0000950170-24-116305 | 10-Q | XBRL Viewer

Print Document

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenues and other income:
Total Revenues from Contracts with Customers	$ 567,909	$ 571,330	$ 1,679,915	$ 1,902,966
Derivative fair value income	47,124	38,394	110,530	530,095
Total revenues and other income	615,033	609,724	1,790,445	2,433,061
Costs and expenses:
Taxes other than income	5,117	4,756	15,459	19,643
Brokered natural gas and marketing	32,588	46,206	98,287	158,074
Exploration	7,334	6,970	18,511	19,022
Abandonment and impairment of unproved properties	4,723	11,012	8,618	44,308
General and administrative	41,526	38,093	125,608	120,765
Exit costs	7,649	10,684	28,058	71,661
Deferred compensation plan	(1,930)	8,997	5,715	29,546
Interest	29,301	30,599	89,490	93,918
Gain on early extinguishment of debt	(11)	0	(254)	(439)
Depletion, depreciation and amortization	91,137	87,619	265,872	259,197
Gain on the sale of assets	(69)	(109)	(222)	(353)
Total costs and expenses	548,804	544,596	1,603,864	1,719,664
Income before income taxes	66,229	65,128	186,581	713,397
Income tax expense:
Current	1,282	601	5,263	3,000
Deferred	14,291	15,097	9,820	149,289
Income tax expense	15,573	15,698	15,083	152,289
Net income	$ 50,656	$ 49,430	$ 171,498	$ 561,108
Net income per common share:
Basic	$ 0.21	$ 0.2	$ 0.71	$ 2.3
Diluted	0.21	0.2	0.7	2.27
Dividends declared per share	$ 0.08	$ 0.08	$ 0.24	$ 0.24
Weighted average common shares outstanding:
Basic	240,865	241,338	240,832	239,455
Diluted	242,623	243,937	242,802	242,144
Natural Gas, NGLs and Oil Sales
Revenues and other income:
Total Revenues from Contracts with Customers	$ 533,277	$ 526,718	$ 1,578,728	$ 1,731,382
Brokered Natural Gas, Marketing and Other
Revenues and other income:
Total Revenues from Contracts with Customers	34,632	44,612	101,187	171,584
Direct Operating
Costs and expenses:
Costs and expenses	25,285	22,562	70,198	73,442
Transportation, Gathering, Processing and Compression
Costs and expenses:
Costs and expenses	$ 306,154	$ 277,207	$ 878,524	$ 830,880

Derivative Activities - Combined Fair Value of Derivatives, by Consolidated Balance Sheets (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Derivative [Line Items]
Gross Amounts of Recognized Assets	$ 215,587	$ 452,378
Gross amounts offset in the consolidated balance sheets	(17,777)	(9,407)
Net amounts of assets presented in the consolidated balance sheets	197,810	442,971
Gross Amounts of Recognized (Liabilities)	(25,110)	(9,736)
Gross amounts offset in the consolidated balance sheets	17,777	9,407
Net amounts of (liabilities) presented in the consolidated balance sheets	$ (7,333)	$ (329)

- Definition

Fair value of asset associated with financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset.

+ References + Details

Exit Costs - Summary of Exit Costs (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Restructuring Cost And Reserve [Line Items]
Total termination costs	$ 7,649	$ 10,684	$ 28,058	$ 71,661
Pennsylvania
Restructuring Cost And Reserve [Line Items]
Exit cost	45	79	124	281
North Louisiana Contract Release
Restructuring Cost And Reserve [Line Items]
Exit cost	$ 7,604	$ 10,605	$ 27,934	$ 71,380

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Suspended Exploratory Well Costs - Additional information (Detail) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Oil and Gas, Capitalized Exploratory Well Cost [Abstract]
Capitalized exploratory well costs	$ 14,680,000	$ 0

Exit Costs

9 Months Ended

Sep. 30, 2024

Restructuring and Related Activities [Abstract]

Exit Costs

(14) EXIT COSTS

In third quarter 2020, we sold our North Louisiana assets and retained certain gathering, transportation and processing obligations which extend into 2030. These are contracts where we will not realize any future benefit. The estimated obligations are included in current and long-term divestiture contract obligation in our consolidated balance sheets. In first nine months 2024, we recorded accretion expense of $30.0 million compared to $31.6 million in the same period of the prior year. In first nine months 2024, we also recorded a net adjustment of $2.1 million to decrease the obligation mainly due to a decrease in forecasted electricity costs. In first nine months 2023, we also recorded a net adjustment of $39.8 million to increase the obligation for an increase in forecasted rates due to inflation. The estimated discounted divestiture contract obligation was $356.1 million at September 30, 2024.

In second quarter 2020, we negotiated capacity releases on certain transportation pipelines in Pennsylvania effective May 31, 2020 and extending through the remainder of the contract. The estimated remaining discounted obligation for these transportation capacity releases as of September 30, 2024 was $495,000.

The following summarizes our exit costs (including accretion of discount and any adjustments) for the three and nine months ended September 30, 2024 and 2023 (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Transportation contract capacity releases		45	$	79		124	$	281
Divestiture contract obligation		7,604		10,605		27,934		71,380
	$	7,649	$	10,684	$	28,058	$	71,661

The following details the accrued exit cost liability activity for the nine months ended September 30, 2024 (in thousands):


	Exit Costs (a)
Balance at December 31, 2023	$	399,989
Accretion of discount		30,155
Changes in estimate		(2,097	)
Payments		(71,506	)
Balance at September 30, 2024	$	356,541

(a) Includes the divestiture contract obligation and the transportation contract capacity release obligation.

Fair Value Measurements - Additional Information (Detail)	3 Months Ended		9 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) Counterparty	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Interest and dividends	$ 261,000	$ 331,000	$ 739,000	$ 945,000
Mark-to-market gain (loss)	3,200,000	$ (3,500,000)	8,100,000	$ 2,200,000
Allowance for doubtful accounts on accounts receivable	308,000		$ 308,000		$ 308,000
Number of derivative counterparties \| Counterparty			15
Number of counter parties that are participants in bank credit facility \| Counterparty			10
Counterparties not in Facility \| Payables
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Net derivative asset	$ 5,800,000		$ 5,800,000
Number of counter parties \| Counterparty			5
Measurement Input, Price Volatility \| Weighted Average \| Natural Gas \| Swaptions
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Implied volatilities			17.00%

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Common stock held in treasury	Additional paid-in capital	Accumulated other comprehensive income	Retained deficit
Beginning balance at Dec. 31, 2022	$ 2,876,006	$ 2,629	$ (429,659)	$ 5,764,970	$ 467	$ (2,462,401)
Beginning balance Shares at Dec. 31, 2022		262,887,000	(24,002,000)
Issuance of common stock	(33,935)	$ 28	$ 0	(33,963)	0	0
Issuance of common stock, shares		2,794,000
Issuance of common stock upon vesting of PSUs	0	$ 0	0	278	0	(278)
Issuance of common stock upon vesting of PSUs, shares		6,000
Stock-based compensation expense	9,096	$ 0	0	9,096	0	0
Dividends ($0.08 per share)	(19,334)					(19,334)
Treasury stock issuance	0	0	$ 20	(20)	0	0
Treasury stock issuance, shares			1,000
Treasury stock repurchased	(7,737)	0	$ (7,737)	0	0	0
Treasury stock repurchased, shares			(323,000)
Excise tax on stock repurchases	(97)	0	$ (97)	0	0	0
Other comprehensive income (loss)	9	0	0	0	9	0
Net income	481,447	0	0	0	0	481,447
Ending balance at Mar. 31, 2023	3,305,455	$ 2,657	$ (437,473)	5,740,361	476	(2,000,566)
Ending balance Shares at Mar. 31, 2023		265,687,000	(24,324,000)
Beginning balance at Dec. 31, 2022	2,876,006	$ 2,629	$ (429,659)	5,764,970	467	(2,462,401)
Beginning balance Shares at Dec. 31, 2022		262,887,000	(24,002,000)
Net income	561,108
Ending balance at Sep. 30, 2023	3,447,580	$ 2,658	$ (439,302)	5,843,249	495	(1,959,520)
Ending balance Shares at Sep. 30, 2023		265,756,000	(24,401,000)
Beginning balance at Dec. 31, 2022	2,876,006	$ 2,629	$ (429,659)	5,764,970	467	(2,462,401)
Beginning balance Shares at Dec. 31, 2022		262,887,000	(24,002,000)
Ending balance at Dec. 31, 2023	$ 3,765,551	$ 2,658	$ (448,681)	5,879,705	647	(1,668,778)
Ending balance Shares at Dec. 31, 2023	265,756,369	265,756,000	(24,716,000)
Beginning balance at Mar. 31, 2023	$ 3,305,455	$ 2,657	$ (437,473)	5,740,361	476	(2,000,566)
Beginning balance Shares at Mar. 31, 2023		265,687,000	(24,324,000)
Issuance of common stock	64,360	$ 0	$ 0	64,360	0	0
Issuance of common stock, shares		65,000
Stock-based compensation expense	8,687	$ 0	0	8,687	0	0
Dividends ($0.08 per share)	(19,306)					(19,306)
Treasury stock repurchased	(1,926)	0	$ (1,926)	0	0	0
Treasury stock repurchased, shares			(77,000)
Excise tax on stock repurchases	97	0	$ 97	0	0	0
Other comprehensive income (loss)	9	0	0	0	9	0
Net income	30,231	0	0	0	0	30,231
Ending balance at Jun. 30, 2023	3,387,607	$ 2,657	$ (439,302)	5,813,408	485	(1,989,641)
Ending balance Shares at Jun. 30, 2023		265,752,000	(24,401,000)
Issuance of common stock	20,986	$ 1	$ 0	20,985	0	0
Issuance of common stock, shares		4,000
Stock-based compensation expense	8,856	$ 0	0	8,856	0	0
Dividends ($0.08 per share)	(19,309)					(19,309)
Other comprehensive income (loss)	10	0	0	0	10	0
Net income	49,430	0	0	0	0	49,430
Ending balance at Sep. 30, 2023	3,447,580	$ 2,658	$ (439,302)	5,843,249	495	(1,959,520)
Ending balance Shares at Sep. 30, 2023		265,756,000	(24,401,000)
Beginning balance at Dec. 31, 2023	$ 3,765,551	$ 2,658	$ (448,681)	5,879,705	647	(1,668,778)
Beginning balance Shares at Dec. 31, 2023	265,756,369	265,756,000	(24,716,000)
Issuance of common stock	$ (22,413)	$ 15	$ 0	(22,428)	0	0
Issuance of common stock, shares		1,547,000
Issuance of common stock upon vesting of PSUs	0	$ 0	0	361	0	(361)
Issuance of common stock upon vesting of PSUs, shares		7,000
Stock-based compensation expense	10,979	$ 0	0	10,979	0	0
Dividends ($0.08 per share)	(19,473)					(19,473)
Other comprehensive income (loss)	(15)	0	0	0	(15)	0
Net income	92,138	0	0	0	0	92,138
Ending balance at Mar. 31, 2024	3,826,767	$ 2,673	$ (448,681)	5,868,617	632	(1,596,474)
Ending balance Shares at Mar. 31, 2024		267,310,000	(24,716,000)
Beginning balance at Dec. 31, 2023	$ 3,765,551	$ 2,658	$ (448,681)	5,879,705	647	(1,668,778)
Beginning balance Shares at Dec. 31, 2023	265,756,369	265,756,000	(24,716,000)
Net income	$ 171,498
Ending balance at Sep. 30, 2024	$ 3,868,087	$ 2,674	$ (492,816)	5,913,716	600	(1,556,087)
Ending balance Shares at Sep. 30, 2024	267,423,909	267,424,000	(26,116,000)
Beginning balance at Mar. 31, 2024	$ 3,826,767	$ 2,673	$ (448,681)	5,868,617	632	(1,596,474)
Beginning balance Shares at Mar. 31, 2024		267,310,000	(24,716,000)
Issuance of common stock	25,827	$ 1	$ 0	25,826	0	0
Issuance of common stock, shares		109,000
Stock-based compensation expense	9,560	$ 0	0	9,560	0	0
Dividends ($0.08 per share)	(19,615)					(19,615)
Treasury stock repurchased	(10,199)	0	$ (10,199)	0	0	0
Treasury stock repurchased, shares			(305,000)
Other comprehensive income (loss)	(16)	0	$ 0	0	(16)	0
Net income	28,704	0	0	0	0	28,704
Ending balance at Jun. 30, 2024	3,861,028	$ 2,674	$ (458,880)	5,904,003	616	(1,587,385)
Ending balance Shares at Jun. 30, 2024		267,419,000	(25,021,000)
Issuance of common stock	(12)	$ 0	$ 0	(12)	0	0
Issuance of common stock, shares		5,000
Stock-based compensation expense	9,725	$ 0	0	9,725	0	0
Dividends ($0.08 per share)	(19,358)					(19,358)
Treasury stock repurchased	(33,936)	0	$ (33,936)	0	0	0
Treasury stock repurchased, shares			(1,095,000)
Other comprehensive income (loss)	(16)	0	$ 0	0	(16)	0
Net income	50,656	0	0	0	0	50,656
Ending balance at Sep. 30, 2024	$ 3,868,087	$ 2,674	$ (492,816)	$ 5,913,716	$ 600	$ (1,556,087)
Ending balance Shares at Sep. 30, 2024	267,423,909	267,424,000	(26,116,000)

Income Per Common Share (Tables)

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Computations of Basic and Diluted Income (Loss) Per Common Share

Basic income or loss per share attributable to common shareholders is computed as (1) income or loss attributable to common shareholders (2) less income allocable to participating securities (3) divided by weighted average basic shares outstanding. Diluted income or loss per share attributable to common shareholders is computed as (1) basic income or loss attributable to common shareholders (2) plus diluted adjustments to income allocable to participating securities (3) divided by weighted average diluted shares outstanding. The following sets forth a reconciliation of income or loss to basic income or loss attributable to common shareholders to diluted income or loss attributable to common shareholders (in thousands, except per share amounts):


	Three Months Ended September 30,						Nine Months Ended September 30,
	2024			2023			2024			2023
Net income, as reported	$	50,656		$	49,430		$	171,498		$	561,108
Participating earnings (a)		(170	)		(632	)		(922	)		(10,868	)
Basic net income attributed to common shareholders		50,486			48,798			170,576			550,240
Reallocation of participating earnings (a)		1			4			5			106
Diluted net income attributed to common shareholders	$	50,487		$	48,802		$	170,581		$	550,346
Net income per common share:
Basic	$	0.21		$	0.20		$	0.71		$	2.30
Diluted	$	0.21		$	0.20		$	0.70		$	2.27


(a)	Restricted Stock Liability Awards represent participating securities because they participate in non-forfeitable dividends or distributions with common equity owners. Income allocable to participating securities represents the distributed and undistributed earnings attributable to the participating securities. Participating securities, however, do not participate in undistributed net losses.

