Permian Resources Corporation(NYSE:PR)

Permian Resources Corporation, an independent oil and natural gas company, focuses on the development of crude oil and related liquid-rich natural gas reserves in the United States. The company is headquartered in Midland, Texas.
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| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-10-11 | 2016-09-30 | 2016-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating revenues | ||||||||||||||||||||||||||||||||||||||||
oil and gas sales | 1,169,368,000 | 1,321,796,000 | 1,197,596,000 | 1,376,451,000 | 1,296,081,000 | 1,215,571,000 | 1,246,083,000 | 1,242,999,000 | 1,122,686,000 | 758,541,000 | 623,398,000 | 616,268,000 | 761,556,000 | 549,778,000 | 472,654,000 | 347,277,000 | 316,419,000 | 288,505,000 | 232,577,000 | 192,391,000 | 148,077,000 | 149,101,000 | 90,509,000 | 192,769,000 | 256,392,000 | 229,130,000 | 244,239,000 | 214,569,000 | 222,504,000 | 234,880,000 | 217,763,000 | 215,898,000 | ||||||||
operating expenses | ||||||||||||||||||||||||||||||||||||||||
lease operating expenses | 194,182,000 | 191,338,000 | 187,972,000 | 179,627,000 | 183,575,000 | 173,255,000 | 159,671,000 | 168,671,000 | 130,439,000 | 85,810,000 | 82,991,000 | 74,532,000 | 73,289,000 | 40,944,000 | 28,900,000 | 28,734,000 | 28,897,000 | 28,685,000 | 22,976,000 | 25,861,000 | 26,261,000 | 24,543,000 | 25,839,000 | 32,639,000 | 38,899,000 | 42,330,000 | 34,885,000 | 29,862,000 | 24,149,000 | 23,706,000 | 19,182,000 | 16,276,000 | 14,412,000 | 11,373,000 | 8,273,000 | 7,278,000 | ||||
severance and ad valorem taxes | 85,851,000 | 101,481,000 | 94,930,000 | 107,993,000 | 96,947,000 | 91,548,000 | 93,070,000 | 96,166,000 | 84,384,000 | 58,942,000 | 48,927,000 | 48,509,000 | 54,233,000 | 41,745,000 | 34,695,000 | 25,051,000 | 20,973,000 | 17,800,000 | 15,784,000 | 12,583,000 | 9,309,000 | 7,839,000 | 5,696,000 | 16,573,000 | 17,681,000 | 12,213,000 | 17,186,000 | 16,120,000 | 13,732,000 | 14,410,000 | 14,208,000 | 14,173,000 | 8,815,000 | 6,448,000 | 4,723,000 | 3,187,000 | ||||
gathering, processing and transportation expenses | 43,728,000 | 53,971,000 | 55,754,000 | 46,650,000 | 50,582,000 | 50,220,000 | 43,745,000 | 39,055,000 | 31,316,000 | 20,731,000 | 21,753,000 | 15,482,000 | 20,246,000 | 30,022,000 | 25,756,000 | 21,891,000 | 21,613,000 | 24,164,000 | 19,494,000 | 20,625,000 | 17,956,000 | 19,130,000 | 17,284,000 | 16,939,000 | 20,714,000 | 20,853,000 | 16,243,000 | 15,024,000 | 12,410,000 | 16,090,000 | 15,296,000 | 13,828,000 | 11,687,000 | 9,925,000 | 7,403,000 | |||||
depreciation, depletion and amortization | 524,979,000 | 526,915,000 | 506,410,000 | 474,203,000 | 486,463,000 | 453,603,000 | 426,428,000 | 410,179,000 | 367,427,000 | 236,204,000 | 215,726,000 | 188,219,000 | 182,052,000 | 109,500,000 | 82,117,000 | 71,009,000 | 75,863,000 | 76,047,000 | 73,429,000 | 63,783,000 | 74,832,000 | 89,444,000 | 93,020,000 | 101,258,000 | 122,851,000 | 112,720,000 | 112,114,000 | 96,558,000 | 102,083,000 | 83,423,000 | 74,946,000 | 66,010,000 | 58,781,000 | 42,387,000 | 34,300,000 | 26,160,000 | ||||
general and administrative expenses | 43,613,000 | 49,963,000 | 49,839,000 | 43,056,000 | 44,745,000 | 43,783,000 | 48,729,000 | 37,373,000 | 39,126,000 | 34,519,000 | 52,736,000 | 35,474,000 | 75,617,000 | 43,387,000 | 9,947,000 | 30,603,000 | 20,643,000 | 35,748,000 | 28,807,000 | 25,256,000 | 18,421,000 | 17,582,000 | 17,994,000 | 18,870,000 | 22,567,000 | 20,036,000 | 18,435,000 | 18,118,000 | 18,637,000 | 16,561,000 | 13,809,000 | 14,297,000 | 13,865,000 | 13,311,000 | 10,641,000 | 12,065,000 | 12,705,653 | 777,055 | 202,350 | |
merger and integration expense | 6,941,000 | 11,123,000 | 97,260,000 | 10,422,000 | 4,350,000 | 13,299,000 | 12,469,000 | 59,270,000 | 5,685,000 | |||||||||||||||||||||||||||||||
impairment and abandonment expense | 379,000 | 2,251,000 | 146,000 | 5,209,000 | 2,128,000 | 1,380,000 | 6,384,000 | 20,000 | 5,947,000 | 245,000 | 244,000 | 245,000 | 244,000 | 498,000 | 506,000 | 2,627,000 | 6,400,000 | 7,712,000 | 9,199,000 | 9,200,000 | 40,561,000 | 19,904,000 | 19,425,000 | 611,300,000 | 4,818,000 | 6,745,000 | 4,418,000 | 31,264,000 | ||||||||||||
exploration and other expenses | 6,799,000 | 4,933,000 | 5,060,000 | 15,250,000 | 6,363,000 | 6,962,000 | 5,978,000 | 11,488,000 | 4,669,000 | 5,031,000 | 5,263,000 | 4,374,000 | 4,765,000 | 2,352,000 | 1,954,000 | 2,307,000 | 3,185,000 | 1,839,000 | 1,764,000 | 1,095,000 | 7,625,000 | 2,670,000 | ||||||||||||||||||
total operating expenses | 899,531,000 | 930,852,000 | 900,111,000 | 871,988,000 | 870,803,000 | 820,751,000 | 790,946,000 | 774,075,000 | 760,568,000 | 451,904,000 | 431,990,000 | 380,134,000 | 422,915,000 | 327,718,000 | 189,560,000 | 182,222,000 | 177,574,000 | 191,995,000 | 171,453,000 | 158,403,000 | 194,965,000 | 181,112,000 | 183,309,000 | 801,588,000 | 229,674,000 | 217,766,000 | 207,142,000 | 209,462,000 | 173,693,000 | 165,514,000 | 141,092,000 | 128,031,000 | 117,841,000 | 85,066,000 | 67,810,000 | 53,905,000 | ||||
net gain on sale of long-lived assets | -66,000 | 329,000 | 112,000 | 82,000 | 63,000 | 66,000 | 13,000 | -3,000 | -1,406,000 | 82,000 | 34,422,000 | -290,000 | -8,000 | 44,000 | 10,000 | 145,000 | -2,000 | 245,000 | -842,000 | -22,000 | 9,000 | |||||||||||||||||||
income from operations | 269,837,000 | 390,944,000 | 297,485,000 | 504,463,000 | 425,212,000 | 395,149,000 | 455,137,000 | 469,036,000 | 362,200,000 | 306,700,000 | 191,408,000 | 236,200,000 | 338,654,000 | 222,057,000 | 281,688,000 | 165,137,000 | 173,267,000 | 96,220,000 | 67,099,000 | 34,032,000 | -46,878,000 | -31,866,000 | -92,802,000 | -608,574,000 | 25,876,000 | 11,342,000 | 37,106,000 | 5,107,000 | 48,811,000 | 69,366,000 | 76,671,000 | 87,867,000 | ||||||||
yoy | -36.54% | -1.06% | -34.64% | 7.55% | 17.40% | 28.84% | 137.78% | 98.58% | 6.95% | 38.12% | -32.05% | 43.03% | 95.45% | 130.78% | 319.81% | 385.24% | -469.61% | -401.95% | -172.30% | -105.59% | -281.16% | -380.96% | -350.10% | -12016.47% | -46.99% | -83.65% | -51.60% | -94.19% | ||||||||||||
qoq | -30.98% | 31.42% | -41.03% | 18.64% | 7.61% | -13.18% | -2.96% | 29.50% | 18.10% | 60.23% | -18.96% | -30.25% | 52.51% | -21.17% | 70.58% | -4.69% | 80.07% | 43.40% | 97.16% | -172.60% | 47.11% | -65.66% | -84.75% | -2451.89% | 128.14% | -69.43% | 626.57% | -89.54% | -29.63% | -9.53% | -12.74% | |||||||||
operating margin % | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | |
other income | 3,826,000 | 5,877,000 | 9,773,000 | 8,368,000 | 6,411,000 | 9,247,000 | -2,803,000 | 3,232,000 | 1,648,000 | 246,000 | 319,000 | 120,000 | 291,000 | 115,000 | 85,000 | 118,000 | 124,000 | 121,000 | 143,000 | 7,000 | 110,000 | 23,000 | 1,000 | -53,000 | 13,000 | 62,000 | 133,000 | 126,000 | 12,000 | 13,000 | -14,000 | -3,000 | 3,515,000 | |||||||
interest expense | -67,067,000 | -69,386,000 | -72,770,000 | -79,665,000 | -76,783,000 | -79,934,000 | -75,452,000 | -72,587,000 | -63,024,000 | -40,582,000 | -36,826,000 | -36,777,000 | -39,358,000 | -28,807,000 | -14,326,000 | -13,154,000 | -13,931,000 | -14,690,000 | -15,182,000 | -17,485,000 | -17,682,000 | -17,718,000 | -17,371,000 | -16,421,000 | -16,148,000 | -15,246,000 | -14,437,000 | -10,160,000 | -8,220,000 | -6,534,000 | -5,791,000 | -5,813,000 | -3,597,000 | -1,015,000 | -707,000 | -410,000 | ||||
loss on extinguishment of debt | -264,294,000 | |||||||||||||||||||||||||||||||||||||||
net gain on derivative instruments | 209,260,000 | 105,714,000 | 73,019,000 | 57,731,000 | -36,716,000 | 238,533,000 | 14,298,000 | -121,129,000 | 190,684,000 | -151,781,000 | 20,601,000 | 54,512,000 | -60,019,000 | 181,308,000 | -34,134,000 | -129,523,000 | 1,860,000 | -44,527,000 | -54,959,000 | -51,199,000 | -24,205,000 | -1,968,000 | -29,857,000 | -8,505,000 | 660,000 | 1,522,000 | 2,128,000 | -5,871,000 | 367,000 | -9,571,000 | 16,697,000 | 7,843,000 | -254,000 | -896,000 | 2,529,000 | 3,759,000 | ||||
total other income | 146,019,000 | -222,089,000 | 10,022,000 | -13,566,000 | -107,088,000 | 167,846,000 | -63,957,000 | -190,484,000 | 129,308,000 | -192,117,000 | -15,906,000 | 17,855,000 | -99,086,000 | 152,616,000 | -48,375,000 | -142,559,000 | -11,947,000 | -59,096,000 | -92,154,000 | -68,677,000 | -41,777,000 | -19,663,000 | 96,216,000 | -24,979,000 | -15,475,000 | -13,662,000 | -12,176,000 | -15,907,000 | ||||||||||||
income before income taxes | 415,856,000 | 168,855,000 | 307,507,000 | 490,897,000 | 318,124,000 | 562,995,000 | 391,180,000 | 278,552,000 | 491,508,000 | 114,583,000 | 175,502,000 | 254,055,000 | 239,568,000 | 374,673,000 | 233,313,000 | 22,578,000 | 161,320,000 | 37,124,000 | -25,055,000 | -34,645,000 | -88,655,000 | -51,529,000 | 3,414,000 | -633,553,000 | 10,401,000 | -2,320,000 | 24,930,000 | -10,800,000 | 41,519,000 | 53,326,000 | 87,422,000 | 89,909,000 | 46,018,000 | 24,493,000 | 32,267,000 | 10,707,000 | ||||
