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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Total revenues $ 470,262 $ 246,830 $ 983,116 $ 582,602
Operating expenses:        
Production and ad valorem taxes 10,555 19,244 21,734 37,152
Gathering and transportation 41,759 49,361 84,376 96,460
Lease operating 31,109 34,805 66,109 69,877
Exploration 0 0 2,150 0
Depreciation, depletion and amortization 158,379 194,242 326,270 384,931
Gas services 126,714 31,494 243,483 80,174
General and administrative 12,300 10,177 23,380 19,348
Total operating expenses 380,816 339,323 767,502 687,942
Operating income (loss) 89,446 (92,493) 215,614 (105,340)
Other income (expenses):        
Gain (loss) from derivative financial instruments 235,847 (25,252) (94,492) 14,055
Other income 2,100 322 2,439 653
Interest expense (55,178) (51,932) (110,015) (101,489)
Total other income (expenses) 182,769 (76,862) (202,068) (86,781)
Income (loss) before income taxes 272,215 (169,355) 13,546 (192,121)
(Provision for) benefit from income taxes (141,487) 46,106 1,789 54,398
Net income (loss) 130,728 (123,249) 15,335 (137,723)
Net income attributable to noncontrolling interest (5,886) (3,061) (11,771) (4,908)
Net income (loss) available to the Company $ 124,842 $ (126,310) $ 3,564 $ (142,631)
Net income (loss) per share:        
Basic (in dollars per share) $ 0.45 $ (0.43) $ 0.05 $ (0.49)
Diluted (in dollars per share) $ 0.44 $ (0.43) $ 0.05 $ (0.49)
Weighted average shares outstanding:        
Basic (in shares) 290,604 289,670 290,455 283,816
Diluted (in shares) 294,247 289,670 294,026 283,816
Total natural gas and oil sales        
Revenues:        
Total revenues $ 339,966 $ 217,601 $ 752,954 $ 505,560
Natural gas sales        
Revenues:        
Total revenues 339,225 216,527 751,511 503,610
Oil sales        
Revenues:        
Total revenues 741 1,074 1,443 1,950
Gas services        
Revenues:        
Total revenues $ 130,296 $ 29,229 $ 230,162 $ 77,042