Basic Weighted Average Common Shares Outstanding and Diluted Weighted Average Common Shares Outstanding

The following details weighted average common shares outstanding and diluted weighted average common shares outstanding (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Weighted average common shares outstanding – basic		240,865		241,338		240,832		239,455
Effect of dilutive securities:
Director and employee restricted stock and performance based equity awards		1,758		2,599		1,970		2,689
Weighted average common shares outstanding – diluted		242,623		243,937		242,802		242,144

Summary of Organization and Nature of Business	9 Months Ended
Summary of Organization and Nature of Business	Sep. 30, 2024
Industry-Specific Policies [Abstract]
Summary of Organization and Nature of Business	(1) SUMMARY OF ORGANIZATION AND NATURE OF BUSINESS Range Resources Corporation ("Range") is a Fort Worth, Texas-based independent natural gas, natural gas liquids (NGLs) and oil (predominately condensate referred to herein as "oil") company engaged in the exploration, development and acquisition of natural gas and liquids properties in the Appalachian region of the United States. Our objective is to build stockholder value through returns-focused development of our properties. Range is a Delaware corporation with our common stock listed and traded on the New York Stock Exchange under the symbol "RRC."

Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

Fair Value Hierarchy Table for Assets and Liabilities Measured at Fair Value

We use a market approach for our recurring fair value measurements and endeavor to use the best information available. The following tables present the fair value hierarchy for assets and liabilities measured at fair value, on a recurring basis (in thousands):


		Fair Value Measurements at September 30, 2024 using:
		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)			Total Carrying Value as of September 30, 2024
Trading securities held in the deferred compensation plan		$	63,201	$	—		$	—		$	63,201
Derivatives	–swaps		—		165,885			—			165,885
	–collars		—		25,701			—			25,701
	–three-way collars		—		15,792			—			15,792
	–basis swaps		—		(16,892	)		—			(16,892	)
	–swaptions		—		—			(9	)		(9	)


		Fair Value Measurements at December 31, 2023 using:
		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)			Total Carrying Value as of December 31, 2023
Trading securities held in the deferred compensation plan		$	71,989	$	—	$	—		$	71,989
Derivatives	–swaps		—		247,580		—			247,580
	–collars		—		152,540		—			152,540
	–three-way collars		—		25,406		—			25,406
	–basis swaps		—		18,277		—			18,277
	–swaptions		—		—		(1,161	)		(1,161	)

Reconciliation of the Beginning and Ending Balances for Derivative Instruments Classified as Level 3 in the Fair Value Hierarchy

The following is a reconciliation of the beginning and ending balances for derivative instruments classified as Level 3 in the fair value hierarchy (in thousands):


	Nine Months Ended September 30,
Balance at December 31, 2023	$	(1,161	)
Total gains included in earnings		—
Additions		(9	)
Settlements		1,161
Balance at September 30, 2024	$	(9	)

Carrying Amounts and Fair Values of Financial Instruments

The following presents the carrying amounts and the fair values of our financial instruments as of September 30, 2024 and December 31, 2023 (in thousands):


	September 30, 2024						December 31, 2023
	Carrying Value			Fair Value			Carrying Value			Fair Value
Assets:
Commodity derivatives	$	197,810		$	197,810		$	442,971		$	442,971
Marketable securities (a)		63,201			63,201			71,989			71,989
(Liabilities):
Commodity derivatives		(7,333	)		(7,333	)		(329	)		(329	)
Bank credit facility (b)		—			—			—			—
4.875% senior notes due 2025 (b)		(618,140	)		(615,383	)		(688,388	)		(679,363	)
8.25% senior notes due 2029 (b)		(600,000	)		(621,108	)		(600,000	)		(624,816	)
4.75% senior notes due 2030 (b)		(500,000	)		(482,360	)		(500,000	)		(463,085	)
Deferred compensation plan (c)		(87,019	)		(87,019	)		(117,125	)		(117,125	)

(a)

Marketable securities, which are held in our deferred compensation plans, are actively traded on major exchanges.

(b)

The book value of our bank debt approximates fair value because of its floating rate structure. The fair value of our senior notes is based on end of period market quotes which are Level 2 inputs.

(c)

The fair value of our deferred compensation plan is updated to the closing price on the balance sheet date, which is a Level 1 input.

Suspended Exploratory Well Costs - Schedule Of Changes In Capitalized Exploratory Well Costs (Detail)	9 Months Ended
	Sep. 30, 2024 USD ($)
Oil and Gas, Capitalized Exploratory Well Cost [Abstract]
Balance at beginning of period	$ 0
Additions to capitalized exploratory well costs pending the determination of proved reserves	14,680,000
Reclassifications to wells, facilities and equipment based on determination of proved reserves	0
Capitalized exploratory well costs, charged to expense	0
Balance at end of period	14,680,000
Less exploratory well costs that have been capitalized for a period of one year or less	14,680,000
Capitalized exploratory well costs that have been capitalized for a period greater than one year	$ 0

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Modified	false
Rule 10b5-1 Arrangement Modified	false

Revenues from Contracts with Customers (Tables)

9 Months Ended

Sep. 30, 2024

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue by Identified Revenue Stream

Revenue attributable to each of our identified revenue streams is disaggregated below (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Natural gas sales	$	234,139	$	246,976	$	715,266	$	913,915
NGLs sales		266,186		238,211		750,547		695,368
Oil sales		32,952		41,531		112,915		122,099
Total natural gas, NGLs and oil sales		533,277		526,718		1,578,728		1,731,382
Sales of purchased natural gas		28,692		40,267		80,518		154,361
Sales of purchased NGLs		660		937		4,847		1,605
Interest income		3,188		1,279		9,507		4,016
Other marketing revenue		2,092		2,129		6,315		11,602
Total	$	567,909	$	571,330	$	1,679,915	$	1,902,966

Income Per Common Share - Basic Weighted Average Common Shares Outstanding and Diluted Weighted Average Common Shares Outstanding (Detail) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Weighted Average Number of Shares Outstanding, Diluted [Abstract]
Weighted average common shares outstanding – basic	240,865	241,338	240,832	239,455
Effect of dilutive securities:
Director and employee restricted stock and performance based equity awards	1,758	2,599	1,970	2,689
Weighted average common shares outstanding – diluted	242,623	243,937	242,802	242,144

Fair Value Measurements - Carrying Amounts and Fair Values of Financial Instruments (Detail) - USD ($)
$ in Thousands

Sep. 30, 2024

Dec. 31, 2023

Reported Value Measurement

Assets:

Commodity derivatives

$ 197,810

$ 442,971

Marketable securities

^[1]

63,201

71,989

(Liabilities):

Commodity derivatives

(7,333)

(329)

Bank credit facility

^[2]

Deferred compensation plan

^[3]

(87,019)

(117,125)

Estimate of Fair Value Measurement

Assets:

Commodity derivatives

197,810

442,971

Marketable securities

^[1]

63,201

71,989

(Liabilities):

Commodity derivatives

(7,333)

(329)

Bank credit facility

^[2]

Deferred compensation plan

^[3]

(87,019)

(117,125)

4.875% Senior Notes Due 2025 | Reported Value Measurement

(Liabilities):

Senior notes

^[2]

(618,140)

(688,388)

4.875% Senior Notes Due 2025 | Estimate of Fair Value Measurement

(Liabilities):

Senior notes

^[2]

(615,383)

(679,363)

8.25% senior notes due 2029 | Reported Value Measurement

(Liabilities):

Senior notes

^[2]

(600,000)

8.25% senior notes due 2029 | Estimate of Fair Value Measurement

(Liabilities):

Senior notes

^[2]

(621,108)

(624,816)

4.75% senior subordinated notes due 2030 | Reported Value Measurement

(Liabilities):

Senior notes

^[2]

(500,000)

4.75% senior subordinated notes due 2030 | Estimate of Fair Value Measurement

(Liabilities):

Senior notes

^[2]

$ (482,360)

$ (463,085)

[1]	Marketable securities, which are held in our deferred compensation plans, are actively traded on major exchanges.
[2]	The book value of our bank debt approximates fair value because of its floating rate structure. The fair value of our senior notes is based on end of period market quotes which are Level 2 inputs.
[3]	The fair value of our deferred compensation plan is updated to the closing price on the balance sheet date, which is a Level 1 input.

Asset Retirement Obligations - Asset Retirement Obligations (Detail) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Asset Retirement Obligation [Abstract]
Beginning of period	$ 117,429	$ 109,851
Liabilities incurred	2,466	2,047
Liabilities settled	(4,619)	(3,039)
Accretion expense	5,382	6,000
Change in estimate	446	2,570
End of period	121,103	117,429
Less current portion	(2,395)	(2,395)
Long-term asset retirement obligations	$ 118,708	$ 115,034

Revenues from Contracts with Customers - Disaggregation of Revenue by Identified Revenue Stream (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Disaggregation of Revenue [Line Items]
Total Revenue	$ 567,909	$ 571,330	$ 1,679,915	$ 1,902,966
Natural Gas, NGLs and Oil Sales
Disaggregation of Revenue [Line Items]
Total Revenue	533,277	526,718	1,578,728	1,731,382
Natural Gas, NGLs and Oil Sales \| Natural gas sales
Disaggregation of Revenue [Line Items]
Total Revenue	234,139	246,976	715,266	913,915
Natural Gas, NGLs and Oil Sales \| NGLs sales
Disaggregation of Revenue [Line Items]
Total Revenue	266,186	238,211	750,547	695,368
Natural Gas, NGLs and Oil Sales \| Oil sales
Disaggregation of Revenue [Line Items]
Total Revenue	32,952	41,531	112,915	122,099
Brokered Natural Gas, Marketing and Other
Disaggregation of Revenue [Line Items]
Total Revenue	34,632	44,612	101,187	171,584
Brokered Natural Gas, Marketing and Other \| Natural gas sales
Disaggregation of Revenue [Line Items]
Total Revenue	28,692	40,267	80,518	154,361
Brokered Natural Gas, Marketing and Other \| NGLs sales
Disaggregation of Revenue [Line Items]
Total Revenue	660	937	4,847	1,605
Brokered Natural Gas, Marketing and Other \| Interest income
Disaggregation of Revenue [Line Items]
Total Revenue	3,188	1,279	9,507	4,016
Brokered Natural Gas, Marketing and Other \| Other marketing revenue
Disaggregation of Revenue [Line Items]
Total Revenue	$ 2,092	$ 2,129	$ 6,315	$ 11,602

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 4: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479941/924-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-4

+ Details

Indebtedness (Tables)

9 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

Debt Outstanding

We had the following debt outstanding as of the dates shown below (in thousands):


	September 30, 2024			December 31, 2023
Bank debt	$	—		$	—
Senior notes:
4.875% senior notes due 2025		618,140			688,388
8.25% senior notes due 2029		600,000			600,000
4.75% senior notes due 2030		500,000			500,000
Total senior notes		1,718,140			1,788,388
Unamortized debt issuance costs		(11,626	)		(14,159	)
Total debt, net of deferred financing costs		1,706,514			1,774,229
Less current maturities of long-term debt (a)		(617,383	)		—
Total long-term debt	$	1,089,131		$	1,774,229

(a) As of September 30, 2024, current maturities include $618.1 million principal amount of our 4.875% senior notes due 2025 ($617.4 million net of deferred financing costs).

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
-SubTopic 10
-Topic 210
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-3

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477734/942-470-50-3

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-8

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-6

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-7

+ Details

Derivative Activities - Derivative Volumes Hedged and Average Hedge Prices (Detail)	Sep. 30, 2024 BarrelsPerDay MmbtuPerDay $ / MMBTU $ / bbl
Natural Gas \| 2024 Commodity Contract \| Swaps
Derivative [Line Items]
Volume Hedged \| MmbtuPerDay	300,000
Weighted Average Hedge Price, Swap	4.21
Natural Gas \| 2024 Commodity Contract \| Collars
Derivative [Line Items]
Volume Hedged \| MmbtuPerDay	416,848
Weighted average price of hedge, Floor	3.49
Weighted average price of hedge, Ceiling	5.63
Natural Gas \| 2024 Commodity Contract \| Three Way Collars
Derivative [Line Items]
Volume Hedged \| MmbtuPerDay	133,152
Weighted Average Hedge Price, Sold Put	2.61
Weighted average price of hedge, Floor	3.36
Weighted average price of hedge, Ceiling	4.34
Natural Gas \| 2025 Commodity Contract \| Swaps
Derivative [Line Items]
Volume Hedged \| MmbtuPerDay	400,000
Weighted Average Hedge Price, Swap	4.12
Natural Gas \| 2025 Commodity Contract \| Three Way Collars
Derivative [Line Items]
Volume Hedged \| MmbtuPerDay	138,959
Weighted Average Hedge Price, Sold Put	2.52
Weighted average price of hedge, Floor	3.33
Weighted average price of hedge, Ceiling	4.93
Natural Gas \| 2026 Commodity Contract \| Swaps
Derivative [Line Items]
Volume Hedged \| MmbtuPerDay	100,000
Weighted Average Hedge Price, Swap	4.11
Natural Gas \| 2027 Commodity Contract \| Swaps
Derivative [Line Items]
Volume Hedged \| MmbtuPerDay	30,000
Weighted Average Hedge Price, Swap	4.1
Oil \| 2024 Commodity Contract \| Swaps
Derivative [Line Items]
Volume Hedged \| BarrelsPerDay	5,000
Weighted Average Hedge Price, Swap \| $ / bbl	81.35
NGLs (C3-Propane) \| 2024 Commodity Contract \| Swaps
Derivative [Line Items]
Volume Hedged \| BarrelsPerDay	7,000
Weighted Average Hedge Price, Swap \| $ / bbl	33.86

Stock-Based Compensation Plans

9 Months Ended

Sep. 30, 2024

Share-Based Payment Arrangement [Abstract]

Stock-based Compensation Plans

(12) STOCK-BASED COMPENSATION PLANS

Description of the Plans

We have two active equity-based stock plans: our Amended and Restated 2005 Equity-Based Incentive Compensation Plan and our Amended and Restated 2019 Equity-Based Compensation Plan. Under these plans, various awards may be issued to non-employee directors and employees pursuant to decisions of the Compensation Committee, which is composed of only non-employee, independent directors.

