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Revenue by Segment
Breaks down income from various business units, showing which areas are most lucrative and where there might be opportunities or challenges.Upstream has become the sole revenue driver, with recent step-ups driven by operational execution (rig/frac adds, longer laterals, completion uplifts) rather than a permanent structural shift; Midstream revenue disappears from the reporting line, removing a partial hedge and leaving the business more exposed to Waha differentials and gas/NGL volatility. Management’s push on drilling-costs, DUC cadence, and faster debt paydown implies higher free cash flow and shareholder returns but also means revenue will be more production- and quarter‑timing sensitive.
Date | Upstream | Midstream |
|---|---|---|
Jun 30, 2026 | $5.56B | $0.00 |
Mar 31, 2026 | $3.83B | $0.00 |
Dec 31, 2025 | $3.03B | $0.00 |
Sep 30, 2025 | $3.92B | $0.00 |
Jun 30, 2025 | $3.32B | $0.00 |
Mar 31, 2025 | $3.66B | $0.00 |
Dec 31, 2024 | $3.47B | $0.00 |
Sep 30, 2024 | $2.35B | $0.00 |
Jun 30, 2024 | $2.17B | $0.00 |
Mar 31, 2024 | $2.10B | $0.00 |