| Schedule of Segment Reporting |
The following tables present selected financial information with respect to the Company's one operating segment (in thousands):
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Three Months Ended June 30, 2026 |
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Three Months Ended June 30, 2025 |
| Total revenues |
$ |
323,228 |
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$ |
447,616 |
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| Significant segment expenses |
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| Lease operating expenses |
19,831 |
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|
17,628 |
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| Taxes other than income |
7,374 |
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|
7,556 |
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| Transportation, gathering, processing and compression |
84,626 |
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|
86,508 |
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| Depreciation, depletion and amortization |
73,053 |
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|
73,643 |
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| General and administrative |
10,661 |
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|
10,926 |
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| Interest expense |
15,792 |
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|
13,731 |
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Other segment expenses(1)
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773 |
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|
1,488 |
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| Income tax expense |
24,016 |
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|
51,670 |
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| Total significant segment expenses |
236,126 |
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|
263,150 |
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| Net income |
$ |
87,102 |
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$ |
184,466 |
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Capital expenditures(2)
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$ |
198,514 |
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$ |
139,543 |
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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, 2026 |
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Six Months Ended June 30, 2025 |
| Total revenues |
$ |
760,760 |
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$ |
644,650 |
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| Significant segment expenses |
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| Lease operating expenses |
44,287 |
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|
37,911 |
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| Taxes other than income |
16,558 |
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|
14,182 |
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| Transportation, gathering, processing and compression |
175,193 |
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|
169,378 |
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| Depreciation, depletion and amortization |
148,483 |
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|
139,265 |
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| General and administrative |
20,369 |
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|
19,927 |
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| Interest expense |
31,178 |
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|
27,087 |
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Other segment expenses(1)
|
3,069 |
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|
1,404 |
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| Income tax expense |
68,699 |
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|
51,494 |
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| Total significant segment expenses |
507,836 |
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|
460,648 |
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| Net income |
$ |
252,924 |
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$ |
184,002 |
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Capital expenditures(2)
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$ |
367,433 |
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$ |
309,568 |
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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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