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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income (loss) $ 94,929 $ (46,695) $ 184,131
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation, depletion and amortization 320,297 291,320 104,511
Amortization of deferred financing costs and long-term debt discount 5,259 5,534 6,546
Share-based compensation 23,836 18,867 9,250
Change in fair value of warrant liability 0 (2,950) (3,662)
Loss on extinguishment of debt 0 21,566 11,487
Impairment of oil and gas properties 0 25,617 0
Commodity derivative (gains) losses 4,905 (15,199) (39,037)
Net cash received for commodity derivative settlements 15,803 24,613 7,104
Interest rate derivative gains 0 (462) (110)
Net cash received (paid) for interest rate derivative settlements 0 781 (209)
Loss on sale of oil and gas properties 0 144,471 0
Deferred tax (benefit) expense (6,702) (42,946) 1,631
Change in operating assets and liabilities:      
Accrued revenue and accounts receivable (16,014) 33,564 (25,313)
Prepaid assets 5,666 19,550 (616)
Other long-term assets 2 2,089 (3,652)
Accounts payable and accrued expenses 14,231 8,810 (88,558)
Due to affiliates 0 0 (380)
Operating lease liabilities and other long-term liabilities 216 (1,030) 1,837
Net cash provided by operating activities 462,428 487,500 164,960
Cash flows from investing activities:      
Predecessor cash not contributed in the Falcon Merger 0 0 (15,228)
Purchases of oil and gas properties, net of post-close adjustments (329,885) (170,545) (557,569)
Proceeds from sale of oil and gas properties 0 113,298 0
Other, net (74) (2,479) (840)
Net cash used in investing activities (329,959) (59,726) (558,099)
Cash flows from financing activities:      
Borrowings on credit facilities 474,400 644,500 348,895
Repayments on credit facilities (263,600) (877,500) (209,000)
Borrowings on Bridge Loan Facility 0 0 425,000
Repayments on Bridge Loan Facility 0 0 (425,000)
Debt extinguishment costs 0 (12,176) 0
Distributions paid to Temporary Equity 0 0 (115,375)
Distributions to noncontrolling interest (112,421) (158,968) (13,318)
Dividends paid to Class A stockholders (121,272) (161,951) (18,165)
Dividend equivalent rights paid (1,165) (1,048) (579)
Cash paid for taxes related to net settlement of share-based compensation awards (2,361) (3,444) 0
Deferred initial public offering costs 0 0 (61)
Other 0 0 (1,180)
Net cash (used in) provided by financing activities (144,374) (431,397) 399,578
Net change in cash and cash equivalents (11,905) (3,623) 6,439
Cash and cash equivalents, beginning of period 15,195 18,818 12,379
Cash and cash equivalents, end of period 3,290 15,195 18,818
Supplemental disclosure of non-cash transactions:      
Increase (decrease) in current liabilities for additions to property and equipment: 343 (12) (379)
Oil and gas properties acquired through issuance of Class C Common Stock and common units in consolidated subsidiary: 0 70,740 3,348,216
Temporary equity cumulative adjustment to redemption value: 0 0 706,940
Supplemental disclosure of cash flow information:      
Cash paid for income taxes: 3,135 9,276 1,866
Cash paid for interest expense: 83,074 77,310 29,030
Class A Common Stock      
Cash flows from financing activities:      
Repurchases of Common Stock (95,216) 0 0
Class C Common Stock      
Cash flows from financing activities:      
Repurchases of Common Stock (22,141) 0 0
2026 Senior Notes      
Cash flows from financing activities:      
Issuance of Senior Notes 0 0 444,500
Repayments on 2026 Senior Notes 0 (438,750) (11,250)
2028 Senior Notes      
Cash flows from financing activities:      
Issuance of Senior Notes 0 600,000 0
Debt issuance costs (598) (22,060) (24,889)
Falcon Minerals      
Cash flows from investing activities:      
Acquisition, net of cash 0 0 4,484
Brigham Minerals      
Cash flows from investing activities:      
Acquisition, net of cash 0 0 11,054
Commodity Contracts      
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Commodity derivative (gains) losses 4,905 (15,199) (39,037)
Interest Rate Contract      
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Interest rate derivative gains $ 0 $ (462) $ (110)