| Summary of current accrued liabilities |
The following table summarizes the Company’s current accounts payable and accrued liabilities at September 30, 2026 and December 31, 2025 (in thousands). | | | | | | | | | | | | | September 30,
2026 | | December 31,
2025 | | Accounts payable | $ | 197,591 | | | $ | 179,337 | | | Accrued evaluated and unproved and unevaluated property costs | 180,994 | | | 151,680 | | | Accrued lease operating expenses | 133,921 | | | 85,009 | | | Accrued interest on debt | 80,386 | | | 32,157 | | | Accrued derivative payments | 69,242 | | | — | | | Accrued payable related to purchased natural gas | 59,925 | | | 10,530 | | | Accrued partners’ share of joint interest charges | 55,233 | | | 24,427 | | | Accrued compensation and benefits | 39,482 | | | 33,162 | | | Accrued midstream properties costs | 27,804 | | | 7,648 | | | Accrued asset retirement obligations | 4,470 | | | 6,309 | | | Other | 29,455 | | | 10,361 | | | | | | | Total accounts payable and accrued liabilities | $ | 878,503 | | | $ | 540,620 | |
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| Supplemental disclosures of cash flow information |
The Company’s cash (refunds) payments for income taxes during the three and nine months ended September 30, 2026 and 2025 are as follows (in thousands). | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
September 30, | | Nine Months Ended
September 30, | | | 2026 | | 2025 | | 2026 | | 2025 | | Federal | | $ | — | | | $ | — | | | $ | (22,733) | | | $ | 43,000 | | | State | | | | | | | | | | New Mexico | | — | | | — | | | (4,039) | | | 7,500 | | | Other | | — | | | — | | | (50) | | | — | | | Total cash (refunds) payments for income taxes | | $ | — | | | $ | — | | | $ | (26,822) | | | $ | 50,500 | | | | | | | | | | | | | | | | | | | |
The following table provides supplemental disclosures of cash flow information for the nine months ended September 30, 2026 and 2025 (in thousands). | | | | | | | | | | | | | Nine Months Ended
September 30, | | 2026 | | 2025 | | Cash paid for interest expense, net of amounts capitalized | $ | 133,485 | | | $ | 110,732 | | | Increase in asset retirement obligations related to mineral properties | $ | 101,805 | | | $ | 16,568 | | | Increase in asset retirement obligations related to midstream properties | $ | 2,778 | | | $ | 341 | | | Increase in liabilities for drilling, completion and equipping capital expenditures | $ | 7,617 | | | $ | 43,167 | | | Increase in liabilities for acquisition of oil and natural gas properties | $ | 1,945 | | | $ | 1,146 | | | Increase in liabilities for midstream properties capital expenditures | $ | 19,593 | | | $ | 12,330 | | | | | | | | | | | | | | | Stock-based compensation expense recognized as a liability | $ | 15,849 | | | $ | 8,795 | | | | | | | | | | | Transfer of inventory to (from) oil and natural gas properties | $ | 3,643 | | | $ | (18,194) | | | | | |
The following table provides a reconciliation of cash and restricted cash recorded in the interim unaudited condensed consolidated balance sheets to cash and restricted cash as presented on the interim unaudited condensed consolidated statements of cash flows (in thousands). | | | | | | | | | | | | | Nine Months Ended
September 30, | | 2026 | | 2025 | | Cash | $ | 11,756 | | | $ | 20,150 | | | Restricted cash | 58,357 | | | 76,237 | | | Total cash and restricted cash | $ | 70,113 | | | $ | 96,387 | |
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