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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2018
Segment Reporting [Abstract] |
Industry Segment Results | Industry segment results for the three months ended June 30, 2018:
| Marcellus Shale |  | Utica Shale |  | Coalbed Methane |  | Other Gas |  | Total E&P |  | Midstream |  | Unallocated |  | Intercompany Eliminations |  | Consolidated |
Natural Gas, NGLs and Oil Revenue | $ | 178,305 |  |  | $ | 107,758 |  |  | $ | 46,882 |  |  | $ | 1,572 |  |  | $ | 334,517 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 334,517 |  | (A)
Purchased Gas Revenue | — |  |  | — |  |  | — |  |  | 9,930 |  |  | 9,930 |  |  | — |  |  | — |  |  | — |  |  | 9,930 |  |
Midstream Revenue | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 61,325 |  |  | — |  |  | (37,842 | ) |  | 23,483 |  |
Gain on Commodity Derivative Instruments | 9,128 |  |  | 5,371 |  |  | 2,155 |  |  | 9,006 |  |  | 25,660 |  |  | — |  |  | — |  |  | — |  |  | 25,660 |  |
Other Operating Income | — |  |  | — |  |  | — |  |  | 8,595 |  |  | 8,595 |  |  | — |  |  | — |  |  | (61 | ) |  | 8,534 |  | (B)
Total Revenue and Other Operating Income | $ | 187,433 |  |  | $ | 113,129 |  |  | $ | 49,037 |  |  | $ | 29,103 |  |  | $ | 378,702 |  |  | $ | 61,325 |  |  | $ | — |  |  | $ | (37,903 | ) |  | $ | 402,124 |  |
Earnings (Loss) From Continuing Operations Before Income Tax | $ | 47,273 |  |  | $ | 46,486 |  |  | $ | 12,405 |  |  | $ | (64,039 | ) |  | $ | 42,125 |  |  | $ | 27,795 |  |  | $ | (39,628 | ) |  | $ | — |  |  | $ | 30,292 |  |
Segment Assets |  |  |  |  |  |  |  |  | $ | 6,055,545 |  |  | $ | 1,830,007 |  |  | $ | 333,372 |  |  | $ | (11,166 | ) |  | $ | 8,207,758 |  | (C)
Depreciation, Depletion and Amortization |  |  |  |  |  |  |  |  | $ | 111,125 |  |  | $ | 7,962 |  |  | $ | — |  |  | $ | — |  |  | $ | 119,087 |  |
Capital Expenditures |  |  |  |  |  |  |  |  | $ | 238,889 |  |  | $ | 25,285 |  |  | $ | — |  |  | $ | — |  |  | $ | 264,174 |  |
(A) | Included in Total Natural Gas, NGLs and Oil Revenue are sales of $36,849 to NJR Energy Services Company and $34,644 to Direct Energy Business Marketing LLC, each of which comprises over 10% of sales.
(B) | Includes equity in earnings of unconsolidated affiliates of $1,669 for Total E&P.
(C) | Includes investments in unconsolidated equity affiliates of $22,347 for Total E&P.
Industry segment results for the three months ended June 30, 2017:
| Marcellus Shale |  | Utica Shale |  | Coalbed Methane |  | Other Gas |  | Total E&P |  | Unallocated |  | Consolidated |
Natural Gas, NGLs and Oil Revenue | $ | 154,424 |  |  | $ | 39,450 |  |  | $ | 51,973 |  |  | $ | 14,459 |  |  | $ | 260,306 |  |  | $ | — |  |  | $ | 260,306 |  | (D)
Purchased Gas Revenue | — |  |  | — |  |  | — |  |  | 10,316 |  |  | 10,316 |  |  | — |  |  | 10,316 |  |
(Loss) Gain on Commodity Derivative Instruments | (21,545 | ) |  | (2,063 | ) |  | (6,788 | ) |  | 114,184 |  |  | 83,788 |  |  | — |  |  | 83,788 |  |
Other Operating Income | — |  |  | — |  |  | — |  |  | 16,658 |  |  | 16,658 |  |  | — |  |  | 16,658 |  |
Total Revenue and Other Operating Income | $ | 132,879 |  |  | $ | 37,387 |  |  | $ | 45,185 |  |  | $ | 155,617 |  |  | $ | 371,068 |  |  | $ | — |  |  | $ | 371,068 |  |
Earnings (Loss) From Continuing Operations Before Income Tax | $ | 16,411 |  |  | $ | 9,063 |  |  | $ | (36 | ) |  | $ | 25,257 |  |  | $ | 50,695 |  |  | $ | 129,070 |  |  | $ | 179,765 |  | (E)
Segment Assets |  |  |  |  |  |  |  |  | $ | 6,194,820 |  |  | $ | 2,830,375 |  |  | $ | 9,025,195 |  | (F)
Depreciation, Depletion and Amortization |  |  |  |  |  |  |  |  | $ | 91,640 |  |  | $ | — |  |  | $ | 91,640 |  |
Capital Expenditures |  |  |  |  |  |  |  |  | $ | 145,839 |  |  | $ | — |  |  | $ | 145,839 |  |
(D) | Included in Total Natural Gas, NGLs and Oil Revenue are sales of $40,273 to Direct Energy Business Marketing LLC and $34,733 to NJR Energy Services Company, each of which comprises over 10% of sales.
