v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities        
Net Income (Loss) $ 236,628 $ 99,585 $ (286,219) $ 238,567
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities:        
Depletion, Depreciation, Amortization, and Accretion 192,885 205,741 389,983 411,432
Amortization of Debt Issuance Costs 2,556 2,584 5,071 4,974
Loss on Extinguishment of Debt 0 0 14 0
Amortization of Bond Premium/Discount on Long-term Debt (508) (395) (1,028) (676)
Deferred Income Taxes 73,714 28,027 (97,507) 74,673
Unrealized Loss on Foreign Currency Transactions 4,655 0 4,655 0
Unrealized Loss (Gain) on Derivative Instruments (157,976) (67,890) 361,881 (77,445)
Gain on Contingent Consideration (2,682) 0 (2,682) 0
Stock-Based Compensation Expense 4,410 3,777 8,120 7,353
Impairment of Oil and Gas Assets 0 115,576 268,276 115,576
Other (4) (27) 287 (48)
Changes in Working Capital and Other Items:        
Accounts Receivable, Net 17,389 (621) (27,975) (20,572)
Prepaid and Other Expenses 2,432 (1,858) 1,109 (1,023)
Income Tax Receivable (3,918) (1,971) 267 26,233
Accounts Payable, Accrued Liabilities, and Other (47,964) (20,416) 20,980 (9,506)
Net Cash Provided by Operating Activities 321,617 362,112 645,232 769,538
Cash Flows from Investing Activities        
Acquisitions of and Capital Expenditures on Oil and Natural Gas Properties (379,811) (327,361) (1,014,434) (591,332)
Purchases of Other Property and Equipment 0 106 (55) (481)
Net Cash Used for Investing Activities (379,811) (327,255) (1,014,489) (591,813)
Cash Flows from Financing Activities        
Advances on Revolving Credit Facility 304,000 118,000 784,000 173,000
Repayments on Revolving Credit Facility (132,000) (268,000) (437,000) (383,000)
Repurchase of Senior Notes Due 2028 0 0 (20,165) 0
Entry into Additional Capped Call Transactions 0 (16,947) 0 (16,947)
Issuance of Additional Convertible Notes 0 200,000 0 200,000
Premium Received on Additional Convertible Notes 0 11,194 0 11,194
Debt Issuance Costs Paid 0 (7,554) (1,627) (7,554)
Issuance of Common Stock 0 0 227,928 0
Repurchases of Common Stock (50,047) (35,000) (50,047) (50,005)
Common Stock Issuance Costs Paid (353) 0 (384) 0
Restricted Stock Surrenders - Tax Obligations 0 0 (2,822) (1,486)
Common Dividends Paid (47,370) (44,270) (91,848) (86,004)
Net Cash Provided by (Used for) Financing Activities 74,230 (42,577) 408,035 (160,802)
Effect of Exchange Rate Changes on Cash and Cash Equivalents (5,474) 0 (5,474) 0
Net Increase (Decrease) in Cash and Cash Equivalents 10,562 (7,720) 33,304 16,923
Cash and Cash Equivalents - Beginning of Period 37,041 33,576 14,299 8,933
Cash and Cash Equivalents - End of Period 47,603 25,856 47,603 25,856
Net Cash Provided by Operating Activities $ 321,617 $ 362,112 $ 645,232 $ 769,538