Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets
Cash and cash equivalents	$ 611,568	$ 189,531
Accounts receivable, net	1,338,031	1,116,685
Inventory	121,409	115,713
Prepaid expenses	29,201	33,767
Derivative instruments	49,588	77,312
Other current assets	5,274	5,061
Total current assets	2,155,071	1,538,069
Property, plant and equipment
Oil and gas properties (successful efforts method)	15,627,693	14,848,968
Other property and equipment	60,493	60,395
Less: accumulated depreciation, depletion and amortization	(4,349,525)	(3,572,834)
Total property, plant and equipment, net	11,338,661	11,336,529
Derivative instruments	10,091	8,366
Investment in equity securities	138,789	119,698
Long-term inventory	26,073	30,759
Operating right-of-use assets	10,463	12,749
Other assets	38,240	28,104
Total assets	13,717,388	13,074,274
Current liabilities
Accounts payable	151,908	41,795
Revenues and production taxes payable	817,402	618,258
Accrued liabilities	706,836	735,386
Accrued interest payable	28,193	28,594
Derivative instruments	16,070	0
Current operating lease liabilities	7,589	14,656
Other current liabilities	36,670	11,898
Total current liabilities	1,764,668	1,450,587
Long-term debt	1,481,357	1,479,581
Deferred tax liabilities	1,656,962	1,615,850
Asset retirement obligations	432,030	432,802
Derivative instruments	2,786	0
Operating lease liabilities	13,854	10,518
Other liabilities	8,392	4,982
Total liabilities	5,360,049	4,994,320
Commitments and contingencies (Note 16)
Stockholders’ equity
Common stock, $0.01 par value: 240,000,000 shares authorized, 67,249,231 shares issued and 55,197,317 shares outstanding at June 30, 2026; and 240,000,000 shares authorized, 67,150,747 shares issued and 56,762,243 shares outstanding at December 31, 2025	676	675
Treasury stock, at cost: 12,051,914 shares at June 30, 2026 and 10,388,504 shares at December 31, 2025	(1,524,300)	(1,304,092)
Additional paid-in capital	7,351,992	7,339,735
Retained earnings	2,528,971	2,043,636
Total stockholders’ equity	8,357,339	8,079,954
Total liabilities and stockholders’ equity	$ 13,717,388	$ 13,074,274

The total carrying value as of the balance sheet date of obligations incurred through that date for revenue payable for the working and royalty interests not yet distributed and production, severance and other taxes payable (due within one year or within the normal operating cycle if longer).

No definition available.