XML 24 R5.htm IDEA: XBRL DOCUMENT v3.25.0.1
STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues      
Revenue from Contract with Customer, Product and Service [Extensible Enumeration] Oil and Gas Sales, Other Revenue Oil and Gas Sales, Other Revenue Oil and Gas Sales, Other Revenue
Gain (Loss) on Commodity Derivatives, Net $ 61,967 $ 259,250 $ (415,262)
Total Revenues 2,225,728 2,166,259 1,570,535
Operating Expenses      
Production Expenses 429,792 347,006 260,676
Production Taxes 157,091 160,118 158,194
General and Administrative Expenses 50,463 46,801 47,201
Depletion, Depreciation, Amortization and Accretion 740,901 486,024 251,272
Other Expenses 9,650 4,448 0
Total Operating Expenses 1,387,897 1,044,397 717,343
Income From Operations 837,831 1,121,862 853,192
Other Income (Expense)      
Interest Expense, Net of Capitalization (157,717) (135,664) (80,331)
Gain (Loss) on Unsettled Interest Rate Derivatives, Net 263 (1,017) 993
Gain on the Extinguishment of Debt, Net 0 659 810
Contingent Consideration Gain 0 10,107 1,859
Other Income 440 4,795 (185)
Total Other Income (Expense) (157,014) (121,120) (76,854)
Income Before Income Taxes 680,817 1,000,742 776,338
Income Tax Expense 160,509 77,773 3,101
Net Income 520,308 922,969 773,237
Cumulative Preferred Stock Dividend 0 0 (9,803)
Premium on Repurchase of Preferred Stock 0 0 (35,731)
Net Income Attributable to Common Stockholders $ 520,308 $ 922,969 $ 727,703
Net Income Per Common Share - Basic (in dollars per share) $ 5.21 $ 10.09 $ 9.26
Net Income Per Common Share - Diluted (in dollars per share) $ 5.14 $ 10.03 $ 8.92
Weighted Average Shares Outstanding - Basic (in shares) 99,852,539 91,483,687 78,557,216
Weighted Average Shares Outstanding - Diluted (in shares) 101,267,625 92,060,947 86,675,365
Oil and Gas Sales      
Revenues      
Oil and Gas Sales $ 2,152,079 $ 1,897,779 $ 1,985,798
Other Revenue      
Revenues      
Oil and Gas Sales $ 11,682 $ 9,230 $ 0