v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Accounts receivable $ 40,385 $ 34,413
Accrued revenue 513,382 453,613
Derivative instruments 358 1,050
Prepaid expenses 12,693 12,423
Other current assets 7,967 6,047
Total current assets 574,785 507,546
Oil and gas properties, at cost (successful efforts method):    
Unproved properties 883,042 879,483
Proved properties 14,444,544 14,395,680
Gathering systems and facilities 5,802 5,802
Other property and equipment 107,378 105,871
Property and equipment, gross 15,440,766 15,386,836
Less accumulated depletion, depreciation and amortization (5,768,456) (5,699,286)
Property and equipment, net 9,672,310 9,687,550
Operating leases right-of-use assets 2,526,305 2,549,398
Derivative instruments 778 1,296
Investment in unconsolidated affiliate 239,672 231,048
Other assets 35,471 33,212
Total assets 13,049,321 13,010,050
Current liabilities:    
Accrued liabilities 309,131 402,591
Revenue distributions payable 364,219 315,932
Derivative instruments 84,054 31,792
Short-term lease liabilities 515,880 493,894
Deferred revenue, VPP 24,830 25,264
Other current liabilities 13,702 3,175
Total current liabilities 1,485,346 1,445,927
Long-term liabilities:    
Long-term debt 1,285,380 1,489,230
Deferred income tax liability, net 746,803 693,341
Derivative instruments 24,416 17,233
Long-term lease liabilities 2,005,829 2,050,337
Deferred revenue, VPP 29,653 35,448
Other liabilities 63,111 62,001
Total liabilities 5,640,538 5,793,517
Commitments and contingencies
Equity:    
Preferred stock, $0.01 par value; authorized - 50,000 shares; none issued
Common stock, $0.01 par value; authorized - 1,000,000 shares; 311,165 and 311,584 shares issued and outstanding as of December 31, 2024 and March 31, 2025, respectively 3,115 3,111
Additional paid-in capital 5,902,893 5,909,373
Retained earnings 1,312,366 1,109,166
Total stockholders' equity 7,218,374 7,021,650
Noncontrolling interests 190,409 194,883
Total equity 7,408,783 7,216,533
Total liabilities and equity 13,049,321 13,010,050
Affiliated Entity    
Current liabilities:    
Accounts payable 118,262 111,066
Nonrelated Party    
Current liabilities:    
Accounts payable $ 55,268 $ 62,213

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