income tax expense | -33,965,000 | -87,394,000 | -62,486,000 | -100,334,000 | -62,645,000 | -106,468,000 | -82,272,000 | -48,957,000 | -739,000 | -1,393,000 | -5,928,000 | -12,682,250 | -11,652,000 | -19,940,000 | 19,137,000 | |||||||||||||||||||||||||
net income | 381,891,000 | 81,461,000 | 245,021,000 | 390,563,000 | 255,479,000 | 456,527,000 | 308,908,000 | 229,595,000 | 412,619,000 | 98,329,000 | 148,954,000 | 219,801,000 | 198,708,000 | 343,504,000 | 191,826,000 | 15,802,000 | 160,751,000 | 37,124,000 | -25,055,000 | -34,645,000 | -88,655,000 | -51,529,000 | 5,330,000 | -550,345,000 | 9,662,000 | -3,713,000 | 19,002,000 | -8,537,000 | 32,808,000 | 41,674,000 | 67,482,000 | 70,772,000 | 33,390,000 | 16,260,000 | 23,198,000 | 10,707,000 | ||||
yoy | 49.48% | -82.16% | -20.68% | 70.11% | -38.08% | 364.29% | 107.38% | 4.46% | 107.65% | -71.37% | -22.35% | 1290.97% | 23.61% | 825.29% | -865.62% | -145.61% | -281.32% | -172.04% | -570.08% | -93.70% | -1017.56% | 1287.80% | -71.95% | 6346.59% | -70.55% | -108.91% | -71.84% | -112.06% | -1.74% | 156.30% | 190.90% | 560.99% | ||||||||
qoq | 368.80% | -66.75% | -37.26% | 52.87% | -44.04% | 47.79% | 34.54% | -44.36% | 319.63% | -33.99% | -32.23% | 10.62% | -42.15% | 79.07% | 1113.93% | -90.17% | 333.01% | -248.17% | -27.68% | -60.92% | 72.05% | -1066.77% | -100.97% | -5795.97% | -360.22% | -119.54% | -322.58% | -126.02% | -21.27% | -38.24% | -4.65% | 111.96% | 105.35% | -29.91% | 116.66% | |||||
net income margin % | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | Infinity% | -Infinity% | Infinity% | -Infinity% | Infinity% | -Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | NaN% | NaN% | NaN% | |
less: net income attributable to noncontrolling interest | -42,386,000 | -22,227,000 | -37,884,000 | -61,265,000 | -38,829,000 | -70,151,000 | -73,808,000 | -83,020,000 | -1,188,000 | -128,000 | 1,125,000 | -425,000 | 1,828,000 | 2,386,000 | 3,941,000 | 4,682,000 | 2,854,000 | 1,813,000 | 2,436,000 | 884,000 | ||||||||||||||||||||
net income attributable to class a common stock | 339,505,000 | 59,234,000 | 207,137,000 | 329,298,000 | 216,650,000 | 386,376,000 | 235,100,000 | 146,575,000 | 255,354,000 | 45,433,000 | 73,399,000 | 102,120,000 | 83,050,000 | 224,359,000 | 160,751,000 | 37,124,000 | -25,055,000 | -34,645,000 | -88,655,000 | -51,529,000 | 5,330,000 | -547,983,000 | 9,618,000 | -3,585,000 | 17,877,000 | -8,112,000 | 42,229,750 | 39,288,000 | 63,541,000 | 66,090,000 | ||||||||||
income per share of class a common stock: | ||||||||||||||||||||||||||||||||||||||||
basic | 0.47 | 0.08 | 0.3 | 0.47 | 0.3 | 0.56 | 0.38 | 0.27 | 0.65 | 0.14 | 0.23 | 0.35 | 0.29 | 0.78 | 0.67 | 0.06 | 0.57 | 0.13 | -0.09 | -0.12 | -0.32 | -0.19 | 0.02 | -1.99 | 0.04 | -0.01 | 0.07 | -0.03 | 0.12 | 0.15 | 0.24 | 0.25 | 0.12 | 0.06 | 0.09 | 0.04 | ||||
diluted | 0.45 | 0.08 | 0.28 | 0.44 | 0.29 | 0.53 | 0.36 | 0.25 | 0.6 | 0.13 | 0.21 | 0.31 | 0.25 | 0.7 | 0.6 | 0.05 | 0.54 | 0.12 | -0.09 | -0.12 | -0.32 | -0.19 | 0.02 | -1.99 | 0.04 | -0.01 | 0.07 | -0.03 | 0.12 | 0.15 | 0.24 | 0.25 | 0.13 | 0.06 | 0.09 | 0.04 | ||||
income tax benefit | -19,264,000 | -16,254,000 | -26,548,000 | -34,254,000 | -40,860,000 | -31,169,000 | -41,487,000 | -6,776,000 | 1,916,000 | 83,208,000 | 2,263,000 | -12,628,000 | -8,233,000 | -9,069,000 | ||||||||||||||||||||||||||
less: net loss attributable to noncontrolling interest | -61,533,000 | -52,896,000 | -75,555,000 | -117,681,000 | -115,658,000 | -119,145,000 | 2,362,000 | |||||||||||||||||||||||||||||||||
proceeds from terminated sale of assets | 5,983,000 | |||||||||||||||||||||||||||||||||||||||
gain on extinguishment of debt | -22,156,000 | |||||||||||||||||||||||||||||||||||||||
income per share of common stock: | ||||||||||||||||||||||||||||||||||||||||
basic | 0.47 | 0.08 | 0.3 | 0.47 | 0.3 | 0.56 | 0.38 | 0.27 | 0.65 | 0.14 | 0.23 | 0.35 | 0.29 | 0.78 | 0.67 | 0.06 | 0.57 | 0.13 | -0.09 | -0.12 | -0.32 | -0.19 | 0.02 | -1.99 | 0.04 | -0.01 | 0.07 | -0.03 | 0.12 | 0.15 | 0.24 | 0.25 | 0.12 | 0.06 | 0.09 | 0.04 | ||||
diluted | 0.45 | 0.08 | 0.28 | 0.44 | 0.29 | 0.53 | 0.36 | 0.25 | 0.6 | 0.13 | 0.21 | 0.31 | 0.25 | 0.7 | 0.6 | 0.05 | 0.54 | 0.12 | -0.09 | -0.12 | -0.32 | -0.19 | 0.02 | -1.99 | 0.04 | -0.01 | 0.07 | -0.03 | 0.12 | 0.15 | 0.24 | 0.25 | 0.13 | 0.06 | 0.09 | 0.04 | ||||
gain on exchange of debt | 143,443,000 | |||||||||||||||||||||||||||||||||||||||
exploration expense | 4,051,000 | 4,009,000 | 2,144,000 | 2,869,000 | 3,861,000 | 2,516,000 | 1,942,000 | 2,712,000 | 1,867,000 | 3,447,000 | 10,281,000 | 1,622,000 | 2,470,000 | |||||||||||||||||||||||||||
gain on sale of oil and natural gas properties | -2,000 | 549,000 | 52,000 | -141,000 | 15,000 | 1,580,000 | -141,000 | 7,191,000 | 166,000 | |||||||||||||||||||||||||||||||
impairment and abandonment expenses | 2,599,000 | 8,612,000 | 1,784,000 | |||||||||||||||||||||||||||||||||||||
net revenues | ||||||||||||||||||||||||||||||||||||||||
oil sales | 132,229,000 | 87,286,000 | 70,735,000 | 46,681,000 | ||||||||||||||||||||||||||||||||||||
natural gas sales | 15,642,000 | 12,852,000 | 12,133,000 | 8,241,000 | ||||||||||||||||||||||||||||||||||||
ngl sales | 18,259,000 | 11,473,000 | 8,196,000 | 6,175,000 | ||||||||||||||||||||||||||||||||||||
total net revenues | 166,130,000 | 111,611,000 | 91,064,000 | 61,097,000 | ||||||||||||||||||||||||||||||||||||
total operating income | 48,289,000 | 26,545,000 | 23,254,000 | 7,192,000 | ||||||||||||||||||||||||||||||||||||
net income attributable to common shareholders | 30,536,000 | 14,447,000 | 20,762,000 | |||||||||||||||||||||||||||||||||||||
income per share: | ||||||||||||||||||||||||||||||||||||||||
basic | 0.47 | 0.08 | 0.3 | 0.47 | 0.3 | 0.56 | 0.38 | 0.27 | 0.65 | 0.14 | 0.23 | 0.35 | 0.29 | 0.78 | 0.67 | 0.06 | 0.57 | 0.13 | -0.09 | -0.12 | -0.32 | -0.19 | 0.02 | -1.99 | 0.04 | -0.01 | 0.07 | -0.03 | 0.12 | 0.15 | 0.24 | 0.25 | 0.12 | 0.06 | 0.09 | 0.04 | ||||
diluted | 0.45 | 0.08 | 0.28 | 0.44 | 0.29 | 0.53 | 0.36 | 0.25 | 0.6 | 0.13 | 0.21 | 0.31 | 0.25 | 0.7 | 0.6 | 0.05 | 0.54 | 0.12 | -0.09 | -0.12 | -0.32 | -0.19 | 0.02 | -1.99 | 0.04 | -0.01 | 0.07 | -0.03 | 0.12 | 0.15 | 0.24 | 0.25 | 0.13 | 0.06 | 0.09 | 0.04 | ||||
abandonment expense and impairment of unproved properties | -29,000 | |||||||||||||||||||||||||||||||||||||||
transportation, processing and gathering expenses | 5,244,000 | |||||||||||||||||||||||||||||||||||||||
net income attributable to centennial resource development, inc. | 9,823,000 | |||||||||||||||||||||||||||||||||||||||
revenue | ||||||||||||||||||||||||||||||||||||||||
yoy | ||||||||||||||||||||||||||||||||||||||||
qoq | NaN% | |||||||||||||||||||||||||||||||||||||||
other income — investment income on trust account | 137,448 | 252,978 | 234,232 | |||||||||||||||||||||||||||||||||||||
net loss attributable to common shares | -114,888.75 | -524,077 | ||||||||||||||||||||||||||||||||||||||
weighted-average number of shares outstanding: | ||||||||||||||||||||||||||||||||||||||||
basic and diluted | 14,674,632 | 14,622,789 | ||||||||||||||||||||||||||||||||||||||
net loss per common share - basic and diluted | -0.008 | -0.04 | ||||||||||||||||||||||||||||||||||||||
net income attributable to common shares | 31,882 | |||||||||||||||||||||||||||||||||||||||
net income per common share - basic and diluted |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||||||||||
current assets | |||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 153,690,000 | 111,805,000 | 451,002,000 | 702,236,000 | 479,343,000 | 272,026,000 | 47,849,000 | 12,692,000 | 73,290,000 | 211,703,000 | 18,280,000 | 25,593,000 | 59,545,000 | 45,514,000 | 201,092,000 | 50,624,000 | 9,380,000 | 4,985,000 | 4,702,000 | 10,936,000 | 5,800,000 | 5,177,000 | 7,214,000 | 3,841,000 | 10,223,000 | 10,933,000 | 28,444,000 | 89,482,000 | 18,157,000 | 58,922,000 | 42,720,000 | 38,224,000 | 117,315,000 | 2,581,000 | 54,874,000 | 134,083,000 | |||
accounts receivable | 840,653,000 | 571,778,000 | 513,121,000 | 528,593,000 | 530,452,000 | 439,338,000 | 498,142,000 | 557,243,000 | 481,060,000 | 339,495,000 | 309,624,000 | 301,581,000 | 282,846,000 | 238,090,000 | 141,598,000 | 131,837,000 | 71,295,000 | 99,851,000 | 89,586,000 | 70,571,000 | 54,557,000 | 51,352,000 | 64,095,000 | 62,892,000 | 101,912,000 | 141,312,000 | 121,546,000 | 114,119,000 | 100,623,000 | 88,817,000 | 101,553,000 | 108,431,000 | 78,786,000 | 50,207,000 | 34,809,000 | 23,322,000 | 14,734,000 | ||
derivative instruments | 279,725,000 | 204,988,000 | 151,203,000 | 102,229,000 | 85,509,000 | 130,170,000 | 526,000 | 5,000,000 | 70,591,000 | 2,662,000 | 87,737,000 | 108,293,000 | 100,797,000 | 146,476,000 | 83,541,000 | 117,689,000 | 31,740,000 | 8,777,000 | 174,000 | 936,000 | 1,632,000 | 3,871,000 | 22,727,000 | 7,148,000 | 433,000 | 383,000 | 1,516,000 | 869,000 | 431,000 | ||||||||||
