CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2026 |
Sep. 30, 2025 |
Sep. 30, 2026 |
Sep. 30, 2025 |
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| Revenues and other income: | ||||
| Total Revenues from Contracts with Customers | $ 784,442 | $ 655,298 | $ 2,611,506 | $ 2,201,273 |
| Derivative fair value income | 58,118 | 92,946 | 98,229 | 88,736 |
| Other income | 266 | 284 | 832 | 5,348 |
| Total revenues and other income | 842,826 | 748,528 | 2,710,567 | 2,295,357 |
| Costs and expenses: | ||||
| Taxes other than income | 7,354 | 8,265 | 20,103 | 23,087 |
| Brokered natural gas, NGLs and marketing | 48,206 | 48,882 | 165,666 | 142,068 |
| Exploration | 5,953 | 8,105 | 18,481 | 22,424 |
| Abandonment and impairment of unproved properties | 5,774 | 4,899 | 14,232 | 16,254 |
| General and administrative | 47,691 | 44,712 | 140,749 | 128,549 |
| Exit costs | 6,334 | 8,085 | 22,853 | 25,484 |
| Deferred compensation plan | (52) | (765) | 735 | 2,026 |
| Interest | 14,624 | 24,268 | 48,460 | 80,225 |
| Loss (gain) on early extinguishment of debt | 0 | 0 | 12,344 | (3) |
| Depletion, depreciation and amortization | 102,049 | 93,793 | 283,657 | 275,866 |
| Total costs and expenses | 618,799 | 565,184 | 1,804,752 | 1,700,236 |
| Income before income taxes | 224,027 | 183,344 | 905,815 | 595,121 |
| Income tax expense (benefit): | ||||
| Current | 2,775 | (1,022) | 11,205 | 5,623 |
| Deferred | 45,929 | 40,059 | 182,334 | 110,561 |
| Income tax expense (benefit) | 48,704 | 39,037 | 193,539 | 116,184 |
| Net income | $ 175,323 | $ 144,307 | $ 712,276 | $ 478,937 |
| Net income per common share: | ||||
| Basic | $ 0.75 | $ 0.61 | $ 3.04 | $ 2 |
| Diluted | 0.75 | 0.6 | 3.02 | 1.99 |
| Dividends declared per share | $ 0.1 | $ 0.09 | $ 0.3 | $ 0.27 |
| Weighted average common shares outstanding: | ||||
| Basic | 233,487 | 237,378 | 234,419 | 238,523 |
| Diluted | 235,035 | 239,026 | 235,958 | 240,255 |
| Natural Gas, NGLs and Oil Sales | ||||
| Revenues and other income: | ||||
| Total Revenues from Contracts with Customers | $ 737,919 | $ 611,491 | $ 2,450,258 | $ 2,070,049 |
| Brokered Natural Gas, NGLs and Marketing | ||||
| Revenues and other income: | ||||
| Total Revenues from Contracts with Customers | 46,523 | 43,807 | 161,248 | 131,224 |
| Direct Operating | ||||
| Costs and expenses: | ||||
| Costs and expenses | 30,932 | 23,830 | 87,397 | 72,323 |
| Transportation, Gathering, Processing and Compression | ||||
| Costs and expenses: | ||||
| Costs and expenses | $ 349,934 | $ 301,110 | $ 990,075 | $ 911,933 |
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- Definition Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- 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 Amount of current income tax expense (benefit) pertaining to taxable income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The compensation expense recognized during the period pertaining to the deferred compensation arrangement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. 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 impairment loss for oil and gas properties with unproved reserve in oil- and gas-producing activities. Includes, but is not limited to, previously capitalized cost of drilling exploratory well when proved reserve is not found or when there is substantial doubt about economic or operational viability of project. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Exploration expenses (including prospecting) related to oil and gas producing entities and would be included in operating expenses of that entity. Costs incurred in identifying areas that may warrant examination and in examining specific areas that are considered to have prospects of containing oil and gas reserves, including costs of drilling exploratory wells and exploratory-type stratigraphic test wells. Exploration costs may be incurred both before acquiring the related property (sometimes referred to in part as prospecting costs) and after acquiring the property. Principal types of exploration costs, which include depreciation and applicable operating costs of support equipment and facilities and other costs of exploration activities, are: (i) Costs of topographical, geographical and geophysical studies, rights of access to properties to conduct those studies, and salaries and other expenses of geologists, geophysical crews, and others conducting those studies. Collectively, these are sometimes referred to as geological and geophysical or "G&G" costs. (ii) Costs of carrying and retaining undeveloped properties, such as delay rentals, ad valorem taxes on properties, legal costs for title defense, and the maintenance of land and lease records. (iii) Dry hole contributions and bottom hole contributions. (iv) Costs of drilling and equipping exploratory wells. (v) Costs of drilling exploratory-type stratigraphic test wells. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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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 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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- References No definition available.
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- Definition Amount of interest expense classified as operating and nonoperating. Includes, but is not limited to, cost of borrowing accounted for as interest expense. 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 Amount of revenue and income classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of depreciation, depletion, amortization, and valuation provision charged to expense in oil- and gas-producing activities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, before income tax expense (benefit), of result of operation in oil- and gas-producing activities. Excludes corporate overhead and interest costs. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of production (lifting) cost charged to expense in oil- and gas-producing activities. Includes, but is not limited to, depreciation of support equipment and facility, cost of labor, material, supply, and fuel consumed and service utilized to operate oil and gas well, its equipment and facility, cost of repair and maintenance, property tax and insurance for proved property, well, and equipment and facility, and severance tax. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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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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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition All taxes not related to income of the entity or excise or sales taxes levied on the revenue of the entity that are not reported elsewhere. These taxes could include production, real estate, personal property, and pump tax. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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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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- 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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- References No definition available.
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