Total Stock-Based Compensation Expense

Stock-based compensation represents amortization of restricted stock and performance units. The following details the allocation of stock-based compensation to functional expense categories (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Direct operating expense	$	486	$	439	$	1,454	$	1,280
Brokered natural gas and marketing expense		571		483		1,862		1,604
Exploration expense		346		312		1,005		935
General and administrative expense		8,639		8,446		27,099		26,461
Total stock-based compensation expense	$	10,042	$	9,680	$	31,420	$	30,280

The mark-to-market adjustment of the liability related to the vested restricted stock Liability Awards held in our deferred compensation plan is directly tied to the change in our stock price and not directly related to the functional expenses and, therefore, is not allocated to the functional categories above.

Restricted Stock – Equity Awards

We grant restricted stock units and restricted stock under our equity-based stock compensation plans to our employees, which we refer to as restricted stock Equity Awards. The Equity Awards generally vest over a three-year period and typically are contingent on the recipient’s continued employment. The grant date fair value of the Equity Awards is based on the fair market value of our common stock on the date of grant. In 2023, we began granting restricted stock (previously placed in our deferred compensation plan) that vests at the end of a three-year period for certain officer grants and at the end of a one-year period for non-employee directors. Vesting is also typically based upon the officer's continued employment with us. Prior to vesting, recipients of restricted stock typically earn dividends payable in cash upon vesting but they have no voting rights prior to vesting. The Equity Awards are not issued until such time as they are vested and grantees receive the awards in stock. We recorded compensation expense for these outstanding Equity Awards of $26.5 million in first nine months 2024 compared to $23.4 million in the same period of 2023.

Restricted Stock – Liability Awards

The Compensation Committee also grants restricted stock to certain employees and non-employee directors of the board of directors as part of their compensation. Upon grant of these restricted shares, which we refer to as restricted stock Liability Awards, these shares are placed in our deferred compensation plan (see further discussion below) and, upon vesting, withdrawals are allowed in cash or in stock. Compensation expense is recognized over the vesting period, which is typically at the end of three years for employee grants and at the end of a one-year period for non-employee directors. In 2023, the number of shares granted into our deferred compensation plan was reduced in favor of restricted stock Equity Awards. All Liability Awards are issued at prevailing market prices at the time of the grant and the vesting is typically based upon an employee’s continued employment with us. Prior to vesting, Liability Award recipients typically earn dividends payable in cash upon vesting but they have no individual voting rights prior to vesting. These Liability Awards are classified as a liability and are re-measured at fair value each reporting period. This mark-to-market amount is reported in deferred compensation plan expense in the accompanying consolidated statements of income. We recorded compensation expense for these Liability Awards of $955,000 in first nine months 2024 compared to $3.3 million in first nine months 2023.

Stock-Based Performance Awards - (PSUs)

We have granted two types of performance share awards: one based on performance conditions measured against internal performance metrics and one based on market conditions measured based on Range’s performance relative to a predetermined peer group (TSR Awards). In first nine months 2024, only TSR Awards were granted.

Each unit granted represents one share of our common stock. These units are settled in stock and the amount of the payout is based on the vesting percentage, which can range from zero to 200% and (1) the internal performance metrics achieved, which is determined by the Compensation Committee and (2) for our TSR Awards, the value of our common stock compared to our peers. Dividend equivalents accrue during the performance period and are paid in stock at the end of the performance period. The performance period is three years.

Internal Performance Metric Awards. These awards are expensed ratably over the service period and vest at the end of the three-year performance period. The performance metrics are set by the Compensation Committee. If the performance metric for the applicable performance period is not met, that portion is considered forfeited and there is an adjustment to the expense recorded. We recorded compensation expense associated with the prior year grants of $921,000 in first nine months 2024 compared to expense of $1.8 million in first nine months 2023.

TSR Awards. These awards are earned, or not earned, based on the comparative performance of Range’s common stock measured against a predetermined group of companies in the peer group over a three-year performance period. The fair value of the TSR Awards is estimated on the date of grant using a Monte Carlo simulation model which utilizes multiple input variables that determine the probability of satisfying the market condition stipulated in the award grant and calculates the fair value of the award. The fair value is recognized as stock-based compensation expense over the three-year performance period. Expected volatilities utilized in the model were estimated using a combination of a historical period consistent with the remaining performance period of three years and option-implied volatilities. The risk-free interest rate was based on the United States Treasury rate for a term commensurate with the life of the grant. We recorded compensation expense of $2.9 million in first nine months 2024 compared to $1.3 million in the same period of 2023. Fair value is amortized over the performance period with no adjustment to the expense recorded for actual targets achieved. The following assumptions were used to estimate the fair value of the TSR Awards granted during first nine months 2024 and 2023:


	Nine Months Ended September 30,
	2024			2023
Risk-free interest rate		4.1	%		3.8	%
Expected annual volatility		56	%		61	%
Grant date fair value per unit	$	31.84		$	30.37

Equity and Liability Award Summary

The following is a summary of the activity for our restricted stock and performance awards for the nine months ended September 30, 2024 and 2023:


	Restricted Stock Equity Awards					Restricted Stock Liability Awards					Stock-Based Performance Awards
	Shares			Weighted Average Grant Date Fair Value		Shares			Weighted Average Grant Date Fair Value		Number of Units (a)			Weighted Average Grant Date Fair Value
Outstanding at December 31, 2023		1,473,805		$	22.82		93,116		$	19.44		937,582		$	17.01
Granted		1,282,971			30.45		15,609			32.74		254,195			31.84
Vested		(1,088,006	)		24.45		(73,678	)		19.88		(526,918	)		10.99
Forfeited		(13,424	)		27.24		—			—		—			—
Outstanding at September 30, 2024		1,655,346		$	27.63		35,047		$	24.42		664,859		$	27.45

Outstanding at December 31, 2022		1,736,688		$	14.44		379,633		$	14.71		1,950,632		$	9.02
Granted		1,626,670			25.09		21,170			25.41		145,747			26.86
Vested		(1,408,676	)		16.88		(251,063	)		14.11		(1,158,797	)		4.80
Forfeited		(29,546	)		17.73		—			—		—			—
Outstanding at September 30, 2023		1,925,136		$	21.60		149,740		$	17.22		937,582		$	17.01


(a)	Amounts granted reflect performance units initially granted. The actual payout will be between zero and 200% depending on achievement of either total stockholder return ranking compared to our peers over the performance period or on the achievement of internal performance targets.

Deferred Compensation Plan

Our deferred compensation plan gives non-employee directors and officers the ability to defer all or a portion of their salaries, bonuses or director fees and invest in Range common stock or make other investments at the individual’s discretion. Range provides a partial matching contribution to participating officers which generally vests at the end of three years. The assets of the plan are held in a grantor trust, which we refer to as the Rabbi Trust, and are therefore available to satisfy the claims of our general creditors in the event of bankruptcy or insolvency. Our common stock held in the Rabbi Trust is treated as a liability award as employees are allowed to take withdrawals from the Rabbi Trust either in cash or in Range stock. The liability for the vested portion of the stock held in the Rabbi Trust is reflected as deferred compensation liability in the accompanying consolidated balance sheets and is adjusted to fair value each reporting period by a charge or credit to deferred compensation plan expense on our consolidated statements of income. The assets of the Rabbi Trust, other than our common stock, are invested in marketable securities and reported at their market value as other assets in the accompanying consolidated balance sheets. The deferred compensation liability reflects the vested market value of the marketable securities and Range stock held in the Rabbi Trust. Changes in the market value of the marketable securities and changes in the fair value

of the deferred compensation plan liability are charged or credited to deferred compensation plan expense each quarter. We recorded a mark-to-market gain of $1.9 million in third quarter 2024 compared to a mark-to-market loss of $9.0 million in third quarter 2023. We recorded a mark-to-market loss of $5.7 million in first nine months 2024 compared to a mark-to-market loss of $29.5 million in first nine months 2023. The Rabbi Trust held 813,000 shares (778,000 vested shares) of Range common stock at September 30, 2024 compared to 1.6 million shares (1.5 million vested shares) at December 31, 2023.

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Allowance for doubtful accounts on accounts receivable	$ 308,000	$ 308,000
Preferred stock, par value	$ 1	$ 1
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	475,000,000	475,000,000
Common stock, shares issued	267,423,909	265,756,369
Common stock held in treasury, shares	26,116,065	24,716,065

Indebtedness - Senior Note Redemptions - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Debt Instrument [Line Items]
Gain on early extinguishment of debt	$ 11	$ 0	$ 254	$ 439
Senior Notes
Debt Instrument [Line Items]
Redemption price of notes as percentage of principal amount			101.00%
Four Point Eight Seven Five Percent Senior Notes Due Two Thousand Twenty Five [Member]
Debt Instrument [Line Items]
Repurchases of senior notes on the open market	$ 70,200	$ 61,600	$ 70,200	$ 61,600
Interest rate on notes	4.875%	4.875%	4.875%	4.875%	4.875%
Gain on early extinguishment of debt			$ 254,000	$ 439,000

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 55
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482949/835-30-55-8

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(f))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69C

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69F
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69F

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 26: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 27: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482900/835-30-50-1

+ Details

Fair Value Measurements - Carrying Amounts and Fair Values of Financial Instruments (Parenthetical) (Detail)	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
4.875% Senior Notes Due 2025
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Interest rate on notes	4.875%	4.875%	4.875%
8.25% senior notes due 2029
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Interest rate on notes	8.25%	8.25%
4.75% senior subordinated notes due 2030
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Interest rate on notes	4.75%	4.75%

Fair Value Measurements

9 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

Fair Value Measurements

(11) FAIR VALUE MEASUREMENTS

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. There are three approaches for measuring the fair value of assets and liabilities: the market approach, the income approach and the cost approach, each of which includes multiple valuation techniques. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities. The income approach uses valuation techniques to measure fair value by converting future amounts, such as cash flows or earnings, into a single present value amount using current market expectations about those future amounts. The cost approach is based on the amount that would currently be required to replace the service capacity of an asset. This is often referred to as current replacement cost. The cost approach assumes that the fair value would not exceed what it would cost a market participant to acquire or construct a substitute asset of comparable utility, adjusted for obsolescence.

The fair value accounting standards do not prescribe which valuation technique should be used when measuring fair value and does not prioritize among the techniques. These standards establish a fair value hierarchy that prioritizes the inputs used in applying the various valuation techniques. Inputs broadly refer to the assumptions that market participants use to make pricing decisions, including assumptions about risk. Level 1 inputs are given the highest priority in the fair value hierarchy while Level 3 inputs are given the lowest priority. The three levels of the fair value hierarchy are as follows:

•

Level 1 – Observable inputs that reflect unadjusted quoted prices for identical assets or liabilities in active markets as of the reporting date. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis.

•

Level 2 – Observable market-based inputs or unobservable inputs that are corroborated by market data. These are inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.

•

Level 3 – Unobservable inputs for which there is little, if any, market activity for the asset or liability being measured. These inputs reflect management’s best estimates of the assumptions market participants would use in determining fair value. Our Level 3 measurements consist of instruments using standard pricing models and other valuation methods that utilize unobservable pricing inputs that are significant to the overall fair value.

Valuation techniques that maximize the use of observable inputs are favored. Assets and liabilities are classified in their entirety based on the lowest priority level of input that is significant to the fair value measurement. The assessment of the significance of a particular input to the fair value measurement requires judgment and may affect the placement of assets and liabilities within the levels of the fair value hierarchy.

Fair Values – Recurring


		Fair Value Measurements at September 30, 2024 using:
		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)			Total Carrying Value as of September 30, 2024
Trading securities held in the deferred compensation plan		$	63,201	$	—		$	—		$	63,201
Derivatives	–swaps		—		165,885			—			165,885
	–collars		—		25,701			—			25,701
	–three-way collars		—		15,792			—			15,792
	–basis swaps		—		(16,892	)		—			(16,892	)
	–swaptions		—		—			(9	)		(9	)


		Fair Value Measurements at December 31, 2023 using:
		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)			Total Carrying Value as of December 31, 2023
Trading securities held in the deferred compensation plan		$	71,989	$	—	$	—		$	71,989
Derivatives	–swaps		—		247,580		—			247,580
	–collars		—		152,540		—			152,540
	–three-way collars		—		25,406		—			25,406
	–basis swaps		—		18,277		—			18,277
	–swaptions		—		—		(1,161	)		(1,161	)

Our trading securities in Level 1 are exchange-traded and measured at fair value with a market approach using end of period market values. Derivatives in Level 2 are measured at fair value with a market approach using third-party pricing services which have been corroborated with data from active markets or broker quotes. Derivatives in Level 3 are also measured at fair value with a market approach using third-party pricing services which have been corroborated with data from active markets or broker quotes. However, the subjectivity in the volatility factors utilized can cause a significant change in the fair value measurement and is considered a significant unobservable input. As of September 30, 2024, a portion of our natural gas instruments contain swaptions where the counterparty has the right, but not the obligation, to enter into a fixed price swap on a pre-determined date. If exercised, the swaption contract becomes a swap treated consistently with our fixed-price swaps. At September 30, 2024, we used a weighted average implied volatility of 17% for natural gas swaptions. The following is a reconciliation of the beginning and ending balances for derivative instruments classified as Level 3 in the fair value hierarchy (in thousands):


	Nine Months Ended September 30,
Balance at December 31, 2023	$	(1,161	)
Total gains included in earnings		—
Additions		(9	)
Settlements		1,161
Balance at September 30, 2024	$	(9	)

Trading securities. Our trading securities held in the deferred compensation plan are accounted for using the mark-to-market accounting method and are included in other assets in the accompanying consolidated balance sheets. We elected to adopt the fair value option to simplify our accounting for the investments in our deferred compensation plan. Interest, dividends, and mark-to-market gains or losses are included in deferred compensation plan expense in the accompanying consolidated statements of income. For third quarter 2024, interest and dividends were $261,000 and the mark-to-market adjustment was a gain of $3.2 million compared to interest and dividends of $331,000 and a mark-to-market loss of $3.5 million in third quarter 2023. For first nine months 2024, interest and dividends were $739,000 and the mark-to-market adjustment was a gain of $8.1 million compared to interest and dividends of $945,000 and a mark-to-market gain of $2.2 million in first nine months 2023.

