v3.26.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2026
Accounting Policies [Abstract]  
Disaggregation of revenue
The following table summarizes the Company’s total revenues and revenues from contracts with customers on a disaggregated basis for the three and six months ended June 30, 2026 and 2025 (in thousands).
Three Months Ended
June 30,
Six Months Ended
June 30,
2026202520262025
Revenues from contracts with customers$1,173,423 $925,678 $2,115,027 $1,931,851 
Realized (loss) gain on derivatives(72,488)6,947 (86,981)9,661 
Unrealized gain (loss) on derivatives85,457 (37,313)(170,017)(32,242)
Total revenues$1,186,392 $895,312 $1,858,029 $1,909,270 
Three Months Ended
June 30,
Six Months Ended
June 30,
2026202520262025
Oil revenues$1,126,425 $719,380 $1,914,774 $1,468,701 
Natural gas revenues(38,841)96,394 (8,459)256,991 
Third-party midstream services revenues44,593 42,007 86,684 75,506 
Sales of purchased natural gas41,246 67,897 122,028 130,653 
Total revenues from contracts with customers$1,173,423 $925,678 $2,115,027 $1,931,851 
Reconciliations of basic and diluted distributed and undistributed earnings (loss) per common share
The following table sets forth the computation of diluted weighted average common shares outstanding for the three and six months ended June 30, 2026 and 2025 (in thousands).
Three Months Ended
June 30,
Six Months Ended
June 30,
2026202520262025
Weighted average common shares outstanding
Basic124,156 124,418 124,205 124,804 
Dilutive effect of options and restricted stock units— 38 — 173 
Diluted weighted average common shares outstanding 124,156 124,456 124,205 124,977