v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current Assets:    
Cash and Cash Equivalents $ 47,603 $ 14,299
Accounts Receivable, Net 377,818 349,927
Advances, Prepaid Expenses, and Other 27,968 37,061
Derivative Instruments 30,914 166,678
Income Tax Receivable 17,799 18,066
Total Current Assets 502,102 586,031
Oil and Natural Gas Properties, Full Cost Method of Accounting    
Proved 12,429,203 11,441,786
Unproved 301,755 86,034
Less – Accumulated Depletion and Impairment (7,440,256) (6,784,649)
Total Oil and Natural Gas Properties, Net 5,290,702 4,743,171
Other Property and Equipment, Net 2,438 3,196
Total Property and Equipment, Net 5,293,140 4,746,367
Derivative Instruments 9,726 3,036
Deferred Income Taxes 8,152 0
Other Noncurrent Assets, Net 14,745 73,941
Total Assets 5,827,865 5,409,375
Current Liabilities:    
Accounts Payable 206,275 218,620
Accrued Liabilities and Other 399,176 320,673
Derivative Instruments 25,041 0
Total Current Liabilities 630,492 539,293
Long-term Debt, Net 2,724,814 2,395,393
Deferred Tax Liability 158,290 247,645
Derivative Instruments 255,868 48,102
Contingent Consideration 6,614 0
Asset Retirement Obligations 54,949 50,831
Other Noncurrent Liabilities 1,505 1,770
Total Liabilities 3,832,532 3,283,034
Commitments and Contingencies
Stockholders’ Equity    
Common Stock, Par Value $0.001; 270,000,000 Shares Authorized; 106,549,128 Shares Outstanding at 6/30/2026 97,265,559 Shares Outstanding at 12/31/2025 509 499
Additional Paid-In Capital 1,802,928 1,644,563
Retained Earnings 195,060 481,279
Accumulated Other Comprehensive Loss (3,164) 0
Total Stockholders’ Equity 1,995,333 2,126,341
Total Liabilities and Stockholders’ Equity $ 5,827,865 $ 5,409,375