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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2020
Segment Reporting [Abstract] |
Industry Segment Results | Industry segment results for the three months ended June 30, 2020:
| Marcellus Shale |  | Utica Shale |  | Coalbed Methane |  | Other Gas |  | Total E&P |  | Midstream |  | Unallocated |  | Intercompany Eliminations |  | Consolidated |
Natural Gas, NGL and Oil Revenue | $ | 123,480 |  |  | $ | 29,147 |  |  | $ | 22,929 |  |  | $ | 220 |  |  | $ | 175,776 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 175,776 |  | (A)
Purchased Gas Revenue | — |  |  | — |  |  | — |  |  | 20,424 |  |  | 20,424 |  |  | — |  |  | — |  |  | — |  |  | 20,424 |  |
Midstream Revenue | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 66,149 |  |  | — |  |  | (53,958) |  |  | 12,191 |  |
Gain (Loss) on Commodity Derivative Instruments | 79,006 |  |  | 21,257 |  |  | 13,005 |  |  | (176,571) |  |  | (63,303) |  |  | — |  |  | — |  |  | — |  |  | (63,303) |  | (B)
Other Operating Income | — |  |  | — |  |  | — |  |  | 4,248 |  |  | 4,248 |  |  | — |  |  | — |  |  | (495) |  |  | 3,753 |  | (C)
Total Revenue and Other Operating Income | $ | 202,486 |  |  | $ | 50,404 |  |  | $ | 35,934 |  |  | $ | (151,679) |  |  | $ | 137,145 |  |  | $ | 66,149 |  |  | $ | — |  |  | $ | (54,453) |  |  | $ | 148,841 |  |
Total Operating Expense | $ | 144,857 |  |  | $ | 42,876 |  |  | $ | 29,420 |  |  | $ | 74,617 |  |  | $ | 291,770 |  |  | $ | 25,195 |  |  | $ | — |  |  | $ | (54,453) |  |  | $ | 262,512 |  | (D)
Earnings (Loss) Before Income Tax | $ | 57,629 |  |  | $ | 7,528 |  |  | $ | 6,514 |  |  | $ | (263,934) |  |  | $ | (192,263) |  |  | $ | 30,296 |  |  | $ | 2,835 |  |  | $ | — |  |  | $ | (159,132) |  |
Segment Assets |  |  |  |  |  |  |  |  | $ | 6,584,989 |  |  | $ | 1,754,639 |  |  | $ | 134,047 |  |  | $ | (153,991) |  |  | $ | 8,319,684 |  | (E)
Depreciation, Depletion and Amortization |  |  |  |  |  |  |  |  | $ | 102,901 |  |  | $ | 10,644 |  |  | $ | — |  |  | $ | — |  |  | $ | 113,545 |  |
Capital Expenditures |  |  |  |  |  |  |  |  | $ | 120,474 |  |  | $ | 14,378 |  |  | $ | — |  |  | $ | — |  |  | $ | 134,852 |  |
(A) Included in Total Natural Gas, NGL and Oil Revenue are sales of $33,711 to Direct Energy Business Marketing LLC, which comprises over 10% of revenue from contracts with external customers for the period. (B) Included in Other Gas is a realized gain on commodity derivative instruments of $29,015 related to the monetization of hedges (see Note 11 - Derivative Instruments for more information). (C) Includes equity in loss of unconsolidated affiliates of $1,259 for Total E&P. (D) Included in Marcellus and Utica are $51,903 and $2,055, respectively, of intercompany gathering fees. (E) Includes investments in unconsolidated equity affiliates of $15,159 for Total E&P. 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, NGL and Oil Revenue | $ | 237,257 |  |  | $ | 65,213 |  |  | $ | 39,638 |  |  | $ | 757 |  |  | $ | 342,865 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 342,865 |  | (F)
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 |  | (G)
Total Revenue and Other Operating Income | $ | 244,088 |  |  | $ | 67,960 |  |  | $ | 40,723 |  |  | $ | 233,481 |  |  | $ | 586,252 |  |  | $ | 78,450 |  |  | $ | — |  |  | $ | (59,670) |  |  | $ | 605,032 |  |
Total Operating Expense | $ | 193,707 |  |  | $ | 50,019 |  |  | $ | 33,120 |  |  | $ | 88,673 |  |  | $ | 365,519 |  |  | $ | 25,955 |  |  | $ | — |  |  | $ | (59,670) |  |  | $ | 331,804 |  | (H)
