Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Revenues | ||||
| Total revenues | $ 2,172,685 | $ 1,180,560 | $ 3,838,320 | $ 2,395,606 |
| Operating expenses | ||||
| Lease operating expenses | 267,839 | 256,966 | 512,748 | 490,040 |
| Gathering, processing and transportation expenses | 62,765 | 74,100 | 129,783 | 147,415 |
| Purchased oil and gas expenses | 671,661 | 231,745 | 1,181,493 | 343,113 |
| Production taxes | 125,878 | 68,965 | 212,589 | 143,607 |
| Depreciation, depletion and amortization | 409,237 | 376,997 | 793,452 | 726,806 |
| General and administrative expenses | 29,894 | 32,540 | 67,402 | 70,917 |
| Impairment and exploration | 2,687 | 541,940 | 5,250 | 543,923 |
| Total operating expenses | 1,569,961 | 1,583,253 | 2,902,717 | 2,465,821 |
| Gain (loss) on sale of assets, net | (4) | (522) | 339 | 4,993 |
| Operating income (loss) | 602,720 | (403,215) | 935,942 | (65,222) |
| Other income (expense) | ||||
| Net gain (loss) on derivative instruments | 107,866 | 82,231 | (133,605) | 61,950 |
| Net gain (loss) from investment in equity securities | 1,143 | (962) | 23,972 | (5,862) |
| Interest expense, net of capitalized interest | (26,663) | (18,788) | (53,259) | (34,606) |
| Loss on debt extinguishment | 0 | 0 | 0 | (3,494) |
| Other income, net | 2,186 | 5,045 | 8,515 | 4,546 |
| Total other income (expense), net | 84,532 | 67,526 | (154,377) | 22,534 |
| Income (loss) before income taxes | 687,252 | (335,689) | 781,565 | (42,688) |
| Income tax expense | (162,066) | (54,216) | (147,771) | (127,380) |
| Net income (loss) | $ 525,186 | $ (389,905) | $ 633,794 | $ (170,068) |
| Earnings (loss) per share (Note 15): | ||||
| Basic (in dollars per share) | $ 9.30 | $ (6.71) | $ 11.17 | $ (2.89) |
| Diluted (in dollars per share) | $ 9.28 | $ (6.77) | $ 11.14 | $ (2.93) |
| Weighted average shares outstanding: | ||||
| Basic (in shares) | 56,010 | 57,786 | 56,361 | 58,420 |
| Diluted (in shares) | 56,605 | 57,786 | 56,909 | 58,501 |
| Oil, NGL and gas revenues | ||||
| Revenues | ||||
| Total revenues | $ 1,494,284 | $ 950,266 | $ 2,644,873 | $ 2,053,690 |
| Purchased oil and gas sales | ||||
| Revenues | ||||
| Total revenues | $ 678,401 | $ 230,294 | $ 1,193,447 | $ 341,916 |
| X | ||||||||||
- Definition Impairment And Exploration Expense Of Oil And Gas Properties No definition available.
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| X | ||||||||||
- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of gain (loss) on sale or disposal of assets, including but not limited to property plant and equipment, intangible assets and equity in securities of subsidiaries or equity method investee. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, before tax, of income (loss) including portion attributable to noncontrolling interest. Includes, but is not limited to, income (loss) from continuing operations, discontinued operations and equity method investments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of operating lease expense. Excludes sublease income. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition A tax assessed on oil and gas production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of transportation cost charged to expense in oil- and gas-producing activities. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Details
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