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CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income $ 770,293 $ 817,880 $ 1,111,952
Adjustments to reconcile net income to net cash provided by operating activities:      
Depletion, depreciation, and amortization 809,305 690,481 603,780
Stock-based compensation expense 25,021 20,250 18,772
Net derivative (gain) loss (49,958) (68,154) 374,012
Net derivative settlement gain (loss) 68,716 26,921 (710,700)
Amortization of debt discount and deferred financing costs 7,456 5,486 10,281
Loss on extinguishment of debt 483 0 67,605
Deferred income taxes 174,986 88,256 269,057
Other, net (34,996) (2,175) 13,710
Changes in working capital:      
Accounts receivable (85,528) (10,191) 38,554
Prepaid expenses and other (12,535) (2,437) (1,055)
Accounts payable and accrued expenses 109,271 8,077 (109,562)
Net cash provided by operating activities 1,782,514 1,574,394 1,686,406
Cash flows from investing activities:      
Capital expenditures (1,310,630) (989,411) (879,934)
Acquisition of proved and unproved oil and gas properties (2,103,677) (109,931) (7)
Other, net 7,136 657 (322)
Net cash used in investing activities (3,407,171) (1,098,685) (880,263)
Cash flows from financing activities:      
Proceeds from revolving credit facility 1,018,500 0 0
Repayment of revolving credit facility (950,000) 0 0
Debt issuance costs related to revolving credit facility 12,976 0 9,981
Net proceeds from Senior Notes 1,476,799 0 0
Cash paid to repurchase Senior Notes 349,118 0 584,946
Repurchase of common stock (86,056) (228,105) (57,207)
Dividends paid (85,020) (71,614) (19,637)
Net proceeds from sale of common stock 3,201 3,058 3,039
Net share settlement from issuance of stock awards (6,837) (7,882) (25,129)
Net cash provided by (used in) financing activities 1,008,493 (304,543) (693,861)
Net change in cash, cash equivalents, and restricted cash (616,164) 171,166 112,282
Cash, cash equivalents, and restricted cash at beginning of period 616,164 444,998 332,716
Cash, cash equivalents, and restricted cash at end of period 0 616,164 444,998
Supplemental Cash Flow Information - Operating Activities [Abstract]      
Cash paid for interest, net of capitalized interest (1) (88,389) [1] (86,947) (134,240)
Net cash paid for income taxes (26,904) (8,975) (10,576)
Debt Related Commitment Fees and Debt Issuance Costs 9,000    
Supplemental Cash Flow Information - Investing Activities [Abstract]      
Changes in capital expenditure accruals (24,342) $ 80,794 29,789
Supplemental Cash Flow Information - Non-cash Financing Activities [Abstract]      
Non-cash financing activities (2) [2]  
[1] Cash paid for interest, net of capitalized interest during the year ended December 31, 2024, does not include $9.0 million in fees paid to secure firm commitments for senior unsecured bridge term loans in connection with the Uinta Basin Acquisition, as defined in Note 17 – Acquisitions.
[2] Refer to Note 5 – Long-Term Debt for discussion of the debt transactions completed during the years ended December 31, 2024, and 2022.

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