v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income $ 184,002 $ 25,823
Adjustments to reconcile net income to net cash provided by operating activities:    
Depletion, depreciation and amortization 139,265 158,576
Net loss (gain) on derivative instruments 10,447 (36,522)
Net cash receipts on settled derivative instruments 9,550 156,065
Deferred income tax expense 51,389 7,266
Stock-based compensation expense 6,303 5,746
Other, net 3,850 3,024
Changes in operating assets and liabilities, net 3,877 (8,491)
Net cash provided by operating activities 408,683 311,487
Cash flows from investing activities:    
Additions to oil and natural gas properties (253,000) (244,851)
Other, net (965) (1,647)
Net cash used in investing activities (253,965) (246,498)
Cash flows from financing activities:    
Early retirement of 2026 Senior Notes (25,702) 0
Debt issuance costs and loan commitment fees 0 (106)
Dividends on preferred stock (1,666) (2,200)
Net cash payments on performance vesting restricted stock units (12,297) 0
Shares exchanged for tax withholdings (5,228) (21,584)
Proceeds from (Payment for) Other Financing Activity (4) 0
Net cash used in financing activities (152,397) (65,685)
Net change in cash and cash equivalents 2,321 (696)
Cash and cash equivalents at beginning of period 1,473 1,929
Cash and cash equivalents at end of period 3,794 1,233
Nonrelated Party    
Cash flows from financing activities:    
Repurchase of common stock under Repurchase Program (109,500) (38,793)
Related Party    
Cash flows from financing activities:    
Repurchase of common stock under Repurchase Program (15,000) (15,002)
Credit Facility due 2028    
Cash flows from financing activities:    
Principal payments on Credit Facility (414,000) (511,000)
Borrowings on Credit Facility $ 431,000 $ 523,000

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