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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating Activities      
Net income including noncontrolling interest $ 138,799,000 $ 486,485,000 $ 723,681,000
Adjustments to reconcile net income to net cash provided by continuing operations activities      
Depreciation, depletion and amortization 977,753,000 865,753,000 861,602,000
Unsuccessful exploration well costs and previously suspended exploration costs 30,095,000 73,201,000 169,795,000
Deferred income tax expense 34,673,000 72,434,000 179,823,000
Impairment of assets 115,002,000 62,909,000 0
Accretion of asset retirement obligations 57,730,000 52,511,000 46,059,000
Long-term non-cash compensation 45,128,000 45,057,000 61,953,000
Amortization of undeveloped leases 11,634,000 9,587,000 10,925,000
(Income) loss from discontinued operations (485,000) 2,812,000 1,467,000
Unrealized (gain) loss on derivative instruments (1,706,000) 1,707,000 0
Contingent consideration payment 0 0 (139,574,000)
Unrealized loss on contingent consideration 0 0 7,113,000
Other operating activities, net (86,763,000) (18,349,000) (74,728,000)
Net decrease (increase) in non-cash working capital (74,052,000) 74,883,000 (99,361,000)
Net cash provided by continuing operations activities 1,247,808,000 1,728,990,000 1,748,755,000
Investing Activities      
Property additions and dry hole costs [1] (1,020,611,000) (900,108,000) (1,066,015,000)
Acquisition of oil and natural gas properties [1] (29,034,000) (8,056,000) (35,578,000)
Proceeds from sales of property, plant and equipment 20,719,000 0 102,913,000
Net cash required by investing activities (1,028,926,000) (908,164,000) (998,680,000)
Financing Activities      
Retirement of debt 0 (650,112,000) (498,175,000)
Early redemption of debt cost 0 (15,700,000) 0
Debt issuance 0 600,000,000 0
Debt issuance cost 0 (10,145,000) 0
Borrowings on revolving credit facility 550,000,000 350,000,000 600,000,000
Repayment of revolving credit facility (450,000,000) (350,000,000) (600,000,000)
Issue costs of revolving credit facility (418,000) (14,718,000) (20,000)
Repurchase of common stock (102,620,000) (301,350,000) (150,022,000)
Cash dividends paid (186,205,000) (179,961,000) (170,978,000)
Distributions to noncontrolling interest (63,841,000) (118,580,000) (29,382,000)
Withholding tax on stock-based incentive awards (9,743,000) (25,310,000) (14,276,000)
Finance lease obligation payments (1,238,000) (665,000) (622,000)
Contingent consideration payment 0 0 (60,243,000)
Net cash required by financing activities (264,065,000) (716,541,000) (923,718,000)
Effect of exchange rate changes on cash and cash equivalents (1,190,000) 2,210,000 (1,246,000)
Net increase (decrease) in cash and cash equivalents (46,373,000) 106,495,000 (174,889,000)
Cash and cash equivalents at beginning of period 423,569,000 317,074,000 491,963,000
Cash and cash equivalents at end of period $ 377,196,000 $ 423,569,000 $ 317,074,000
[1] Prior period amounts have been reclassified to conform to current period presentation.