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Segment Information (Tables)

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Industry Segment Results

Industry segment results for the three months ended June 30, 2019:

	Marcellus Shale				Utica Shale				Coalbed Methane				Other Gas				Total E&P				Midstream				Unallocated				Intercompany Eliminations				Consolidated
Natural Gas, NGLs and Oil Revenue	$	237,257			$	65,213			$	39,638			$	757			$	342,865			$	—			$	—			$	—			$	342,865		(A)
Purchased Gas Revenue	—				—				—				18,768				18,768				—				—				—				18,768
Midstream Revenue	—				—				—				—				—				78,450				—				(59,555		)		18,895
Gain on Commodity Derivative Instruments	6,831				2,747				1,085				210,918				221,581				—				—				—				221,581
Other Operating Income	—				—				—				3,038				3,038				—				—				(115		)		2,923			(B)
Total Revenue and Other Operating Income	$	244,088			$	67,960			$	40,723			$	233,481			$	586,252			$	78,450			$	—			$	(59,670	)		$	605,032
Earnings Before Income Tax	$	50,381			$	17,941			$	7,603			$	112,335			$	188,260			$	44,414			$	811			$	—			$	233,485
Segment Assets																	$	6,887,043			$	2,116,492			$	146,203			$	(3,041	)		$	9,146,697		(C)
Depreciation, Depletion and Amortization																	$	120,705			$	8,294			$	—							$	128,999
Capital Expenditures																	$	224,684			$	104,543			$	—			$	—			$	329,227

(A) Included in Total Natural Gas, NGLs and Oil Revenue are sales of $48,476 to Direct Energy Business Marketing LLC, which comprises over 10% of revenue from contracts with customers for the period.

(B) Includes equity in earnings of unconsolidated affiliates of $527 for Total E&P.

(C) Includes investments in unconsolidated equity affiliates of $17,637 for Total E&P.

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		(D)
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			(E)
Total Revenue and Other Operating Income	$	187,433			$	113,129			$	49,037			$	29,103			$	378,702			$	61,325			$	—			$	(37,903	)		$	402,124
Earnings (Loss) 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		(F)
Depreciation, Depletion and Amortization																	$	111,125			$	7,962			$	—			$	—			$	119,087
Capital Expenditures																	$	238,889			$	25,285			$	—			$	—			$	264,174

(D) 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 revenue from contracts with customers for the period.

(E) Includes equity in earnings of unconsolidated affiliates of $1,669 for Total E&P.

(F) Includes investments in unconsolidated equity affiliates of $22,347 for Total E&P.

Industry segment results for the six months ended June 30, 2019:

	Marcellus Shale				Utica Shale				Coalbed Methane				Other Gas				Total E&P				Midstream				Unallocated				Intercompany Eliminations				Consolidated
Natural Gas, NGLs and Oil Revenue	$	530,514			$	158,164			$	89,473			$	660			$	778,811			$	—			$	—			$	—			$	778,811		(A)
Purchased Gas Revenue	—				—				—				34,989				34,989				—				—				—				34,989
Midstream Revenue	—				—				—				—				—				151,019				—				(113,681		)		37,338
(Loss) Gain on Commodity Derivative Instruments	(20,627		)		(6,854		)		(3,217		)		56,903				26,205				—				—				—				26,205
Other Operating Income	—				—				—				6,296				6,296				—				—				(176		)		6,120			(B)
Total Revenue and Other Operating Income	$	509,887			$	151,310			$	86,256			$	98,848			$	846,301			$	151,019			$	—			$	(113,857	)		$	883,463
Earnings (Loss) Before Income Tax	$	137,312			$	49,945			$	20,502			$	(125,929	)		$	81,830			$	76,998			$	(1,553	)		$	—			$	157,275
Segment Assets																	$	6,887,043			$	2,116,492			$	146,203			$	(3,041	)		$	9,146,697		(C)
Depreciation, Depletion and Amortization																	$	237,780			$	16,379			$	—			$	—			$	254,159
Capital Expenditures																	$	448,475			$	179,890			$	—			$	—			$	628,365

(A) Included in Total Natural Gas, NGLs and Oil Revenue are sales of $116,245 to Direct Energy Business Marketing LLC and $94,447 to NJR Energy Services Company, each of which comprise over 10% of revenue from contracts with customers for the period.

(B) Includes equity in earnings of unconsolidated affiliates of $1,030 for Total E&P.

(C) Includes investments in unconsolidated equity affiliates of $17,637 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		(D)
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			(E)
Total Revenue and Other Operating Income	$	382,936			$	238,977			$	104,108			$	122,237			$	848,258			$	125,503			$	—			$	(75,908	)		$	897,853
Earnings (Loss) 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		(F)
Depreciation, Depletion and Amortization																	$	226,991			$	16,763			$	—			$	—			$	243,754
Capital Expenditures																	$	455,397			$	41,262			$	—			$	—			$	496,659

(D) 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 revenue from contracts with customers for the period.

(E) Includes equity in earnings of unconsolidated affiliates of $3,447 for Total E&P.

(F)

Includes investments in unconsolidated equity affiliates of $22,347 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,
	2019				2018				2019				2018
Total Segment Revenue from Contracts with External Customers	$	380,528			$	367,930			$	851,138			$	817,862
Gain on Commodity Derivative Instruments	221,581				25,660				26,205				60,747
Other Operating Income	2,923				8,534				6,120				19,244
Total Consolidated Revenue and Other Operating Income	$	605,032			$	402,124			$	883,463			$	897,853

Reconciliation of Revenue and Operating Income from Segments to Consolidated

Earnings Before Income Tax: 

	For the Three Months Ended June 30,								For the Six Months Ended June 30,
	2019				2018				2019				2018
Segment Income Before Income Taxes for Reportable Business Segments:
Total E&P	$	188,260			$	42,125			$	81,830			$	141,935
Midstream	44,414				27,795				76,998				63,329
Total Segment Income Before Income Taxes for Reportable Business Segments	$	232,674			$	69,920			$	158,828			$	205,264
Unallocated Expenses:
Other Income (Expense)	501				(575		)		1,531				5,917
Gain on Certain Asset Sales	387				3,010				4,530				12,386
Gain on Previously Held Equity Interest	—				—				—				623,663
Loss on Debt Extinguishment	(77		)		(23,413		)		(7,614		)		(39,048		)
Impairment of Other Intangible Assets	—				(18,650		)		—				(18,650		)
Earnings Before Income Tax	$	233,485			$	30,292			$	157,275			$	789,532

Reconciliation of Assets and Liabilities from Segment to Consolidated

Total Assets:

	June 30,
	2019				2018
Segment Assets for Total Reportable Business Segments:
E&P	$	6,887,043			$	6,055,545
Midstream	2,116,492				1,830,007
Intercompany Eliminations	(3,041		)		(11,166		)
Items Excluded from Segment Assets:
Cash and Cash Equivalents	32,611				54,846
Recoverable Income Taxes	113,592				27,780
Assets Held for Sale	—				250,746
Total Consolidated Assets	$	9,146,697			$	8,207,758

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