CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands |
3 Months Ended |
9 Months Ended |
Sep. 30, 2022 |
Sep. 30, 2021 |
Sep. 30, 2022 |
Sep. 30, 2021 |
| Operating revenues |
|
|
|
|
| Oil and gas sales |
$ 549,778
|
$ 288,505
|
$ 1,369,709
|
$ 713,473
|
| Operating expenses |
|
|
|
|
| Lease operating expenses |
40,944
|
28,685
|
98,578
|
77,522
|
| Severance and ad valorem taxes |
41,745
|
17,800
|
101,491
|
46,167
|
| Gathering, processing and transportation expenses |
30,022
|
24,164
|
77,669
|
64,283
|
| Depreciation, depletion and amortization |
109,500
|
76,047
|
262,626
|
213,259
|
| General and administrative expenses |
43,387
|
35,748
|
83,937
|
89,811
|
| Merger and integration expense |
59,270
|
0
|
64,955
|
0
|
| Impairment and abandonment expense |
498
|
7,712
|
3,631
|
26,111
|
| Exploration and other expenses |
2,352
|
1,839
|
6,613
|
4,698
|
| Total operating expenses |
327,718
|
191,995
|
699,500
|
521,851
|
| Net gain (loss) on sale of long-lived assets |
(3)
|
(290)
|
(1,327)
|
(254)
|
| Proceeds from terminated sale of assets |
0
|
0
|
0
|
5,983
|
| Income (loss) from operations |
222,057
|
96,220
|
668,882
|
197,351
|
| Other income (expense) |
|
|
|
|
| Interest expense |
(28,807)
|
(14,690)
|
(56,287)
|
(47,357)
|
| Gain (loss) on extinguishment of debt |
0
|
0
|
0
|
(22,156)
|
| Net gain (loss) on derivative instruments |
181,308
|
(44,527)
|
17,651
|
(150,685)
|
| Other income (expense) |
115
|
121
|
318
|
271
|
| Total other income (expense) |
152,616
|
(59,096)
|
(38,318)
|
(219,927)
|
| Income (loss) before income taxes |
374,673
|
37,124
|
630,564
|
(22,576)
|
| Income tax (expense) benefit |
(31,169)
|
0
|
(79,432)
|
0
|
| Net income (loss) |
343,504
|
37,124
|
551,132
|
(22,576)
|
| Less: Net (income) loss attributable to noncontrolling interest |
(119,145)
|
0
|
(119,145)
|
0
|
| Net income (loss) attributable to Class A Common Stock |
$ 224,359
|
$ 37,124
|
$ 431,987
|
$ (22,576)
|
| Income (loss) per share of Class A Common Stock: |
|
|
|
|
| Basic (USD per share) |
$ 0.78
|
$ 0.13
|
$ 1.51
|
$ (0.08)
|
| Diluted (USD per share) |
$ 0.70
|
$ 0.12
|
$ 1.36
|
$ (0.08)
|