v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows provided by (used in) operating activities:    
Net income (loss) including noncontrolling interests $ 386,039 $ (39,926)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depletion, depreciation, amortization and accretion 375,822 380,664
Impairments 11,915 5,503
Commodity derivative fair value losses (gains) 18,262 (3,861)
Gains (losses) on settled commodity derivatives (17,371) 7,262
Deferred income tax expense (benefit) 102,475 (11,202)
Equity-based compensation expense 31,000 33,228
Equity in earnings of unconsolidated affiliate (59,224) (44,228)
Dividends of earnings from unconsolidated affiliate 62,628 62,569
Amortization of deferred revenue (12,528) (13,477)
Amortization of debt issuance costs and other 823 1,328
Settlement of asset retirement obligations (71) (1,680)
Contract termination, loss contingency and settlements 12,001 3,006
Loss (gain) on sale of assets (29) 170
Loss on early extinguishment of debt 3,628  
Changes in current assets and liabilities:    
Accounts receivable 2,763 19,067
Accrued revenue 85,718 38,354
Prepaid expenses and other current assets (8,382) 6,547
Accounts payable including related parties (15,139) 6,616
Accrued liabilities (85,528) (14,830)
Revenue distributions payable 48,121 (32,406)
Other current liabilities 7,174 2,405
Net cash provided by operating activities 950,097 405,109
Cash flows provided by (used in) investing activities:    
Additions to unproved properties (56,640) (43,571)
Drilling and completion costs (356,334) (362,228)
Additions to other property and equipment (1,580) (9,035)
Proceeds from asset sales 11,522 418
Change in other assets (2,348) 291
Net cash used in investing activities (405,380) (414,125)
Cash flows provided by (used in) financing activities:    
Repurchases of common stock (84,966)  
Repayment of senior notes (141,733)  
Borrowings on Credit Facility 2,291,800 1,950,000
Repayments on Credit Facility (2,545,000) (1,871,200)
Distributions to noncontrolling interests in Martica Holdings LLC (37,481) (42,899)
Employee tax withholding for settlement of equity-based compensation awards (26,618) (26,355)
Other (719) (530)
Net cash provided by (used in) financing activities (544,717) 9,016
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 48,043 63,512
Decrease in accounts payable and accrued liabilities for additions to property and equipment $ (29,581) $ (2,967)

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