (14,695) (882)
Distributions to unitholders (152,683) (161,617)
Withholding taxes paid on vesting of phantom units (84) (570)
Net cash used in financing activities (152,268) (183,694)
Net (decrease) in cash and cash equivalents (91,999) (8,171)
Cash and cash equivalents, beginning of period 105,776 152,792
Cash and cash equivalents, end of period $ 13,777 $ 144,621