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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 731 $ 317
Restricted cash 75 78
Accounts receivable, net 1,074 1,226
Derivative assets 46 84
Other current assets 346 292
Total current assets 2,272 1,997
Natural gas and oil properties, successful efforts method    
Proved natural gas and oil properties 24,755 23,093
Unproved properties 5,563 5,897
Other property and equipment 679 654
Total property and equipment 30,997 29,644
Less: accumulated depreciation, depletion and amortization (6,825) (5,362)
Total property and equipment, net 24,172 24,282
Long-term derivative assets 13 1
Deferred income tax assets 457 589
Other long-term assets 854 1,025
Total assets 27,768 27,894
Current liabilities:    
Accounts payable 747 777
Current maturities of long-term debt, net 0 389
Accrued interest 107 100
Derivative liabilities 155 71
Other current liabilities 1,915 1,786
Total current liabilities 2,924 3,123
Long-term debt, net 5,122 5,291
Long-term derivative liabilities 85 68
Asset retirement obligations, net of current portion 513 499
Long-term contract liabilities 1,083 1,227
Other long-term liabilities 104 121
Total liabilities 9,831 10,329
Contingencies and commitments (Note 5)
Stockholders' equity:    
Common stock, $0.01 par value, 450,000,000 shares authorized: 237,437,223 and 231,769,886 shares issued 2 2
Additional paid-in capital 13,716 13,687
Retained earnings 4,219 3,876
Total stockholders' equity 17,937 17,565
Total liabilities and stockholders' equity $ 27,768 $ 27,894