prepaid and other current assets | 38,075,000 | 28,292,000 | 33,745,000 | 23,775,000 | 26,290,000 | 24,004,000 | 31,600,000 | 32,442,000 | 25,451,000 | 11,330,000 | 10,396,000 | 8,528,000 | 20,602,000 | 15,684,000 | 7,189,000 | 6,973,000 | 5,860,000 | 4,710,000 | 6,054,000 | 5,502,000 | 5,229,000 | 7,980,000 | 6,319,000 | 6,997,000 | 7,994,000 | 8,931,000 | 9,848,000 | 9,871,000 | 9,777,000 | 14,277,000 | 12,322,000 | 12,521,000 | 6,051,000 | 6,104,000 | 2,431,000 | 1,991,000 | 2,078,000 | ||
total current assets | 1,312,143,000 | 916,863,000 | 1,149,071,000 | 1,356,833,000 | 1,121,594,000 | 865,538,000 | 578,117,000 | 607,377,000 | 650,392,000 | 565,190,000 | 426,037,000 | 443,995,000 | 463,790,000 | 445,764,000 | 349,879,000 | 189,434,000 | 86,535,000 | 109,546,000 | 100,342,000 | 87,009,000 | 65,586,000 | 64,509,000 | 77,628,000 | 73,730,000 | 120,129,000 | 161,176,000 | 160,012,000 | 214,408,000 | 130,189,000 | 165,887,000 | 179,322,000 | 166,324,000 | 202,585,000 | 59,275,000 | 38,756,000 | 81,056,000 | 151,326,000 | 500,122 | 977,176 |
property and equipment | |||||||||||||||||||||||||||||||||||||||
oil and natural gas properties, successful efforts method | 605,853,000 | ||||||||||||||||||||||||||||||||||||||
unproved properties | 1,933,409,000 | 1,964,138,000 | 1,878,517,000 | 1,911,988,000 | 1,990,441,000 | 2,275,707,000 | 2,340,796,000 | 2,476,541,000 | 2,401,317,000 | 1,373,138,000 | 1,415,969,000 | 1,433,639,000 | 1,424,744,000 | 1,649,413,000 | 984,264,000 | 1,032,096,000 | 1,040,386,000 | 1,151,552,000 | 1,163,123,000 | 1,192,712,000 | 1,209,205,000 | 1,282,833,000 | 1,328,022,000 | 1,350,287,000 | 1,470,903,000 | 1,515,458,000 | 1,574,668,000 | 1,623,607,000 | 1,680,065,000 | 1,801,965,000 | 1,838,303,000 | 1,881,979,000 | 1,952,680,000 | 2,008,902,000 | 2,122,262,000 | 1,874,454,000 | |||
proved properties | 21,484,903,000 | 20,734,450,000 | 20,226,635,000 | 19,025,246,000 | 18,595,780,000 | 17,790,218,000 | 16,403,440,000 | 15,492,619,000 | 15,036,687,000 | 10,112,084,000 | 9,691,058,000 | 9,283,311,000 | 8,869,174,000 | 8,554,383,000 | 4,929,108,000 | 4,742,872,000 | 4,623,726,000 | 4,662,364,000 | 4,579,453,000 | 4,475,972,000 | 4,395,473,000 | 4,319,617,000 | 4,270,397,000 | 4,238,784,000 | 3,962,175,000 | 3,704,555,000 | 3,435,804,000 | 3,148,553,000 | 2,895,280,000 | 2,402,331,000 | 2,101,875,000 | 1,855,890,000 | 1,602,002,000 | 1,306,873,000 | 1,006,202,000 | 734,283,000 | |||
accumulated depreciation, depletion and amortization | -7,168,925,000 | -6,652,245,000 | -6,130,538,000 | -5,628,670,000 | -5,163,124,000 | -4,680,984,000 | -4,231,283,000 | -3,808,590,000 | -3,401,895,000 | -3,037,676,000 | -2,811,580,000 | -2,600,676,000 | -2,419,692,000 | -2,238,906,000 | -2,140,982,000 | -2,059,679,000 | -1,989,489,000 | -2,088,128,000 | -2,013,024,000 | -1,940,672,000 | -1,877,832,000 | -1,804,014,000 | -1,715,604,000 | -1,623,671,000 | -931,737,000 | -809,979,000 | -698,526,000 | -587,349,000 | -496,900,000 | -395,675,000 | -313,156,000 | -238,676,000 | -173,906,000 | -115,343,000 | -73,687,000 | -40,061,000 | -14,436,000 | ||
total oil and natural gas properties | 16,249,387,000 | 16,046,343,000 | 15,974,614,000 | 15,308,564,000 | 15,423,097,000 | 15,384,941,000 | 14,512,953,000 | 14,160,570,000 | 14,036,109,000 | 8,447,546,000 | 8,295,447,000 | 8,116,274,000 | 7,874,226,000 | 7,964,890,000 | 3,772,390,000 | 3,715,289,000 | 3,674,623,000 | 3,725,788,000 | 3,729,552,000 | 3,728,012,000 | 3,726,846,000 | 3,798,436,000 | 3,882,815,000 | 3,965,400,000 | 4,501,341,000 | 4,410,034,000 | 4,311,946,000 | 4,184,811,000 | 4,078,445,000 | 3,808,621,000 | 3,627,022,000 | 3,499,193,000 | 3,380,776,000 | 3,200,432,000 | 3,054,777,000 | 2,568,676,000 | |||
other property and equipment | 57,051,000 | 56,566,000 | 52,162,000 | 50,432,000 | 50,381,000 | 46,303,000 | 44,773,000 | 45,007,000 | 43,647,000 | 39,271,000 | 38,731,000 | 16,294,000 | 15,173,000 | 14,837,000 | 13,167,000 | 11,774,000 | 11,197,000 | 11,544,000 | 11,836,000 | 12,161,000 | 12,650,000 | 13,319,000 | 13,765,000 | 14,240,000 | 14,612,000 | 14,799,000 | 11,580,000 | 9,861,000 | 8,837,000 | 7,828,000 | 7,388,000 | 6,251,000 | 5,465,000 | 3,897,000 | 3,647,000 | 2,915,000 | |||
total property and equipment | 16,306,438,000 | 16,102,909,000 | 16,026,776,000 | 15,358,996,000 | 15,473,478,000 | 15,431,244,000 | 14,557,726,000 | 14,205,577,000 | 14,079,756,000 | 8,486,817,000 | 8,334,178,000 | 8,132,568,000 | 7,889,399,000 | 7,979,727,000 | 3,785,557,000 | 3,727,063,000 | 3,685,820,000 | 3,737,332,000 | 3,741,388,000 | 3,740,173,000 | 3,739,496,000 | 3,811,755,000 | 3,896,580,000 | 3,979,640,000 | 4,515,953,000 | 4,424,833,000 | 4,323,526,000 | 4,194,672,000 | 4,087,282,000 | 3,816,449,000 | 3,634,410,000 | 3,505,444,000 | 3,386,241,000 | 3,204,329,000 | 3,058,424,000 | 2,571,591,000 | 2,499,271,000 | ||
noncurrent assets | |||||||||||||||||||||||||||||||||||||||
operating lease right-of-use assets | 132,764,000 | 142,281,000 | 147,592,000 | 150,923,000 | 119,703,000 | 111,783,000 | 118,311,000 | 123,147,000 | 59,359,000 | 58,446,000 | 62,049,000 | 70,289,000 | 64,792,000 | 72,244,000 | 54,934,000 | 14,714,000 | 16,385,000 | 17,656,000 | 15,217,000 | 2,381,000 | 3,176,000 | 4,025,000 | 4,801,000 | 8,333,000 | 11,841,000 | 17,182,000 | 23,161,000 | 28,274,000 | |||||||||||
other noncurrent assets | 160,840,000 | 163,420,000 | 170,967,000 | 209,691,000 | 183,125,000 | 207,028,000 | 154,548,000 | 145,208,000 | 176,071,000 | 99,345,000 | 104,061,000 | 76,306,000 | 74,611,000 | 111,897,000 | 33,660,000 | 27,321,000 | 15,854,000 | 17,807,000 | 17,402,000 | 18,758,000 | 19,167,000 | 42,747,000 | 41,877,000 | 44,547,000 | 40,365,000 | 42,940,000 | 28,628,000 | 41,192,000 | 42,550,000 | 35,036,000 | 25,158,000 | 19,607,000 | 27,081,000 | 10,766,000 | 1,258,000 | 1,000,000 | 1,045,000 | ||
total assets | 17,912,185,000 | 17,325,473,000 | 17,494,406,000 | 17,076,443,000 | 16,897,900,000 | 16,615,593,000 | 15,408,702,000 | 15,081,309,000 | 14,965,578,000 | 9,209,798,000 | 8,926,325,000 | 8,723,158,000 | 8,492,592,000 | 8,609,632,000 | 4,224,030,000 | 3,958,532,000 | 3,804,594,000 | 3,882,341,000 | 3,874,349,000 | 3,848,321,000 | 3,827,425,000 | 3,923,036,000 | 4,020,886,000 | 4,106,250,000 | 4,688,288,000 | 4,646,131,000 | 4,535,327,000 | 4,478,546,000 | 4,260,021,000 | 4,017,372,000 | 3,838,890,000 | 3,692,563,000 | 3,616,569,000 | 3,274,612,000 | 3,098,569,000 | 2,653,756,000 | 2,651,642,000 | 501,049,924 | 501,274,000 |
liabilities and equity | |||||||||||||||||||||||||||||||||||||||
current liabilities | |||||||||||||||||||||||||||||||||||||||
accounts payable and accrued expenses | 1,453,610,000 | 1,211,441,000 | 1,397,708,000 | 1,151,049,000 | 1,198,418,000 | 1,160,446,000 | 1,052,155,000 | 977,114,000 | 1,167,525,000 | 665,359,000 | 661,748,000 | 619,828,000 | 562,156,000 | 560,583,000 | 208,222,000 | 178,940,000 | 130,256,000 | 150,611,000 | 157,818,000 | 144,958,000 | 110,439,000 | 116,377,000 | 122,360,000 | 223,651,000 | 244,309,000 | 267,962,000 | 267,437,000 | 241,240,000 | 240,575,000 | 210,608,000 | 200,583,000 | 180,048,000 | 199,533,000 | 136,495,000 | 119,508,000 | 78,146,000 | 86,100,000 | ||
operating lease liabilities | 79,496,000 | 78,168,000 | 74,596,000 | 70,043,000 | 57,216,000 | 52,329,000 | 51,933,000 | 53,172,000 | 33,006,000 | 34,266,000 | 36,160,000 | 34,959,000 | 29,759,000 | 30,140,000 | 21,124,000 | 1,728,000 | 1,413,000 | 1,522,000 | 240,000 | 2,697,000 | 3,155,000 | 3,415,000 | 3,591,000 | 6,440,000 | 9,232,000 | 14,151,000 | 18,875,000 | 21,339,000 | |||||||||||
other current liabilities | 144,726,000 | 81,372,000 | 70,517,000 | 75,577,000 | 71,703,000 | 59,190,000 | 40,943,000 | 48,059,000 | 41,022,000 | 24,638,000 | 24,462,000 | 26,867,000 | 11,656,000 | 12,925,000 | 3,214,000 | 1,370,000 | 36,230,000 | 76,403,000 | 62,821,000 | 46,536,000 | 18,274,000 | 913,000 | 170,000 | 177,000 | 600,000 | 942,000 | 924,000 | 1,007,000 | 1,090,000 | 655,000 | 529,000 | 483,000 | |||||||
total current liabilities | 1,677,832,000 | 1,370,981,000 | 1,828,947,000 | 1,585,272,000 | 1,327,337,000 | 1,271,965,000 | 1,167,634,000 | 1,112,032,000 | 1,241,553,000 | 760,011,000 | 722,724,000 | 681,998,000 | 605,569,000 | 615,766,000 | 316,101,000 | 299,727,000 | 167,899,000 | 228,536,000 | 220,879,000 | 194,191,000 | 131,868,000 | 120,705,000 | 157,861,000 | 239,045,000 | 254,466,000 | 287,488,000 | 301,583,000 | 274,435,000 | 247,716,000 | 211,263,000 | 201,112,000 | 180,531,000 | 199,773,000 | 136,945,000 | 119,693,000 | 79,919,000 | 91,461,000 | 302,000 | 2,000 |
noncurrent liabilities | |||||||||||||||||||||||||||||||||||||||
long-term debt | 3,545,598,000 | 3,544,836,000 | 3,711,355,000 | 3,710,381,000 | 4,184,233,000 | 4,184,259,000 | 3,872,077,000 | 3,909,418,000 | 3,848,781,000 | 2,254,178,000 | 2,060,070,000 | 2,042,916,000 | 2,140,798,000 | 2,303,670,000 | 801,849,000 | 801,203,000 | 825,565,000 | 1,004,937,000 | 1,054,317,000 | 1,063,754,000 | 1,068,624,000 | 1,092,241,000 | 1,106,043,000 | 1,117,919,000 | 1,057,389,000 | 1,001,867,000 | 881,353,000 | 880,855,000 | 691,630,000 | 531,390,000 | 421,154,000 | 390,921,000 | 390,764,000 | ||||||