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 |  | (I)
Depreciation, Depletion and Amortization |  |  |  |  |  |  |  |  | $ | 120,705 |  |  | $ | 8,294 |  |  | $ | — |  |  | $ | — |  |  | $ | 128,999 |  |
Capital Expenditures |  |  |  |  |  |  |  |  | $ | 224,684 |  |  | $ | 104,543 |  |  | $ | — |  |  | $ | — |  |  | $ | 329,227 |  |
(F) Included in Total Natural Gas, NGL and Oil Revenue are sales of $48,476 to Direct Energy Business Marketing LLC, which comprises over 10% of revenue from contracts with external customers for the period. (G) Includes equity in earnings of unconsolidated affiliates of $527 for Total E&P. (H) Included in Marcellus and Utica are $59,014 and $541, respectively, of intercompany gathering fees. (I) Includes investments in unconsolidated equity affiliates of $17,637 for Total E&P. Industry segment results for the six months ended June 30, 2020:
| Marcellus Shale |  | Utica Shale |  | Coalbed Methane |  | Other Gas |  | Total E&P |  | Midstream |  | Unallocated |  | Intercompany Eliminations |  | Consolidated |
Natural Gas, NGL and Oil Revenue | $ | 302,524 |  |  | $ | 70,597 |  |  | $ | 53,652 |  |  | $ | 497 |  |  | $ | 427,270 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 427,270 |  | (A)
Purchased Gas Revenue | — |  |  | — |  |  | — |  |  | 46,783 |  |  | 46,783 |  |  | — |  |  | — |  |  | — |  |  | 46,783 |  |
Midstream Revenue | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 146,490 |  |  | — |  |  | (115,893) |  |  | 30,597 |  |
Gain (Loss) on Commodity Derivative Instruments | 147,458 |  |  | 39,257 |  |  | 22,692 |  |  | (157,568) |  |  | 51,839 |  |  | — |  |  | — |  |  | — |  |  | 51,839 |  | (B)
Other Operating Income | — |  |  | — |  |  | — |  |  | 9,714 |  |  | 9,714 |  |  | — |  |  | — |  |  | (1,003) |  |  | 8,711 |  | (C)
Total Revenue and Other Operating Income | $ | 449,982 |  |  | $ | 109,854 |  |  | $ | 76,344 |  |  | $ | (100,574) |  |  | $ | 535,606 |  |  | $ | 146,490 |  |  | $ | — |  |  | $ | (116,896) |  |  | $ | 565,200 |  |
Total Operating Expense | $ | 328,029 |  |  | $ | 91,693 |  |  | $ | 63,674 |  |  | $ | 213,202 |  |  | $ | 696,598 |  |  | $ | 526,109 |  |  | $ | — |  |  | $ | (116,896) |  |  | $ | 1,105,811 |  | (D)
Earnings (Loss) Before Income Tax | $ | 121,953 |  |  | $ | 18,161 |  |  | $ | 12,670 |  |  | $ | (391,600) |  |  | $ | (238,816) |  |  | $ | (399,248) |  |  | $ | 21,127 |  |  | $ | — |  |  | $ | (616,937) |  |
Segment Assets |  |  |  |  |  |  |  |  | $ | 6,584,989 |  |  | $ | 1,754,639 |  |  | $ | 134,047 |  |  | $ | (153,991) |  |  | $ | 8,319,684 |  | (E)
Depreciation, Depletion and Amortization |  |  |  |  |  |  |  |  | $ | 222,053 |  |  | $ | 20,656 |  |  | $ | — |  |  | $ | — |  |  | $ | 242,709 |  |
Capital Expenditures |  |  |  |  |  |  |  |  | $ | 239,867 |  |  | $ | 47,034 |  |  | $ | — |  |  | $ | — |  |  | $ | 286,901 |  |
(A) Included in Total Natural Gas, NGL and Oil Revenue are sales of $79,367 to Direct Energy Business Marketing LLC, which comprises over 10% of revenue from contracts with external customers for the period. (B) Included in Other Gas is a realized gain on commodity derivative instruments of $83,997 related to the monetization of hedges (see Note 11 - Derivative Instruments for more information). (C) Includes equity in loss of unconsolidated affiliates of $1,421 for Total E&P. (D) Included in Marcellus and Utica are $111,079 and $4,814 , respectively, of intercompany gathering fees. Included in Midstream is a goodwill impairment charge of $473,045 (See Note 6 - Goodwill and Other Intangible Assets for more information). (E) Includes investments in unconsolidated equity affiliates of 15,159 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, NGL and Oil Revenue | $ | 530,514 |  |  | $ | 158,164 |  |  | $ | 89,473 |  |  | $ | 660 |  |  | $ | 778,811 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 778,811 |  | (F)
