v3.23.3
CONDENSED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues        
Revenue from Contract with Customer, Product and Service [Extensible Enumeration] Oil and Gas Sales, Other Revenues Oil and Gas Sales, Other Revenues Oil and Gas Sales, Other Revenues Oil and Gas Sales, Other Revenues
Gain (Loss) on Commodity Derivatives, Net $ (199,548) $ 257,590 $ 11,878 $ (339,995)
Total Revenues 313,973 791,640 1,372,742 1,200,156
Operating Expenses        
Production Expenses 82,506 68,478 244,944 187,659
Production Taxes 42,158 42,273 114,215 120,729
General and Administrative Expenses 11,846 10,278 37,248 32,155
Depletion, Depreciation, Amortization and Accretion 133,791 65,975 334,836 173,956
Other Expenses 1,234 0 3,681 0
Total Operating Expenses 271,535 187,004 734,924 514,499
Income From Operations 42,438 604,637 637,818 685,658
Other Income (Expense)        
Interest Expense, Net of Capitalization (37,040) (20,135) (99,151) (56,523)
Gain (Loss) on Unsettled Interest Rate Derivatives, Net 0 (42) (1,017) 1,772
Gain on Extinguishment of Debt, Net 0 339 659 574
Contingent Consideration Gain 0 0 10,107 0
Other Income (Expense) 21 (1) 4,712 (184)
Total Other Income (Expense) (37,019) (19,839) (84,690) (54,361)
Income Before Income Taxes 5,419 584,798 553,128 631,296
Income Tax Expense (Benefit) (20,691) 1,333 19,012 3,128
Net Income 26,111 583,465 534,116 628,169
Cumulative Preferred Stock Dividend 0 (2,610) 0 (8,437)
Premium on Repurchase of Preferred Stock 0 0 0 (25,320)
Net Income Attributable to Common Stockholders $ 26,111 $ 580,855 $ 534,116 $ 594,412
Net Income (Loss) Per Common Share - Basic (in dollars per share) $ 0.28 $ 7.39 $ 6.01 $ 7.66
Net Income (Loss) Per Common Share - Diluted (in dollars per share) $ 0.28 $ 6.77 $ 5.97 $ 6.92
Weighted Average Common Shares Outstanding – Basic (in shares) 92,768,035 78,589,661 88,857,016 77,632,410
Weighted Average Common Shares Outstanding - Diluted (in shares) 93,742,407 86,141,293 89,449,731 87,056,158
Oil and Gas Sales        
Revenues        
Oil and Gas Sales $ 511,651 $ 534,050 $ 1,354,376 $ 1,540,151
Other Revenues        
Revenues        
Oil and Gas Sales $ 1,870 $ 0 $ 6,488 $ 0

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