XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.2
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Total natural gas and oil sales $ 288,211 $ 946,254 $ 777,789 $ 1,515,668
Operating expenses:        
Production and ad valorem taxes 19,599 21,729 34,505 35,549
Gathering and transportation 45,395 36,964 90,969 69,057
Lease operating 34,031 25,079 68,861 51,265
Exploration 0 2,342 1,775 3,363
Depreciation, depletion and amortization 140,177 119,201 274,160 225,929
Gas services 55,390 82,778 156,685 123,453
General and administrative 10,038 9,063 22,406 17,286
Loss (gain) on sale of assets 648 (19) (125) (21)
Total operating expenses 305,278 297,137 649,236 525,881
Operating income (loss) (17,067) 649,117 128,553 989,787
Other income (expenses):        
Gain (loss) from derivative financial instruments (4,495) (72,826) 61,914 (510,319)
Other income 598 182 1,058 450
Interest expense (39,188) (44,320) (77,458) (90,811)
Loss on early retirement of debt 0 (46,840) 0 (46,840)
Total other expenses (43,085) (163,804) (14,486) (647,520)
Income (loss) before income taxes (60,152) 485,313 114,067 342,267
(Provision for) benefit from income taxes 14,446 (108,422) (25,270) (76,800)
Net income (loss) (45,706) 376,891 88,797 265,467
Preferred stock dividends 0 (4,363) 0 (8,678)
Net income (loss) available to common stockholders $ (45,706) $ 372,528 $ 88,797 $ 256,789
Net income (loss) per share:        
Basic (in dollars per share) $ (0.17) $ 1.60 $ 0.32 $ 1.10
Diluted (in dollars per share) $ (0.17) $ 1.36 $ 0.32 $ 0.96
Weighted average shares outstanding:        
Basic (in shares) 276,669 232,045 276,610 232,011
Diluted (in shares) 276,669 277,614 276,610 277,485
Common stock dividends declared (in dollars per share) $ 0.125 $ 0 $ 0.25 $ 0
Total natural gas and oil sales        
Revenues:        
Total natural gas and oil sales $ 229,752 $ 861,342 $ 609,726 $ 1,386,183
Natural gas sales        
Revenues:        
Total natural gas and oil sales 228,892 858,838 606,924 1,381,795
Oil sales        
Revenues:        
Total natural gas and oil sales 860 2,504 2,802 4,388
Gas services        
Revenues:        
Total natural gas and oil sales $ 58,459 $ 84,912 $ 168,063 $ 129,485