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CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
OPERATING REVENUES        
Natural gas $ 347,970 $ 341,901 $ 1,218,540 $ 1,004,085
Crude oil and condensate 82,563 84,209 228,047 220,090
Gain (loss) on derivative instruments 71,906 0 69,577 0
Brokered natural gas 6,501 7,165 27,794 26,302
Other 3,077 2,575 11,049 8,338
TOTAL OPERATING REVENUES 512,017 435,850 1,555,007 1,258,815
OPERATING EXPENSES        
Direct operations 37,802 32,923 109,241 101,398
Transportation and gathering 85,966 60,803 247,707 159,672
Brokered natural gas 5,680 5,913 24,570 21,006
Taxes other than income 10,933 11,532 36,794 34,583
Exploration 8,812 3,891 19,963 12,444
Depreciation, depletion and amortization 154,013 168,980 458,995 469,022
General and administrative 19,579 24,697 61,342 82,009
TOTAL OPERATING EXPENSES 322,785 308,739 958,612 880,134
Earnings (loss) on equity method investments 1,063 278 1,819 614
Gain (loss) on sale of assets 46 4,421 (2,735) 4,601
INCOME FROM OPERATIONS 190,341 131,810 595,479 383,896
Interest expense 17,422 16,074 50,312 49,366
Income before income taxes 172,919 115,736 545,167 334,530
Income tax expense 72,131 45,847 218,928 132,703
NET INCOME $ 100,788 $ 69,889 $ 326,239 $ 201,827
Earnings per share        
Basic (in dollars per share) $ 0.24 $ 0.17 $ 0.78 $ 0.48
Diluted (in dollars per share) $ 0.24 $ 0.17 $ 0.78 $ 0.48
Weighted-average common shares outstanding        
Basic (in shares) 416,173 420,986 416,785 420,664
Diluted (in shares) 418,093 423,453 418,468 422,824
Dividends per common share (in dollars per share) $ 0.02 $ 0.02 $ 0.06 $ 0.04