XML 60 R46.htm IDEA: XBRL DOCUMENT v3.25.2
Segment Reporting (Details)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
USD ($)
Mar. 31, 2025
USD ($)
Jun. 30, 2024
USD ($)
Mar. 31, 2024
USD ($)
Jun. 30, 2025
USD ($)
reportable_business_segments
Jun. 30, 2024
USD ($)
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]            
Total operating revenues and other income $ 792,943   $ 634,555   $ 1,637,487 $ 1,194,425
Oil, gas, and NGL production expense 224,008   136,622   449,081 273,997
Depletion, depreciation, and amortization 292,990   179,651   562,890 345,839
Exploration 15,355   17,094   27,118 35,675
General and administrative 42,097   31,112   81,436 61,290
Net derivative (gain) loss 78,308   12,118   61,092 (16,027)
Other operating expense, net (1,893)   (2,814)   (6,858) (3,822)
Interest Expense 42,561   21,807   86,934 43,680
Interest income 182   6,333   295 13,103
Other non-operating expense (27)   (23)   (54) (47)
Income tax expense (50,837)   (53,590)   (100,569) (85,659)
Net income 201,665 $ 182,269 210,293 $ 131,199 $ 383,934 341,492
Segment Reporting, Disclosure of Other Information about Entity's Reportable Segments [Abstract]            
Number of Reportable Segments | reportable_business_segments         1  
Segment Reporting, CODM, Individual Title and Position or Group Name [Extensible Enumeration]         Chief Executive Officer [Member], President [Member]  
Segment Reporting, CODM, Profit (Loss) Measure, How Used, Description         The CODM uses net income as presented on the accompanying statements of operations to measure E&P Segment profit or loss, and to evaluate income generated from E&P Segment assets in deciding whether to reinvest profits into operational activities or to use profits for other purposes, such as debt reduction, acquisitions, or the Company’s Stock Repurchase Program. Additionally, net income is used in assessing budget versus actual results and in benchmarking to the Company’s competitors  
E&P Segment            
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]            
Total operating revenues and other income 792,943   634,555   $ 1,637,487 1,194,425
Depletion, depreciation, and amortization 292,990   179,651   562,890 345,839
Exploration 15,355   17,094   27,118 35,675
General and administrative 42,097   31,112   81,436 61,290
Net derivative (gain) loss (78,308)   (12,118)   (61,092) 16,027
Other operating expense, net 1,893   2,814   6,858 3,822
Interest Expense 42,561   21,807   86,934 43,680
Interest income (182)   (6,333)   (295) (13,103)
Other non-operating expense 27   23   54 47
Income tax expense 50,837   53,590   100,569 85,659
Net income 201,665   210,293   383,934 341,492
E&P Segment | Lease operating expense            
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]            
Oil, gas, and NGL production expense 105,001   69,538   213,864 142,643
E&P Segment | Transportation costs            
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]            
Oil, gas, and NGL production expense 78,542   28,035   148,097 55,352
E&P Segment | Production taxes            
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]            
Oil, gas, and NGL production expense 30,240   27,209   67,082 52,354
E&P Segment | Ad Valorem Tax            
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]            
Oil, gas, and NGL production expense $ 10,225   $ 11,840   $ 20,038 $ 23,648