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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income (loss) $ 74,528 $ 168,412
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Depreciation, depletion and amortization 712,129 579,629
Impairment expense 0 48,632
Deferred tax expense (benefit) 86,469 26,184
(Gain) loss on derivatives 524,708 (107,557)
Net cash (paid) received on settlement of derivatives (343,169) 9,195
Non-cash equity-based compensation expense 44,709 119,493
Amortization of debt issuance costs, premium and discount 8,233 7,541
Loss from debt extinguishment 17,397 0
(Gain) loss on sale of oil and natural gas properties (10,690) (12,772)
Settlement of acquired derivative contracts 122,632 34,895
Other (13,410) (15,814)
Changes in operating assets and liabilities (107,557) (21,758)
Net cash provided by operating activities 1,115,979 836,080
Cash flows from investing activities:    
Development of oil and natural gas properties (651,334) (476,052)
Acquisitions of oil and natural gas properties, net of cash acquired (354,423) (884,366)
Proceeds from the sale of oil and natural gas properties 12,756 91,372
Purchases of restricted investment securities – HTM (14,543) (8,969)
Maturities of restricted investment securities – HTM 14,577 8,904
Other (10,683) 0
Net cash used in investing activities (1,003,650) (1,269,111)
Cash flows from financing activities:    
Proceeds from the issuance of Senior Notes, after premium, discount and underwriting fees 671,025 0
2031 Convertible Notes capped call (56,649) 0
Repurchase of Senior Notes, including extinguishment costs (551,258) 0
Proceeds from issuance of CRF Term Loan 135,000 0
Repayments of CRF Term Loan (89,500) 0
Payment of debt issuance costs (9,682) (1,777)
Settlement of Ridgemar contingent earn-out consideration (18,718) 0
Dividends (78,979) (54,011)
Distributions to redeemable noncontrolling interests 0 (16,587)
Repurchase of noncontrolling interest (32,196) 0
Noncontrolling interest distributions (1,501) (2,062)
Cash paid for treasury stock acquired for equity-based compensation tax withholding (1,386) 0
Repurchases of Class A common stock 0 (33,828)
Other 0 (1,855)
Net cash provided by (used in) financing activities (576,492) 213,380
Net change in cash, cash equivalents and restricted cash (464,163) (219,651)
Cash, cash equivalents and restricted cash, beginning of period 753,310 240,908
Cash, cash equivalents and restricted cash, end of period 289,147 21,257
Prior Credit Agreement    
Cash flows from financing activities:    
Revolving Credit Facility borrowings 2,255,500 1,783,000
Revolving Credit Facility repayments (3,028,148) (1,459,500)
Crescent Royalty Finance Credit Facility    
Cash flows from financing activities:    
Revolving Credit Facility borrowings $ 230,000 $ 0