v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows provided by (used in) operating activities:    
Net income including noncontrolling interests $ 834,630 $ 386,039
Adjustments to reconcile net income to net cash provided by operating activities:    
Depletion, depreciation, amortization and accretion 435,539 375,822
Impairment of property and equipment 5,403 11,915
Commodity derivative fair value losses (gains) (195,656) 18,262
Losses on settled commodity derivatives (30,914) (17,371)
Deferred income tax expense 220,675 102,475
Equity-based compensation expense 24,999 31,000
Equity in earnings of unconsolidated affiliate (59,497) (59,224)
Dividends of earnings from unconsolidated affiliate 62,628 62,628
Amortization of deferred revenue (11,655) (12,528)
Amortization of debt issuance costs and other 953 823
Settlement of asset retirement obligations (110) (71)
Contract termination, loss contingency and settlements 2,153 12,001
Gain on sale of assets (60,566) (29)
Loss on early extinguishment of debt 6,742 3,628
Changes in current assets and liabilities:    
Accounts receivable 8,721 2,763
Accrued revenue 31,866 85,718
Prepaid expenses and other current assets 10,832 (8,382)
Accounts payable including related parties 23,815 (15,139)
Accrued liabilities (39,486) (85,528)
Revenue distributions payable 41,811 48,121
Other current liabilities (14,976) 7,174
Net cash provided by operating activities 1,297,907 950,097
Cash flows provided by (used in) investing activities:    
Additions to unproved properties (45,551) (56,640)
Drilling and completion costs (492,372) (356,334)
Additions to other property and equipment (8,894) (1,580)
Acquisition of HG Production (2,803,195)  
Acquisitions of oil and gas properties (7,631)  
Proceeds from asset sales 756,986 11,522
Change in other assets (24,066) (2,348)
Net cash used in investing activities (2,624,723) (405,380)
Cash flows provided by (used in) financing activities:    
Issuances and borrowings of debt 5,521,550 2,291,800
Repayments of debt. (4,295,447) (2,686,733)
Repurchases of common stock (37,890) (84,966)
Payment of debt issuance costs (10,838)  
Distributions to noncontrolling interests in Martica Holdings LLC (24,996) (37,481)
Employee tax withholding for settlement of equity-based compensation awards (34,906) (26,618)
Other (657) (719)
Net cash provided by (used in) financing activities 1,116,816 (544,717)
Net decrease in cash, cash equivalents and restricted cash (210,000) 0
Cash, cash equivalents and restricted cash, beginning of period 210,000 0
Cash, cash equivalents and restricted cash, end of period 0 0
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 69,988 48,043
Increase (decrease) in accounts payable, accrued liabilities and other current liabilities for additions to property and equipment 34,482 $ (29,581)
In-kind liquidating distribution to noncontrolling interests $ 160,583