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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2024
Mar. 31, 2024
Sep. 30, 2023
Mar. 31, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:              
Net income $ 49,933 $ 6,438 $ 38,779 $ 50,257 $ 86,088 $ 120,862  
Adjustments to reconcile net income to net cash provided by operations:              
Provision for deferred income taxes         30,898 38,251  
Loss on extinguishment of debt 0   27,300   0 27,300  
Loss on derivative instruments, net (32,334)   29,655   23,411 30,898  
Cash paid on settlement of derivative instruments (1,441)   (13,772)   (11,897) (21,032)  
Amortization of debt issuance costs         6,199 9,352  
Amortization of discounts on long-term debt         7,385 12,660  
Stock-based compensation expense         11,326 22,095  
Accretion expense         722 360  
Depletion, depreciation and amortization 136,578   117,420   395,121 291,562  
Exploration and abandonment expense         386 3,747  
Changes in operating assets and liabilities:              
Accounts receivable         18,145 (29,385)  
Prepaid expenses, inventory and other assets         (12,387) (1,628)  
Accounts payable, accrued liabilities and other current liabilities         (4,524) 16,700  
Net cash provided by operating activities         550,873 521,742  
CASH FLOWS FROM INVESTING ACTIVITIES:              
Additions to crude oil and natural gas properties         (452,148) (840,663)  
Changes in working capital associated with crude oil and natural gas property additions         (13,214) (86,468)  
Acquisitions of crude oil and natural gas properties         (10,367) (9,602)  
Proceeds from sales of properties         118 0  
Deposit and other costs related to pending acquisitions         0 (409)  
Other property additions         (216) (103)  
Net cash used in investing activities         (475,827) (937,245)  
CASH FLOWS FROM FINANCING ACTIVITIES:              
Repurchased shares under buyback program         (27,247) 0  
Dividends paid         (15,082) (8,706)  
Dividend equivalents paid         (1,602) (903)  
Debt issuance costs         (58) (26,401)  
Proceeds from exercises of warrants         1 1,728  
Repayments of 10.000% Senior Notes and 10.625% Senior Notes         0 (475,000)  
Proceeds from issuance of common stock         0 155,768  
Stock offering costs         0 (5,371)  
Premium on extinguishment of debt         0 (4,457)  
Proceeds from exercises of stock options         0 148  
Net cash (used in) provided by financing activities         (133,988) 536,806  
Net (decrease) increase in cash and cash equivalents         (58,942) 121,303  
Cash and cash equivalents, beginning of period   $ 194,515   $ 30,504 194,515 30,504 $ 30,504
Cash and cash equivalents, end of period $ 135,573   $ 151,807   135,573 151,807 $ 194,515
Supplemental cash flow information:              
Cash paid for interest         117,018 93,549  
Cash paid for income taxes         0 0  
Noncash Investing and Financing Items [Abstract]              
Additions to asset retirement obligations         571 241  
Term Loan Credit Agreement [Member]              
CASH FLOWS FROM FINANCING ACTIVITIES:              
Repayments under Term Loan Credit Agreement         (90,000) 0  
Borrowings under Term Loan Credit Agreement         0 1,170,000  
Senior Credit Facility Agreement Due 2026 [Member]              
CASH FLOWS FROM FINANCING ACTIVITIES:              
Repayments under Prior Credit Agreement         0 (525,000)  
Borrowings under Prior Credit Agreement         $ 0 $ 255,000