Fair Values - Non-recurring

Certain assets are measured at fair value on a non-recurring basis. These assets are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances. Our proved natural gas and oil properties are reviewed for impairment periodically as events or changes in circumstances indicate the carrying amount may not be recoverable. There were no proved property impairment charges in third quarter or first nine months 2024 or 2023.

Fair Values – Reported

The following presents the carrying amounts and the fair values of our financial instruments as of September 30, 2024 and December 31, 2023 (in thousands):


	September 30, 2024						December 31, 2023
	Carrying Value			Fair Value			Carrying Value			Fair Value
Assets:
Commodity derivatives	$	197,810		$	197,810		$	442,971		$	442,971
Marketable securities (a)		63,201			63,201			71,989			71,989
(Liabilities):
Commodity derivatives		(7,333	)		(7,333	)		(329	)		(329	)
Bank credit facility (b)		—			—			—			—
4.875% senior notes due 2025 (b)		(618,140	)		(615,383	)		(688,388	)		(679,363	)
8.25% senior notes due 2029 (b)		(600,000	)		(621,108	)		(600,000	)		(624,816	)
4.75% senior notes due 2030 (b)		(500,000	)		(482,360	)		(500,000	)		(463,085	)
Deferred compensation plan (c)		(87,019	)		(87,019	)		(117,125	)		(117,125	)

(a)

Marketable securities, which are held in our deferred compensation plans, are actively traded on major exchanges.

(b)

The book value of our bank debt approximates fair value because of its floating rate structure. The fair value of our senior notes is based on end of period market quotes which are Level 2 inputs.

(c)

The fair value of our deferred compensation plan is updated to the closing price on the balance sheet date, which is a Level 1 input.

Our current assets and liabilities include financial instruments, the most significant of which are trade accounts receivable and payable. We believe the carrying values of our current assets and liabilities approximate fair value. Our fair value assessment incorporates a variety of considerations, including (1) the short-term duration of the instruments and (2) our historical and expected incurrence of bad debt expense. Non-financial liabilities initially measured at fair value include asset retirement obligations, operating lease liabilities and the divestiture contract obligation that we incurred in conjunction with the sale of our North Louisiana assets.

Concentrations of Credit Risk

As of September 30, 2024, our primary concentrations of credit risk are the risks of not collecting accounts receivable and the risk of a counterparty’s failure to perform under derivative obligations. Most of our receivables are from a diverse group of companies, including major energy companies, pipeline companies, local distribution companies, financial institutions and end-users in various industries. Letters of credit or other appropriate assurances are obtained as deemed necessary to limit our risk of loss. Our allowance for uncollectible receivables was $308,000 at September 30, 2024 and $308,000 at December 31, 2023. Our derivative exposure to credit risk is diversified primarily among major investment grade financial institutions, where we have master netting agreements which provide for offsetting payables against receivables from separate derivative contracts. To manage counterparty risk associated with our derivatives, we select and monitor our counterparties based on our assessment of their financial strength and/or credit ratings. We may also limit the level of exposure with any single counterparty. Counterparty credit risk is considered when determining the fair value of our derivative contracts. While our counterparties are primarily major investment grade financial institutions, the fair value of our derivative contracts has been adjusted to account for the risk of non-performance by certain of our counterparties, which was immaterial. At September 30, 2024, our derivative counterparties include fifteen financial institutions, of which ten are secured lenders in our bank credit facility. At September 30, 2024, our net derivative position includes an aggregate net payable of $5.8 million from the five counterparties not included in our bank credit facility.

Allowance for Expected Credit Losses. Each reporting period, we assess the recoverability of material receivables using historical data, current market conditions and reasonable and supported forecasts of future economic conditions to determine their expected collectability. The loss given default method is used when, based on management’s judgment, an allowance for expected credit losses should be accrued on a material receivable to reflect the net amount to be collected.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 107
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 940
-SubTopic 820
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

+ Details

Stock-Based Compensation Plans - Valuation Assumptions for Grant Date Fair Value of Performance Awards (Detail) - Performance Shares - $ / shares	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Risk-free interest rate	4.10%	3.80%
Expected annual volatility	56.00%	61.00%
Grant date fair value per unit	$ 31.84	$ 30.37

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 1D
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480483/718-10-35-1D

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480483/718-10-35-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(01)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(02)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(03)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(01)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(02)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(03)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iv)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(v)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Capitalized Costs and Accumulated Depreciation, Depletion and Amortization (Tables)

9 Months Ended

Sep. 30, 2024

Extractive Industries [Abstract]

Capitalized Costs and Accumulated Depreciation, Depletion and Amortization


	September 30, 2024			December 31, 2023
	(in thousands)
Natural gas properties:
Properties subject to depletion	$	10,898,172		$	10,435,611
Unproved properties		816,846			789,871
Total		11,715,018			11,225,482
Accumulated depletion and depreciation		(5,366,182	)		(5,107,801	)
Net capitalized costs	$	6,348,836		$	6,117,681

(a)

Includes capitalized asset retirement costs and the associated accumulated amortization.

Stock-Based Compensation Plans - Allocation of Stock-Based Compensation by Functional Category (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 10,042	$ 9,680	$ 31,420	$ 30,280
Direct Operating Expense
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Stock-based compensation expense	486	439	1,454	1,280
Brokered Natural Gas and Marketing Expense
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Stock-based compensation expense	571	483	1,862	1,604
Exploration Expense
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Stock-based compensation expense	346	312	1,005	935
General and Administrative Expense
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 8,639	$ 8,446	$ 27,099	$ 26,461

Stock-Based Compensation Plans - Restricted Stock and Restricted Stock Units and Performance Awards Outstanding (Parenthetical) (Detail) - Stock-Based Performance Awards	9 Months Ended
	Sep. 30, 2024
Minimum
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Potential payout of shares granted	0.00%
Maximum
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Potential payout of shares granted	200.00%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Stock-Based Compensation Plans (Tables)

9 Months Ended

Sep. 30, 2024

Allocation of Stock-Based Compensation by Functional Category

The following details the allocation of stock-based compensation to functional expense categories (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Direct operating expense	$	486	$	439	$	1,454	$	1,280
Brokered natural gas and marketing expense		571		483		1,862		1,604
Exploration expense		346		312		1,005		935
General and administrative expense		8,639		8,446		27,099		26,461
Total stock-based compensation expense	$	10,042	$	9,680	$	31,420	$	30,280

Schedule of Share Based Payment Award Performance Stock Awards Valuation Assumptions

The following assumptions were used to estimate the fair value of the TSR Awards granted during first nine months 2024 and 2023:


	Nine Months Ended September 30,
	2024			2023
Risk-free interest rate		4.1	%		3.8	%
Expected annual volatility		56	%		61	%
Grant date fair value per unit	$	31.84		$	30.37

Restricted Stock and Restricted Stock Units and Performance Awards Outstanding

The following is a summary of the activity for our restricted stock and performance awards for the nine months ended September 30, 2024 and 2023:


	Restricted Stock Equity Awards					Restricted Stock Liability Awards					Stock-Based Performance Awards
	Shares			Weighted Average Grant Date Fair Value		Shares			Weighted Average Grant Date Fair Value		Number of Units (a)			Weighted Average Grant Date Fair Value
Outstanding at December 31, 2023		1,473,805		$	22.82		93,116		$	19.44		937,582		$	17.01
Granted		1,282,971			30.45		15,609			32.74		254,195			31.84
Vested		(1,088,006	)		24.45		(73,678	)		19.88		(526,918	)		10.99
Forfeited		(13,424	)		27.24		—			—		—			—
Outstanding at September 30, 2024		1,655,346		$	27.63		35,047		$	24.42		664,859		$	27.45

Outstanding at December 31, 2022		1,736,688		$	14.44		379,633		$	14.71		1,950,632		$	9.02
Granted		1,626,670			25.09		21,170			25.41		145,747			26.86
Vested		(1,408,676	)		16.88		(251,063	)		14.11		(1,158,797	)		4.80
Forfeited		(29,546	)		17.73		—			—		—			—
Outstanding at September 30, 2023		1,925,136		$	21.60		149,740		$	17.22		937,582		$	17.01


(a)	Amounts granted reflect performance units initially granted. The actual payout will be between zero and 200% depending on achievement of either total stockholder return ranking compared to our peers over the performance period or on the achievement of internal performance targets.

Basis of Presentation (Policies)

9 Months Ended

Sep. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

New Accounting Standards

Not Yet Adopted

There were no issued or pending accounting standards in third quarter 2024 that are expected to have a material impact on our consolidated financial statements.

Indebtedness - Additional Information (Detail) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Debt Disclosure [Abstract]
Interest capitalized during the period	$ 0	$ 0

New Accounting Standards	9 Months Ended
New Accounting Standards	Sep. 30, 2024
Accounting Standards Update and Change in Accounting Principle [Abstract]
New Accounting Standards	(3) NEW ACCOUNTING STANDARDS Not Yet Adopted There were no issued or pending accounting standards in third quarter 2024 that are expected to have a material impact on our consolidated financial statements.

- Definition

The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476173/280-10-65-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 7
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479343/105-10-65-7

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 848
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483550/848-10-65-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 848
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483550/848-10-65-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 848
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (e)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483550/848-10-65-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480016/944-40-65-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480016/944-40-65-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480016/944-40-65-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(2)(iv)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480016/944-40-65-2

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (h)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480016/944-40-65-2

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 5
-Subparagraph (SAB Topic 11.M.Q2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480530/250-10-S99-5

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (i)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480528/815-20-65-6

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (e)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479654/326-10-65-4

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (e)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479654/326-10-65-4

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 926
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (f)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483194/926-20-65-2

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 926
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (f)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483194/926-20-65-2

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 926
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (f)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483194/926-20-65-2

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480530/250-10-S99-6

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 250
-Publisher FASB
-URI https://asc.fasb.org/250/tableOfContent

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (e)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

+ Details

Supplemental Cash Flow Information

9 Months Ended

Sep. 30, 2024

Supplemental Cash Flow Elements [Abstract]

Supplemental Cash Flow Information

(15) SUPPLEMENTAL CASH FLOW INFORMATION


	Nine Months Ended September 30,
	2024			2023
	(in thousands)
Net cash provided from operating activities included:
Income taxes refunded from or (paid to) taxing authorities	$	861		$	(2,200	)
Interest paid		(95,684	)		(100,151	)
Non-cash investing activities included:
Increase in asset retirement costs capitalized		2,912			2,377
Increase in accrued capital expenditures		22,830			27,818

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023
Statement of Stockholders' Equity [Abstract]
Dividends per share	$ 0.08	$ 0.08	$ 0.08	$ 0.08	$ 0.08	$ 0.08

Stock-Based Compensation Plans - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2024 Plans
Share-Based Payment Arrangement [Abstract]
Active equity-based stock plans	2

Exit Costs - Additional Information (Detail) - USD ($)	9 Months Ended
Exit Costs - Additional Information (Detail) - USD ($)	Sep. 30, 2024	Sep. 30, 2023
North Louisiana
Restructuring Cost And Reserve [Line Items]
Accretion Expense	$ 30,000,000	$ 31,600,000
Exit and termination costs	2,100,000	$ 39,800,000
Exit cost	356,100,000
Pennsylvania \| Capacity Releases on Transportation Pipelines
Restructuring Cost And Reserve [Line Items]
Exit cost	$ 495,000

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Derivative Activities (Tables)

9 Months Ended

Sep. 30, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Volumes Hedged and Average Hedge Prices

The following table sets forth our commodity-based derivative volumes by year as of September 30, 2024, excluding our basis swaps which are discussed separately below:


Period	Contract Type	Volume Hedged		Weighted Average Hedge Price
			Swap			Sold Put		Floor		Ceiling
Natural Gas (a)
2024	Swaps	300,000 Mmbtu/day	$		4.21
2024	Collars	416,848 Mmbtu/day						$	3.49	$	5.63
2024	Three-way Collars	133,152 Mmbtu/day				$	2.61	$	3.36	$	4.34
2025	Swaps	400,000 Mmbtu/day	$		4.12
2025	Three-way Collars	138,959 Mmbtu/day				$	2.52	$	3.33	$	4.93
2026	Swaps	100,000 Mmbtu/day	$		4.11
2027	Swaps	30,000 Mmbtu/day	$		4.10

Oil
2024	Swaps	5,000 bbls/day	$		81.35

NGLs (C3-Propane)
2024	Swaps	7,000 bbls/day	$		33.86


(a)	We also sold natural gas swaptions of 20,000 Mmbtu/day for calendar year 2026 at a weighted average price of $4.05/Mmbtu that expire in October 2024 and 30,000 Mmbtu/day for calendar year 2027 at a weighted price of $4.10/Mmbtu that expire in October 2024.

