CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2026 |
Mar. 31, 2026 |
Jun. 30, 2025 |
Mar. 31, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Revenues and other income: | ||||||
| Oil and gas revenue | $ 607,253 | $ 392,635 | $ 977,981 | $ 682,770 | ||
| Gain on sale of assets | 9,421 | 600 | 9,421 | 600 | ||
| Other income, net | 361 | 283 | 530 | 579 | ||
| Total revenues and other income | 617,035 | 393,518 | 987,932 | 683,949 | ||
| Costs and expenses: | ||||||
| Oil and gas production | 179,429 | 243,118 | 310,024 | 410,426 | ||
| Exploration expenses | 3,197 | 4,069 | 22,941 | 13,738 | ||
| General and administrative | 19,263 | 19,074 | 46,973 | 45,329 | ||
| Depletion, depreciation and amortization | 120,501 | 151,268 | 240,374 | 271,935 | ||
| Interest and other financing costs, net | 53,700 | 54,834 | 112,502 | 106,676 | ||
| Derivatives, net | (51,809) | (21,566) | 200,187 | (14,834) | ||
| Other expenses, net | 10,281 | 6,481 | 13,545 | 8,470 | ||
| Total costs and expenses | 334,562 | 457,278 | 946,546 | 841,740 | ||
| Income (loss) before income taxes | 282,473 | (63,760) | 41,386 | (157,791) | ||
| Income tax expense | 97,698 | 23,980 | 82,185 | 40,555 | ||
| Net income (loss) | $ 184,775 | $ (225,574) | $ (87,740) | $ (110,606) | $ (40,799) | $ (198,346) |
| Net income (loss) per share: | ||||||
| Basic (in dollars per share) | $ 0.31 | $ (0.18) | $ (0.07) | $ (0.42) | ||
| Diluted (in dollars per share) | $ 0.31 | $ (0.18) | $ (0.07) | $ (0.42) | ||
| Weighted average number of shares used to compute net income (loss) per share: | ||||||
| Basic (in shares) | 593,441 | 478,068 | 550,060 | 476,881 | ||
| Diluted (in shares) | 604,713 | 478,068 | 550,060 | 476,881 | ||
| X | ||||||||||
- Definition Aggregate net gain (loss) on commodity derivative instruments recognized in earnings during the period, before tax effects. No definition available.
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- Definition Interest costs charged to earnings during the period, including amortization of deferred financing costs, other financing costs, loss on extinguishment of debt, and net of interest income. No definition available.
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- Definition Revenue And Other Income No definition available.
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Exploration expenses (including prospecting) related to oil and gas producing entities and would be included in operating expenses of that entity. Costs incurred in identifying areas that may warrant examination and in examining specific areas that are considered to have prospects of containing oil and gas reserves, including costs of drilling exploratory wells and exploratory-type stratigraphic test wells. Exploration costs may be incurred both before acquiring the related property (sometimes referred to in part as prospecting costs) and after acquiring the property. Principal types of exploration costs, which include depreciation and applicable operating costs of support equipment and facilities and other costs of exploration activities, are: (i) Costs of topographical, geographical and geophysical studies, rights of access to properties to conduct those studies, and salaries and other expenses of geologists, geophysical crews, and others conducting those studies. Collectively, these are sometimes referred to as geological and geophysical or "G&G" costs. (ii) Costs of carrying and retaining undeveloped properties, such as delay rentals, ad valorem taxes on properties, legal costs for title defense, and the maintenance of land and lease records. (iii) Dry hole contributions and bottom hole contributions. (iv) Costs of drilling and equipping exploratory wells. (v) Costs of drilling exploratory-type stratigraphic test wells. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of gain (loss) on sale or disposal of oil and gas property or timber property. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. No definition available.
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- Definition Amount of depreciation, depletion, amortization, and accretion charged to expense in oil- and gas-producing activities. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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