v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (in thousands, except per share data) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating revenues and other income:    
Oil, gas, and NGL production revenue $ 1,477 $ 840
Other operating income 2 5
Total operating revenues and other income 1,479 845
Operating expenses:    
Oil, gas, and NGL production expense 428 225
Depletion, depreciation, and amortization 432 270
Exploration 26 12
General and administrative 174 39
Net derivative loss 697 17
Other operating expense 20 5
Total operating expenses 1,777 568
Income (loss) from operations (298) 276
Interest expense (113) (44)
Other non-operating income, net 1 0
Income (loss) before income taxes (410) 232
Income tax (expense) benefit 75 (50)
Net income (loss) $ (335) $ 182
Basic weighted-average common shares outstanding 199 115
Diluted weighted-average common shares outstanding 199 115
Basic net income (loss) per common share $ (1.68) $ 1.59
Diluted net income (loss) per common share $ (1.68) $ 1.59

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