Combined Fair Value of Derivatives, by Consolidated Balance Sheets

The combined fair value of derivatives included in the accompanying consolidated balance sheets as of September 30, 2024 and December 31, 2023 is summarized below. The assets and liabilities are netted where derivatives with both gain and loss positions are held by a single counterparty and we have master netting arrangements. The tables below provide additional information relating to our master netting arrangements with our derivative counterparties (in thousands):


	September 30, 2024			December 31, 2023
Derivative assets:
Gross amounts of recognized assets	$	215,587		$	452,378
Gross amounts offset in the consolidated balance sheets		(17,777	)		(9,407	)
Net amounts of assets presented in the consolidated balance sheets	$	197,810		$	442,971


	September 30, 2024			December 31, 2023
Derivative (liabilities):
Gross amounts of recognized (liabilities)	$	(25,110	)	$	(9,736	)
Gross amounts offset in the consolidated balance sheets		17,777			9,407
Net amounts of (liabilities) presented in the consolidated balance sheets	$	(7,333	)	$	(329	)

Effects of Derivatives on Consolidated Statements of Income

The effects of our derivatives on our consolidated statements of income are summarized below (in thousands):



	Three Months Ended September 30,						Nine Months Ended September 30,
	2024			2023			2024			2023

Commodity swaps	$	54,003		$	14,513		$	85,964		$	266,672
Swaptions		2,019			57			1,152			(2,435	)
Three-way collars		7,059			7,071			15,802			63,285
Collars		19,589			12,566			45,476			184,924
Basis swaps		(35,546	)		4,977			(37,864	)		23,379
Divestiture contingent consideration		—			(790	)		—			(5,730	)
Total derivative fair value income	$	47,124		$	38,394		$	110,530		$	530,095

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References + Details

Suspended Exploratory Well Costs (Tables)

9 Months Ended

Sep. 30, 2024

Oil and Gas, Capitalized Exploratory Well Cost [Abstract]

Schedule Of Changes In Capitalized Exploratory Well Costs

The following table reflects the changes in capitalized exploratory well costs for the nine months ended September 30, 2024 (in thousands):


	Nine Months Ended September 30, 2024

Balance at beginning of period	$	—
Additions to capitalized exploratory well costs pending the determination of proved reserves		14,680
Reclassifications to wells, facilities and equipment based on determination of proved reserves		—
Capitalized exploratory well costs, charged to expense		—
Balance at end of period	$	14,680
Less exploratory well costs that have been capitalized for a period of one year or less	$	14,680
Capitalized exploratory well costs that have been capitalized for a period greater than one year	$	—

Capital Stock - Additional Information (Detail) - USD ($) $ in Millions	1 Months Ended	3 Months Ended	9 Months Ended
	Jul. 31, 2024	Sep. 30, 2024	Sep. 30, 2024	Dec. 31, 2023
Class of Stock [Line Items]
Authorized capital stock		485,000,000	485,000,000
Common stock, shares authorized		475,000,000	475,000,000	475,000,000
Preferred stock, shares authorized		10,000,000	10,000,000	10,000,000
Preferred stock, shares issued		0	0	0
Stock repurchase program, authorized amount		$ 1,000.0	$ 1,000.0
Shares repurchased	295,129	1,095,129	1,400,000
Share repurchase, aggregate cost	$ 9.9	$ 33.9	$ 33.9

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef
-Topic 272
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483014/272-10-45-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 272
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482987/272-10-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(27)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(2)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(2)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

+ Details

- Definition

Number of shares that have been repurchased during the period and have not been retired and are not held in treasury. Some state laws may govern the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.

+ References + Details

Costs Incurred for Property Acquisition, Exploration and Development (Tables)

9 Months Ended

Sep. 30, 2024

Extractive Industries [Abstract]

Costs Incurred for Property Acquisition, Exploration and Development


	Nine Months Ended September 30, 2024		Year Ended December 31, 2023
	(in thousands)
Acquisitions:
Acreage purchases	$	37,743	$	40,067
Development		444,637		568,484
Exploration:
Drilling		14,680		—
Expense		17,506		25,280
Stock-based compensation expense		1,005		1,250
Gas gathering facilities:
Development		2,425		3,123
Subtotal		517,996		638,204
Asset retirement obligations		2,912		4,616
Total costs incurred	$	520,908	$	642,820

(a) Includes costs incurred whether capitalized or expensed.

Stock-Based Compensation Plans - Additional Information 1 (Detail) - Restricted Stock Equity Awards - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period	3 years
Stock-based compensation expense	$ 26.5	$ 23.4
Officer
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period	3 years
Non Employee Directors
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period	1 year

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Capital Stock - Schedule of Change in Treasury Shares (Detail) - shares	1 Months Ended	3 Months Ended	9 Months Ended
	Jul. 31, 2024	Sep. 30, 2024	Sep. 30, 2024
Stockholders' Equity Note [Abstract]
Beginning balance	25,020,936	25,020,936	24,716,065
Rabbi trust shares distributed/sold		0	0
Shares repurchased	295,129	1,095,129	1,400,000
Ending balance		26,116,065	26,116,065

- Definition

+ References + Details

Supplemental Cash Flow Information - Supplemental Cash Flow Information (Detail) - USD ($)
$ in Thousands

9 Months Ended

12 Months Ended

Sep. 30, 2024

Sep. 30, 2023

Dec. 31, 2023

^[1]

Net cash provided from operating activities included:

Income taxes refunded from or (paid to) taxing authorities

$ 861

Income taxes refunded from or (paid to) taxing authorities

$ (2,200)

Interest paid

(95,684)

(100,151)

Non-cash investing activities included:

Increase in asset retirement costs capitalized

2,912

^[1]

2,377

$ 4,616

Increase in accrued capital expenditures

$ 22,830

$ 27,818

[1]	(a) Includes costs incurred whether capitalized or expensed.

Indebtedness

9 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

Indebtedness

(8) INDEBTEDNESS

We had the following debt outstanding as of the dates shown below (in thousands):


	September 30, 2024			December 31, 2023
Bank debt	$	—		$	—
Senior notes:
4.875% senior notes due 2025		618,140			688,388
8.25% senior notes due 2029		600,000			600,000
4.75% senior notes due 2030		500,000			500,000
Total senior notes		1,718,140			1,788,388
Unamortized debt issuance costs		(11,626	)		(14,159	)
Total debt, net of deferred financing costs		1,706,514			1,774,229
Less current maturities of long-term debt (a)		(617,383	)		—
Total long-term debt	$	1,089,131		$	1,774,229

(a) As of September 30, 2024, current maturities include $618.1 million principal amount of our 4.875% senior notes due 2025 ($617.4 million net of deferred financing costs).

No interest was capitalized during the nine months ended September 30, 2024 or the year ended December 31, 2023.

Bank Debt

In April 2022, we entered into an amended and restated revolving bank facility, which we refer to as our bank debt or our bank credit facility, which is secured by substantially all of our assets and has a maturity date of April 14, 2027. The bank credit facility provides for a maximum facility amount of $4.0 billion and an initial borrowing base of $3.0 billion. The bank credit facility also provides for a borrowing base subject to re-determinations, including event-driven unscheduled re-determinations. As of September 30, 2024, our bank group was composed of seventeen financial institutions. The borrowing base may be increased or decreased based on our request and sufficient proved reserves, as determined by the bank group. The commitment amount may be increased to the borrowing base, subject to payment of a mutually acceptable commitment fee to those banks agreeing to participate in the facility increase. Borrowings under the bank credit facility can either be at the alternate base rate (ABR, as defined in the bank credit facility agreement) plus a spread ranging from 0.75% to 1.75% or at the secured overnight financing rate (SOFR, as defined in the bank credit facility agreement) plus a spread ranging from 1.75% to 2.75%. The applicable spread is dependent upon borrowings relative to the borrowing base. We may elect, from time to time, to convert all or any part of our SOFR loans to base rate loans or to convert all or any part of the base rate loans to SOFR loans. We had no outstanding balance on our bank credit facility during first nine months 2024. The weighted average interest rate was 8.4% for first nine months 2023. A commitment fee is paid on the undrawn balance based on an annual rate of 0.375% to 0.50%. At September 30, 2024, the commitment fee was 0.375% and the interest rate margin was 0.75% on our ABR loans and 1.75% on our SOFR loans.

As part of our re-determination completed in October 2024, our borrowing base was reaffirmed at $3.0 billion and our bank commitment was also reaffirmed at $1.5 billion. On September 30, 2024, we had no outstanding borrowings on our bank credit facility. We had $169.4 million of undrawn letters of credit, leaving $1.3 billion of committed borrowing capacity available under the facility.

Senior Note Redemptions

If we experience a change of control, noteholders may require us to repurchase all or a portion of our senior notes at 101% of the aggregate principal amount plus accrued and unpaid interest, if any. We currently intend to retire our outstanding long-term debt as it matures, is callable or when market conditions are favorable to repurchase through privately negotiated transactions, open market repurchases, redemptions or otherwise.

During the nine months ended September 30, 2024, we repurchased in the open market $70.2 million principal amount of our 4.875% senior notes due 2025 at a discount. We recognized a gain on early extinguishment of debt for these transactions of $254,000, net of remaining deferred financing costs on the repurchased debt. During the nine months ended September 30, 2023, we repurchased in the open market $61.6 million principal amount of our 4.875% senior notes due 2025 at a discount. We recognized a gain on early extinguishment of debt of $439,000, net of the remaining deferred financing costs on the repurchased debt.

Guarantees

Range is a holding company that owns no operating assets and has no significant operations independent of its subsidiaries. The guarantees by our subsidiaries, which are directly or indirectly owned by Range, of our senior notes and our bank credit facility are full and unconditional and joint and several, subject to certain customary release provisions. The assets, liabilities and results of operations of Range and our guarantor subsidiaries are not materially different than our consolidated financial statements. A subsidiary guarantor may be released from its obligations under the guarantee:

•

in the event of a sale or other disposition of all or substantially all of the assets of the subsidiary guarantor or a sale or other disposition of all the capital stock of the subsidiary guarantor, to any corporation or other person (including an unrestricted subsidiary of Range) by way of merger, consolidation, or otherwise; or

•

if Range designates any restricted subsidiary that is a guarantor to be an unrestricted subsidiary in accordance with the terms of the indenture.

Debt Covenants

Our bank credit facility contains negative covenants that limit our ability, among other things, to pay cash dividends, incur additional indebtedness, sell assets, enter into certain hedging contracts, change the nature of our business or operations, merge, consolidate or make certain investments. We are required to maintain a maximum consolidated debt to EBITDAX ratio (as defined in the bank credit facility agreement) of 3.75x and a minimum current ratio (as defined in the bank credit facility agreement) of 1.0x. We were in compliance with applicable covenants under the bank credit facility at September 30, 2024.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/470/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

+ Details

Capital Stock (Tables)

9 Months Ended

Sep. 30, 2024

Equity [Abstract]

Schedule of Changes in Number of Common Shares Outstanding

The following is a schedule of changes in the number of common shares outstanding since the beginning of 2023:


	Nine Months Ended September 30, 2024			Year Ended December 31, 2023
Beginning balance		241,040,304			238,885,730
Restricted stock grants		15,609			50,238
Restricted stock units vested		1,189,700			1,755,345
Performance stock units issued		455,317			1,057,245
Performance stock dividends		6,914			6,276
Treasury shares		(1,400,000	)		(714,530	)
Ending balance		241,307,844			241,040,304

Schedule of Change in Treasury Shares

The following is a schedule of the change in treasury shares based on settlement date for the three and nine months ended September 30, 2024:


	Three Months Ended September 30, 2024		Nine Months Ended September 30, 2024
Beginning balance		25,020,936		24,716,065
Rabbi trust shares distributed/sold		—		—
Shares repurchased		1,095,129		1,400,000
Ending balance		26,116,065		26,116,065

Asset Retirement Obligations

9 Months Ended

Sep. 30, 2024

Asset Retirement Obligation Disclosure [Abstract]

Asset Retirement Obligations

(9) ASSET RETIREMENT OBLIGATIONS

Our asset retirement obligations primarily represent the estimated present value of the amounts we will incur to plug, abandon and remediate our producing properties at the end of their productive lives. Significant inputs used in determining such obligations include estimates of plugging and abandonment costs, estimated future inflation rates and well lives. The inputs are calculated based on historical data as well as current estimated costs. A reconciliation of our liability for plugging and abandonment costs for the nine months ended September 30, 2024 and the year ended December 31, 2023 is as follows (in thousands):


	Nine Months Ended September 30, 2024			Year Ended December 31, 2023
Beginning of period	$	117,429		$	109,851
Liabilities incurred		2,466			2,047
Liabilities settled		(4,619	)		(3,039	)
Accretion expense		5,382			6,000
Change in estimate		446			2,570
End of period		121,103			117,429
Less current portion		(2,395	)		(2,395	)
Long-term asset retirement obligations	$	118,708		$	115,034

Accretion expense is recognized as a component of depreciation, depletion and amortization expense in the accompanying consolidated statements of income.

