Quarterly report [Sections 13 or 15(d)]

SEGMENT INFORMATION (Tables)

v3.26.1
SEGMENT INFORMATION (Tables)
3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting
The following table presents selected financial information with respect to the Company's one operating segment (in thousands):
Three Months Ended March 31, 2026 Three Months Ended March 31, 2025
Total revenues $ 437,532  $ 197,034 
Significant segment expenses
Lease operating expenses 24,456  20,283 
Taxes other than income 9,184  6,626 
Transportation, gathering, processing and compression 90,567  82,870 
Depreciation, depletion, and amortization 75,430  65,622 
General and administrative 9,708  9,001 
Interest expense 15,386  13,356 
Other segment expenses(1)
2,296  (84)
Income tax expense (benefit) 44,683  (176)
Total significant segment expenses 271,710  197,498 
Net income (loss) $ 165,822  $ (464)
Capital expenditures(2)
$ 168,919  $ 170,025 
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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.