v3.26.3
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Operating activities:    
Net income $ 712,276 $ 478,937
Adjustments to reconcile net income to net cash provided from operating activities:    
Deferred income tax expense 182,334 110,561
Depletion, depreciation and amortization 283,657 275,866
Abandonment and impairment of unproved properties 14,232 16,254
Derivative fair value income (98,229) (88,736)
Cash settlements on derivative financial instruments 37,849 98,072
Divestiture contract obligation, including accretion 22,853 25,484
Amortization of debt issuance costs and other 3,464 2,996
Deferred and stock-based compensation 37,435 36,378
Gain on the sale of assets (32) (158)
Loss (gain) on early extinguishment of debt 12,344 (3)
Changes in working capital:    
Accounts receivable 56,514 63,063
Other current assets (10,794) (5,084)
Accounts payable (15,418) 8,016
Accrued liabilities and other (76,733) (107,828)
Net cash provided from operating activities 1,161,752 913,818
Investing activities:    
Additions to natural gas, NGLs and oil properties (506,436) (433,415)
Additions to field service assets and other (9,875) (2,036)
Acreage purchases (21,192) (51,499)
Proceeds from disposal of assets 67 161
Purchases of marketable securities held by the deferred compensation plan (7,119) (18,459)
Proceeds from the sales of marketable securities held by the deferred compensation plan 8,353 23,009
Net cash used in investing activities (536,202) (482,239)
Financing activities:    
Borrowings on credit facility 2,262,000 885,000
Repayments on credit facility (2,086,000) (756,000)
Repayment of senior notes (608,250) (608,699)
Dividends paid (70,834) (64,437)
Treasury stock purchases (105,476) (176,613)
Taxes paid for employee shares withheld (21,199) (21,482)
Change in cash overdrafts 1,758 (5,798)
Proceeds from the sales of common stock held by the deferred compensation plan 2,259 12,135
Net cash used in financing activities (625,742) (735,894)
Decrease in cash and cash equivalents (192) (304,315)
Cash and cash equivalents at beginning of period 204 304,490
Cash and cash equivalents at end of period $ 12 $ 175