Revenues from Contracts with Customers

9 Months Ended

Sep. 30, 2024

Revenue from Contract with Customer [Abstract]

Revenues from Contracts with Customers

(4) REVENUES FROM CONTRACTS WITH CUSTOMERS

Disaggregation of Revenue

We have three material revenue streams in our business: natural gas sales, NGLs sales and oil sales. Brokered revenue attributable to each product sales type is included here because the volume of product that we purchase is subsequently sold to separate counterparties in accordance with existing sales contracts under which we also sell our production. Other marketing revenue for the nine months ended September 30, 2023 includes the receipt of $5.1 million in make-whole payments. Accounts receivable attributable to our revenue contracts with customers was $177.1 million at September 30, 2024 and $263.9 million at December 31, 2023. Revenue attributable to each of our identified revenue streams is disaggregated below (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Natural gas sales	$	234,139	$	246,976	$	715,266	$	913,915
NGLs sales		266,186		238,211		750,547		695,368
Oil sales		32,952		41,531		112,915		122,099
Total natural gas, NGLs and oil sales		533,277		526,718		1,578,728		1,731,382
Sales of purchased natural gas		28,692		40,267		80,518		154,361
Sales of purchased NGLs		660		937		4,847		1,605
Interest income		3,188		1,279		9,507		4,016
Other marketing revenue		2,092		2,129		6,315		11,602
Total	$	567,909	$	571,330	$	1,679,915	$	1,902,966

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-15

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

+ Details

CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands

Sep. 30, 2024

Dec. 31, 2023

Current assets:

Cash and cash equivalents

$ 277,450

$ 211,974

Accounts receivable, less allowance for doubtful accounts of $308 in 2024 and 2023

181,143

274,669

Contingent consideration receivable

8,000

Derivative assets

160,321

341,330

Prepaid assets

18,815

18,159

Other current assets

17,812

15,992

Total current assets

655,541

870,124

Derivative assets

37,489

101,641

Natural gas properties, successful efforts method

^[1]

11,715,018

11,225,482

Accumulated depletion and depreciation

^[1]

(5,366,182)

(5,107,801)

Natural gas and oil properties, successful efforts method, net

^[1]

6,348,836

6,117,681

Other property and equipment

72,072

72,639

Accumulated depreciation and amortization

(69,988)

(70,943)

Other Property and equipment, net

2,084

1,696

Operating lease right-of-use assets

118,988

23,821

Other assets

78,365

88,922

Total assets

7,241,303

7,203,885

Current liabilities:

Accounts payable

96,894

110,134

Asset retirement obligations

2,395

Accrued liabilities

273,317

290,579

Deferred compensation liabilities

24,136

44,149

Accrued interest

27,023

37,261

Derivative liabilities

6,649

222

Operating lease liabilities

91,363

11,584

Divestiture contract obligation

84,744

86,762

Less current maturities of long-term debt

^[2]

617,383

Total current liabilities

1,223,904

583,086

Senior notes

1,089,131

1,774,229

Deferred tax liabilities

571,095

561,288

Derivative liabilities

684

107

Deferred compensation liabilities

62,883

72,976

Operating lease liabilities

30,811

16,064

Asset retirement obligations and other liabilities

123,406

119,896

Divestiture contract obligation

271,302

310,688

Total liabilities

3,373,216

3,438,334

Commitments and contingencies

Stockholders’ Equity

Preferred stock, $1 par, 10,000,000 shares authorized, none issued and outstanding

Common stock, $0.01 par, 475,000,000 shares authorized, 267,423,909 issued at September 30, 2024 and 265,756,369 shares at December 31, 2023

2,674

2,658

Common stock held in treasury, at cost, 26,116,065 shares at September 30, 2024 and 24,716,065 shares at December 31, 2023

(492,816)

(448,681)

Additional paid-in capital

5,913,716

5,879,705

Accumulated other comprehensive income

600

647

Retained deficit

(1,556,087)

(1,668,778)

Total stockholders' equity

3,868,087

3,765,551

Total liabilities and stockholders’ equity

$ 7,241,303

$ 7,203,885

[1]	Includes capitalized asset retirement costs and the associated accumulated amortization.
[2]	As of September 30, 2024, current maturities include $618.1 million principal amount of our 4.875% senior notes due 2025 ($617.4 million net of deferred financing costs).

Stock-Based Compensation Plans - Additional Information 2 (Detail) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Restricted Stock Equity Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense	$ 26,500,000	$ 23,400,000
Restricted Stock Liability Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense	$ 955,000	$ 3,300,000

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Derivative Activities - Effects of Derivatives on Consolidated Statements of Income (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Derivative [Line Items]
Derivative Fair Value Income	$ 47,124	$ 38,394	$ 110,530	$ 530,095
Contingent Consideration
Derivative [Line Items]
Derivative Fair Value Income	0	(790)	0	(5,730)
Swaptions
Derivative [Line Items]
Derivative Fair Value Income	2,019	57	1,152	(2,435)
Three Way Collars
Derivative [Line Items]
Derivative Fair Value Income	7,059	7,071	15,802	63,285
Collars
Derivative [Line Items]
Derivative Fair Value Income	19,589	12,566	45,476	184,924
Basis Swaps
Derivative [Line Items]
Derivative Fair Value Income	(35,546)	4,977	(37,864)	23,379
Commodity \| Swaps
Derivative [Line Items]
Derivative Fair Value Income	$ 54,003	$ 14,513	$ 85,964	$ 266,672

Capitalized Costs and Accumulated Depreciation, Depletion and Amortization

9 Months Ended

Sep. 30, 2024

Extractive Industries [Abstract]

Capitalized Costs and Accumulated Depreciation, Depletion and Amortization

(7) Capitalized Costs and Accumulated Depreciation, Depletion and Amortization (a)


	September 30, 2024			December 31, 2023
	(in thousands)
Natural gas properties:
Properties subject to depletion	$	10,898,172		$	10,435,611
Unproved properties		816,846			789,871
Total		11,715,018			11,225,482
Accumulated depletion and depreciation		(5,366,182	)		(5,107,801	)
Net capitalized costs	$	6,348,836		$	6,117,681

(a)

Includes capitalized asset retirement costs and the associated accumulated amortization.

- Definition

The entire disclosure for oil- and gas-producing activities considered to be supplementary information. Includes, but is not limited to, proved reserve quantity, cost incurred and capitalized, result of operation, standardized measure, and change in standardized measure of discounted future cash flow.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 932
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478688/932-270-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 932
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477215/932-235-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 932
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 12.A.3.e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477759/932-235-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 932
-SubTopic 235
-Name Accounting Standards Codification
-Section S50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479097/932-235-S50-3

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 932
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477215/932-235-50-8

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 932
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/932/tableOfContent

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 932
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477215/932-235-50-1C

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 932
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 36
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477215/932-235-50-36

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 932
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477215/932-235-50-8

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 932
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477215/932-235-50-5

+ Details

Indebtedness - Debt Covenants - Additional Information (Detail) - Bank Credit Facility	9 Months Ended
	Sep. 30, 2024
Debt Instrument [Line Items]
Debt instrument, covenant compliance	Our bank credit facility contains negative covenants that limit our ability, among other things, to pay cash dividends, incur additional indebtedness, sell assets, enter into certain hedging contracts, change the nature of our business or operations, merge, consolidate or make certain investments. We are required to maintain a maximum consolidated debt to EBITDAX ratio (as defined in the bank credit facility agreement) of 3.75x and a minimum current ratio (as defined in the bank credit facility agreement) of 1.0x. We were in compliance with applicable covenants under the bank credit facility at September 30, 2024.
Minimum
Debt Instrument [Line Items]
Current ratio	100.00%
Maximum
Debt Instrument [Line Items]
Ratio of debt to EBITDAX	375.00%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 50,656	$ 28,704	$ 92,138	$ 49,430	$ 30,231	$ 481,447	$ 171,498	$ 561,108

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482765/220-10-50-6

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-3

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-4

Reference 17: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-10

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479105/946-220-45-7

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(1)(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 23: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-7

Reference 34: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-28

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B

Reference 37: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

+ Details

Derivative Activities

9 Months Ended

Sep. 30, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Activities

(10) DERIVATIVE ACTIVITIES

We use commodity-based derivative contracts to manage exposure to commodity price fluctuations. We do not enter into these arrangements for speculative or trading purposes. We utilize commodity swaps, collars, three-way collars or swaptions to (1) reduce the effect of price volatility of the commodities we produce and sell and (2) support our annual capital budget, fixed costs and investment plans. The fair value of our derivative contracts, represented by the estimated amount that would be realized upon termination, based on a comparison of the contract price and a reference price, generally the New York Mercantile Exchange (NYMEX) for natural gas and oil or Mont Belvieu for NGLs, approximated a net unrealized gain of $207.4 million at September 30, 2024. These contracts expire monthly through December 2027. The following table sets forth our commodity-based derivative volumes by year as of September 30, 2024, excluding our basis swaps which are discussed separately below:


Period	Contract Type	Volume Hedged		Weighted Average Hedge Price
			Swap			Sold Put		Floor		Ceiling
Natural Gas (a)
2024	Swaps	300,000 Mmbtu/day	$		4.21
2024	Collars	416,848 Mmbtu/day						$	3.49	$	5.63
2024	Three-way Collars	133,152 Mmbtu/day				$	2.61	$	3.36	$	4.34
2025	Swaps	400,000 Mmbtu/day	$		4.12
2025	Three-way Collars	138,959 Mmbtu/day				$	2.52	$	3.33	$	4.93
2026	Swaps	100,000 Mmbtu/day	$		4.11
2027	Swaps	30,000 Mmbtu/day	$		4.10

Oil
2024	Swaps	5,000 bbls/day	$		81.35

NGLs (C3-Propane)
2024	Swaps	7,000 bbls/day	$		33.86


(a)	We also sold natural gas swaptions of 20,000 Mmbtu/day for calendar year 2026 at a weighted average price of $4.05/Mmbtu that expire in October 2024 and 30,000 Mmbtu/day for calendar year 2027 at a weighted price of $4.10/Mmbtu that expire in October 2024.

Every derivative instrument is required to be recorded on the balance sheet as either an asset or a liability measured at its fair value. We recognize all changes in fair value of these derivatives as earnings in derivative fair value income or loss in the periods in which they occur.

Basis Swap Contracts

In addition to the commodity derivatives described above, at September 30, 2024, we had natural gas basis swap contracts which lock in the differential between NYMEX Henry Hub and certain of our physical pricing indices. These contracts settle through December 2028 and include a total volume of 257,470,000 Mmbtu. The fair value of these contracts was a loss of $16.9 million at September 30, 2024.

Derivative Assets and Liabilities


	September 30, 2024			December 31, 2023
Derivative assets:
Gross amounts of recognized assets	$	215,587		$	452,378
Gross amounts offset in the consolidated balance sheets		(17,777	)		(9,407	)
Net amounts of assets presented in the consolidated balance sheets	$	197,810		$	442,971


	September 30, 2024			December 31, 2023
Derivative (liabilities):
Gross amounts of recognized (liabilities)	$	(25,110	)	$	(9,736	)
Gross amounts offset in the consolidated balance sheets		17,777			9,407
Net amounts of (liabilities) presented in the consolidated balance sheets	$	(7,333	)	$	(329	)

Derivative Fair Value Income

The effects of our derivatives on our consolidated statements of income are summarized below (in thousands):



	Three Months Ended September 30,						Nine Months Ended September 30,
	2024			2023			2024			2023

Commodity swaps	$	54,003		$	14,513		$	85,964		$	266,672
Swaptions		2,019			57			1,152			(2,435	)
Three-way collars		7,059			7,071			15,802			63,285
Collars		19,589			12,566			45,476			184,924
Basis swaps		(35,546	)		4,977			(37,864	)		23,379
Divestiture contingent consideration		—			(790	)		—			(5,730	)
Total derivative fair value income	$	47,124		$	38,394		$	110,530		$	530,095

Income Per Common Share

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Income Per Common Share

(6) INCOME PER COMMON SHARE


	Three Months Ended September 30,						Nine Months Ended September 30,
	2024			2023			2024			2023
Net income, as reported	$	50,656		$	49,430		$	171,498		$	561,108
Participating earnings (a)		(170	)		(632	)		(922	)		(10,868	)
Basic net income attributed to common shareholders		50,486			48,798			170,576			550,240
Reallocation of participating earnings (a)		1			4			5			106
Diluted net income attributed to common shareholders	$	50,487		$	48,802		$	170,581		$	550,346
Net income per common share:
Basic	$	0.21		$	0.20		$	0.71		$	2.30
Diluted	$	0.21		$	0.20		$	0.70		$	2.27


(a)	Restricted Stock Liability Awards represent participating securities because they participate in non-forfeitable dividends or distributions with common equity owners. Income allocable to participating securities represents the distributed and undistributed earnings attributable to the participating securities. Participating securities, however, do not participate in undistributed net losses.

The following details weighted average common shares outstanding and diluted weighted average common shares outstanding (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Weighted average common shares outstanding – basic		240,865		241,338		240,832		239,455
Effect of dilutive securities:
Director and employee restricted stock and performance based equity awards		1,758		2,599		1,970		2,689
Weighted average common shares outstanding – diluted		242,623		243,937		242,802		242,144

Weighted average common shares outstanding – basic for third quarter 2024 excludes 811,000 shares of restricted stock held in our deferred compensation plan compared to 3.1 million shares in third quarter 2023 (although all awards are issued and outstanding upon grant). Weighted average common shares outstanding – basic for first nine months 2024 excludes 1.3 million shares of restricted stock held in our deferred compensation plan compared to 4.7 million shares for first nine months 2023. For the three months ended September 30, 2024, equity grants of 8,000 shares compared to 9,000 shares in the same period of the prior year were outstanding but not included in the computation of diluted net income because the grant prices were greater than the average market price of the common shares and would be anti-dilutive to the computation.

Stock-Based Compensation Plans - Restricted Stock and Restricted Stock Units and Performance Awards Outstanding (Detail) - $ / shares

9 Months Ended

12 Months Ended

Sep. 30, 2024

Sep. 30, 2023

Dec. 31, 2023

Restricted Stock Equity Awards

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Outstanding, Beginning Balance

1,473,805

1,736,688

Granted

1,282,971

1,626,670

Vested

(1,088,006)

(1,408,676)

Forfeited

(13,424)

(29,546)

Outstanding, Ending Balance

1,655,346

1,925,136

1,473,805

Outstanding, Beginning Balance, weighted average grant date fair value

$ 22.82

$ 14.44

Granted, weighted average grant date fair value

30.45

25.09

Vested, weighted average grant date fair value

24.45

16.88

Forfeited, weighted average grant date fair value

27.24

17.73

Outstanding, Ending Balance, weighted average grant date fair value

$ 27.63

$ 21.6

$ 22.82

Restricted Stock Liability Awards

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Outstanding, Beginning Balance

93,116

379,633

Granted

15,609

21,170

Vested

(73,678)

(251,063)

Forfeited

Outstanding, Ending Balance

35,047

149,740

93,116

Outstanding, Beginning Balance, weighted average grant date fair value

$ 19.44

$ 14.71

Granted, weighted average grant date fair value

32.74

25.41

Vested, weighted average grant date fair value

19.88

14.11

Forfeited, weighted average grant date fair value

Outstanding, Ending Balance, weighted average grant date fair value

$ 24.42

$ 17.22

$ 19.44

Stock-Based Performance Awards

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Outstanding, Beginning Balance

^[1]

937,582

1,950,632

Granted

^[1]

254,195

145,747

Vested

^[1]

(526,918)

(1,158,797)

Forfeited

^[1]

Outstanding, Ending Balance

^[1]

664,859

937,582

Outstanding, Beginning Balance, weighted average grant date fair value

$ 17.01

$ 9.02

Granted, weighted average grant date fair value

31.84

26.86

Vested, weighted average grant date fair value

10.99

4.8

Forfeited, weighted average grant date fair value

Outstanding, Ending Balance, weighted average grant date fair value

$ 27.45

$ 17.01

[1]


(a)	Amounts granted reflect performance units initially granted. The actual payout will be between zero and 200% depending on achievement of either total stockholder return ranking compared to our peers over the performance period or on the achievement of internal performance targets.

