| Schedule of Segment Reporting |
The following table presents selected financial information with respect to the Company's one operating segment (in thousands): | | | | | | | | | | | | | Three Months Ended March 31, 2026 | | Three Months Ended March 31, 2025 | | Total revenues | $ | 437,532 | | | $ | 197,034 | | | Significant segment expenses | | | | | Lease operating expenses | 24,456 | | | 20,283 | | | Taxes other than income | 9,184 | | | 6,626 | | | Transportation, gathering, processing and compression | 90,567 | | | 82,870 | | | Depreciation, depletion, and amortization | 75,430 | | | 65,622 | | | General and administrative | 9,708 | | | 9,001 | | | Interest expense | 15,386 | | | 13,356 | | Other segment expenses(1) | 2,296 | | | (84) | | | Income tax expense (benefit) | 44,683 | | | (176) | | | Total significant segment expenses | 271,710 | | | 197,498 | | | Net income (loss) | $ | 165,822 | | | $ | (464) | | | | | | Capital expenditures(2) | $ | 168,919 | | | $ | 170,025 | | _____________________(1) Other segment expenses include “Accretion expense” and “Other, net” from the consolidated statements of operations. (2) Capital expenditures include capitalized general and administrative costs and capitalized interest expense.
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