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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
The following table is a listing of the Company’s assets and liabilities that are measured at fair value on a recurring basis in the accompanying balance sheets and where they are classified within the fair value hierarchy:
As of March 31, 2025As of December 31, 2024
Level 1Level 2Level 3Level 1Level 2Level 3
(in thousands)
Assets:
Derivatives
$— $64,173 $— $— $52,495 $— 
Liabilities:
Derivatives
$— $50,844 $— $— $14,200 $— 
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments
Long-Term Debt
The following table reflects the fair value of the Company’s Senior Notes obligations measured using Level 1 inputs based on quoted secondary market trading prices. These notes were not presented at fair value on the accompanying balance sheets as of March 31, 2025, or December 31, 2024, as they were recorded at carrying value, net of any unamortized deferred financing costs. Refer to Note 5 - Long-Term Debt for additional information.
As of March 31, 2025As of December 31, 2024
Principal AmountFair ValuePrincipal AmountFair Value
(in thousands)
6.75% Senior Notes due 2026
$419,235 $419,545 $419,235 $419,654 
6.625% Senior Notes due 2027
$416,791 $416,653 $416,791 $416,149 
6.5% Senior Notes due 2028
$400,000 $397,840 $400,000 $398,676 
6.75% Senior Notes due 2029
$750,000 $740,580 $750,000 $742,275 
7.0% Senior Notes due 2032
$750,000 $735,938 $750,000 $741,053