Stock-Based Compensation Plans - Additional Information 4 (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Deferred compensation plan vesting period			3 years
Deferred compensation plan	$ 1.9	$ (9.0)	$ (5.7)	$ (29.5)
Shares held in rabbi trust total	813,000		813,000		1,600,000
Vested shares held in rabbi trust	778,000		778,000		1,500,000

Indebtedness - Debt Outstanding (Detail) - USD ($)
$ in Thousands

Sep. 30, 2024

Dec. 31, 2023

Debt Instrument [Line Items]

Total senior notes

$ 1,718,140

$ 1,788,388

Unamortized debt issuance costs

(11,626)

(14,159)

Total debt, net of deferred financing costs

1,706,514

1,774,229

Less current maturities of long-term debt

^[1]

(617,383)

Total long-term debt

1,089,131

1,774,229

Notes Payable to Banks

Debt Instrument [Line Items]

Bank debt

4.875% Senior Notes Due 2025

Debt Instrument [Line Items]

Less current maturities of long-term debt

(618,100)

4.875% Senior Notes Due 2025 | Notes Payable to Banks

Debt Instrument [Line Items]

Total senior notes

618,140

688,388

8.25% Senior Notes Due 2029 | Notes Payable to Banks

Debt Instrument [Line Items]

Total senior notes

600,000

4.75% Senior Notes Due 2030 | Notes Payable to Banks

Debt Instrument [Line Items]

Total senior notes

$ 500,000

[1]	As of September 30, 2024, current maturities include $618.1 million principal amount of our 4.875% senior notes due 2025 ($617.4 million net of deferred financing costs).

Capital Stock - Schedule of Changes in Number of Common Shares Outstanding (Detail) - shares	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Class Of Stock [Line Items]
Beginning balance	241,040,304	238,885,730
Treasury shares	(1,400,000)	(714,530)
Ending balance	241,307,844	241,040,304
Restricted Stock
Class Of Stock [Line Items]
Restricted stock grants	15,609	50,238
Restricted stock units vested	1,189,700	1,755,345
Performance Share
Class Of Stock [Line Items]
Performance stock units issued	455,317	1,057,245
Performance stock dividends	6,914	6,276

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Exit Costs - Exit Costs Included in Accrued Liabilities in Consolidated Balance Sheet - (Detail) - Exit Costs
$ in Thousands

9 Months Ended

Sep. 30, 2024

USD ($)

^[1]

Exit costs included in accrued liabilities in consolidated balance sheet

Balance at December 31, 2023

$ 399,989

Accretion of discount

30,155

Exit and termination costs

(2,097)

Payments

(71,506)

Balance at September 30, 2024

$ 356,541

[1]	Includes the divestiture contract obligation and the transportation contract capacity release obligation.

Suspended Exploratory Well Costs

9 Months Ended

Sep. 30, 2024

Oil and Gas, Capitalized Exploratory Well Cost [Abstract]

Suspended Exploratory Well Costs

(17) SUSPENDED EXPLORATORY WELL COSTS

We capitalize exploratory well costs until a determination is made that the well has either found proved reserves or that it is impaired. Capitalized exploratory well costs are presented in natural gas and oil properties in the accompanying consolidated balance sheets. If an exploratory well is determined to be impaired, the well costs are charged to exploration expense in the accompanying consolidated statements of income. There were no capitalized exploratory well costs in 2023. The following table reflects the changes in capitalized exploratory well costs for the nine months ended September 30, 2024 (in thousands):


	Nine Months Ended September 30, 2024

Balance at beginning of period	$	—
Additions to capitalized exploratory well costs pending the determination of proved reserves		14,680
Reclassifications to wells, facilities and equipment based on determination of proved reserves		—
Capitalized exploratory well costs, charged to expense		—
Balance at end of period	$	14,680
Less exploratory well costs that have been capitalized for a period of one year or less	$	14,680
Capitalized exploratory well costs that have been capitalized for a period greater than one year	$	—

Costs Incurred for Property Acquisition, Exploration and Development (Detail) - USD ($)
$ in Thousands

9 Months Ended

12 Months Ended

Sep. 30, 2024

Sep. 30, 2023

Dec. 31, 2023

Acquisitions:

Acreage purchases

^[1]

$ 37,743

$ 40,067

Development

^[1]

444,637

568,484

Gas gathering facilities:

Development

^[1]

2,425

3,123

Subtotal

^[1]

517,996

638,204

Asset retirement obligations

2,912

^[1]

$ 2,377

4,616

^[1]

Total costs incurred

^[1]

520,908

642,820

Exploration Expense

Exploration:

Drilling

^[1]

14,680

Expense

^[1]

17,506

25,280

Stock-based compensation expense

^[1]

$ 1,005

$ 1,250

[1]	(a) Includes costs incurred whether capitalized or expensed.

Commitments and Contingencies - Additional Information (Detail)	3 Months Ended	9 Months Ended
	Mar. 31, 2024 USD ($)	Sep. 30, 2024 USD ($) McfD MmbtuDay BblD
Commitments And Contingencies Disclosure [Line Items]
Period of increase occured in transportation and gathering commitments	12 years
Increase in transportation and gathering commitments \| $	$ 580,000,000	$ 0
Contingent Commitment
Commitments And Contingencies Disclosure [Line Items]
Gathering and processing capacity \| McfD		300,000
Additional volume of revised agreement \| MmbtuDay		250,000
Contingent minimum commitment		40,000
Increase in contingent minimum commitment		5,000
Contingent Commitment \| Propane Export Terminal
Commitments And Contingencies Disclosure [Line Items]
Contingent minimum commitment		10,000
Increase in contingent commitment gross		20,000

Indebtedness - Debt Outstanding (Parenthetical) (Detail) - USD ($)
$ in Thousands

Sep. 30, 2024

Dec. 31, 2023

Sep. 30, 2023

Debt Instrument [Line Items]

Current maturities of long-term debt

^[1]

$ 617,383

$ 0

4.875% Senior Notes Due 2025

Debt Instrument [Line Items]

Interest rate on notes

4.875%

Current maturities of long-term debt

$ 618,100

8.25% Senior Notes Due 2029

Debt Instrument [Line Items]

Interest rate on notes

8.25%

4.75% Senior Notes Due 2030

Debt Instrument [Line Items]

Interest rate on notes

4.75%

[1]	As of September 30, 2024, current maturities include $618.1 million principal amount of our 4.875% senior notes due 2025 ($617.4 million net of deferred financing costs).

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Revenues from Contracts with Customers - Additional Information (Detail) $ in Millions	9 Months Ended
	Sep. 30, 2024 USD ($) Stream	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Disaggregation of Revenue [Line Items]
Number of revenue streams \| Stream	3
Other marketing revenue
Disaggregation of Revenue [Line Items]
Payments received for contracted sales volumes not accepted by customers		$ 5.1
Revenue Contract with Customer
Disaggregation of Revenue [Line Items]
Accounts receivable	$ 177.1		$ 263.9

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Operating activities:
Net income	$ 171,498	$ 561,108
Adjustments to reconcile net income to net cash provided from operating activities:
Deferred income tax expense	9,820	149,289
Depletion, depreciation and amortization	265,872	259,197
Abandonment and impairment of unproved properties	8,618	44,308
Derivative fair value income	(110,530)	(530,095)
Cash settlements on derivative financial instruments	362,695	188,496
Divestiture contract obligation, including accretion	27,933	71,380
Amortization of deferred financing costs and other	3,352	3,591
Deferred and stock-based compensation	37,597	60,166
Gain on the sale of assets	(222)	(353)
Gain on early extinguishment of debt	(254)	(439)
Changes in working capital:
Accounts receivable	101,530	288,415
Other current assets	(1,809)	(9,520)
Accounts payable	(27,052)	(84,291)
Accrued liabilities and other	(122,424)	(249,455)
Net cash provided from operating activities	726,624	751,797
Investing activities:
Additions to natural gas properties	(432,264)	(421,087)
Additions to field service assets	(1,371)	(321)
Acreage purchases	(44,787)	(27,422)
Proceeds from disposal of assets	273	823
Purchases of marketable securities held by the deferred compensation plan	(36,681)	(39,545)
Proceeds from the sales of marketable securities held by the deferred compensation plan	42,225	43,663
Net cash used in investing activities	(472,605)	(443,889)
Financing activities:
Borrowings on credit facility	0	185,000
Repayments on credit facility	0	(204,000)
Repayment of senior notes	(69,846)	(60,934)
Dividends paid	(58,127)	(57,949)
Treasury stock purchases	(44,136)	(9,663)
Taxes paid for shares withheld	(25,201)	(39,475)
Change in cash overdrafts	(9,070)	(18,616)
Proceeds from the sales of common stock held by the deferred compensation plan	17,837	60,323
Net cash used in financing activities	(188,543)	(145,314)
Increase in cash and cash equivalents	65,476	162,594
Cash and cash equivalents at beginning of period	211,974	207
Cash and cash equivalents at end of period	$ 277,450	$ 162,801

Supplemental Cash Flow Information (Tables)

9 Months Ended

Sep. 30, 2024

Supplemental Cash Flow Elements [Abstract]

Supplemental Cash Flow Information


	Nine Months Ended September 30,
	2024			2023
	(in thousands)
Net cash provided from operating activities included:
Income taxes refunded from or (paid to) taxing authorities	$	861		$	(2,200	)
Interest paid		(95,684	)		(100,151	)
Non-cash investing activities included:
Increase in asset retirement costs capitalized		2,912			2,377
Increase in accrued capital expenditures		22,830			27,818

Fair Value Measurements - Reconciliation of the Beginning and Ending Balances for Derivative Instruments Classified as Level 3 in the Fair Value Hierarchy (Detail) - Fair Value, Inputs, Level 3 $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Balance at December 31, 2023	$ (1,161)
Total gains included in earnings	0
Additions	(9)
Settlements	1,161
Balance at September 30, 2024	$ (9)

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Derivative Activities - Additional Information (Detail) $ in Millions	Sep. 30, 2024 USD ($) MMBTU
Derivatives Excluding Basis Swaps
Derivative [Line Items]
Derivative assets liabilities at fair value net	$ 207.4
Commodity \| Natural Gas Basis Swaps
Derivative [Line Items]
Derivative assets liabilities at fair value net	$ (16.9)
Volume Hedged \| MMBTU	257,470,000

Derivative Activities - Derivative Volumes Hedged and Average Hedge Prices (Parenthetical) (Detail) - Swaptions	9 Months Ended
	Sep. 30, 2024 MmbtuPerDay $ / MMBTU
2026 Commodity Contract
Derivative [Line Items]
Volume Hedged \| MmbtuPerDay	20,000
Weighted average price of hedge \| $ / MMBTU	4.05
Expiration of derivative non monetary notional amount	Oct. 31, 2024
2027 Commodity Contract
Derivative [Line Items]
Volume Hedged \| MmbtuPerDay	30,000
Weighted average price of hedge \| $ / MMBTU	4.1
Expiration of derivative non monetary notional amount	Oct. 31, 2024

Stock-Based Compensation Plans - Additional Information 3 (Detail)	9 Months Ended
	Sep. 30, 2024 USD ($) Award shares	Sep. 30, 2023 USD ($)
Performance Shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of awards available for grant \| Award	2
Performance Shares \| Common Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of share value each unit represents at grant date \| shares	1
Performance-based PS-PSUs and RS-PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period	3 years
Stock-based compensation expense \| $	$ 921,000	$ 1,800,000
Performance Based TSR - PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period	3 years
Number of awards available for grant \| Award	1
Stock-based compensation expense \| $	$ 2,900,000	$ 1,300,000
Performance Based TSR - PSUs \| Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Potential payout of shares granted	200.00%
Performance Based TSR - PSUs \| Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Potential payout of shares granted	0.00%

Basis of Presentation

9 Months Ended

Sep. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation

(2) BASIS OF PRESENTATION

These consolidated financial statements are unaudited but, in the opinion of management, reflect all adjustments necessary for a fair statement of the results for the periods reported. All adjustments are of a normal recurring nature unless otherwise disclosed. These consolidated financial statements, including selected notes, have been prepared in accordance with the applicable rules of the Securities Exchange Commission ("SEC") and do not include all of the information and disclosures required by accounting principles generally accepted in the United States of America (U.S. GAAP) for complete financial statements.

These interim financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our 2023 Annual Report on Form 10-K filed with the SEC on February 21, 2024. The results of operations for third quarter and nine months ended September 30, 2024 are not necessarily indicative of the results to be expected for the full year. We make certain reclassifications to the prior year statements to conform with the current year presentation. These reclassifications have no impact on previously reported stockholders' equity, net income or cash flows.

Commitments and Contingencies

9 Months Ended

Sep. 30, 2024

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

(16) COMMITMENTS AND CONTINGENCIES

Litigation

We are the subject of, or party to, various pending or threatened legal actions, administrative proceedings or investigations arising in the ordinary course of our business including, but not limited to, royalty claims, contract claims and environmental claims. While many of these matters involve inherent uncertainty, we believe that the amount of the liability, if any, ultimately incurred with respect to these actions, proceedings or claims will not have a material adverse effect on our consolidated financial position as a whole or on our liquidity, capital resources or future annual results of operations.

When deemed necessary, we establish reserves for certain legal proceedings. The establishment of a reserve is based on an estimation process that includes the advice of legal counsel and subjective judgment of management. While management believes these reserves to be adequate, it is reasonably possible we could incur additional losses with respect to those matters in which reserves have been established. We will continue to evaluate our litigation on a quarterly basis and will establish and adjust any litigation reserves as appropriate to reflect our assessment of the then current status of litigation.