asset retirement obligations | 166,847,000 | 163,698,000 | 159,170,000 | 150,143,000 | 148,443,000 | 140,366,000 | 130,476,000 | 128,160,000 | 121,417,000 | 44,393,000 | 44,546,000 | 46,613,000 | 40,947,000 | 40,142,000 | 18,151,000 | 17,647,000 | 17,240,000 | 17,710,000 | 17,516,000 | 17,158,000 | 17,009,000 | 18,125,000 | 18,067,000 | 17,651,000 | 16,874,000 | 14,629,000 | 14,113,000 | 13,890,000 | 13,895,000 | 13,156,000 | 12,663,000 | 12,356,000 | 12,161,000 | 9,328,000 | 8,855,000 | 7,585,000 | 7,226,000 | ||
deferred income taxes | 893,463,000 | 851,883,000 | 759,319,000 | 699,746,000 | 602,379,000 | 539,460,000 | 438,186,000 | 441,839,000 | 422,627,000 | 83,416,000 | 78,685,000 | 50,414,000 | 4,430,000 | 80,696,000 | 50,293,000 | 8,834,000 | 2,589,000 | 2,589,000 | 2,589,000 | 2,589,000 | 2,589,000 | 2,589,000 | 2,589,000 | 2,296,000 | 85,504,000 | 84,471,000 | 65,832,000 | 59,904,000 | 62,167,000 | ||||||||||
other noncurrent liabilities | 39,460,000 | 54,538,000 | 56,241,000 | 44,465,000 | 52,701,000 | 54,510,000 | 72,138,000 | 69,766,000 | 73,150,000 | 74,708,000 | 66,396,000 | 50,961,000 | 3,211,000 | 357,000 | 32,344,000 | 45,571,000 | 24,579,000 | 27,232,000 | 25,498,000 | 11,726,000 | 2,952,000 | 456,000 | |||||||||||||||||
total liabilities | 6,378,302,000 | 6,051,949,000 | 6,589,888,000 | 6,272,643,000 | 6,379,381,000 | 6,251,861,000 | 5,748,780,000 | 5,733,113,000 | 5,735,830,000 | 3,242,862,000 | 3,000,315,000 | 2,914,472,000 | 2,836,296,000 | 3,089,106,000 | 1,254,462,000 | 1,187,455,000 | 1,053,874,000 | 1,297,693,000 | 1,336,005,000 | 1,289,418,000 | 1,223,464,000 | 1,235,213,000 | 1,286,343,000 | 1,379,463,000 | 1,417,587,000 | 1,392,317,000 | 1,268,084,000 | 1,237,022,000 | 1,016,152,000 | 812,166,000 | 680,689,000 | 606,845,000 | 612,597,000 | 328,575,000 | 172,617,000 | 87,504,000 | 98,707,000 | 17,802,000 | 17,502,000 |
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||
shareholders’ equity | |||||||||||||||||||||||||||||||||||||||
common stock, 0.0001 par value... | 30,000 | 29,000 | |||||||||||||||||||||||||||||||||||||
class a: 757,854,120 shares issued and 751,746,410 shares outstanding at december 31, 2025 and 707,388,380 shares issued and 703,774,082 shares outstanding at december 31, 2024 | 76,000 | ||||||||||||||||||||||||||||||||||||||
class c: 84,378,125 shares issued and outstanding at december 31, 2025 and 99,599,640 shares issued and outstanding at december 31, 2024 | 8,000 | ||||||||||||||||||||||||||||||||||||||
additional paid-in capital | 8,710,698,000 | 8,676,603,000 | 8,054,604,000 | 8,080,421,000 | 8,056,552,000 | 8,025,933,000 | 7,611,052,000 | 6,331,073,000 | 5,766,881,000 | 3,278,846,000 | 2,944,785,000 | 2,891,528,000 | 2,698,465,000 | 2,654,774,000 | 3,024,236,000 | 3,017,572,000 | 3,013,017,000 | 3,007,696,000 | 2,998,516,000 | 2,994,020,000 | 3,004,433,000 | 2,999,640,000 | 2,994,832,000 | 2,982,187,000 | 2,975,756,000 | 2,967,149,000 | 2,846,520,000 | 2,839,803,000 | 2,833,611,000 | 2,827,756,000 | 2,819,052,000 | 2,814,051,000 | 2,767,558,000 | 2,704,298,000 | 2,700,473,000 | 2,369,504,000 | 2,364,049,000 | 5,460,091 | 4,936,027 |
retained earnings | 1,567,500,000 | 1,349,369,000 | 1,403,744,000 | 1,303,674,000 | 1,081,895,000 | 971,897,000 | 735,034,000 | 626,930,000 | 569,139,000 | 375,933,000 | 363,881,000 | 323,677,000 | 237,226,000 | 169,661,000 | -54,698,000 | -246,524,000 | -262,326,000 | -423,077,000 | -460,201,000 | -435,146,000 | -400,501,000 | -311,846,000 | -260,317,000 | -265,647,000 | 282,336,000 | 272,718,000 | 276,303,000 | 258,426,000 | 266,538,000 | 235,558,000 | 196,270,000 | 132,729,000 | 66,639,000 | 36,103,000 | 21,656,000 | 894,000 | 62,521 | ||
total shareholders’ equity | 10,278,282,000 | 9,138,528,000 | 6,336,097,000 | 2,935,748,000 | 2,750,720,000 | 2,584,648,000 | 2,538,344,000 | 2,558,903,000 | 2,603,961,000 | 2,687,823,000 | 2,734,543,000 | 2,716,568,000 | 3,258,120,000 | 3,239,895,000 | 3,122,851,000 | 3,098,257,000 | 3,100,177,000 | 3,063,342,000 | 3,015,350,000 | 2,946,808,000 | 2,834,225,000 | 2,740,429,000 | 2,722,157,000 | 2,370,421,000 | |||||||||||||||
noncontrolling interest | 1,255,601,000 | 1,247,468,000 | 1,446,089,000 | 1,419,624,000 | 1,379,991,000 | 1,365,821,000 | 1,313,758,000 | 2,390,115,000 | 2,893,651,000 | 2,312,100,000 | 2,617,287,000 | 2,593,424,000 | 2,720,548,000 | 2,696,034,000 | 10,219,000 | 12,581,000 | 13,919,000 | 144,392,000 | 143,267,000 | 143,692,000 | 141,864,000 | 142,851,000 | 138,910,000 | 169,747,000 | 205,608,000 | 203,795,000 | 195,831,000 | 197,793,000 | |||||||||||
total equity | 11,533,883,000 | 11,273,524,000 | 10,904,518,000 | 10,803,800,000 | 10,518,519,000 | 10,363,732,000 | 9,659,922,000 | 9,348,196,000 | 9,229,748,000 | 5,966,936,000 | 5,926,010,000 | 5,808,686,000 | 5,656,296,000 | 5,520,526,000 | 2,750,720,000 | 2,584,648,000 | 2,538,344,000 | 2,558,903,000 | 2,603,961,000 | 2,687,823,000 | 2,734,543,000 | 2,726,787,000 | 3,270,701,000 | 3,253,814,000 | 3,267,243,000 | 3,241,524,000 | 3,243,869,000 | 3,205,206,000 | 3,158,201,000 | 3,085,718,000 | 3,003,972,000 | 2,946,037,000 | 2,925,952,000 | 2,566,252,000 | 2,552,935,000 | ||||
total liabilities and equity | 17,912,185,000 | 17,325,473,000 | 17,494,406,000 | 17,076,443,000 | 16,897,900,000 | 16,615,593,000 | 15,408,702,000 | 15,081,309,000 | 14,965,578,000 | 9,209,798,000 | 8,926,325,000 | 8,723,158,000 | 8,492,592,000 | 8,609,632,000 | 3,804,594,000 | 3,882,341,000 | 3,874,349,000 | 3,848,321,000 | 3,827,425,000 | 3,923,036,000 | 4,020,886,000 | 4,106,250,000 | 4,688,288,000 | 4,646,131,000 | 4,535,327,000 | 4,478,546,000 | 4,260,021,000 | 4,017,372,000 | 3,838,890,000 | 3,692,563,000 | |||||||||
class a: 750,292,512 shares issued and 744,064,408 shares outstanding at september 30, 2025 and 707,388,380 shares issued and 703,774,082 shares outstanding at december 31, 2024 | 75,000 | ||||||||||||||||||||||||||||||||||||||
class c: 85,173,966 shares issued and outstanding at september 30, 2025 and 99,599,640 shares issued and outstanding at december 31, 2024 | 9,000 | ||||||||||||||||||||||||||||||||||||||
total shareholders' equity | 10,026,056,000 | 9,458,429,000 | 9,384,176,000 | 8,997,911,000 | 8,346,164,000 | 6,958,081,000 | 3,654,836,000 | 3,308,723,000 | 3,215,262,000 | 2,824,492,000 | 2,969,568,000 | 2,771,077,000 | |||||||||||||||||||||||||||
current portion of long-term debt | 286,126,000 | 288,603,000 | |||||||||||||||||||||||||||||||||||||
class a: 706,247,335 shares issued and 701,276,121 shares outstanding at june 30, 2025 and 707,388,380 shares issued and 703,774,082 shares outstanding at december 31, 2024 | 71,000 | ||||||||||||||||||||||||||||||||||||||
class c: 99,050,810 shares issued and outstanding at june 30, 2025 and 99,599,640 shares issued and outstanding at december 31, 2024 | 10,000 | ||||||||||||||||||||||||||||||||||||||
class a: 710,078,422 shares issued and 704,872,781 shares outstanding at march 31, 2025 and 707,388,380 shares issued and 703,774,082 shares outstanding at december 31, 2024 | 71,000 | ||||||||||||||||||||||||||||||||||||||
class c: 99,050,810 shares issued and outstanding at march 31, 2025 and 99,599,640 shares issued and outstanding at december 31, 2024 | 10,000 | ||||||||||||||||||||||||||||||||||||||
class a: 707,388,380 shares issued and 703,774,082 shares outstanding at december 31, 2024 and 544,610,984 shares issued and 540,789,758 shares outstanding at december 31, 2023 | 71,000 | ||||||||||||||||||||||||||||||||||||||
class c: 99,599,640 shares issued and outstanding at december 31, 2024 and 230,962,833 shares issued and outstanding at december 31, 2023 | 10,000 | ||||||||||||||||||||||||||||||||||||||
class a: 706,521,280 shares issued and 702,890,671 shares outstanding at september 30, 2024 and 544,610,984 shares issued and 540,789,758 shares outstanding at december 31, 2023 | 71,000 | ||||||||||||||||||||||||||||||||||||||
class c: 100,409,546 shares issued and outstanding at september 30, 2024 and 230,962,833 shares issued and outstanding at december 31, 2023 | 10,000 | ||||||||||||||||||||||||||||||||||||||
class a: 679,497,591 shares issued and 675,001,119 shares outstanding at june 30, 2024 and 544,610,984 shares issued and 540,789,758 shares outstanding at december 31, 2023 | 68,000 | ||||||||||||||||||||||||||||||||||||||
class c: 100,703,440 shares issued and outstanding at june 30, 2024 and 230,962,833 shares issued and outstanding at december 31, 2023 | 10,000 | ||||||||||||||||||||||||||||||||||||||
class a: 587,622,487 shares issued and 582,262,542 shares outstanding at march 31, 2024 and 544,610,984 shares issued and 540,789,758 shares outstanding at december 31, 2023 | 59,000 | ||||||||||||||||||||||||||||||||||||||
class c: 187,607,059 shares issued and outstanding at march 31, 2024 and 230,962,833 shares issued and outstanding at december 31, 2023 | 19,000 | ||||||||||||||||||||||||||||||||||||||
