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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 344,574 $ 304,490
Accounts receivable, less allowance for doubtful accounts of $250 and $255 330,949 302,212
Derivative assets 5,984 84,479
Prepaid assets 15,117 12,722
Other current assets 23,862 17,558
Total current assets 720,486 721,461
Derivative assets 486 2,619
Natural gas and oil properties, net (successful efforts method) [1] 6,476,813 6,421,700
Other Property and equipment, net 2,799 2,465
Operating lease right-of-use assets 100,110 119,838
Other assets 82,030 79,592
Total assets 7,382,724 7,347,675
Current liabilities:    
Accounts payable 139,604 133,132
Asset retirement obligations 1,189 1,189
Accrued liabilities 268,699 289,148
Deferred compensation liabilities 21,794 21,649
Accrued interest 24,681 36,920
Derivative liabilities 70,845 9,634
Operating lease liabilities 67,468 87,138
Divestiture contract obligation 83,246 86,991
Current maturities of long-term debt [2] 606,434 608,269
Total current liabilities 1,283,960 1,274,070
Senior notes 1,090,107 1,089,614
Deferred tax liabilities 552,057 541,378
Derivative liabilities 32,178 10,488
Deferred compensation liabilities 66,336 65,233
Operating lease liabilities 35,535 35,737
Asset retirement obligations and other liabilities 140,607 137,181
Divestiture contract obligation 242,583 257,317
Total liabilities 3,443,363 3,411,018
Commitments and contingencies
Stockholders’ Equity    
Preferred stock, $1 par, 10,000,000 shares authorized, none issued and outstanding 0 0
Common stock, $0.01 par, 475,000,000 shares authorized, 268,487,931 issued at March 31, 2025 and 267,435,419 shares at December 31, 2024 2,685 2,674
Common stock held in treasury, at cost, 28,591,527 shares at March 31, 2025 and 26,766,065 shares at December 31, 2024 (581,822) (513,941)
Additional paid-in capital 5,923,531 5,927,893
Accumulated other comprehensive income 597 611
Retained deficit (1,405,630) (1,480,580)
Total stockholders' equity 3,939,361 3,936,657
Total liabilities and stockholders’ equity $ 7,382,724 $ 7,347,675
[1] Includes capitalized asset retirement costs and the associated accumulated amortization.
[2] As of March 31, 2025, current maturities include $606.5 million principal amount of our 4.875% senior notes due 2025 ($606.4 million net of deferred financing costs). We expect to repay the current maturities with a combination of cash on hand and borrowings under the credit facility.