Record Operational Execution
Achieved the fastest well drilled, most drilled feet per day, and lowest completion cost per foot in the company's history, resulting in raised full-year production guidance with lowered CapEx.
Strategic Acquisition and Share Buyback
Executed a $600 million Apache acquisition at favorable commodity prices and repurchased $43 million of shares at an average price of $10.52, showcasing effective use of downturn playbook.
Positive Free Cash Flow and Liquidity
Generated $817 million in adjusted operating cash flow and $312 million in adjusted free cash flow, maintaining leverage at approximately 1x and liquidity of approximately $3 billion.
First Investment-Grade Rating
Received first investment-grade rating from Fitch, highlighting strong credit metrics and financial strategy.
Improved Marketing Strategy
Entered into new transportation and marketing agreements, expected to improve gas netbacks by over $0.10 per Mcf and crude netbacks by over $0.50 per barrel, contributing to an expected $50 million uplift in 2026 free cash flow.
Increased Production Guidance
Increased full-year 2025 production guidance by 3% while lowering the capital budget by 2%.