v3.25.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Accounts receivable $ 37,148 $ 34,413
Accrued revenue 356,875 453,613
Derivative instruments 17,423 1,050
Prepaid expenses 9,347 12,423
Other current assets 7,001 6,047
Total current assets 427,794 507,546
Oil and gas properties, at cost (successful efforts method):    
Unproved properties 883,387 879,483
Proved properties 14,892,584 14,395,680
Gathering systems and facilities 5,802 5,802
Other property and equipment 111,811 105,871
Property and equipment, gross 15,893,584 15,386,836
Less accumulated depletion, depreciation and amortization (5,979,676) (5,699,286)
Property and equipment, net 9,913,908 9,687,550
Operating leases right-of-use assets 2,266,976 2,549,398
Derivative instruments 638 1,296
Investment in unconsolidated affiliate 256,496 231,048
Other assets 46,245 33,212
Total assets 12,912,057 13,010,050
Current liabilities:    
Accrued liabilities 305,000 402,591
Revenue distributions payable 361,255 315,932
Derivative instruments   31,792
Short-term lease liabilities 509,402 493,894
Deferred revenue, VPP 23,946 25,264
Other current liabilities 20,902 3,175
Total current liabilities 1,386,040 1,445,927
Long-term liabilities:    
Long-term debt 1,307,220 1,489,230
Deferred income tax liability, net 839,097 693,341
Derivative instruments 24,820 17,233
Long-term lease liabilities 1,753,627 2,050,337
Deferred revenue, VPP 17,870 35,448
Other liabilities 65,776 62,001
Total liabilities 5,394,450 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 308,385 shares issued and outstanding as of December 31, 2024 and September 30, 2025, respectively 3,083 3,111
Additional paid-in capital 5,854,090 5,909,373
Retained earnings 1,488,643 1,109,166
Total stockholders' equity 7,345,816 7,021,650
Noncontrolling interests 171,791 194,883
Total equity 7,517,607 7,216,533
Total liabilities and equity 12,912,057 13,010,050
Affiliated Entity    
Current liabilities:    
Accounts payable 104,448 111,066
Nonrelated Party    
Current liabilities:    
Accounts payable $ 61,087 $ 62,213

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