v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Restricted cash   $ 210,000
Accounts receivable $ 25,064 33,773
Accrued revenue 458,197 473,453
Derivative instruments 180,848 68,913
Prepaid expenses 12,807 14,554
Current assets held for sale   20,269
Other current assets 16,654 10,818
Total current assets 693,570 831,780
Oil and gas properties, at cost (successful efforts method):    
Unproved properties 1,124,479 796,705
Proved properties 16,976,193 14,049,003
Other property and equipment 125,054 113,020
Property and equipment, gross 18,225,726 14,958,728
Less accumulated depletion, depreciation and amortization (6,082,594) (5,753,416)
Property and equipment, net 12,143,132 9,205,312
Operating leases right-of-use assets 2,005,573 2,132,509
Derivative instruments 50,767 12,524
Investment in unconsolidated affiliate 259,313 245,653
Assets held for sale   754,737
Other assets 80,279 62,892
Total assets 15,232,634 13,245,407
Current liabilities:    
Accrued liabilities 359,272 338,847
Revenue distributions payable 443,186 384,777
Commercial paper 182,000  
Derivative instruments 1,913  
Short-term lease liabilities 531,669 516,256
Deferred revenue, VPP 23,793 23,502
Current liabilities held for sale   62,310
Other current liabilities 11,382 26,653
Total current liabilities 1,728,765 1,503,313
Long-term liabilities:    
Long-term debt 2,432,258 1,397,976
Deferred income tax liability, net 1,218,788 907,306
Derivative instruments 1,613  
Long-term lease liabilities 1,469,378 1,612,288
Deferred revenue, VPP   11,946
Liabilities held for sale   39,789
Other liabilities 64,929 57,140
Total liabilities 6,915,731 5,529,758
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; 308,510 and 308,739 shares issued and outstanding as of December 31, 2025 and June 30, 2026, respectively 3,087 3,085
Additional paid-in capital 5,834,394 5,865,447
Retained earnings 2,479,422 1,682,295
Total stockholders' equity 8,316,903 7,550,827
Noncontrolling interests   164,822
Total equity 8,316,903 7,715,649
Total liabilities and equity 15,232,634 13,245,407
Nonrelated Party    
Current liabilities:    
Accounts payable 45,468 49,514
Affiliated Entity    
Current liabilities:    
Accounts payable $ 130,082 $ 101,454