v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:      
Net income (loss) $ 188,316 $ (133,380) $ 132,023
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation, depletion, amortization, and accretion 197,225 255,859 256,179
Equity-based compensation expense 12,845 16,316 25,756
Deferred income tax expense (benefit) 37,856 (43,639) 34,292
Unrealized (gains) losses on derivatives, net (117,974) 82,617 (74,947)
Gains on contingent consideration liabilities   (9,676) (38,375)
Settlement of contingent consideration (20,000) (20,000) (65,000)
Payments for the purchase of put options (16,206)    
Proceeds from the sale of call options   23,502  
Write-off of capitalized software costs 5,643    
Gain on sale of business   (7,080)  
(Gains) losses on sale of assets, net 1,805 (3,523) (2,048)
Transaction costs from sale of business   (3,461)  
Loss on early extinguishment of debt   13,877  
Other, net 8,256 (789) 4,042
Changes in operating assets and liabilities:      
Accounts receivable, net (46,829) (12,956) 86,120
Accounts receivable, related party 3,812 (14,812) (143)
Accounts payable and accrued liabilities 28,256 (27,883) (90,902)
Other changes in operating assets and liabilities (2,632) 438 (6,729)
Net cash provided by operating activities 280,374 115,410 260,268
Cash flows from investing activities:      
Asset acquisition (272,096)   (480,261)
Cash acquired in consolidation of BKV-BPP Cotton Cove 2,077    
Capital expenditures (305,119) (105,361) (201,513)
Proceeds from sale of business   132,571  
Proceeds from sales of assets 6,876 5,060 3,312
Proceeds from insurance claim   2,645 8,344
Other investing activities, net (8,095) (649) 7,011
Net cash provided by (used in) investing activities (576,357) 34,266 (663,107)
Cash flows from financing activities:      
Proceeds from issuance of common stock in initial public offering, net of underwriting discounts and commissions   265,661  
Proceeds from issuance of common stock, net of underwriting discounts and commissions 170,635   150,005
Proceeds on long-term debt 500,000    
Payment of debt issuance costs (15,869) (8,054) (3,065)
Payments on Temple Term Loan Facility (24,482) (10,000) (63,635)
Payments on Temple I Loan Agreements (19,000)   (43,800)
Proceeds under RBL Credit Agreement 577,000 580,000  
Payments on RBL Credit Agreement (742,000) (415,000)  
Payment on term loan agreement   (456,000) (114,000)
Payments on notes payable to related party   (75,000)  
Proceeds on Power Plant Loan     10,000
Payment on Power Plant Loan     (10,000)
Proceeds from draws on credit facilities   44,000 375,500
Payments on credit facilities   (171,000) (338,500)
Payments of deferred offering costs   (3,879) (2,901)
Debt extinguishment costs   (10,213)  
Distributions to noncontrolling interest     (10,000)
Net share settlements, equity-based compensation (1,619) (53,239) (2,961)
Cash distributions to noncontrolling interest (1,225)    
Cash contributions from noncontrolling interest 19,818    
Other financing activities   (2,081) (8,155)
Net cash provided by (used in) financing activities 463,258 (314,805) 498,488
Net increase (decrease) in cash, cash equivalents, and restricted cash 167,275 (165,129) 95,649
Cash, cash equivalents, and restricted cash, beginning of period 264,273 96,998 262,127
Cash, cash equivalents, and restricted cash, end of period 264,273 96,998 262,127
Cash payments for:      
Income tax 232 6 1,545
Non-cash investing and financing activities:      
Equity issued as consideration for acquisition 124,254    
Conversion of mezzanine equity to common stock upon initial public offering   42,995  
Conversion of equity-based compensation to common stock upon initial public offering   74,993  
Income tax deconsolidation 1,768 10,469  
Reclassification of deferred offering costs to additional paid-in capital upon initial public offering   11,649  
Increase (decrease) in accrued capital expenditures 18,204 16,850 (23,178)
Additions to asset retirement obligations 226 42 89
Lease liabilities arising from obtaining right-of-use assets 23 494 3,061
Increase (decrease) in accrued equity transaction costs 501 (341) (604)
Adjustment of minority ownership puttable shares to redemption value   16,989 2,722
Adjustment of equity-based compensation to redemption value   9,310 15,602
Impact of redemption of shares issued in settlement of equity-based compensation and other on additional paid-in capital, common stock, and treasury stock   2,081 781
Accretion of Class B Units to redemption value 1,422 0 0
Distributions payable to noncontrolling interest 6,870    
Nonrelated Party      
Cash payments for:      
Interest 59,451 94,492 94,069
Related Party      
Cash payments for:      
Interest $ 20,140 $ 39,270 25,912
Temple Revolving Facility      
Cash flows from financing activities:      
Proceeds from draws on credit facilities     60,000
Temple Term Loan Facility      
Cash flows from financing activities:      
Proceeds from draws on credit facilities     $ 500,000