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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, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Operating revenues and other income:        
Oil, gas, and NGL production revenue $ 811,009 $ 642,380 $ 2,435,705 $ 1,835,427
Other operating income 582 1,233 13,373 2,611
Total operating revenues and other income 811,591 643,613 2,449,078 1,838,038
Operating expenses:        
Oil, gas, and NGL production expense 229,036 148,380 678,117 422,377
Depletion, depreciation, and amortization 325,372 202,942 888,262 548,781
Exploration 11,532 12,097 38,650 47,772
General and administrative 39,317 35,141 120,753 96,431
Net derivative gain (45,479) (86,283) (106,571) (70,256)
Other operating expense, net 5,331 384 12,189 4,206
Total operating expenses 565,109 312,661 1,631,400 1,049,311
Income from operations 246,482 330,952 817,678 788,727
Interest expense (42,937) (50,682) (129,871) (94,362)
Interest income 828 18,017 1,123 31,120
Other non-operating expense, net (80) (637) (134) (684)
Income before income taxes 204,293 297,650 688,796 724,801
Income tax expense (49,205) (57,127) (149,774) (142,786)
Net income $ 155,088 $ 240,523 $ 539,022 $ 582,015
Basic weighted-average common shares outstanding 114,826 114,405 114,592 114,870
Diluted weighted-average common shares outstanding 115,226 114,993 114,990 115,701
Basic net income per common share $ 1.35 $ 2.10 $ 4.70 $ 5.07
Diluted net income per common share 1.35 2.09 4.69 5.03
Net dividends declared per common share $ 0.20 $ 0.20 $ 0.60 $ 0.56