v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (in thousands, except share data) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 101,877 $ 0
Accounts receivable 364,296 360,976
Derivative assets 78,504 48,522
Prepaid expenses and other 30,413 25,201
Total current assets 575,090 434,699
Property and equipment (successful efforts method):    
Proved oil and gas properties 15,378,464 14,301,502
Accumulated depletion, depreciation, and amortization (8,157,601) (7,603,195)
Unproved oil and gas properties, net of valuation allowance of $26,680 and $32,680, respectively 589,842 764,924
Wells in progress 395,532 481,893
Other property and equipment, net of accumulated depreciation of $63,685 and $61,737, respectively 54,531 47,585
Total property and equipment, net 8,260,768 7,992,709
Noncurrent assets:    
Derivative assets 4,871 3,973
Other noncurrent assets 152,506 145,266
Total noncurrent assets 157,377 149,239
Total assets 8,993,235 8,576,647
Current liabilities:    
Accounts payable and accrued expenses 794,002 760,473
Derivative liabilities 19,003 7,058
Other current liabilities 24,942 22,419
Total current liabilities 837,947 789,950
Noncurrent liabilities:    
Revolving credit facility 0 68,500
Senior Notes, net 2,711,148 2,708,243
Asset retirement obligations 150,095 145,313
Net deferred tax liabilities 589,756 545,295
Derivative liabilities 12,480 7,142
Other noncurrent liabilities 101,711 74,947
Total noncurrent liabilities 3,565,190 3,549,440
Commitments and contingencies (note 6)
Stockholders’ equity:    
Common stock, $0.01 par value - authorized: 200,000,000 shares; issued and outstanding: 114,634,725 and 114,461,934 shares, respectively 1,146 1,145
Additional paid-in capital 1,516,542 1,501,779
Retained earnings 3,073,545 2,735,494
Accumulated other comprehensive loss (1,135) (1,161)
Total stockholders’ equity 4,590,098 4,237,257
Total liabilities and stockholders’ equity $ 8,993,235 $ 8,576,647

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