Segment Information (Tables)

3 Months Ended

Mar. 31, 2026

The table below provides information about the Company’s single reportable segment:


	Three Months Ended March 31,
	2026		2025
	(in thousands)

Total revenues	$	1,182,830	$	950,172
Less:
Lease and asset operating expense	234,156		192,005
Workover expense	30,340		16,022
Gathering, processing and transportation	102,075		105,287
Production and other taxes	55,699		60,381
Depreciation, depletion and amortization	354,125		282,573
Impairment expense	—		45,647
Midstream and other operating expense	6,746		29,816
General and administrative expense excluding equity-based compensation	38,300		30,132
Equity-based compensation expense	24,500		26,638
Interest expense	104,574		73,182
Other segment items	651,491		82,578
Net income (loss)	$	(419,176)	$	5,911

Total development of oil and natural gas properties	$	384,724	$	207,542