(E) | Includes equity in earnings of unconsolidated affiliates of $10,055 for Total E&P.
(F) | Includes investments in unconsolidated equity affiliates of $188,649 for Total E&P.
Industry segment results for the six months ended June 30, 2018:
| Marcellus Shale |  | Utica Shale |  | Coalbed Methane |  | Other Gas |  | Total E&P |  | Midstream |  | Unallocated |  | Intercompany Eliminations |  | Consolidated |
Natural Gas, NGLs and Oil Revenue | $ | 383,321 |  |  | $ | 238,080 |  |  | $ | 104,383 |  |  | $ | 14,356 |  |  | $ | 740,140 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 740,140 |  | (A)
Purchased Gas Revenue | — |  |  | — |  |  |  |  | 27,985 |  |  | 27,985 |  |  | — |  |  | — |  |  | — |  |  | 27,985 |  |
Midstream Revenue | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 125,503 |  |  | — |  |  | (75,766 | ) |  | 49,737 |  |
(Loss) Gain on Commodity Derivative Instruments | (385 | ) | — |  | 897 |  |  | (275 | ) |  | 60,510 |  |  | 60,747 |  |  | — |  |  | — |  |  | — |  |  | 60,747 |  |
Other Operating Income | — |  |  | — |  |  | — |  |  | 19,386 |  |  | 19,386 |  |  | — |  |  | — |  |  | (142 | ) |  | 19,244 |  | (B)
Total Revenue and Other Operating Income | $ | 382,936 |  |  | $ | 238,977 |  |  | $ | 104,108 |  |  | $ | 122,237 |  |  | $ | 848,258 |  |  | $ | 125,503 |  |  | $ | — |  |  | $ | (75,908 | ) |  | $ | 897,853 |  |
Earnings (Loss) From Continuing Operations Before Income Tax | $ | 91,515 |  |  | $ | 102,593 |  |  | $ | 25,522 |  |  | $ | (77,695 | ) |  | $ | 141,935 |  |  | $ | 63,329 |  |  | $ | 584,268 |  |  | $ | — |  |  | $ | 789,532 |  |
Segment Assets |  |  |  |  |  |  |  |  | $ | 6,055,545 |  |  | $ | 1,830,007 |  |  | $ | 333,372 |  |  | $ | (11,166 | ) |  | $ | 8,207,758 |  | (C)
Depreciation, Depletion and Amortization |  |  |  |  |  |  |  |  | $ | 226,991 |  |  | $ | 16,763 |  |  | $ | — |  |  | $ | — |  |  | $ | 243,754 |  |
Capital Expenditures |  |  |  |  |  |  |  |  | $ | 455,397 |  |  | $ | 41,262 |  |  | $ | — |  |  | $ | — |  |  | $ | 496,659 |  |
(A) | Included in Total Natural Gas, NGLs and Oil Revenue are sales of $115,845 to NJR Energy Services Company and $92,571 to Direct Energy Business Marketing LLC, each of which comprises over 10% of sales.
(B) | Includes equity in earnings of unconsolidated affiliates of $3,447 for Total E&P
(C) | Includes investments in unconsolidated equity affiliates of $22,347 for Total E&P.