class a: 544,610,984 shares issued and 540,789,758 shares outstanding at december 31, 2023 and 298,640,260 shares issued and 288,532,257 shares outstanding at december 31, 2022 | 54,000 | ||||||||||||||||||||||||||||||||||||||
class c: 230,962,833 shares issued and outstanding at december 31, 2023 and 269,300,000 shares issued and outstanding at december 31, 2022 | 23,000 | ||||||||||||||||||||||||||||||||||||||
class a: 354,470,922 shares issued and 350,725,718 shares outstanding at september 30, 2023 and 298,640,260 shares issued and 288,532,257 shares outstanding at december 31, 2022 | 35,000 | ||||||||||||||||||||||||||||||||||||||
class c: 215,223,134 shares issued and outstanding at september 30, 2023 and 269,300,000 shares issued and outstanding at december 31, 2022 | 22,000 | ||||||||||||||||||||||||||||||||||||||
class a: 325,446,375 shares issued and 319,646,487 shares outstanding at june 30, 2023 and 298,640,260 shares issued and 288,532,257 shares outstanding at december 31, 2022 | 33,000 | ||||||||||||||||||||||||||||||||||||||
class c: 244,632,559 shares issued and outstanding at june 30, 2023 and 269,300,000 shares issued and outstanding at december 31, 2022 | 24,000 | ||||||||||||||||||||||||||||||||||||||
class a: 321,723,961 shares issued and 313,958,894 shares outstanding at march 31, 2023 and 298,640,260 shares issued and 288,532,257 shares outstanding at december 31, 2022 | 32,000 | ||||||||||||||||||||||||||||||||||||||
class c: 245,644,075 shares issued and outstanding at march 31, 2023 and 269,300,000 shares issued and outstanding at december 31, 2022 | 25,000 | ||||||||||||||||||||||||||||||||||||||
class a: 298,640,260 shares issued and 288,532,257 shares outstanding at december 31, 2022 and 294,260,623 shares issued and 284,696,972 shares outstanding at december 31, 2021 | 30,000 | ||||||||||||||||||||||||||||||||||||||
class c: 269,300,000 shares issued and outstanding at december 31, 2022 and no shares issued or outstanding at december 31, 2021 | 27,000 | ||||||||||||||||||||||||||||||||||||||
class a: 298,196,091 shares issued and 288,482,677 shares outstanding at september 30, 2022 and 294,260,623 shares issued and 284,696,972 shares outstanding at december 31, 2021 | 30,000 | ||||||||||||||||||||||||||||||||||||||
class c (convertible): 269,300,000 shares issued and outstanding at september 30, 2022 and no shares issued or outstanding at december 31, 2021 | 27,000 | ||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders' equity | 4,224,030,000 | 3,958,532,000 | |||||||||||||||||||||||||||||||||||||
class a: 294,260,623 shares issued and 284,696,972 shares outstanding at december 31, 2021 and 290,645,623 shares issued and 278,551,901 shares outstanding at december 31, 2020 | 29,000 | ||||||||||||||||||||||||||||||||||||||
class a: 294,280,467 shares issued and 284,084,602 shares outstanding at september 30, 2021 and 290,645,623 shares issued and 278,551,901 shares outstanding at december 31, 2020 | 29,000 | ||||||||||||||||||||||||||||||||||||||
class a: 290,800,955 shares issued and 279,219,513 shares outstanding at june 30, 2021 and 290,645,623 shares issued and 278,551,901 shares outstanding at december 31, 2020 | 29,000 | ||||||||||||||||||||||||||||||||||||||
class a: 290,792,727 shares issued and 279,124,752 shares outstanding at march 31, 2021 and 290,645,623 shares issued and 278,551,901 shares outstanding at december 31, 2020 | 29,000 | ||||||||||||||||||||||||||||||||||||||
preferred stock, .0001 par value... | |||||||||||||||||||||||||||||||||||||||
series a: no shares issued and outstanding at december 31, 2020 and 1 share issued and outstanding at december 31, 2019 | |||||||||||||||||||||||||||||||||||||||
class a: 290,645,623 shares issued and 278,551,901 shares outstanding at december 31, 2020 and 280,650,341 shares issued and 275,811,346 shares outstanding at december 31, 2019 | 29,000 | ||||||||||||||||||||||||||||||||||||||
class c (convertible): no shares issued and outstanding at december 31, 2020 and 1,034,119 shares issued and outstanding at december 31, 2019 | |||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value... | |||||||||||||||||||||||||||||||||||||||
series a: no shares issued and outstanding at september 30, 2020 and 1 share issued and outstanding at december 31, 2019 | |||||||||||||||||||||||||||||||||||||||
class a: 290,104,427 shares issued and 278,317,272 shares outstanding at september 30, 2020 and 280,650,341 shares issued and 275,811,346 shares outstanding at december 31, 2019 | 29,000 | ||||||||||||||||||||||||||||||||||||||
class c (convertible): no shares issued and outstanding at september 30, 2020 and 1,034,119 shares issued and outstanding at december 31, 2019 | |||||||||||||||||||||||||||||||||||||||
series a: 1 share issued and outstanding | |||||||||||||||||||||||||||||||||||||||
class a: 282,209,347 shares issued and 277,283,494 shares outstanding at june 30, 2020 and 280,650,341 shares issued and 275,811,346 shares outstanding at december 31, 2019 | 28,000 | ||||||||||||||||||||||||||||||||||||||
class c (convertible): no shares issued and outstanding at june 30, 2020 and 1,034,119 shares issued and outstanding at december 31, 2019 | |||||||||||||||||||||||||||||||||||||||
class a: 281,530,821 shares issued and 276,037,796 shares outstanding at march 31, 2020 and 280,650,341 shares issued and 275,811,346 shares outstanding at december 31, 2019 | 28,000 | ||||||||||||||||||||||||||||||||||||||
class c (convertible): 1,034,119 shares issued and outstanding at march 31, 2020 and december 31, 2019 | |||||||||||||||||||||||||||||||||||||||
other long-term liabilities | 744,000 | 540,000 | 596,000 | 670,000 | |||||||||||||||||||||||||||||||||||
class a: 280,650,341 shares issued and 275,811,346 shares outstanding at december 31, 2019 and 265,859,273 shares issued and 264,323,328 shares outstanding at december 31, 2018 | 28,000 | ||||||||||||||||||||||||||||||||||||||
class c (convertible): 1,034,119 and 12,003,183 shares issued and outstanding at december 31, 2019 and december 31, 2018, respectively | |||||||||||||||||||||||||||||||||||||||
class a: 280,443,894 shares issued and 275,556,804 shares outstanding at september 30, 2019 and 265,859,273 shares issued and 264,323,328 shares outstanding at december 31, 2018 | 28,000 | ||||||||||||||||||||||||||||||||||||||
class c (convertible): 1,143,039 shares issued and outstanding at september 30, 2019 and 12,003,183 shares issued and outstanding at december 31, 2018 | |||||||||||||||||||||||||||||||||||||||
class a: 266,254,971 shares issued and 264,431,567 shares outstanding at june 30, 2019 and 265,859,273 shares issued and 264,323,328 shares outstanding at december 31, 2018 | 27,000 | ||||||||||||||||||||||||||||||||||||||
class c (convertible): 12,003,183 shares issued and outstanding at june 30, 2019 and december 31, 2018 | 1,000 | ||||||||||||||||||||||||||||||||||||||
class a: 266,271,298 shares issued and 264,416,875 shares outstanding at march 31, 2019 and 265,859,273 shares issued and 264,323,328 shares outstanding at december 31, 2018 | 27,000 | ||||||||||||||||||||||||||||||||||||||
class c (convertible): 12,003,183 shares issued and outstanding at march 31, 2019 and december 31, 2018 | 1,000 | ||||||||||||||||||||||||||||||||||||||
class a: 265,859,273 shares issued and 264,323,328 shares outstanding at december 31, 2018 and 261,337,636 shares issued and 260,327,920 shares outstanding at december 31, 2017 | 27,000 | ||||||||||||||||||||||||||||||||||||||
class c (convertible): 12,003,183 and 15,661,338 shares issued and outstanding at december 31, 2018 and december 31, 2017, respectively | 1,000 | ||||||||||||||||||||||||||||||||||||||
deferred tax liability | 53,380,000 | 42,307,000 | 22,367,000 | 9,899,000 | 17,302,000 | 9,069,000 | |||||||||||||||||||||||||||||||||
class a: 265,771,082 shares issued and 264,214,812 shares outstanding at september 30, 2018 and 261,337,636 shares issued and 260,327,920 shares outstanding at december 31, 2017 | 27,000 | ||||||||||||||||||||||||||||||||||||||
class c (convertible): 12,003,183 and 15,661,338 shares issued and outstanding at september 30, 2018 and december 31, 2017, respectively | 1,000 | ||||||||||||||||||||||||||||||||||||||
class a: 264,888,085 shares issued and 263,775,433 shares outstanding at june 30, 2018 and 261,337,636 shares issued and 260,327,920 shares outstanding at december 31, 2017 | 27,000 | ||||||||||||||||||||||||||||||||||||||
class c (convertible): 12,313,691 and 15,661,338 shares issued and outstanding at june 30, 2018 and december 31, 2017, respectively | 1,000 | ||||||||||||||||||||||||||||||||||||||
class a: 264,858,498 shares issued and 263,738,776 shares outstanding at march 31, 2018 and 261,337,636 shares issued and 260,327,920 shares outstanding at december 31, 2017 | 27,000 | ||||||||||||||||||||||||||||||||||||||
