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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Total natural gas and oil sales $ 376,737 $ 1,190,005 $ 1,154,526 $ 2,705,673
Operating expenses:        
Production and ad valorem taxes 25,386 24,531 59,891 60,080
Gathering and transportation 47,012 44,740 137,981 113,797
Lease operating 31,664 28,608 100,525 79,873
Exploration 0 0 1,775 3,363
Depreciation, depletion and amortization 148,190 129,065 422,350 354,994
Gas services 67,632 181,818 224,317 305,271
General and administrative 9,586 10,165 31,992 27,451
Loss (gain) on sale of assets 0 0 (125) (21)
Total operating expenses 329,470 418,927 978,706 944,808
Operating income 47,267 771,078 175,820 1,760,865
Other income (expenses):        
Gain (loss) from derivative financial instruments 14,276 (271,335) 76,190 (781,654)
Other income 409 56 1,467 506
Interest expense (43,624) (41,393) (121,082) (132,204)
Loss on early retirement of debt 0 (0) 0 (46,840)
Total other expenses (28,939) (312,672) (43,425) (960,192)
Income before income taxes 18,328 458,406 132,395 800,673
Provision for income taxes (3,608) (102,810) (28,878) (179,610)
Net income 14,720 355,596 103,517 621,063
Preferred stock dividends 0 (4,411) 0 (13,089)
Net income available to common stockholders $ 14,720 $ 351,185 $ 103,517 $ 607,974
Net income per share:        
Basic (in dollars per share) $ 0.05 $ 1.5 $ 0.37 $ 2.61
Diluted (in dollars per share) $ 0.05 $ 1.28 $ 0.37 $ 2.24
Weighted average shares outstanding:        
Basic (in shares) 276,999 232,482 276,741 232,170
Diluted (in shares) 276,999 277,715 276,741 277,605
Common stock dividends declared (in dollars per share) $ 0.125 $ 0 $ 0.375 $ 0
Total natural gas and oil sales        
Revenues:        
Total natural gas and oil sales $ 305,450 $ 996,915 $ 915,176 $ 2,383,098
Natural gas sales        
Revenues:        
Total natural gas and oil sales 304,141 994,979 911,065 2,376,774
Oil sales        
Revenues:        
Total natural gas and oil sales 1,309 1,936 4,111 6,324
Gas services        
Revenues:        
Total natural gas and oil sales $ 71,287 $ 193,090 $ 239,350 $ 322,575