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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Total oil and gas sales $ 1,190,005 $ 511,176 $ 2,705,673 $ 1,195,354
Operating expenses:        
Production and ad valorem taxes 24,531 16,675 60,080 36,468
Gathering and transportation 44,740 35,402 113,797 96,596
Lease operating 28,608 26,576 79,873 77,150
Exploration 0 0 3,363 0
Depreciation, depletion and amortization 129,065 128,739 354,994 359,313
Gas services 181,818 0 305,271 0
General and administrative 10,165 8,052 27,451 23,952
Gain on sale of assets 0 (14) (21) (93)
Total operating expenses 418,927 215,430 944,808 593,386
Operating income 771,078 295,746 1,760,865 601,968
Other income (expenses):        
Loss from derivative financial instruments (271,335) (510,319) (781,654) (756,026)
Other income 56 197 506 1,008
Interest expense (41,393) (49,954) (132,204) (170,645)
Loss on early retirement of debt 0 0 (46,840) (352,599)
Total other expenses (312,672) (560,076) (960,192) (1,278,262)
Income (loss) before income taxes 458,406 (264,330) 800,673 (676,294)
(Provision for) benefit from income taxes (102,810) (23,976) (179,610) 74,168
Net income (loss) 355,596 (288,306) 621,063 (602,126)
Preferred stock dividends (4,411) (4,411) (13,089) (13,089)
Net income (loss) available to common stockholders $ 351,185 $ (292,717) $ 607,974 $ (615,215)
Net income (loss) per share:        
Basic (in dollars per share) $ 1.50 $ (1.26) $ 2.61 $ (2.66)
Diluted (in dollars per share) $ 1.28 $ (1.26) $ 2.24 $ (2.66)
Weighted average shares outstanding:        
Basic (in shares) 232,482 231,747 232,170 231,519
Diluted (in shares) 277,715 231,747 277,605 231,519
Total oil and gas sales        
Revenues:        
Total oil and gas sales $ 996,915 $ 511,176 $ 2,383,098 $ 1,195,354
Natural gas sales        
Revenues:        
Total oil and gas sales 994,979 488,303 2,376,774 1,133,783
Oil sales        
Revenues:        
Total oil and gas sales 1,936 22,873 6,324 61,571
Gas services        
Revenues:        
Total oil and gas sales $ 193,090 $ 0 $ 322,575 $ 0