v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Accounts receivable $ 31,650 $ 34,413
Accrued revenue 367,895 453,613
Derivative instruments 1,137 1,050
Prepaid expenses 9,591 12,423
Other current assets 17,261 6,047
Total current assets 427,534 507,546
Oil and gas properties, at cost (successful efforts method):    
Unproved properties 883,170 879,483
Proved properties 14,540,908 14,395,680
Gathering systems and facilities 5,802 5,802
Other property and equipment 109,318 105,871
Property and equipment, gross 15,539,198 15,386,836
Less accumulated depletion, depreciation and amortization (5,883,318) (5,699,286)
Property and equipment, net 9,655,880 9,687,550
Operating leases right-of-use assets 2,397,054 2,549,398
Derivative instruments 947 1,296
Investment in unconsolidated affiliate 249,163 231,048
Other assets 35,495 33,212
Total assets 12,766,073 13,010,050
Current liabilities:    
Accrued liabilities 312,832 402,591
Revenue distributions payable 364,053 315,932
Derivative instruments 34,019 31,792
Short-term lease liabilities 514,292 493,894
Deferred revenue, VPP 24,390 25,264
Other current liabilities 7,949 3,175
Total current liabilities 1,404,729 1,445,927
Long-term liabilities:    
Long-term debt 1,098,669 1,489,230
Deferred income tax liability, net 795,816 693,341
Derivative instruments 15,635 17,233
Long-term lease liabilities 1,878,718 2,050,337
Deferred revenue, VPP 23,794 35,448
Other liabilities 64,205 62,001
Total liabilities 5,281,566 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 309,869 shares issued and outstanding as of December 31, 2024 and June 30, 2025, respectively 3,098 3,111
Additional paid-in capital 5,867,226 5,909,373
Retained earnings 1,435,298 1,109,166
Total stockholders' equity 7,305,622 7,021,650
Noncontrolling interests 178,885 194,883
Total equity 7,484,507 7,216,533
Total liabilities and equity 12,766,073 13,010,050
Affiliated Entity    
Current liabilities:    
Accounts payable 107,293 111,066
Nonrelated Party    
Current liabilities:    
Accounts payable $ 39,901 $ 62,213

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