Business Segment Information (Tables)

3 Months Ended

Mar. 31, 2021

The following table summarizes financial information for the Company’s two business segments for the periods presented:


	E&P		Midstream		Eliminations		Consolidated


	(In thousands)
Successor
Three months ended March 31, 2021:
Revenues from non-affiliates	$	282,698	$	72,761	$	—	$	355,459
Inter-segment revenues	—		41,356		(41,356)		—
Total revenues	282,698		114,117		(41,356)		355,459
Operating income	103,180		48,667		(1,012)		150,835
Total other income (expense), net	(185,896)		(3,858)		—		(189,754)
Income (loss) before income taxes including non-controlling interests	$	(82,716)	$	44,809	$	(1,012)	$	(38,919)
Lease operating expenses	$	51,064	$	—	$	(15,804)	$	35,260
Gathering, processing and transportation expenses	28,105		—		(12,394)		15,711
General and administrative expenses	15,675		8,560		(3,498)		20,737
Equity-based compensation expenses	1,688		510		—		2,198

Predecessor
Three months ended March 31, 2020:
Revenues from non-affiliates	$	331,387	$	56,411	$	—	$	387,798
Inter-segment revenues	—		68,544		(68,544)		—
Total revenues	331,387		124,955		(68,544)		387,798


Operating loss	(4,817,255)		(42,226)		(3,047)		(4,862,528)
Total other income (expense), net	303,998		(30,483)		—		273,515
Loss before income taxes including non-controlling interests	$	(4,513,257)	$	(72,709)	$	(3,047)	$	(4,589,013)
Lease operating expenses	$	65,813	$	—	$	(16,044)	$	49,769
Gathering, processing and transportation expenses	42,714		—		(13,250)		29,464
General and administrative expenses	26,673		8,602		(4,101)		31,174
Equity-based compensation expenses	6,596		428		(217)		6,807





















Successor
At March 31, 2021:
Property, plant and equipment, net	$	836,605	$	883,730	$	(786)	$	1,719,549
Total assets	1,244,395		1,053,569		(786)		2,297,178
At December 31, 2020:
Property, plant and equipment, net	$	837,020	$	892,043	$	(276)	$	1,728,787
Total assets	1,093,253		1,066,060		(276)		2,159,037