| Schedule of Segment Reporting |
The following tables present selected financial information with respect to the Company's one operating segment for the three and six months ended June 30, 2025 and 2024 (in thousands):
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Three Months Ended June 30, 2025 |
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Three Months Ended June 30, 2024 |
| Total revenues |
$ |
447,616 |
|
|
$ |
181,117 |
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| Significant segment expenses |
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| Lease operating expenses |
17,628 |
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|
15,817 |
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| Taxes other than income |
7,556 |
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|
7,018 |
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| Transportation, gathering, processing and compression |
86,508 |
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|
86,529 |
|
| Depreciation, depletion, and amortization |
73,643 |
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|
78,553 |
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| General and administrative |
10,926 |
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|
10,752 |
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| Interest expense |
13,731 |
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|
15,158 |
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Other segment expenses(1)
|
1,488 |
|
|
1,089 |
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| Income tax expense (benefit) |
51,670 |
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|
(7,587) |
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| Total significant segment expenses |
263,150 |
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|
207,329 |
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| Net income (loss) |
$ |
184,466 |
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|
$ |
(26,212) |
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Capital expenditures(2)
|
$ |
139,543 |
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|
$ |
149,733 |
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_____________________
(1) Other segment expenses include “Accretion expense” and “Other, net” from the consolidated statements of operations.
(2) Capital expenditures include capitalized general and administrative costs and capitalized interest expense.
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Six Months Ended June 30, 2025 |
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Six Months Ended June 30, 2024 |
| Total revenues |
$ |
644,650 |
|
|
$ |
464,346 |
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| Significant segment expenses |
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|
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| Lease operating expenses |
37,911 |
|
|
32,625 |
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| Taxes other than income |
14,182 |
|
|
15,278 |
|
| Transportation, gathering, processing and compression |
169,378 |
|
|
173,148 |
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| Depreciation, depletion, and amortization |
139,265 |
|
|
158,576 |
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| General and administrative |
19,927 |
|
|
19,950 |
|
| Interest expense |
27,087 |
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|
30,161 |
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Other segment expenses(1)
|
1,404 |
|
|
1,519 |
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| Income tax expense |
51,494 |
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|
7,266 |
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| Total significant segment expenses |
460,648 |
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|
438,523 |
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| Net income |
$ |
184,002 |
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|
$ |
25,823 |
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Capital expenditures(2)
|
$ |
309,568 |
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|
$ |
282,808 |
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_____________________
(1) Other segment expenses include “Accretion expense” and “Other, net” from the consolidated statements of operations.
(2) Capital expenditures include capitalized general and administrative costs and capitalized interest expense.
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