CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 |
Jun. 30, 2022 |
Jun. 30, 2023 |
Jun. 30, 2022 |
|
| Operating revenues | ||||
| Oil and gas sales | $ 623,398 | $ 472,654 | $ 1,239,666 | $ 819,931 |
| Operating expenses | ||||
| Lease operating expenses | 82,991 | 28,900 | 157,523 | 57,634 |
| Severance and ad valorem taxes | 48,927 | 34,695 | 97,436 | 59,746 |
| Gathering, processing and transportation expenses | 21,753 | 25,756 | 37,235 | 47,647 |
| Depreciation, depletion and amortization | 215,726 | 82,117 | 403,945 | 153,126 |
| General and administrative expenses | 52,736 | 9,947 | 88,210 | 40,550 |
| Merger and integration expense | 4,350 | 5,685 | 17,649 | 5,685 |
| Impairment and abandonment expense | 244 | 506 | 489 | 3,133 |
| Exploration and other expenses | 5,263 | 1,954 | 9,637 | 4,261 |
| Total operating expenses | 431,990 | 189,560 | 812,124 | 371,782 |
| Net gain (loss) on sale of long-lived assets | 0 | (1,406) | 66 | (1,324) |
| Income (loss) from operations | 191,408 | 281,688 | 427,608 | 446,825 |
| Other income (expense) | ||||
| Interest expense | (36,826) | (14,326) | (73,603) | (27,480) |
| Net gain (loss) on derivative instruments | 20,601 | (34,134) | 75,113 | (163,657) |
| Other income (expense) | 319 | 85 | 439 | 203 |
| Total other income (expense) | (15,906) | (48,375) | 1,949 | (190,934) |
| Income (loss) before income taxes | 175,502 | 233,313 | 429,557 | 255,891 |
| Income tax (expense) benefit | (26,548) | (41,487) | (60,802) | (48,263) |
| Net income (loss) | 148,954 | 191,826 | 368,755 | 207,628 |
| Less: Net (income) loss attributable to noncontrolling interest | (75,555) | 0 | (193,236) | 0 |
| Net income (loss) attributable to Class A Common Stock | $ 73,399 | $ 191,826 | $ 175,519 | $ 207,628 |
| Income (loss) per share of Class A Common Stock: | ||||
| Basic (USD per share) | $ 0.23 | $ 0.67 | $ 0.57 | $ 0.73 |
| Diluted (USD per share) | $ 0.21 | $ 0.60 | $ 0.52 | $ 0.66 |