v3.24.2.u1
Consolidated statements of operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Total revenues $ 476,371 $ 335,062 $ 958,710 $ 667,569
Costs and expenses:        
Lease operating expenses 113,742 57,718 219,470 107,899
Production and ad valorem taxes 27,079 21,607 57,693 42,138
General and administrative 23,573 18,482 52,929 44,412
Depletion, depreciation and amortization 174,298 103,340 340,405 190,119
Other operating expenses, net 2,593 1,351 3,611 2,835
Total costs and expenses 358,572 213,767 703,604 423,754
Gain on disposal of assets, net 36 154 166 391
Operating income $ 117,835 $ 121,449 $ 255,272 $ 244,206
Non-operating income (expense):        
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Total non-operating expense, net Total non-operating expense, net Total non-operating expense, net Total non-operating expense, net
Gain (loss) on derivatives, net $ 7,658 $ (18,044) $ (144,489) $ 2,446
Interest expense (40,690) (31,529) (84,111) (60,083)
Loss on extinguishment of debt, net (40,301) 0 (66,115) 0
Other income, net 2,609 1,104 4,674 1,958
Total non-operating expense, net (70,724) (48,469) (290,041) (55,679)
Income (loss) before income taxes 47,111 72,980 (34,769) 188,527
Income tax benefit (expense) (10,409) 221,831 5,340 220,224
Net income (loss) 36,702 294,811 (29,429) 408,751
Preferred stock dividends (303) 0 (652) 0
Net income (loss) available to common stockholders $ 36,399 $ 294,811 $ (30,081) $ 408,751
Net income (loss) per common share:        
Basic (in USD per share) $ 1.00 $ 16.35 $ (0.84) $ 23.71
Diluted (in USD per share) $ 0.98 $ 16.30 $ (0.84) $ 23.60
Weighted-average common shares outstanding:        
Basic (in shares) 36,381 18,031 35,973 17,236
Diluted (in shares) 37,605 18,085 35,973 17,319
Oil sales        
Revenues:        
Total revenues $ 441,667 $ 299,085 $ 857,451 $ 565,816
NGL sales        
Revenues:        
Total revenues 39,870 25,887 86,945 58,893
Natural gas sales        
Revenues:        
Total revenues (5,371) 8,952 12,874 27,026
Sales/Costs of purchased oil        
Revenues:        
Total revenues 0 338 0 14,189
Costs and expenses:        
Cost of goods and services sold 0 588 0 14,755
Other operating revenues        
Revenues:        
Total revenues 205 800 1,440 1,645
Oil transportation and marketing expenses        
Costs and expenses:        
Cost of goods and services sold 12,199 10,681 22,032 21,596
Gas gathering, processing and transportation expenses        
Costs and expenses:        
Cost of goods and services sold $ 5,088 $ 0 $ 7,464 $ 0