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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues and other income:        
Revenues and other income $ 656,184,000 $ 759,474,000 $ 1,466,052,000 $ 1,516,082,000
Derivative fair value income (loss) 195,245,000 (103,290,000) 133,514,000 (117,299,000)
Total revenues and other income 851,429,000 656,184,000 1,599,566,000 1,398,783,000
Costs and expenses:        
Production and ad valorem taxes 9,889,000 10,140,000 21,199,000 20,066,000
Brokered natural gas and marketing 101,117,000 102,747,000 233,422,000 158,341,000
Exploration 8,109,000 7,499,000 16,320,000 15,218,000
Abandonment and impairment of unproved properties 12,770,000 54,922,000 25,429,000 66,695,000
General and administrative 50,631,000 47,583,000 97,269,000 116,000,000
Termination costs 2,206,000 0 2,206,000 (37,000)
Deferred compensation plan (11,142,000) 6,615,000 (7,561,000) (782,000)
Interest 51,727,000 53,862,000 103,264,000 106,247,000
Depletion, depreciation and amortization 141,505,000 161,026,000 280,223,000 323,292,000
Impairment of proved properties 0 15,302,000 0 22,614,000
Gain on the sale of assets (5,867,000) (156,000) (5,678,000) (179,000)
Total costs and expenses 696,145,000 764,538,000 1,437,175,000 1,415,223,000
Income (loss) before income taxes 155,284,000 (108,354,000) 162,391,000 (16,440,000)
Income tax expense (benefit):        
Current 0 0 0 0
Deferred 40,099,000 (28,518,000) 45,787,000 14,158,000
Total (benefit) expense for income taxes 40,099,000 (28,518,000) 45,787,000 14,158,000
Net income (loss) $ 115,185,000 $ (79,836,000) $ 116,604,000 $ (30,598,000)
Net income (loss) per common share:        
Basic $ 0.46 $ (0.32) $ 0.46 $ (0.13)
Diluted 0.46 (0.32) 0.46 (0.13)
Dividends paid per common share $ 0.02 $ 0.02 $ 0.04 $ 0.04
Weighted average common shares outstanding:        
Basic 247,770 245,880 247,773 245,795
Diluted 248,436 245,880 249,042 245,795
Natural Gas, NGLs and Oil Sales        
Revenues and other income:        
Revenues and other income $ 563,579,000 $ 661,390,000 $ 1,235,233,000 $ 1,358,019,000
Brokered Natural Gas, Marketing and Other        
Revenues and other income:        
Revenues and other income 92,605,000 98,084,000 230,819,000 158,063,000
Direct Operating        
Costs and expenses:        
Costs and expenses 33,981,000 35,088,000 67,208,000 73,210,000
Transportation, Gathering, Processing and Compression        
Costs and expenses:        
Costs and expenses $ 301,219,000 $ 269,910,000 $ 603,874,000 $ 514,538,000