class c (convertible): 12,313,691 and 15,661,338 shares issued and outstanding at march 31, 2018 and december 31, 2017, respectively | 1,000 | ||||||||||||||||||||||||||||||||||||||
liabilities and shareholders' equity | |||||||||||||||||||||||||||||||||||||||
series b: no shares issued and outstanding at december 31, 2017 and 104,400 shares issued and outstanding at december 31, 2016 | |||||||||||||||||||||||||||||||||||||||
class a: 261,337,636 shares issued and 260,327,920 shares outstanding at december 31, 2017 and 201,091,646 shares issued and 200,835,049 shares outstanding at december 31, 2016 | 26,000 | ||||||||||||||||||||||||||||||||||||||
class c (convertible): 15,661,338 shares issued and outstanding at december 31, 2017 and 19,155,921 shares issued and outstanding at december 31, 2016 | 2,000 | ||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders’ equity | 3,616,569,000 | 3,274,612,000 | 3,098,569,000 | 2,653,756,000 | |||||||||||||||||||||||||||||||||||
liabilities and shareholders’ equity | |||||||||||||||||||||||||||||||||||||||
revolving credit facility | 165,000,000 | 35,000,000 | |||||||||||||||||||||||||||||||||||||
series b: no shares issued and outstanding at september 30, 2017 and 104,400 shares issued and outstanding at december 31, 2016 | |||||||||||||||||||||||||||||||||||||||
class a: 257,760,091 shares issued and 256,670,839 shares outstanding at september 30, 2017 and 201,091,646 shares issued and 200,835,049 shares outstanding at december 31, 2016 | 26,000 | ||||||||||||||||||||||||||||||||||||||
class c: 19,155,921 shares issued and outstanding | 2,000 | 2,000 | 2,000 | ||||||||||||||||||||||||||||||||||||
series b: no shares issued and outstanding at june 30, 2017 and 104,400 shares issued and outstanding at december 31, 2016 | |||||||||||||||||||||||||||||||||||||||
class a: 257,244,767 shares issued and 256,670,839 shares outstanding at june 30, 2017 and 201,091,646 shares issued and 200,835,049 shares outstanding at december 31, 2016 | 26,000 | ||||||||||||||||||||||||||||||||||||||
series b: 104,400 shares issued and outstanding | |||||||||||||||||||||||||||||||||||||||
class a: 207,593,439 shares issued and 207,068,375 shares outstanding at march 31, 2017 and 201,091,646 shares issued and 200,835,049 shares outstanding at december 31, 2016 | 21,000 | ||||||||||||||||||||||||||||||||||||||
oil and natural gas properties, other property and equipment | |||||||||||||||||||||||||||||||||||||||
unproved oil and natural gas properties | 1,905,661,000 | ||||||||||||||||||||||||||||||||||||||
other property and equipment, net of accumulated depreciation of 391 and 868, respectively | 2,193,000 | ||||||||||||||||||||||||||||||||||||||
liabilities and shareholders’/owners’ equity | |||||||||||||||||||||||||||||||||||||||
term loan, net of unamortized deferred financing costs | |||||||||||||||||||||||||||||||||||||||
shareholders’/owners’ equity | |||||||||||||||||||||||||||||||||||||||
owners' equity | |||||||||||||||||||||||||||||||||||||||
series a: 1 share issued and outstanding at december 31, 2016 | |||||||||||||||||||||||||||||||||||||||
series b: 104,400 shares issued and outstanding at december 31, 2016 | |||||||||||||||||||||||||||||||||||||||
class a: 201,091,646 shares issued and outstanding at december 31, 2016 | 20,000 | ||||||||||||||||||||||||||||||||||||||
class c: 19,155,921 shares issued and outstanding at december 31, 2016 | 2,000 | ||||||||||||||||||||||||||||||||||||||
accumulated deficit | -8,929,000 | ||||||||||||||||||||||||||||||||||||||
total shareholders’/owners’ equity | 2,355,142,000 | ||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders’/owners’ equity | 2,651,642,000 | ||||||||||||||||||||||||||||||||||||||
assets: | |||||||||||||||||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||||||||||||||||
cash | 137,583 | 778,524 | |||||||||||||||||||||||||||||||||||||
prepaid expenses | 165,394 | 198,652 | |||||||||||||||||||||||||||||||||||||
receivable from new centennial | 197,145 | ||||||||||||||||||||||||||||||||||||||
investment held in trust account | 500,549,802 | 500,296,824 | |||||||||||||||||||||||||||||||||||||
deferred offering costs | |||||||||||||||||||||||||||||||||||||||
liabilities and stockholders’ equity | |||||||||||||||||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||||||||||||||||
accrued expenses | 2,000 | 2,000 | |||||||||||||||||||||||||||||||||||||
payable to affiliate | |||||||||||||||||||||||||||||||||||||||
sponsor note | 300,000 | ||||||||||||||||||||||||||||||||||||||
deferred underwriting compensation | 17,500,000 | 17,500,000 | |||||||||||||||||||||||||||||||||||||
class a common stock | 478,247,920 | 478,771,990 | |||||||||||||||||||||||||||||||||||||
stockholders’ equity: | |||||||||||||||||||||||||||||||||||||||
preferred shares, 0.0001 par value... | |||||||||||||||||||||||||||||||||||||||
class a common stock, 0.0001 par value... | 218 | 212 | |||||||||||||||||||||||||||||||||||||
class b common stock, 0.0001 par value... | 1,250 | 1,250 | |||||||||||||||||||||||||||||||||||||
total stockholders’ equity | 5,000,004 | 5,000,010 | |||||||||||||||||||||||||||||||||||||
total liabilities and stockholders’ equity | 501,049,924 | 501,274,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||||||||||||||||||||||||||
net income | 381,891,000 | 81,461,000 | 245,021,000 | 390,563,000 | 255,479,000 | 456,527,000 | 308,908,000 | 229,595,000 | 412,619,000 | 98,329,000 | 148,954,000 | 219,801,000 | 198,708,000 | 343,504,000 | 191,826,000 | 15,802,000 | 160,751,000 | 37,124,000 | -25,055,000 | -34,645,000 | -88,655,000 | -51,529,000 | 5,330,000 | -550,345,000 | 9,662,000 | -3,713,000 | 19,002,000 | -8,537,000 | 32,808,000 | 41,674,000 | 67,482,000 | 70,772,000 | 33,390,000 | 16,260,000 | 23,198,000 | 10,707,000 |
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||
depreciation, depletion and amortization | 524,979,000 | 526,915,000 | 506,410,000 | 474,203,000 | 486,463,000 | 453,603,000 | 426,428,000 | 410,179,000 | 367,427,000 | 236,204,000 | 215,726,000 | 188,219,000 | 182,052,000 | 109,500,000 | 82,117,000 | 71,009,000 | 75,863,000 | 76,047,000 | 73,429,000 | 63,783,000 | 74,832,000 | 89,444,000 | 93,020,000 | 101,258,000 | 122,851,000 | 112,720,000 | 112,114,000 | 96,558,000 | 102,083,000 | 83,423,000 | 74,946,000 | 66,010,000 | 58,781,000 | 42,387,000 | 34,414,000 | 26,046,000 |
stock-based compensation expense | 15,027,000 | 18,251,000 | 20,164,000 | 16,929,000 | 14,106,000 | 22,976,000 | 9,631,000 | 5,028,000 | 4,727,000 | 6,409,000 | 7,646,000 | 8,110,000 | 6,758,000 | 6,483,000 | 6,341,000 | 5,341,000 | 4,655,000 | 4,333,000 | 4,339,000 | |||||||||||||||||
impairment and abandonment expense | 379,000 | 2,251,000 | 146,000 | 5,209,000 | 2,128,000 | 1,380,000 | 6,384,000 | 20,000 | 5,947,000 | 245,000 | 244,000 | 245,000 | 244,000 | 498,000 | 506,000 | 2,627,000 | 6,400,000 | 7,712,000 | 9,199,000 | 9,200,000 | 40,561,000 | 19,904,000 | 19,425,000 | 611,300,000 | 4,818,000 | 6,745,000 | 4,418,000 | 31,264,000 | ||||||||
deferred tax expense | 39,052,000 | 88,414,000 | 60,340,000 | 97,594,000 | 70,257,000 | 102,892,000 | 78,891,000 | 46,979,000 | 78,930,000 | 16,254,000 | 23,745,000 | 33,454,000 | 40,847,000 | 31,169,000 | 40,887,000 | 6,776,000 | 0 | 0 | 739,000 | 1,393,000 | 5,928,000 | -2,263,000 | 8,711,000 | 11,652,000 | 19,940,000 | 19,137,000 | 12,628,000 | 8,233,000 | ||||||||
net loss on sale of long-lived assets | 66,000 | -329,000 | 0 | -112,000 | -82,000 | -63,000 | 0 | -66,000 | -13,000 | 3,000 | 1,406,000 | -82,000 | -34,422,000 | 290,000 | 8,000 | -44,000 | -10,000 | -145,000 | 2,000 | -245,000 | 842,000 | 22,000 | ||||||||||||||
non-cash portion of derivative loss | -79,493,000 | -35,307,000 | -17,256,000 | -36,423,000 | 73,579,000 | -213,102,000 | -6,734,000 | 128,474,000 | -180,179,000 | 161,672,000 | 18,678,000 | -14,777,000 | 88,635,000 | -213,503,000 | -39,514,000 | 86,645,000 | -44,790,000 | 15,731,000 | 17,446,000 | 28,313,000 | 18,987,000 | -32,518,000 | 22,963,000 | 8,452,000 | -4,108,000 | -9,740,000 | 4,260,000 | 5,494,000 | -11,534,000 | -7,482,000 | -679,000 | 1,286,000 | ||||
amortization of debt issuance costs, discount and premium | 1,710,000 | 2,014,000 | 2,160,000 | 2,139,000 | 1,811,000 | 1,752,000 | 1,469,000 | 1,531,000 | ||||||||||||||||||||||||||||
loss on extinguishment of debt | 0 | 264,294,000 | 0 | 5,826,000 | 0 | 5,110,000 | 0 | 0 | ||||||||||||||||||||||||||||
changes in operating assets and liabilities: | ||||||||||||||||||||||||||||||||||||
decrease in accounts receivable | -281,226,000 | -63,690,000 | 9,283,000 | 14,177,000 | -103,963,000 | 78,413,000 | 59,292,000 | -85,138,000 | 94,123,000 | -45,899,000 | -10,385,000 | -1,503,000 | -60,071,000 | 55,998,000 | -8,927,000 | -53,824,000 | 21,523,000 | -9,515,000 | -18,486,000 | -14,997,000 | -3,567,000 | 12,074,000 | -4,961,000 | 41,026,000 | 37,673,000 | -25,020,000 | -4,043,000 | -18,708,000 | -14,674,000 | -1,640,000 | 12,868,000 | -29,555,000 | -15,381,000 | -7,605,000 | -11,424,000 | -9,143,000 |
decrease in prepaid and other assets | -20,313,000 | 239,000 | 5,639,000 | -8,853,000 | -1,663,000 | -2,431,000 | -9,747,000 | 5,350,000 | 543,000 | -23,841,000 | -2,953,000 | -1,016,000 | -1,713,000 | 6,163,000 | -5,786,000 | -415,000 | 1,104,000 | 1,812,000 | 255,000 | -264,000 | -979,000 | -2,866,000 | 304,000 | -263,000 | -887,000 | -841,000 | 51,000 | -205,000 | -346,000 | -382,000 | ||||||
increase in accounts payable and other liabilities | 322,321,000 | -118,356,000 | 206,789,000 | -63,332,000 | 73,735,000 | 56,437,000 | 47,092,000 | -98,911,000 | 58,365,000 | 16,300,000 | 15,306,000 | -6,811,000 | 21,290,000 | 27,148,000 | 31,666,000 | 10,825,000 | -1,433,000 | 5,148,000 | 8,147,000 | 4,154,000 | -13,253,000 | 4,559,000 | -13,301,000 | -34,365,000 | -729,000 | 14,222,000 | 29,912,000 | -9,572,000 | 34,495,000 | 3,240,000 | 20,892,000 | 8,033,000 | 16,271,000 | -7,933,000 | 24,909,000 | -6,475,000 |
net cash from operating activities | 904,327,000 | 766,486,000 | 1,038,696,000 | 898,032,000 | 871,578,000 | 954,358,000 | 938,434,000 | 647,598,000 | 845,994,000 | 480,801,000 | 448,491,000 | 438,213,000 | 528,295,000 | 388,277,000 | 294,979,000 | 160,120,000 | 192,487,000 | 153,507,000 | 107,279,000 | 72,346,000 | 41,144,000 | 45,729,000 | -16,315,000 | 100,818,000 | 179,298,000 | 104,681,000 | 179,166,000 | 101,028,000 | 175,316,000 | 170,793,000 | 192,076,000 | 131,826,000 | 122,768,000 | 44,010,000 | 73,892,000 | 19,248,000 |
capital expenditures | -2,338,000 | -6,236,000 | -3,436,000 | -1,672,000 | -5,744,000 | -3,097,000 | -1,232,000 | -2,772,000 | -3,655,000 | -1,778,000 | -27,846,000 | -1,204,000 | -364,000 | -336,000 | -1,811,000 | -1,052,000 | -215,000 | -215,000 | -290,000 | -181,000 | -48,000 | -224,000 | -325,000 | -486,000 | -650,000 | -3,944,000 | -2,525,000 | -1,738,000 | -1,649,000 | -1,145,000 | -1,501,000 | -1,763,000 | -1,439,000 | -1,025,000 | -1,318,000 | -1,139,000 |
free cash flows | 901,989,000 | 760,250,000 | 1,035,260,000 | 896,360,000 | 865,834,000 | 951,261,000 | 937,202,000 | 644,826,000 | 842,339,000 | 479,023,000 | 420,645,000 | 437,009,000 | 527,931,000 | 387,941,000 | 293,168,000 | 159,068,000 | 192,272,000 | 153,292,000 | 106,989,000 | 72,165,000 | 41,096,000 | 45,505,000 | -16,640,000 | 100,332,000 | 178,648,000 | 100,737,000 | 176,641,000 | 99,290,000 | 173,667,000 | 169,648,000 | 190,575,000 | 130,063,000 | 121,329,000 | 42,985,000 | 72,574,000 | 18,109,000 |
cash flows from investing activities: | ||||||||||||||||||||||||||||||||||||
acquisition of oil and natural gas properties | -240,269,000 | -179,997,000 | -614,880,000 | -35,401,000 | -31,039,000 | -753,777,000 | -165,293,000 | -97,019,000 | -117,419,000 | -9,103,000 | -7,011,000 | -100,755,000 | -3,992,000 | -2,274,000 | -664,000 | -1,928,000 | -2,225,000 | -3,647,000 | -205,000 | -433,000 | -775,000 | -1,576,000 | -318,000 | -5,795,000 | -30,363,000 | -31,082,000 | -16,573,000 | -25,691,000 | -16,076,000 | -14,227,000 | -366,566,000 | -38,678,000 | ||||
drilling and development capital expenditures | -480,518,000 | -479,680,000 | -504,996,000 | -500,732,000 | -504,459,000 | -520,173,000 | -516,412,000 | -519,623,000 | -458,206,000 | -380,137,000 | -371,271,000 | -315,285,000 | -373,685,000 | -173,881,000 | -142,855,000 | -81,156,000 | -104,282,000 | -88,693,000 | -80,513,000 | -46,152,000 | -17,805,000 | -29,271,000 | -109,494,000 | -161,895,000 | -210,208,000 | -207,033,000 | -220,754,000 | -217,158,000 | -275,142,000 | -254,096,000 | -218,456,000 | -250,548,000 | -211,912,000 | -156,216,000 | -136,178,000 | -62,121,000 |
cash received for businesses acquired in mergers, net of cash received | ||||||||||||||||||||||||||||||||||||
purchases of other property and equipment | -2,338,000 | -6,236,000 | -3,436,000 | -1,672,000 | -5,744,000 | -3,097,000 | -1,232,000 | -2,772,000 | -3,655,000 | -1,778,000 | -27,846,000 | -1,204,000 | -364,000 | -336,000 | -1,811,000 | -1,052,000 | -215,000 | -215,000 | -290,000 | -181,000 | -48,000 | -224,000 | -325,000 | -486,000 | -650,000 | -3,944,000 | -2,525,000 | -1,738,000 | -1,649,000 | -1,145,000 | -1,501,000 | -1,763,000 | -1,439,000 | -1,025,000 | -1,318,000 | -1,139,000 |
contingent considerations received related to divestiture | 0 | 0 | 0 | 60,000,000 | ||||||||||||||||||||||||||||||||
proceeds from sales of oil and natural gas properties | -2,915,000 | 3,628,000 | -1,000 | 175,989,000 | 866,000 | 8,178,000 | 7,335,000 | 66,000 | 56,256,000 | -4,783,000 | -1,130,000 | 65,116,000 | 69,430,000 | 5,327,000 | 815,000 | 48,000 | 96,564,000 | 3,313,000 | 530,000 | 168,000 | 314,000 | 112,000 | 63,000 | 1,200,000 | 6,352,000 | 2,459,000 | 210,000 | 25,709,000 | 736,000 | 1,323,000 | 10,609,000 | 135,481,000 | 11,782,000 | 39,000 | 7,157,000 | 3,518,000 |
net cash from investing activities | -726,040,000 | -662,285,000 | -1,123,313,000 | -361,816,000 | -540,376,000 | -1,268,869,000 | -675,602,000 | -619,348,000 | -483,192,000 | -395,801,000 | -407,258,000 | -292,128,000 | -308,611,000 | -667,835,000 | -144,515,000 | -84,088,000 | -10,158,000 | -89,242,000 | -80,478,000 | -46,598,000 | -18,314,000 | -30,959,000 | -110,074,000 | -166,976,000 | -234,869,000 | -239,600,000 | -239,642,000 | -218,878,000 | -373,698,000 | -261,595,000 | -214,788,000 | -218,583,000 | -171,429,000 | -496,905,000 | -98,420,000 | |
cash flows from financing activities: | ||||||||||||||||||||||||||||||||||||
proceeds from equity offering | 0 | |||||||||||||||||||||||||||||||||||
proceeds from borrowings under revolving credit facility | 0 | 175,000,000 | 1,570,000,000 | 220,000,000 | 900,000,000 | 420,000,000 | 470,000,000 | 160,000,000 | 145,000,000 | 800,000,000 | 35,000,000 | 135,000,000 | 120,000,000 | 130,000,000 | 250,000,000 | 70,000,000 | 80,000,000 | 105,000,000 | 190,000,000 | 195,000,000 | 250,000,000 | 190,000,000 | 25,000,000 | 130,000,000 | ||||||||||||
repayment of borrowings under revolving credit facility | 0 | -550,000,000 | -1,255,000,000 | -160,000,000 | -900,000,000 | -720,000,000 | -455,000,000 | -260,000,000 | -310,000,000 | -250,000,000 | -35,000,000 | -160,000,000 | -300,000,000 | -180,000,000 | -155,000,000 | -240,000,000 | -105,000,000 | -120,000,000 | -55,000,000 | -135,000,000 | -195,000,000 | -70,000,000 | -25,000,000 | -430,000,000 | ||||||||||||
repayment of credit facility acquired in mergers | ||||||||||||||||||||||||||||||||||||
proceeds from issuance of senior notes | 0 | |||||||||||||||||||||||||||||||||||
debt issuance and redemption costs | -232,000 | -1,183,000 | -18,000 | -17,334,000 | -3,916,000 | |||||||||||||||||||||||||||||||
redemption of senior notes | 0 | -286,822,000 | -2,726,000 | -175,000,000 | 0 | -300,000,000 | ||||||||||||||||||||||||||||||
proceeds from exercise of stock options | 0 | 160,000 | 38,000 | 21,000 | 0 | 0 | 199,000 | 58,000 | 20,000 | 284,000 | -1,000 | 231,000 | 63,000 | 38,000 | 7,000 | 1,000 | 117,000 | 0 | ||||||||||||||||||
share repurchases | 0 | -30,353,000 | 0 | 0 | -29,556,000 | -31,492,000 | -66,972,000 | |||||||||||||||||||||||||||||
dividends paid | -123,513,000 | -112,424,000 | -105,707,000 | -106,070,000 | -105,513,000 | -148,384,000 | -125,824,000 | -87,194,000 | -61,154,000 | -33,174,000 | -32,427,000 | -15,192,000 | ||||||||||||||||||||||||
distributions paid to noncontrolling interest owners | -12,657,000 | -12,776,000 | -14,857,000 | -14,940,000 | -15,061,000 | -21,772,000 | -28,790,000 | -28,327,000 | -24,559,000 | -13,324,000 | ||||||||||||||||||||||||||
net cash from financing activities | -136,402,000 | -443,398,000 | -166,617,000 | -313,323,000 | -124,490,000 | 538,693,000 | -227,662,000 | -88,835,000 | -501,215,000 | 108,428,000 | -48,538,000 | -189,863,000 | -195,819,000 | 123,978,000 | 4,000 | -34,788,000 | -179,921,000 | -63,982,000 | -33,035,000 | -20,609,000 | -25,009,000 | -16,806,000 | 129,766,000 | 59,792,000 | 54,873,000 | 119,421,000 | 158,649,000 | 109,237,000 | 27,208,000 | -934,000 | 226,118,000 | 130,000,000 | 368,139,000 | -37,000 | ||
net increase in cash, cash equivalents and restricted cash | 41,885,000 | -339,197,000 | -251,234,000 | 222,893,000 | 206,712,000 | -60,585,000 | -138,413,000 | 193,428,000 | -7,305,000 | -43,778,000 | 23,865,000 | -155,580,000 | 150,468,000 | 41,244,000 | 2,408,000 | 283,000 | -6,234,000 | 5,139,000 | -2,179,000 | -2,036,000 | 3,377,000 | -6,366,000 | -61,019,000 | 71,336,000 | ||||||||||||
cash, cash equivalents and restricted cash, beginning of period | 0 | 0 | 0 | 479,343,000 | 0 | 0 | 0 | 73,864,000 | 0 | 0 | 0 | 69,932,000 | 0 | 0 | 0 | 9,935,000 | 0 | 0 | 0 | 8,339,000 | 0 | 0 | 0 | 15,543,000 | 0 | 0 | 0 | 21,422,000 | ||||||||
cash, cash equivalents and restricted cash, end of period | 41,885,000 | -339,197,000 | -251,234,000 | 702,236,000 | 206,712,000 | 224,182,000 | 35,170,000 | 13,279,000 | -138,413,000 | 193,428,000 | -7,305,000 | 26,154,000 | 23,865,000 | -155,580,000 | 150,468,000 | 51,179,000 | 2,408,000 | 283,000 | -6,234,000 | 13,478,000 | -2,179,000 | -2,036,000 | 3,377,000 | 9,177,000 | -698,000 | -15,498,000 | -61,019,000 | 92,758,000 | -39,733,000 | |||||||
