v3.26.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenue and Other Operating Income:        
Gain (Loss) on Commodity Derivative Instruments $ 176,336 $ 421,121 $ 180,317 $ (107,099)
Other Revenue and Operating Income 40,257 45,864 88,200 93,828
Total Revenue and Other Operating Income 618,484 962,422 1,405,138 1,044,811
Operating Expense        
Lease Operating Expense 21,262 26,256 43,032 49,588
Production, Ad Valorem and Other Fees 6,546 9,668 15,335 16,941
Depreciation, Depletion and Amortization 136,232 152,595 270,845 279,657
Purchased Gas Costs 12,249 9,402 24,502 20,611
Selling, General, and Administrative Costs 33,837 29,068 66,082 68,082
Other Operating Expense 24,611 21,014 19,989 35,095
Total Operating Expense 340,710 346,726 652,338 665,939
Other Expense        
Other Expense 1,183 3,729 1,691 7,676
Loss (Gain) on Asset Sales and Abandonments, net 626 (17,715) (5,740) (27,298)
Loss on Debt Extinguishment 0 0 12,009 0
Interest Expense 39,023 44,041 79,493 85,652
Total Other Expense 40,832 30,055 87,453 66,030
Total Costs and Expenses 381,542 376,781 739,791 731,969
Income Before Income Tax 236,942 585,641 665,347 312,842
Income Tax Expense 33,999 153,120 114,257 78,036
Net Income $ 202,943 $ 432,521 $ 551,090 $ 234,806
Earnings per Share        
Basic (in usd per share) $ 1.37 $ 3.02 $ 3.80 $ 1.61
Diluted (in usd per share) 1.32 2.53 3.56 1.37
Dividends Declared (in usd per share) $ 0 $ 0 $ 0 $ 0
Natural Gas, NGLs and Oil Revenue        
Revenue and Other Operating Income:        
Revenues $ 389,435 $ 485,029 $ 1,111,478 $ 1,036,123
Purchased Gas Revenue        
Revenue and Other Operating Income:        
Revenues 12,456 10,408 25,143 21,959
Transportation, Gathering and Compression        
Operating Expense        
Transportation, Gathering and Compression and Exploration and Production Related Other Costs 103,223 96,953 205,625 192,112
Exploration and Production Related Other Costs        
Operating Expense        
Transportation, Gathering and Compression and Exploration and Production Related Other Costs $ 2,750 $ 1,770 $ 6,928 $ 3,853