SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2025

The following table presents selected financial information with respect to the Company's one operating segment for the years ended December 31, 2025, 2024 and 2023 (in thousands):


	Year Ended December 31, 2025		Year Ended December 31, 2024		Year Ended December 31, 2023
Total revenues	$	1,422,583	$	958,131	$	1,791,702
Significant segment expenses:
Lease operating expenses	84,242		70,112		68,648
Taxes other than income	29,908		29,737		33,717
Transportation, gathering, processing and compression	358,938		351,237		348,631
Depreciation, depletion, and amortization	304,162		325,723		319,715
Impairment of oil and gas properties	—		373,214		—
General and administrative	42,488		42,558		38,600
Interest expense	54,277		59,982		57,069
Other segment expenses(1)	5,263		23,031		(20,438)
Income tax expense (benefit)	115,495		(56,077)		(525,156)
Total significant segment expenses	994,773		1,219,517		320,786
Net income (loss)	$	427,810	$	(261,386)	$	1,470,916

Capital expenditures(2)	$	565,273	$	464,492	$	521,187

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(1) Other segment expenses include “Restructuring costs”, “Accretion expense”, “Loss on debt extinguishment” and “Other, net” from the consolidated statements of operations.

(2) Capital expenditures include capitalized general and administrative costs and capitalized interest expense.