| Schedule of Segment Reporting |
The following tables present selected financial information with respect to the Company's one operating segment for the three and nine months ended September 30, 2025 and 2024 (in thousands):
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Three Months Ended September 30, 2025 |
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Three Months Ended September 30, 2024 |
| Total revenues |
$ |
379,745 |
|
|
$ |
253,912 |
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| Significant segment expenses |
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| Lease operating expenses |
20,793 |
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|
18,218 |
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| Taxes other than income |
7,925 |
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|
6,833 |
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| Transportation, gathering, processing and compression |
96,390 |
|
|
89,900 |
|
| Depreciation, depletion, and amortization |
83,216 |
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|
82,825 |
|
| Impairment of oil and natural gas properties |
— |
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|
30,487 |
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| General and administrative |
11,835 |
|
|
10,479 |
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| Interest expense |
13,590 |
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|
15,866 |
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| Loss on debt extinguishment |
— |
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|
13,388 |
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Other segment expenses(1)
|
3,193 |
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|
3,716 |
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| Income tax expense (benefit) |
31,410 |
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|
(3,833) |
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| Total significant segment expenses |
268,352 |
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|
267,879 |
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| Net income (loss) |
$ |
111,393 |
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|
$ |
(13,967) |
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Capital expenditures(2)
|
$ |
106,072 |
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|
$ |
110,756 |
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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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Nine Months Ended September 30, 2025 |
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Nine Months Ended September 30, 2024 |
| Total revenues |
$ |
1,024,395 |
|
|
$ |
718,258 |
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| Significant segment expenses |
|
|
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| Lease operating expenses |
58,704 |
|
|
50,843 |
|
| Taxes other than income |
22,107 |
|
|
22,111 |
|
| Transportation, gathering, processing and compression |
265,768 |
|
|
263,048 |
|
| Depreciation, depletion, and amortization |
222,481 |
|
|
241,401 |
|
| Impairment of oil and natural gas properties |
— |
|
|
30,487 |
|
| General and administrative |
31,762 |
|
|
30,429 |
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| Interest expense |
40,677 |
|
|
46,027 |
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| Loss on debt extinguishment |
— |
|
|
13,388 |
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Other segment expenses(1)
|
4,597 |
|
|
5,235 |
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| Income tax expense |
82,904 |
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|
3,433 |
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| Total significant segment expenses |
729,000 |
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|
706,402 |
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| Net income |
$ |
295,395 |
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|
$ |
11,856 |
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Capital expenditures(2)
|
$ |
415,639 |
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|
$ |
393,563 |
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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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