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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 15,335 $ (137,723)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Deferred income taxes 310 (54,431)
Depreciation, depletion and amortization 326,270 384,931
(Gain) loss on derivative financial instruments 94,492 (14,055)
Cash settlements of derivative financial instruments (3,673) 108,547
Amortization of debt discount and issuance costs 5,919 5,383
Stock-based compensation 9,971 7,497
Decrease in accounts receivable 1,318 76,231
Decrease in other current assets 25,881 4,846
Increase (decrease) in accounts payable and accrued expenses 46,487 (126,112)
Net cash provided by operating activities 522,310 255,114
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures and acquisitions (642,327) (588,208)
Prepaid drilling costs 3,060 12,484
Net cash used for investing activities (639,267) (575,724)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on bank credit facility 335,000 430,000
Repayments of bank credit facility (275,000) (585,000)
Issuance of Senior Notes 0 372,000
Issuance of common stock 0 100,450
Debt and stock issuance costs (36) (6,768)
Income tax withholdings on equity awards (10,947) (3,373)
Contributions from noncontrolling interest 92,500 17,000
Distribution to noncontrolling interest (5,500) (1,098)
Net cash provided by financing activities 136,017 323,211
Net increase in cash and cash equivalents 19,060 2,601
Cash and cash equivalents, beginning of period 6,799 16,669
Cash and cash equivalents, end of period $ 25,859 $ 19,270