Strong Financial Performance
Adjusted EBITDA for the second quarter was $280 million, with a margin of 63%, and the company achieved a 310% increase in adjusted EBITDA over the last 5 years.
Significant Debt Reduction and Shareholder Returns
The company reduced debt principal by approximately $130 million and returned about $105 million to shareholders through dividends and share repurchases in the first half of 2025.
Maverick Acquisition Synergies
The integration of Maverick Natural Resources led to increased synergy run rate guidance of approximately $60 million, contributing to enhanced operational efficiencies.
Growth in Proved Reserves
Total proved reserves increased by 65% since year-end 2024, demonstrating the resilience and value of the asset base.
Strategic Partnership with Carlyle
A partnership with Carlyle was announced, providing line of sight to fund up to $2 billion worth of acquisitions without diluting existing equity.