v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 131,722 $ 153,690
Accounts receivable, net 930,578 840,653
Derivative instruments 128,672 279,725
Prepaid and other current assets 35,273 38,075
Total current assets 1,226,245 1,312,143
Oil and natural gas properties, successful efforts method    
Unproved properties 2,084,519 1,933,409
Proved properties 22,913,206 21,484,903
Accumulated depreciation, depletion and amortization (8,183,259) (7,168,925)
Total oil and natural gas properties, net 16,814,466 16,249,387
Other property and equipment, net 57,128 57,051
Total property and equipment, net 16,871,594 16,306,438
Noncurrent assets    
Operating lease right-of-use assets 139,617 132,764
Other noncurrent assets 263,832 160,840
TOTAL ASSETS 18,501,288 17,912,185
Current liabilities    
Accounts payable and accrued expenses 1,796,823 1,453,610
Operating lease liabilities 80,466 79,496
Other current liabilities 87,184 144,726
Total current liabilities 1,964,473 1,677,832
Noncurrent liabilities    
Long-term debt, net 2,993,050 3,545,598
Asset retirement obligations 175,609 166,847
Deferred income taxes 1,258,481 893,463
Operating lease liabilities 60,851 55,102
Other noncurrent liabilities 43,747 39,460
Total liabilities 6,496,211 6,378,302
Commitments and contingencies (Note 11)
Shareholders’ equity    
Additional paid-in capital 9,873,290 8,710,698
Retained earnings (accumulated deficit) 2,131,703 1,567,500
Total shareholders' equity 12,005,077 10,278,282
Noncontrolling interest 0 1,255,601
Total equity 12,005,077 11,533,883
TOTAL LIABILITIES AND EQUITY $ 18,501,288 $ 17,912,185
Common stock, shares authorized (in shares) 1,500,000,000 1,500,000,000
Common stock, par value (in dollars per share) $ 0.0001 $ 0.0001
Class A    
Shareholders’ equity    
Common stock $ 84 $ 76
Class C    
Shareholders’ equity    
Common stock $ 0 $ 8