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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income (loss) $ 88,266 $ 128,041
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Provision for (benefit from) deferred income taxes 429 0
Depletion 30,987 27,411
(Gain) loss on derivative instruments, net 15,103 18,359
Net cash receipts (payments) on derivatives (2,215) (10,264)
Other 643 1,388
Changes in operating assets and liabilities:    
Royalty income receivable (1,381) (29,932)
Royalty income receivable—related party (30,064) (2,048)
Accounts payable and accrued liabilities (2,534) 2,838
Accounts payable—related party (306) 0
Income tax payable 8,566 0
Other (251) 45
Net cash provided by (used in) operating activities 107,243 135,838
Cash flows from investing activities:    
Acquisitions of oil and natural gas interests—related party (75,073) 0
Acquisitions of oil and natural gas interests (40,802) 2,621
Proceeds from sale of oil and natural gas interests (1,908)  
Proceeds from sale of oil and natural gas interests   29,336
Other 1,200 0
Net cash provided by (used in) investing activities (116,583) 31,957
Cash flows from financing activities:    
Proceeds from borrowings under credit facility 118,000 44,000
Repayment on credit facility 0 (100,000)
Repurchased units as part of unit buyback (33,022) (39,260)
Distributions to public (35,325) (35,894)
Distributions to Diamondback (49,366) (43,003)
Other (20) (20)
Net cash provided by (used in) financing activities 267 (174,177)
Net increase (decrease) in cash and cash equivalents (9,073) (6,382)
Cash, cash equivalents and restricted cash at beginning of period 18,179 39,448
Cash, cash equivalents and restricted cash at end of period $ 9,106 $ 33,066