XML 19 R6.htm IDEA: XBRL DOCUMENT v3.25.3
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating Activities    
Net income (loss) including noncontrolling interest $ 116,226,000 $ 422,032,000
Adjustments to reconcile net income to net cash provided by continuing operations activities    
Depreciation, depletion and amortization 736,949,000 650,309,000
Accretion of asset retirement obligations 43,153,000 39,068,000
Long-term non-cash compensation 28,514,000 30,060,000
Deferred income tax expense 23,305,000 45,136,000
Amortization of undeveloped leases 6,907,000 7,707,000
Unrealized (gain) loss on derivative instruments (3,904,000) 1,344,000
Unsuccessful exploration well costs and previously suspended exploration costs 83,000 69,548,000
(Income) loss from discontinued operations (172,000) 2,123,000
Impairment of assets 115,002,000 34,528,000
Other operating activities, net (47,428,000) (38,260,000)
Net decrease (increase) in non-cash working capital (20,473,000) 31,835,000
Net cash provided by continuing operations activities 998,162,000 1,295,430,000
Investing Activities    
Property additions and dry hole costs (827,007,000) (733,289,000)
Acquisition of oil and natural gas properties (24,405,000) 0
Net cash required by investing activities (851,412,000) (733,289,000)
Financing Activities    
Borrowings on revolving credit facility 475,000,000 350,000,000
Repayment of revolving credit facility (325,000,000) (350,000,000)
Retirement of debt 0 (50,000,000)
Repurchase of common stock (102,620,000) (300,132,000)
Cash dividends paid (139,799,000) (136,208,000)
Withholding tax on stock-based incentive awards (7,669,000) (25,310,000)
Distributions to noncontrolling interest (43,211,000) (96,618,000)
Finance lease obligation payments (543,000) (502,000)
Issue costs of revolving debt facility (18,000) 0
Net cash required by financing activities (143,860,000) (608,770,000)
Effect of exchange rate changes on cash and cash equivalents (499,000) 778,000
Net increase (decrease) in cash and cash equivalents 2,391,000 (45,851,000)
Cash and cash equivalents at beginning of period 423,569,000 317,074,000
Cash and cash equivalents at end of period $ 425,960,000 $ 271,223,000