v3.25.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows provided by (used in) operating activities:    
Net income (loss) including noncontrolling interests $ 471,649 $ (65,116)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depletion, depreciation, amortization and accretion 565,546 570,928
Impairment of property and equipment 24,143 18,958
Commodity derivative fair value gains (20,981) (22,229)
Gains (losses) on settled commodity derivatives (18,940) 11,530
Deferred income tax expense (benefit) 145,757 (14,221)
Equity-based compensation expense 46,501 49,293
Equity in earnings of unconsolidated affiliate (88,279) (69,862)
Dividends of earnings from unconsolidated affiliate 93,941 93,883
Amortization of deferred revenue (18,896) (20,289)
Amortization of debt issuance costs and other 913 1,900
Settlement of asset retirement obligations (71) (3,171)
Contract termination, loss contingency and settlements 11,429 5,143
Loss (gain) on sale of assets 142 (1,127)
Loss on early extinguishment of debt 3,628 528
Changes in current assets and liabilities:    
Accounts receivable (2,735) 16,463
Accrued revenue 96,738 81,628
Prepaid expenses and other current assets 2,122 8,486
Accounts payable including related parties (2,679) 4,277
Accrued liabilities (94,535) (63,395)
Revenue distributions payable 45,323 (33,429)
Other current liabilities (529) 1,108
Net cash provided by operating activities 1,260,187 571,286
Cash flows provided by (used in) investing activities:    
Additions to unproved properties (89,954) (69,033)
Drilling and completion costs (523,302) (509,303)
Additions to other property and equipment (3,957) (10,128)
Acquisitions of oil and gas properties (241,162)  
Proceeds from asset sales 15,956 7,484
Change in other assets (11,770) (7,271)
Net cash used in investing activities (854,189) (588,251)
Cash flows provided by (used in) financing activities:    
Repurchases of common stock (136,321)  
Repayment of senior notes (141,733)  
Borrowings on Credit Facility 3,641,800 3,331,800
Repayments on Credit Facility (3,686,800) (3,222,300)
Payment of debt issuance costs (1,078) (6,064)
Distributions to noncontrolling interests in Martica Holdings LLC (54,006) (58,635)
Employee tax withholding for settlement of equity-based compensation awards (26,749) (27,024)
Other (1,111) (812)
Net cash provided by (used in) financing activities (405,998) 16,965
Net increase in cash and cash equivalents 0 0
Cash and cash equivalents, beginning of period 0 0
Cash and cash equivalents, end of period 0 0
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 80,909 109,444
Decrease in accounts payable, accrued liabilities and other current liabilities for additions to property and equipment (17,248) $ (4,574)
Increase in other current liabilities for acquisitions of oil and gas properties $ 15,951  

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