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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (in thousands, except share data) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 162,251 $ 0
Accounts receivable 367,688 360,976
Derivative assets 68,567 48,522
Prepaid expenses and other 34,452 25,201
Total current assets 632,958 434,699
Property and equipment (successful efforts method):    
Proved oil and gas properties 15,653,507 14,301,502
Accumulated depletion, depreciation, and amortization (8,477,647) (7,603,195)
Unproved oil and gas properties, net of valuation allowance of $12,334 and $32,680, respectively 592,493 764,924
Wells in progress 424,891 481,893
Other property and equipment, net of accumulated depreciation of $64,658 and $61,737, respectively 71,669 47,585
Total property and equipment, net 8,264,913 7,992,709
Noncurrent assets:    
Derivative assets 4,677 3,973
Other noncurrent assets 186,952 145,266
Total noncurrent assets 191,629 149,239
Total assets 9,089,500 8,576,647
Current liabilities:    
Accounts payable and accrued expenses 674,157 760,473
Senior Notes, net 418,593 0
Derivative liabilities 9,888 7,058
Other current liabilities 32,688 22,419
Total current liabilities 1,135,326 789,950
Noncurrent liabilities:    
Revolving credit facility 0 68,500
Senior Notes, net 2,294,118 2,708,243
Asset retirement obligations 150,127 145,313
Net deferred tax liabilities 690,446 545,295
Derivative liabilities 4,852 7,142
Other noncurrent liabilities 101,544 74,947
Total noncurrent liabilities 3,241,087 3,549,440
Commitments and contingencies (note 6)
Stockholders’ equity:    
Common stock, $0.01 par value - authorized: 200,000,000 shares; issued and outstanding: 114,554,192 and 114,461,934 shares, respectively 1,146 1,145
Additional paid-in capital 1,507,875 1,501,779
Retained earnings 3,205,190 2,735,494
Accumulated other comprehensive loss (1,124) (1,161)
Total stockholders’ equity 4,713,087 4,237,257
Total liabilities and stockholders’ equity $ 9,089,500 $ 8,576,647