v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Restricted cash $ 210,000  
Accounts receivable 33,773 $ 34,413
Accrued revenue 473,453 453,613
Derivative instruments 68,913 1,050
Prepaid expenses 14,554 12,423
Current assets held for sale 20,269  
Other current assets 10,818 6,047
Total current assets 831,780 507,546
Oil and gas properties, at cost (successful efforts method):    
Unproved properties 796,705 879,483
Proved properties 14,049,003 14,395,680
Gathering systems and facilities   5,802
Other property and equipment 113,020 105,871
Property and equipment, gross 14,958,728 15,386,836
Less accumulated depletion, depreciation and amortization (5,753,416) (5,699,286)
Property and equipment, net 9,205,312 9,687,550
Operating leases right-of-use assets 2,132,509 2,549,398
Derivative instruments 12,524 1,296
Investment in unconsolidated affiliate 245,653 231,048
Assets held for sale 754,737  
Other assets 62,892 33,212
Total assets 13,245,407 13,010,050
Current liabilities:    
Accrued liabilities 338,847 402,591
Revenue distributions payable 384,777 315,932
Derivative instruments   31,792
Short-term lease liabilities 516,256 493,894
Deferred revenue, VPP 23,502 25,264
Current liabilities held for sale 62,310  
Other current liabilities 26,653 3,175
Total current liabilities 1,503,313 1,445,927
Long-term liabilities:    
Long-term debt 1,397,976 1,489,230
Deferred income tax liability, net 907,306 693,341
Derivative instruments   17,233
Long-term lease liabilities 1,612,288 2,050,337
Deferred revenue, VPP 11,946 35,448
Liabilities held for sale 39,789  
Other liabilities 57,140 62,001
Total liabilities 5,529,758 5,793,517
Commitments and contingencies
Equity:    
Preferred stock, $0.01 par value; authorized - 50,000 shares; none issued
Common stock, $0.01 par value; authorized - 1,000,000 shares; 311,165 and 308,510 shares issued and outstanding as of December 31, 2024 and December 31, 2025, respectively 3,085 3,111
Additional paid-in capital 5,865,447 5,909,373
Retained earnings 1,682,295 1,109,166
Total stockholders' equity 7,550,827 7,021,650
Noncontrolling interests 164,822 194,883
Total equity 7,715,649 7,216,533
Total liabilities and equity 13,245,407 13,010,050
Affiliated Entity    
Current liabilities:    
Accounts payable 101,454 111,066
Nonrelated Party    
Current liabilities:    
Accounts payable $ 49,514 $ 62,213