v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 2,220 $ 616
Restricted cash 85 80
Accounts receivable, net 1,290 1,599
Derivative assets 429 264
Other current assets 363 357
Total current assets 4,387 2,916
Natural gas and oil properties, successful efforts method    
Proved natural gas and oil properties 27,336 26,606
Unproved properties 5,429 5,478
Other property and equipment 528 509
Total property and equipment 33,293 32,593
Less: accumulated depreciation, depletion and amortization (8,978) (8,278)
Property and equipment held for sale, net 0 40
Total property and equipment, net 24,315 24,355
Long-term derivative assets 127 47
Deferred income tax assets 0 168
Other long-term assets 692 801
Total assets 29,521 28,287
Current liabilities:    
Accounts payable 881 753
Current maturities of long-term debt, net 875 0
Accrued interest 59 100
Derivative liabilities 0 3
Other current liabilities 2,135 2,045
Total current liabilities 3,950 2,901
Long-term debt, net 4,133 5,009
Long-term derivative liabilities 0 1
Asset retirement obligations, net of current portion 703 688
Long-term contract liabilities 911 975
Other long-term liabilities 278 135
Total liabilities 9,975 9,709
Contingencies and commitments (Note 5)
Stockholders' equity:    
Common stock, $0.01 par value, 450,000,000 shares authorized: 240,085,572 and 239,249,874 shares issued 2 2
Additional paid-in capital 13,759 13,746
Retained earnings 5,785 4,830
Total stockholders' equity 19,546 18,578
Total liabilities and stockholders' equity $ 29,521 $ 28,287