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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (in thousands, except per share data) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Operating revenues and other income:        
Oil, gas, and NGL production revenue $ 639,699 $ 827,558 $ 1,757,032 $ 2,676,656
Other operating income 1,202 7,893 8,128 10,673
Total operating revenues and other income 640,901 835,451 1,765,160 2,687,329
Operating expenses:        
Oil, gas, and NGL production expense 138,264 159,961 426,200 470,245
Depletion, depreciation, amortization, and asset retirement obligation liability accretion 189,353 145,865 501,374 460,169
Exploration 10,245 14,203 43,633 44,117
General and administrative 29,255 28,428 84,424 81,715
Net derivative (gain) loss 75,355 (137,577) 12,352 385,180
Other operating expense, net 2,832 2,290 20,182 9,080
Total operating expenses 445,304 213,170 1,088,165 1,450,506
Income from operations 195,597 622,281 676,995 1,236,823
Interest expense (23,106) (22,825) (67,713) (97,708)
Interest income 4,106 1,546 13,802 2,080
Loss on extinguishment of debt 0 0 0 (67,605)
Other non-operating expense, net (233) (383) (696) (1,150)
Income before income taxes 176,364 600,619 622,388 1,072,440
Income tax (expense) benefit 45,979 (119,379) (51,619) (218,951)
Net income $ 222,343 $ 481,240 $ 570,769 $ 853,489
Basic weighted-average common shares outstanding 117,823 123,195 119,589 122,318
Diluted weighted-average common shares outstanding 118,328 124,279 120,165 124,233
Basic net income per common share $ 1.89 $ 3.91 $ 4.77 $ 6.98
Diluted net income per common share 1.88 3.87 4.75 6.87
Dividends declared per common share $ 0.15 $ 0.15 $ 0.45 $ 0.16