Industry segment results for the six months ended June 30, 2017:
| Marcellus Shale |  | Utica Shale |  | Coalbed Methane |  | Other Gas |  | Total E&P |  | Unallocated |  | Consolidated |
Natural Gas, NGLs and Oil Revenue | $ | 343,599 |  |  | $ | 93,118 |  |  | $ | 110,600 |  |  | $ | 30,752 |  |  | $ | 578,069 |  |  | $ | — |  |  | $ | 578,069 |  | (D)
Purchased Gas Revenue | — |  |  | — |  |  | — |  |  | 19,294 |  |  | 19,294 |  |  | — |  |  | 19,294 |  |
(Loss) Gain on Commodity Derivative Instruments | (54,210 | ) |  | (4,751 | ) |  | (15,987 | ) |  | 136,273 |  |  | 61,325 |  |  | — |  |  | 61,325 |  |
Other Operating Income | — |  |  | — |  |  | — |  |  | 32,308 |  |  | 32,308 |  |  | — |  |  | 32,308 |  |
Total Revenue and Other Operating Income | $ | 289,389 |  |  | $ | 88,367 |  |  | $ | 94,613 |  |  | $ | 218,627 |  |  | $ | 690,996 |  |  | $ | — |  |  | $ | 690,996 |  |
Earnings (Loss) From Continuing Operations Before Income Tax | $ | 46,380 |  |  | $ | 26,870 |  |  | $ | 3,572 |  |  | $ | (165,298 | ) |  | $ | (88,476 | ) |  | $ | 129,813 |  |  | $ | 41,337 |  | (E)
Segment Assets |  |  |  |  |  |  |  |  | $ | 6,194,820 |  |  | $ | 2,830,375 |  |  | $ | 9,025,195 |  | (F)
Depreciation, Depletion and Amortization |  |  |  |  |  |  |  |  | $ | 187,318 |  |  | $ | — |  |  | $ | 187,318 |  |
Capital Expenditures |  |  |  |  |  |  |  |  | $ | 249,962 |  |  | $ | — |  |  | $ | 249,962 |  |
(D) | Included in Total Natural Gas, NGLs and Oil Revenue are sales of $91,763 to NJR Energy Services Company and $86,639 to Direct Energy Business Marketing LLC, each of which comprises over 10% of sales.
(E) | Includes equity in earnings of unconsolidated affiliates of $22,385 for Total E&P.
(F) | Includes investments in unconsolidated equity affiliates of $188,649 for Total E&P.
Reconciliation of Revenue from Segments to Consolidated | Revenue and Other Operating Income
| For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
2018 |  | 2017 |  | 2018 |  | 2017
Total Segment Revenue from Contracts with External Customers | $ | 367,930 |  |  | $ | 270,622 |  |  | $ | 817,862 |  |  | $ | 597,363 |
Gain on Commodity Derivative Instruments | 25,660 |  |  | 83,788 |  |  | 60,747 |  |  | 61,325 |
Other Operating Income | 8,534 |  |  | 16,658 |  |  | 19,244 |  |  | 32,308 |
Total Consolidated Revenue and Other Operating Income | $ | 402,124 |  |  | $ | 371,068 |  |  | $ | 897,853 |  |  | $ | 690,996 |
Reconciliation of Revenue and Operating Income from Segments to Consolidated | Income From Continuing Operations Before Income Tax:
| For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
| 2018 |  | 2017 |  | 2018 |  | 2017
Segment Income (Loss) Before Income Taxes for reportable business segments: |  |  |  |  |  |  |
Total E&P | $ | 42,125 |  |  | $ | 50,695 |  |  | $ | 141,935 |  |  | $ | (88,476 | )
Midstream | 27,795 |  |  | — |  |  | 63,329 |  |  | — |
Total Segment Income (Loss) Before Income Taxes for reportable business segments | 69,920 |  |  | 50,695 |  |  | 205,264 |  |  | (88,476 | )
Unallocated Expenses: |  |  |  |  |  |  |
Other (Expense) Income | (575 | ) |  | (5,475 | ) |  | 5,917 |  |  | $ | (9,550 | )
Gain on Certain Asset Sales | 3,010 |  |  | 134,581 |  |  | 12,386 |  |  | 138,577 |
Gain on Previously Held Equity Interest | — |  |  | — |  |  | 623,663 |  |  | — |
(Loss) Gain on Debt Extinguishment | (23,413 | ) |  | (36 | ) |  | (39,048 | ) |  | 786 |
Impairment of Other Intangible Assets | (18,650 | ) |  | — |  |  | (18,650 | ) |  | — |
Income From Continuing Operations Before Income Tax | $ | 30,292 |  |  | $ | 179,765 |  |  | $ | 789,532 |  |  | $ | 41,337 |
Reconciliation of Assets and Liabilities from Segment to Consolidated | Total Assets:
| June 30,
2018 |  | 2017
Segment assets for total reportable business segments |  |  |
E&P | $ | 6,055,545 |  |  | $ | 6,194,820 |
Midstream | 1,830,007 |  |  | — |
Intercompany Eliminations | (11,166 | ) |  | — |
Items excluded from segment assets: |  |  |
Cash and Cash Equivalents | 54,846 |  |  | 291,535 |
Recoverable Income Taxes | 27,780 |  |  | 112,073 |
Deferred Income Taxes | — |  |  | — |
Assets Held for Sale | 250,746 |  |  | — |
Discontinued Operations | — |  |  | 2,426,767 |
Total Consolidated Assets | $ | 8,207,758 |  |  | $ | 9,025,195 |

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