Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.22.4
Consolidated Statements of Operations - USD ($)
shares in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating Revenues:      
Total operating revenues $ 3,230,964,000 $ 2,045,030,000 $ 1,033,147,000
Operating Expenses:      
Lease operating 290,486,000 203,141,000 194,101,000
Production and ad valorem taxes 159,920,000 100,160,000 62,638,000
Gathering, transportation and processing 96,902,000 80,970,000 77,309,000
Depreciation, depletion and amortization 466,517,000 356,556,000 480,631,000
General and administrative 57,393,000 50,483,000 37,187,000
Impairment of evaluated oil and gas properties 0 0 2,547,241,000
Merger, integration and transaction 769,000 14,289,000 28,482,000
Total operating expenses 1,550,432,000 1,006,687,000 3,479,355,000
Income From Operations 1,680,532,000 1,038,343,000 (2,446,208,000)
Other (Income) Expenses:      
Interest expense, net of capitalized amounts 79,667,000 102,012,000 94,329,000
Loss on derivative contracts 330,953,000 522,300,000 27,773,000
(Gain) loss on extinguishment of debt 45,658,000 41,040,000 (170,370,000)
Other (income) expense 2,645,000 7,660,000 13,627,000
Total other (income) expense 458,923,000 673,012,000 (34,641,000)
Income (loss) before income taxes 1,221,609,000 365,331,000 (2,411,567,000)
Income tax expense (11,793,000) (180,000) (122,054,000)
Net Income (Loss) $ 1,209,816,000 $ 365,151,000 $ (2,533,621,000)
Net Income (Loss) Per Common Share:      
Basic (in dollars per share) $ 19.63 $ 7.51 $ (63.79)
Diluted (in dollars per share) $ 19.54 $ 7.26 $ (63.79)
Weighted Average Common Shares Outstanding:      
Basic (in shares) 61,620 48,612 39,718
Diluted (in shares) 61,904 50,311 39,718
Oil      
Operating Revenues:      
Total operating revenues $ 2,262,647,000 $ 1,516,225,000 $ 850,667,000
Natural gas      
Operating Revenues:      
Total operating revenues 232,681,000 141,493,000 51,866,000
Natural gas liquids      
Operating Revenues:      
Total operating revenues 260,472,000 193,861,000 81,295,000
Sales of purchased oil and gas      
Operating Revenues:      
Total operating revenues 475,164,000 193,451,000 49,319,000
Operating Expenses:      
Cost of purchased oil and gas $ 478,445,000 $ 201,088,000 $ 51,766,000