XML 26 R5.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Total revenues $ 3,628,057 $ 1,850,730 $ 858,195
Operating expenses:      
Production and ad valorem taxes 77,917 49,141 36,967
Gathering and transportation 155,679 130,940 106,582
Lease operating 111,134 103,467 102,452
Depreciation, depletion and amortization 489,450 469,388 417,112
Gas services 465,044 0 0
General and administrative, net 39,405 34,943 32,040
Exploration 8,287 0 27
(Gain) loss on sale of assets (340) 162,077 (17)
Total operating expenses 1,346,576 949,956 695,163
Operating income 2,281,481 900,774 163,032
Other income (expenses):      
Gain (loss) from derivative financial instruments (662,522) (560,648) 9,951
Other income 916 636 1,080
Interest expense (171,092) (218,485) (234,829)
Loss on early extinguishment of debt (46,840) (352,599) (861)
Total other expenses (879,538) (1,131,096) (224,659)
Income (loss) before income taxes 1,401,943 (230,322) (61,627)
(Provision for) benefit from income taxes (261,061) (11,403) 9,210
Net income (loss) 1,140,882 (241,725) (52,417)
Preferred stock dividends and accretion (16,014) (17,500) (30,996)
Net income (loss) available to common stockholders $ 1,124,868 $ (259,225) $ (83,413)
Net income per share:      
Basic (in dollars per share) $ 4.75 $ (1.12) $ (0.39)
Diluted (in dollars per share) $ 4.11 $ (1.12) $ (0.39)
Weighted average shares outstanding:      
Basic (in shares) 236,045 231,633 215,194
Diluted (in shares) 277,465 231,633 215,194
Dividends declared per share (in dollars per share) $ 0.125 $ 0 $ 0
Natural gas and Oil Sales      
Revenues:      
Total revenues $ 3,124,691 $ 1,850,730 $ 858,195
Natural gas sales      
Revenues:      
Total revenues 3,117,094 1,775,768 809,399
Oil sales      
Revenues:      
Total revenues 7,597 74,962 48,796
Gas services      
Revenues:      
Total revenues $ 503,366 $ 0 $ 0