v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Restricted cash   $ 210,000
Accounts receivable $ 32,449 33,773
Accrued revenue 454,199 473,453
Derivative instruments 163,386 68,913
Prepaid expenses 13,621 14,554
Current assets held for sale   20,269
Other current assets 14,273 10,818
Total current assets 677,928 831,780
Oil and gas properties, at cost (successful efforts method):    
Unproved properties 1,110,301 796,705
Proved properties 16,936,783 14,049,003
Other property and equipment 118,728 113,020
Property and equipment, gross 18,165,812 14,958,728
Less accumulated depletion, depreciation and amortization (5,956,634) (5,753,416)
Property and equipment, net 12,209,178 9,205,312
Operating leases right-of-use assets 2,090,310 2,132,509
Derivative instruments 50,812 12,524
Investment in unconsolidated affiliate 253,164 245,653
Assets held for sale   754,737
Other assets 68,054 62,892
Total assets 15,349,446 13,245,407
Current liabilities:    
Accrued liabilities 372,850 338,847
Revenue distributions payable 521,927 384,777
Derivative instruments 5,143  
Short-term lease liabilities 536,304 516,256
Deferred revenue, VPP 23,647 23,502
Current liabilities held for sale   62,310
Other current liabilities 17,262 26,653
Total current liabilities 1,693,182 1,503,313
Long-term liabilities:    
Long-term debt 2,664,797 1,397,976
Deferred income tax liability, net 1,141,934 907,306
Derivative instruments 7,380  
Long-term lease liabilities 1,549,564 1,612,288
Deferred revenue, VPP 6,006 11,946
Liabilities held for sale   39,789
Other liabilities 63,370 57,140
Total liabilities 7,126,233 5,529,758
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; 308,510 and 309,825 shares issued and outstanding as of December 31, 2025 and March 31, 2026, respectively 3,098 3,085
Additional paid-in capital 5,842,435 5,865,447
Retained earnings 2,217,511 1,682,295
Total stockholders' equity 8,063,044 7,550,827
Noncontrolling interests 160,169 164,822
Total equity 8,223,213 7,715,649
Total liabilities and equity 15,349,446 13,245,407
Affiliated Entity    
Current liabilities:    
Accounts payable 138,084 101,454
Nonrelated Party    
Current liabilities:    
Accounts payable $ 77,965 $ 49,514

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