v3.26.1
Condensed Consolidated Statements of Operations (unaudited) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
REVENUES    
Oil, natural gas and natural gas liquids sales $ 905 $ 814
Net (loss) gain from commodity sales derivatives (848) 6
Total operating revenues 119 912
OPERATING EXPENSES    
Operating costs 365 316
General and administrative expenses 106 72
Depreciation, depletion and amortization 133 131
Taxes other than on income 67 70
Accretion expense 27 29
Net loss (gain) from natural gas purchase derivatives 24 (6)
Measurement period adjustments, net 0 1
Other operating expenses, net 54 33
Total operating expenses 830 726
OPERATING (LOSS) INCOME (711) 186
NON-OPERATING (EXPENSES) INCOME    
Interest and debt expense, net (29) (27)
Loss on early extinguishment of debt (21) (1)
Equity loss from unconsolidated subsidiaries (2) (1)
Other non-operating income, net 3 5
(LOSS) INCOME BEFORE INCOME TAXES (760) 162
Income tax benefit (provision) 49 (47)
NET (LOSS) INCOME $ (711) $ 115
Net (loss) income per share    
Basic (in dollars per share) $ (8.02) $ 1.27
Diluted (in dollars per share) $ (8.02) $ 1.26
Weighted-average common shares outstanding    
Basic (in shares) 88.7 90.6
Diluted (in shares) 88.7 91.2
Revenue from marketing of purchased commodities    
REVENUES    
Other revenue $ 41 $ 64
OPERATING EXPENSES    
Costs of sales 23 50
Electricity revenue    
REVENUES    
Other revenue 11 22
Other revenue    
REVENUES    
Other revenue 10 6
Electricity generation expenses    
OPERATING EXPENSES    
Costs of sales 5 10
Transportation costs    
OPERATING EXPENSES    
Costs of sales $ 26 $ 20