stock-based compensation expense - equity awards | 8,833,000 | 16,020,000 | 35,694,000 | 17,871,000 | 55,509,000 | 48,769,000 | 6,657,000 | 5,545,000 | 5,242,000 | 23,233,000 | 4,481,000 | 4,585,000 | ||||||||||||||||||||||||
stock-based compensation expense - liability awards | 0 | -29,301,000 | -8,593,000 | 13,720,000 | 623,000 | -5,124,000 | 14,660,000 | 10,414,000 | ||||||||||||||||||||||||||||
debt issuance costs | -2,340,000 | -1,880,000 | -8,219,000 | -6,347,000 | -11,078,000 | -3,000 | -8,530,000 | 0 | -977,000 | -5,444,000 | 0 | 0 | -502,000 | -6,698,000 | -940,000 | -173,000 | -3,138,000 | -906,000 | -9,057,000 | 0 | -378,000 | -37,000 | ||||||||||||||
net decrease in cash, cash equivalents and restricted cash | ||||||||||||||||||||||||||||||||||||
amortization of debt issuance costs, debt discount and debt premium | ||||||||||||||||||||||||||||||||||||
premiums paid on capped call transactions | 0 | 0 | 0 | -14,688,000 | ||||||||||||||||||||||||||||||||
redemption of senior secured notes | 0 | 0 | ||||||||||||||||||||||||||||||||||
amortization of debt issuance costs and debt discount | 5,580,000 | 3,482,000 | 2,796,000 | 2,807,000 | 8,329,000 | 2,734,000 | 1,492,000 | 1,057,000 | 1,049,000 | |||||||||||||||||||||||||||
cash paid for business acquired in the colgate merger, net of cash acquired | ||||||||||||||||||||||||||||||||||||
repayment of credit facility acquired in the colgate merger | ||||||||||||||||||||||||||||||||||||
proceeds from the issuance of 2032 senior notes | ||||||||||||||||||||||||||||||||||||
dividend distributions paid to noncontrolling interest owners | ||||||||||||||||||||||||||||||||||||
share repurchase | 0 | -29,418,000 | ||||||||||||||||||||||||||||||||||
class a common stock repurchased from employees for taxes due upon share vestings | -5,948,000 | -32,160,000 | -2,769,000 | |||||||||||||||||||||||||||||||||
exploratory dry hole costs | ||||||||||||||||||||||||||||||||||||
cash paid for business acquired in the merger, net of cash acquired | 0 | |||||||||||||||||||||||||||||||||||
repayment of credit facility acquired in the merger | 0 | |||||||||||||||||||||||||||||||||||
debt exchange and debt issuance costs | 0 | -1,509,000 | ||||||||||||||||||||||||||||||||||
restricted stock used for tax withholdings | 0 | -1,259,000 | -38,000 | -13,982,000 | 0 | -477,000 | -9,000 | -297,000 | -93,000 | -208,000 | -127,000 | -579,000 | -41,000 | -291,000 | -546,000 | -862,000 | -65,000 | -192,000 | ||||||||||||||||||
proceeds from issuance of convertible senior notes | 0 | 0 | 170,000,000 | |||||||||||||||||||||||||||||||||
amortization of debt issuance costs and discount | 1,847,000 | 1,811,000 | 1,778,000 | 1,535,000 | 799,000 | 791,000 | 783,000 | |||||||||||||||||||||||||||||
gain on exchange of debt | 0 | 0 | ||||||||||||||||||||||||||||||||||
deferred tax benefit | -83,208,000 | |||||||||||||||||||||||||||||||||||
issuance of class a common stock | ||||||||||||||||||||||||||||||||||||
underwriting discount and offering costs | ||||||||||||||||||||||||||||||||||||
proceeds from issuance of 2027 senior notes | 0 | 0 | 496,175,000 | |||||||||||||||||||||||||||||||||
proceeds from stock options exercised | 135,000 | 272,000 | 411,000 | 164,000 | ||||||||||||||||||||||||||||||||
loss on sale of oil and natural gas properties | 2,000 | -549,000 | -52,000 | 141,000 | -15,000 | -1,580,000 | 141,000 | -7,191,000 | -166,000 | |||||||||||||||||||||||||||
amortization of debt issuance costs | 512,000 | 491,000 | 452,000 | 427,000 | 379,000 | 539,000 | 134,000 | 121,000 | 93,000 | |||||||||||||||||||||||||||
net cash from (used) in financing activities | 189,186,000 | |||||||||||||||||||||||||||||||||||
incentive unit compensation | ||||||||||||||||||||||||||||||||||||
non-cash transaction cost | ||||||||||||||||||||||||||||||||||||
increase in prepaid and other assets | -7,000 | 8,802,000 | -12,718,000 | |||||||||||||||||||||||||||||||||
proceeds withdrawn from trust account | ||||||||||||||||||||||||||||||||||||
acquisition of centennial resource production, llc | ||||||||||||||||||||||||||||||||||||
issuance of class a common shares | 0 | 0 | ||||||||||||||||||||||||||||||||||
issuance of preferred series b shares | ||||||||||||||||||||||||||||||||||||
payment of deferred underwriting compensation | ||||||||||||||||||||||||||||||||||||
proceeds from revolving credit facility | 180,000,000 | 180,000,000 | 30,000,000 | 85,000,000 | 85,000,000 | 140,000,000 | ||||||||||||||||||||||||||||||
repayment of revolving credit facility | -20,000,000 | -70,000,000 | 0 | -85,000,000 | -250,000,000 | -10,000,000 | ||||||||||||||||||||||||||||||
proceeds from senior notes | ||||||||||||||||||||||||||||||||||||
financing obligation | ||||||||||||||||||||||||||||||||||||
undeveloped leasehold abandonment expense | ||||||||||||||||||||||||||||||||||||
exploratory dry hole cost | 0 | 174,000 | 221,000 | |||||||||||||||||||||||||||||||||
non-cash mark-to-market derivative gain | ||||||||||||||||||||||||||||||||||||
acquisitions of oil and natural gas properties | -7,677,000 | -5,440,000 | -101,753,000 | |||||||||||||||||||||||||||||||||
underwriters discount and offering costs | 0 | |||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents and restricted cash | 18,435,000 | 4,496,000 | -87,691,000 | |||||||||||||||||||||||||||||||||
cash and cash equivalents and restricted cash, beginning of period | 0 | 0 | 125,915,000 | |||||||||||||||||||||||||||||||||
abandonment expense and impairment of unproved properties | ||||||||||||||||||||||||||||||||||||
cash and cash equivalents, end of period | 4,496,000 | 38,224,000 | 54,874,000 | |||||||||||||||||||||||||||||||||
noncash transaction cost | ||||||||||||||||||||||||||||||||||||
impairment and abandonment expenses | 0 | |||||||||||||||||||||||||||||||||||
write-off of deferred s-1 related expense | ||||||||||||||||||||||||||||||||||||
cash flows from investing activities | ||||||||||||||||||||||||||||||||||||
other assets | ||||||||||||||||||||||||||||||||||||
net cash used by investing activities | ||||||||||||||||||||||||||||||||||||
cash flows from financing activities | ||||||||||||||||||||||||||||||||||||
capital contributions | ||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | 2,581,000 | -54,874,000 | -79,209,000 | |||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of period | 0 | 0 | 134,083,000 | |||||||||||||||||||||||||||||||||
supplemental cash flow information | ||||||||||||||||||||||||||||||||||||
cash paid for interest | 1,192,000 | 497,000 | 226,000 | |||||||||||||||||||||||||||||||||
supplemental non-cash activity | ||||||||||||||||||||||||||||||||||||
accrued capital expenditures included in accounts payable and accrued expenses | 21,501,000 | 16,673,000 | 63,978,000 | |||||||||||||||||||||||||||||||||
asset retirement obligations incurred, including changes in estimate | 367,000 | 375,000 | 274,000 | |||||||||||||||||||||||||||||||||
equity based compensation expense | 2,985,000 | 2,610,000 | ||||||||||||||||||||||||||||||||||
accretion of asset retirement obligations | 114,000 | |||||||||||||||||||||||||||||||||||
net gain on derivative instruments | -3,759,000 | |||||||||||||||||||||||||||||||||||
net cash received for derivative settlements | -397,000 | |||||||||||||||||||||||||||||||||||
supplemental noncash activity | ||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||
noncash transaction costs | ||||||||||||||||||||||||||||||||||||
loss on derivative instruments | ||||||||||||||||||||||||||||||||||||
recovery of bad debt | ||||||||||||||||||||||||||||||||||||
development of oil and natural gas properties | ||||||||||||||||||||||||||||||||||||
development of assets held for sale | ||||||||||||||||||||||||||||||||||||
proceeds from sales of oil and natural gas properties and other assets | ||||||||||||||||||||||||||||||||||||
proceeds from sale of atlantic midstream, net of cash sold | ||||||||||||||||||||||||||||||||||||
cash held in escrow | ||||||||||||||||||||||||||||||||||||
payment of underwriting fees | ||||||||||||||||||||||||||||||||||||
repurchase of equity | ||||||||||||||||||||||||||||||||||||
proceeds from term loan | ||||||||||||||||||||||||||||||||||||
distribution in connection with common control acquisition | ||||||||||||||||||||||||||||||||||||
contributions received from noncontrolling interest | ||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | ||||||||||||||||||||||||||||||||||||
deferred tax (benefit) expense | ||||||||||||||||||||||||||||||||||||
(gain) loss on sale of oil and natural gas properties | ||||||||||||||||||||||||||||||||||||
gain on derivative instruments | ||||||||||||||||||||||||||||||||||||
decrease (increase) in accounts receivable | ||||||||||||||||||||||||||||||||||||
investments held in trust account |
