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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities:    
Net income $ 97,052 $ 92,138
Adjustments to reconcile net income to net cash provided from operating activities:    
Deferred income tax expense 10,683 16,622
Depletion, depreciation and amortization 90,559 87,137
Abandonment and impairment of unproved properties 4,574 2,371
Derivative fair value loss (income) 158,957 (46,598)
Cash settlements on derivative financial instruments 4,573 122,373
Divestiture contract obligation, including accretion 8,897 10,267
Amortization of deferred financing costs and other 1,182 1,232
Deferred and stock-based compensation 15,083 18,215
Gain on the sale of assets (62) (87)
Gain on early extinguishment of debt (3) (64)
Changes in working capital:    
Accounts receivable (28,722) 107,454
Other current assets (9,028) (8,944)
Accounts payable 36,181 12,188
Accrued liabilities and other (59,843) (82,374)
Net cash provided from operating activities 330,083 331,930
Investing activities:    
Additions to natural gas properties (132,681) (132,881)
Additions to field service assets (722) (1,003)
Acreage purchases (24,919) (21,714)
Proceeds from disposal of assets 50 31
Purchases of marketable securities held by the deferred compensation plan (4,480) (13,556)
Proceeds from the sales of marketable securities held by the deferred compensation plan 257 15,234
Net cash used in investing activities (162,495) (153,889)
Financing activities:    
Repayment of senior notes (2,157) (14,975)
Dividends paid (21,613) (19,407)
Treasury stock purchases (67,477) 0
Taxes paid for shares withheld (21,238) (24,214)
Change in cash overdrafts (18,758) 10,003
Proceeds from the sales of common stock held by the deferred compensation plan 3,739 1,689
Net cash used in financing activities (127,504) (46,904)
Increase in cash and cash equivalents 40,084 131,137
Cash and cash equivalents at beginning of period 304,490 211,974
Cash and cash equivalents at end of period $ 344,574 $ 343,111