We have incurred and will continue to incur capital, operating and remediation expenditures as a result of environmental laws and regulations. As of September 30, 2024, liabilities for remediation were not material. We are not aware of any environmental claims existing as of September 30, 2024 that have not been provided for or would otherwise have a material impact on our financial position or results of operations. Environmental liabilities normally involve estimates that are subject to revision until final resolution, settlement or remediation occurs.

Transportation, Gathering and Processing Contracts

In first quarter 2024, our transportation and gathering commitments over the next twelve years increased by approximately $580.0 million from December 31, 2023, primarily due to contract extensions and certain agreements that were contingent on facility construction as of the end of 2023 and are now in service. There were no significant changes to firm transportation, gathering and processing minimum commitments in the second or third quarter 2024.

In addition to the above, we entered into amendments of existing contracts that will expand gathering and processing capacity by 300,000 Mmcf/day and transportation capacity by 250,000 Mmbtu/day, contingent on the completion of construction of the relevant facilities and expected to be in service in 2026. We have a related contingent minimum commitment for the de-ethanization capacity associated with this processing expansion. Beginning on the in-service date this capacity will total 40,000 bbls/day, increasing by 5,000 bbls/day after one year of service, and continues through the end of the agreement. We also entered into a new contract for propane export terminal capacity that is contingent on the completion of construction of the relevant facilities and is expected to be in service in 2026. This capacity will be 10,000 bbls/day for the first year and increases to 20,000 bbls/day for the remainder of the term.

Income Per Common Share - Additional Information (Detail) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Equity Grants
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Stock excluded from earning per share calculation	8,000	9,000	3,000	3,000
Restricted Stock
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Stock excluded from earning per share calculation	811,000	3,100,000	1,300,000	4,700,000

Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2024	Oct. 18, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Entity Registrant Name	RANGE RESOURCES CORPORATION
Entity Central Index Key	0000315852
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		241,309,647
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity File Number	001-12209
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	34-1312571
Entity Address, Address Line One	100 Throckmorton Street
Entity Address, Address Line Two	Suite 1200
Entity Address, City or Town	Fort Worth
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	76102
City Area Code	817
Local Phone Number	870-2601
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Title of 12(b) Security	Common Stock, (Par Value $0.01)
Trading Symbol	RRC
Security Exchange Name	NYSE

Capitalized Costs and Accumulated Depreciation, Depletion and Amortization (Detail) - USD ($)
$ in Thousands

Sep. 30, 2024

Dec. 31, 2023

Natural gas properties:

Properties subject to depletion

^[1]

$ 10,898,172

$ 10,435,611

Unproved properties

^[1]

816,846

789,871

Total

^[1]

11,715,018

11,225,482

Accumulated depletion and depreciation

^[1]

(5,366,182)

(5,107,801)

Natural gas and oil properties, successful efforts method, net

^[1]

$ 6,348,836

$ 6,117,681

[1]	Includes capitalized asset retirement costs and the associated accumulated amortization.

Exit Costs (Tables)

9 Months Ended

Sep. 30, 2024

Restructuring and Related Activities [Abstract]

Summary of Exit Costs

The following summarizes our exit costs (including accretion of discount and any adjustments) for the three and nine months ended September 30, 2024 and 2023 (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Transportation contract capacity releases		45	$	79		124	$	281
Divestiture contract obligation		7,604		10,605		27,934		71,380
	$	7,649	$	10,684	$	28,058	$	71,661

Exit Costs Included in Accrued Liabilities in Consolidated Balance Sheet

The following details the accrued exit cost liability activity for the nine months ended September 30, 2024 (in thousands):


	Exit Costs (a)
Balance at December 31, 2023	$	399,989
Accretion of discount		30,155
Changes in estimate		(2,097	)
Payments		(71,506	)
Balance at September 30, 2024	$	356,541

(a) Includes the divestiture contract obligation and the transportation contract capacity release obligation.

Asset Retirement Obligations (Tables)

9 Months Ended

Sep. 30, 2024

Asset Retirement Obligation Disclosure [Abstract]

Asset Retirement Obligation

A reconciliation of our liability for plugging and abandonment costs for the nine months ended September 30, 2024 and the year ended December 31, 2023 is as follows (in thousands):


	Nine Months Ended September 30, 2024			Year Ended December 31, 2023
Beginning of period	$	117,429		$	109,851
Liabilities incurred		2,466			2,047
Liabilities settled		(4,619	)		(3,039	)
Accretion expense		5,382			6,000
Change in estimate		446			2,570
End of period		121,103			117,429
Less current portion		(2,395	)		(2,395	)
Long-term asset retirement obligations	$	118,708		$	115,034

Fair Value Measurements - Fair Value Hierarchy Table for Assets and Liabilities Measured at Fair Value (Detail) - Fair Value, Recurring - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Trading securities held in the deferred compensation plan	$ 63,201	$ 71,989
Commodity \| Swaps
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative assets liabilities at fair value net	165,885	247,580
Commodity \| Collars
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative assets liabilities at fair value net	25,701	152,540
Commodity \| Three-Way Collars
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative assets liabilities at fair value net	15,792	25,406
Commodity \| Basis Swaps
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative assets liabilities at fair value net	(16,892)	18,277
Commodity \| Swaptions
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative assets liabilities at fair value net	(9)	(1,161)
Fair Value, Inputs, Level 1
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Trading securities held in the deferred compensation plan	63,201	71,989
Fair Value, Inputs, Level 1 \| Commodity \| Swaps
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative assets liabilities at fair value net	0	0
Fair Value, Inputs, Level 1 \| Commodity \| Collars
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative assets liabilities at fair value net	0	0
Fair Value, Inputs, Level 1 \| Commodity \| Three-Way Collars
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative assets liabilities at fair value net	0	0
Fair Value, Inputs, Level 1 \| Commodity \| Basis Swaps
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative assets liabilities at fair value net	0	0
Fair Value, Inputs, Level 1 \| Commodity \| Swaptions
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative assets liabilities at fair value net	0	0
Fair Value, Inputs, Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Trading securities held in the deferred compensation plan	0	0
Fair Value, Inputs, Level 2 \| Commodity \| Swaps
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative assets liabilities at fair value net	165,885	247,580
Fair Value, Inputs, Level 2 \| Commodity \| Collars
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative assets liabilities at fair value net	25,701	152,540
Fair Value, Inputs, Level 2 \| Commodity \| Three-Way Collars
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative assets liabilities at fair value net	15,792	25,406
Fair Value, Inputs, Level 2 \| Commodity \| Basis Swaps
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative assets liabilities at fair value net	(16,892)	18,277
Fair Value, Inputs, Level 2 \| Commodity \| Swaptions
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative assets liabilities at fair value net	0	0
Fair Value, Inputs, Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Trading securities held in the deferred compensation plan	0	0
Fair Value, Inputs, Level 3 \| Commodity \| Swaps
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative assets liabilities at fair value net	0	0
Fair Value, Inputs, Level 3 \| Commodity \| Collars
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative assets liabilities at fair value net	0	0
Fair Value, Inputs, Level 3 \| Commodity \| Three-Way Collars
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative assets liabilities at fair value net	0	0
Fair Value, Inputs, Level 3 \| Commodity \| Basis Swaps
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative assets liabilities at fair value net	0	0
Fair Value, Inputs, Level 3 \| Commodity \| Swaptions
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative assets liabilities at fair value net	$ (9)	$ (1,161)

Income Taxes	9 Months Ended
Income Taxes	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	(5) INCOME TAXES We evaluate and update our annual effective income tax rate on a quarterly basis based on current and forecasted operating results and tax laws. For the three and nine months ended September 30, 2024 and 2023, our overall effective tax rate was different than the federal statutory rate due primarily to state income taxes, tax credits, equity compensation and the limitation of executive compensation expense. Current income taxes reflect estimated state and federal income taxes due for 2024 which are based on our estimated earnings, taking into account all applicable tax rates and laws.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12C

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12B

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-13

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/740/tableOfContent

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-14

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-21

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-17

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

Indebtedness - Bank Debt - Additional Information (Detail) - Bank Credit Facility	9 Months Ended
	Sep. 30, 2024 USD ($) Commercialbank	Sep. 30, 2023	Oct. 31, 2024 USD ($)
Debt Instrument [Line Items]
Bank credit facility, maximum amount	$ 4,000,000,000
Bank credit facility, borrowing base	$ 3,000,000,000
Number of commercial banks included in current bank group \| Commercialbank	17
Maturity date of loan	Apr. 14, 2027
Line of credit facility amount outstanding during period	$ 0
Outstanding amount	0
Undrawn letters of credit	169,400,000
Borrowing capacity available under the commitment amount	$ 1,300,000,000
Weighted average interest rate on the bank credit facility		8.40%
Annual rate of commitment fee paid on the undrawn balance	0.375%
Subsequent Event
Debt Instrument [Line Items]
Bank credit facility, borrowing base			$ 3,000,000,000
Bank commitments			$ 1,500,000,000
Alternate Base Rate
Debt Instrument [Line Items]
Interest rate margin	0.75%
SOFR
Debt Instrument [Line Items]
Interest rate margin	1.75%
Minimum
Debt Instrument [Line Items]
Annual rate of commitment fee paid on the undrawn balance	0.375%
Minimum \| Alternate Base Rate
Debt Instrument [Line Items]
Interest rate on notes	0.75%
Minimum \| SOFR
Debt Instrument [Line Items]
Interest rate on notes	1.75%
Maximum
Debt Instrument [Line Items]
Annual rate of commitment fee paid on the undrawn balance	0.50%
Maximum \| Alternate Base Rate
Debt Instrument [Line Items]
Interest rate on notes	1.75%
Maximum \| SOFR
Debt Instrument [Line Items]
Interest rate on notes	2.75%

Costs Incurred for Property Acquisition, Exploration and Development

9 Months Ended

Sep. 30, 2024

Extractive Industries [Abstract]

Costs Incurred for Property Acquisition, Exploration and Development

(18) Costs Incurred for Property Acquisition, Exploration and Development (a)


	Nine Months Ended September 30, 2024		Year Ended December 31, 2023
	(in thousands)
Acquisitions:
Acreage purchases	$	37,743	$	40,067
Development		444,637		568,484
Exploration:
Drilling		14,680		—
Expense		17,506		25,280
Stock-based compensation expense		1,005		1,250
Gas gathering facilities:
Development		2,425		3,123
Subtotal		517,996		638,204
Asset retirement obligations		2,912		4,616
Total costs incurred	$	520,908	$	642,820

(a) Includes costs incurred whether capitalized or expensed.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 50,656	$ 49,430	$ 171,498	$ 561,108
Postretirement benefits:
Amortization of prior service costs/actuarial gain	(20)	12	(59)	36
Income tax expense (benefit)	4	(2)	12	(8)
Total comprehensive income	$ 50,640	$ 49,440	$ 171,451	$ 561,136

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Income Per Common Share - Computations of Basic and Diluted Income (Loss) Per Common Share (Detail) - USD ($)
$ / shares in Units, $ in Thousands

3 Months Ended

9 Months Ended

Sep. 30, 2024

Jun. 30, 2024

Mar. 31, 2024

Sep. 30, 2023

Jun. 30, 2023

Mar. 31, 2023

Sep. 30, 2024

Sep. 30, 2023

Earnings Per Share Reconciliation [Abstract]

Net income

$ 50,656

$ 28,704

$ 92,138

$ 49,430

$ 30,231

$ 481,447

$ 171,498

$ 561,108

Participating earnings

^[1]

(170)

(632)

(922)

(10,868)

Basic net income attributed to common shareholders

50,486

48,798

170,576

550,240

Reallocation of participating earnings

^[1]

106

Diluted net income attributed to common shareholders

$ 50,487

$ 48,802

$ 170,581

$ 550,346

Net income per common share:

Basic

$ 0.21

$ 0.2

$ 0.71

$ 2.3

Diluted

$ 0.21

$ 0.2

$ 0.7

$ 2.27

[1]


(a)	Restricted Stock Liability Awards represent participating securities because they participate in non-forfeitable dividends or distributions with common equity owners. Income allocable to participating securities represents the distributed and undistributed earnings attributable to the participating securities. Participating securities, however, do not participate in undistributed net losses.

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

- Definition

Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-4

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 5
-Subparagraph (SAB Topic 6.B)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-5

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-10

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-11

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B

+ Details

- Definition

Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities, and addition from assumption of issuance of common shares for dilutive potential common shares; of income (loss) available to common shareholders.

+ References + Details

Capital Stock

9 Months Ended

Sep. 30, 2024

Equity [Abstract]

Capital Stock

(13) CAPITAL STOCK

We have authorized capital stock of 485.0 million shares, which includes 475.0 million shares of common stock and 10.0 million shares of preferred stock. We currently have no preferred stock issued or outstanding. The following is a schedule of changes in the number of common shares outstanding since the beginning of 2023:


	Nine Months Ended September 30, 2024			Year Ended December 31, 2023
Beginning balance		241,040,304			238,885,730
Restricted stock grants		15,609			50,238
Restricted stock units vested		1,189,700			1,755,345
Performance stock units issued		455,317			1,057,245
Performance stock dividends		6,914			6,276
Treasury shares		(1,400,000	)		(714,530	)
Ending balance		241,307,844			241,040,304

Stock Repurchase Program

In 2019, the board of directors approved a stock repurchase program which was increased in size in 2022. At September 30, 2024, we had a remaining authorization to repurchase up to approximately $1.0 billion of our common stock. Under this program, we may repurchase shares in open market transactions, from time to time, in accordance with applicable SEC rules and federal securities laws. Purchases under the program are made at our discretion and may change based upon market conditions. In third quarter 2024, we repurchased 1.1 million shares at an aggregate cost of $33.9 million, which includes the repurchase of $9.9 million (295,129 shares) traded in June, but settled in July. The following is a schedule of the change in treasury shares based on settlement date for the three and nine months ended September 30, 2024:


	Three Months Ended September 30, 2024		Nine Months Ended September 30, 2024
Beginning balance		25,020,936		24,716,065
Rabbi trust shares distributed/sold		—		—
Shares repurchased		1,095,129		1,400,000
Ending balance		26,116,065		26,116,065

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478448/946-505-50-6

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480237/815-40-50-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/505/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 16
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-16

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

+ Details