Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of Fair Value Measurement of Financial Instruments

The following table presents, for each applicable level within the fair value hierarchy, the Company’s net derivative assets and liabilities, including both current and noncurrent portions, measured at fair value on a recurring basis:


(in thousands)	Level 1		Level 2		Level 3
June 30, 2026
Total assets	$	—	$	167,579	$	—
Total liabilities	—		483		—
December 31, 2025
Total assets	$	—	$	280,471	$	—
Total liabilities	—		636		—

Long-term Debt, Fair Value

The following table summarizes the carrying values, principal amounts and fair values of these instruments as of the periods indicated:


	June 30, 2026						December 31, 2025
	Carrying Value		Principal Amount		Fair Value		Carrying Value		Principal Amount		Fair Value
Credit Facility(1)	$	—	$	—	$	—	$	—	$	—	$	—
8.00% Senior Notes due 2027(2)	—		—		—		556,453		550,000		557,270
5.875% Senior Notes due 2029(2)	675,393		700,000		700,339		671,782		700,000		703,417
9.875% Senior Notes due 2031(2)(3)	342,421		325,000		342,061		343,761		325,000		349,642
7.00% Senior Notes due 2032(2)	987,096		1,000,000		1,035,841		986,174		1,000,000		1,044,656
6.25% Senior Notes due 2033(2)	988,140		1,000,000		1,022,613		987,428		1,000,000		1,028,006

(1) The carrying values of the amounts outstanding under the Credit Agreement approximate fair value because its variable interest rates are tied to current market rates and the applicable credit spreads represent current market rates for the credit risk profile of the Company.

(2) The carrying values include associated unamortized debt issuance costs and any debt discounts or premiums as reflected in the consolidated balance sheets. The fair values are determined using quoted market prices for these debt securities, a Level 1 classification in the fair value hierarchy, and are based on the aggregate principal amount of the senior notes outstanding.

(3) On July 15, 2026, the Company redeemed all of the outstanding 9.875% senior notes due 2031 at a redemption price equal to 104.938% of the aggregate principal amount outstanding of $325.0 million plus accrued and unpaid interest up to, but excluding, the redemption date.