v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (in thousands, except per share data) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating revenues and other income:    
Oil, gas, and NGL production revenue $ 839,620 $ 559,596
Other operating income 4,924 274
Total operating revenues and other income 844,544 559,870
Operating expenses:    
Oil, gas, and NGL production expense 225,073 137,375
Depletion, depreciation, and amortization 269,900 166,188
Exploration 11,763 18,581
General and administrative 39,339 30,178
Net derivative loss 17,216 28,145
Other operating expense, net 4,965 1,008
Total operating expenses 568,256 381,475
Income from operations 276,288 178,395
Interest expense (44,373) (21,873)
Interest income 113 6,770
Other non-operating expense (27) (24)
Income before income taxes 232,001 163,268
Income tax expense (49,732) (32,069)
Net income $ 182,269 $ 131,199
Basic weighted-average common shares outstanding 114,515 115,642
Diluted weighted-average common shares outstanding 114,948 116,456
Basic net income per common share $ 1.59 $ 1.13
Diluted net income per common share 1.59 1.13
Net dividends declared per common share $ 0.20 $ 0.18

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