v3.26.1
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 $ 63,175 $ 105,547
Adjustments to reconcile net income to cash provided by operating activities    
Depreciation, depletion, amortization and accretion 196,402 130,683
Loss (gain) on derivative instruments 73,414 (14,886)
Loss on debt extinguishment 0 18,540
Cash (payments) receipts on settlement of derivative contracts, net (3,912) 9,821
Debt issuance costs amortization 3,374 2,363
Equity based compensation 6,962 4,215
Adjustments to expected credit losses 618 125
(Gain) on sale of assets (175) (167)
Settlement of asset retirement obligations (416) (287)
Changes in operating assets and liabilities (decreasing) increasing cash:    
Accounts receivable 10,174 28,679
Revenue payable 3,157 (10,314)
Accounts payable and accrued liabilities (27,191) 10,653
Inventories, other assets and other liabilities (1,615) (12,312)
Net cash provided by operating activities 323,967 272,660
Cash flows from investing activities    
Capital expenditures for oil and natural gas properties (145,816) (110,118)
Capital expenditures for other property and equipment (9,598) (3,793)
Acquisition of assets (2,728) (101,375)
Proceeds from sales of oil and natural gas properties 2,089 2,678
Proceeds from sales of other property and equipment 47 217
Net cash used in investing activities (156,006) (212,391)
Cash flows from financing activities    
Proceeds from issuance of common units, net of expenses 1,691 221,060
Repayments of borrowings on term note 0 (763,125)
Payments of debt extinguishment costs 0 (7,741)
Proceeds from borrowings on credit facilities 270,000 693,000
Repayments of borrowings on credit facilities (245,000) (128,000)
Debt issuance costs 0 (14,695)
Distributions to unitholders (195,943) (152,683)
Withholding taxes paid on vesting of phantom units (155) (84)
Net cash used in financing activities (169,407) (152,268)
Net (decrease) in cash and cash equivalents (1,446) (91,999)
Cash and cash equivalents, beginning of period 42,633 105,776
Cash and cash equivalents, end of period $ 41,187 $ 13,777