v3.26.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows provided by (used in) operating activities:    
Net income including noncontrolling interests $ 1,201,770 $ 471,649
Adjustments to reconcile net income to net cash provided by operating activities:    
Depletion, depreciation, amortization and accretion 677,702 565,546
Impairment of property and equipment 6,958 24,143
Commodity derivative fair value gains (384,223) (20,981)
Gains (losses) on settled commodity derivatives 104,647 (18,940)
Deferred income tax expense 313,685 145,757
Equity-based compensation expense 38,151 46,501
Equity in earnings of unconsolidated affiliate (170,207) (88,279)
Dividends of earnings from unconsolidated affiliate 93,941 93,941
Amortization of deferred revenue (17,579) (18,896)
Amortization of debt issuance costs and other 1,335 913
Settlement of asset retirement obligations (119) (71)
Contract termination, loss contingency and settlements 8,765 11,429
Loss (gain) on sale of assets (61,719) 142
Loss on early extinguishment of debt 6,742 3,628
Changes in current assets and liabilities:    
Accounts receivable 7,164 (2,735)
Accrued revenue 61,299 96,738
Prepaid expenses and other current assets 23,366 2,122
Accounts payable including related parties 912 (2,679)
Accrued liabilities (72,419) (94,535)
Revenue distributions payable 43,902 45,323
Other current liabilities (10,965) (529)
Net cash provided by operating activities 1,873,108 1,260,187
Cash flows provided by (used in) investing activities:    
Additions to unproved properties (79,283) (89,954)
Drilling and completion costs (804,260) (523,302)
Additions to other property and equipment (23,721) (3,957)
Acquisition of HG Production (2,803,195)  
Acquisitions of oil and gas properties (321,792) (241,162)
Proceeds from asset sales 755,142 15,956
Change in other assets (31,463) (11,770)
Net cash used in investing activities (3,308,572) (854,189)
Cash flows provided by (used in) financing activities:    
Issuances and borrowings of debt 10,923,493 3,641,800
Repayments of debt (9,531,090) (3,828,533)
Repurchases of common stock (93,589) (136,321)
Payment of debt issuance costs (12,291) (1,078)
Distributions to noncontrolling interests in Martica Holdings LLC (24,996) (54,006)
Employee tax withholding for settlement of equity-based compensation awards (35,005) (26,749)
Other (1,058) (1,111)
Net cash provided by (used in) financing activities 1,225,464 (405,998)
Net decrease in cash, cash equivalents and restricted cash (210,000) 0
Cash, cash equivalents and restricted cash, beginning of period 210,000 0
Cash, cash equivalents and restricted cash, end of period 0 0
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 128,279 80,909
Increase (decrease) in accounts payable, accrued liabilities and other current liabilities for additions to property and equipment 46,921 (17,248)
Increase in other current liabilities for acquisitions of oil and gas properties   $ 15,951
In-kind liquidating distribution to noncontrolling interests $ 160,583