XML 56 R44.htm IDEA: XBRL DOCUMENT v3.10.0.1

Segment Information (Tables)

6 Months Ended

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

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8924-108599

+ Details

Name:	us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8924-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599

+ Details

Name:	us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8924-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599

+ Details

Name:	us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration