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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Operating Activities    
Net income including noncontrolling interest $ 527,718,000 $ 116,226,000
Adjustments to reconcile net income to net cash provided by continuing operations activities    
Depreciation, depletion and amortization 787,914,000 736,949,000
Deferred income tax expense 135,277,000 23,305,000
Unsuccessful exploration well costs and previously suspended exploration costs 86,699,000 83,000
Accretion of asset retirement obligations 44,440,000 43,153,000
Long-term non-cash compensation 40,858,000 28,514,000
Amortization of undeveloped leases 7,254,000 6,907,000
(Income) loss from discontinued operations 1,238,000 (172,000)
Unrealized gain on derivative instruments 0 (3,904,000)
Impairment of assets 0 115,002,000
Net increase in non-cash working capital (15,021,000) (20,473,000)
Other operating activities, net (98,768,000) (47,428,000)
Net cash provided by continuing operations activities 1,517,609,000 998,162,000
Investing Activities    
Property additions and dry hole costs (1,333,039,000) (827,007,000)
Acquisition of oil and natural gas properties (28,647,000) (24,405,000)
Net cash required by investing activities (1,361,686,000) (851,412,000)
Financing Activities    
Retirement of debt (227,489,000) 0
Early redemption of debt cost (2,504,000) 0
Debt issuance 500,000,000 0
Debt issuance cost (8,254,000) 0
Borrowings on revolving credit facility 700,000,000 475,000,000
Repayment of revolving credit facility (800,000,000) (325,000,000)
Issue costs of revolving credit facility (12,274,000) (18,000)
Repurchase of common stock, including excise tax (777,000) (102,620,000)
Cash dividends paid (150,528,000) (139,799,000)
Distributions to noncontrolling interest (21,164,000) (43,211,000)
Withholding tax on stock-based incentive awards (8,496,000) (7,669,000)
Finance lease obligation payments (1,348,000) (543,000)
Net cash required by financing activities (32,834,000) (143,860,000)
Effect of exchange rate changes on cash and cash equivalents 16,000 (499,000)
Net increase in cash and cash equivalents 123,105,000 2,391,000
Cash and cash equivalents at beginning of period 377,196,000 423,569,000
Cash and cash equivalents at end of period $ 500,301,000 $ 425,960,000