v3.26.1
Subsequent Events
6 Months Ended
Jun. 30, 2026
Subsequent Events [Abstract]  
Subsequent Events Note 14 - Subsequent EventsAcquisitionsOn July 2, 2026, the Company completed the previously announced acquisition of the equity interests of certain affiliates of Camino
Natural Resources, LLC (“Camino”) that owned certain producing properties and undeveloped acreage for a gross purchase price of
approximately $1.2 billion before customary purchase price adjustments.
Simultaneously with the closing of the acquisition, the producing properties were contributed to an indirect subsidiary of a newly
formed special purpose vehicle (“SPV”), and the Company entered into an agreement with funds and accounts managed by Carlyle
Global Credit Investment Management, LLC (“Carlyle”) pursuant to which the Company and Carlyle hold 40% and 60% of the equity
interests in the SPV, respectively. Carlyle contributed $82 million and the Company contributed $55 million in exchange for their
respective equity interests in the SPV. The Company retained 100% ownership in the undeveloped acreage.
The acquisition of the producing properties was funded by $895 million of ABS notes issued by the SPV and collateralized by the
producing properties, together with the equity contributions of the Company and Carlyle described above. The Company’s acquisition
of the undeveloped acreage, for approximately $170 million, was funded by cash on hand and borrowings under the Company’s Credit
Facility.
Dividends
In August 2026, the Company’s Board of Directors declared a cash dividend on the Company’s common stock in the amount of $0.29
per share. The dividend is payable on December 31, 2026 to stockholders of record as of the close of business on December 2, 2026.