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 |  | (G)
Total Revenue and Other Operating Income | $ | 509,887 |  |  | $ | 151,310 |  |  | $ | 86,256 |  |  | $ | 98,848 |  |  | $ | 846,301 |  |  | $ | 151,019 |  |  | $ | — |  |  | $ | (113,857) |  |  | $ | 883,463 |  |
Total Operating Expense | $ | 372,575 |  |  | $ | 101,365 |  |  | $ | 65,754 |  |  | $ | 163,877 |  |  | $ | 703,571 |  |  | $ | 50,919 |  |  | $ | — |  |  | $ | (113,857) |  |  | $ | 640,633 |  | (H)
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 |  | (I)
Depreciation, Depletion and Amortization |  |  |  |  |  |  |  |  | $ | 237,780 |  |  | $ | 16,379 |  |  | $ | — |  |  | $ | — |  |  | $ | 254,159 |  |
Capital Expenditures |  |  |  |  |  |  |  |  | $ | 448,475 |  |  | $ | 179,890 |  |  | $ | — |  |  | $ | — |  |  | $ | 628,365 |  |
(F) Included in Total Natural Gas, NGL 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 comprises over 10% of revenue from contracts with external customers for the period. (G) Includes equity in earnings of unconsolidated affiliates of $1,030 for Total E&P. (H) Included in Marcellus and Utica are $112,476 and $1,205 , respectively, of intercompany gathering fees. (I) Includes investments in unconsolidated equity affiliates of $17,637 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, |  |
| 2020 |  | 2019 |  | 2020 |  | 2019
Total Segment Revenue from Contracts with External Customers | $ | 208,391 |  |  | $ | 380,528 |  |  | $ | 504,650 |  |  | $ | 851,138 |
(Loss) Gain on Commodity Derivative Instruments | (63,303) |  |  | 221,581 |  |  | 51,839 |  |  | 26,205 |
Other Operating Income | 3,753 |  |  | 2,923 |  |  | 8,711 |  |  | 6,120 |
Total Consolidated Revenue and Other Operating Income | $ | 148,841 |  |  | $ | 605,032 |  |  | $ | 565,200 |  |  | $ | 883,463 |
Reconciliation of Revenue and Operating Income from Segments to Consolidated | Loss Before Income Tax:
| For the Three Months Ended June 30, |  |  |  | For the Six Months Ended June 30, |  |
| 2020 |  | 2019 |  | 2020 |  | 2019
Segment (Loss) Earnings Before Income Taxes for Reportable Business Segments: |  |  |  |  |  |  |
E&P | $ | (192,263) |  |  | $ | 188,260 |  |  | $ | (238,816) |  |  | $ | 81,830 |
Midstream | 30,296 |  |  | 44,414 |  |  | (399,248) |  |  | 76,998 |
Total Segment (Loss) Earnings Before Income Taxes for Reportable Business Segments | $ | (161,967) |  |  | $ | 232,674 |  |  | $ | (638,064) |  |  | $ | 158,828 |
Unallocated Expenses: |  |  |  |  |  |  |
Other (Expense) Income | (4,547) |  |  | 501 |  |  | (9,561) |  |  | 1,531 |
Gain on Certain Asset Sales | 7,726 |  |  | 387 |  |  | 19,769 |  |  | 4,530 |
(Loss) Gain on Debt Extinguishment | (344) |  |  | (77) |  |  | 10,919 |  |  | (7,614) |
(Loss) Earnings Before Income Tax | $ | (159,132) |  |  | $ | 233,485 |  |  | $ | (616,937) |  |  | $ | 157,275 |
Reconciliation of Assets and Liabilities from Segment to Consolidated | Total Assets:
| June 30, |  |
| 2020 |  | 2019
Segment Assets for Total Reportable Business Segments: |  |  |
E&P | $ | 6,584,989 |  |  | $ | 6,887,043 |
Midstream | 1,754,639 |  |  | 2,116,492 |
Intercompany Eliminations | (153,991) |  |  | (3,041) |
Items Excluded from Segment Assets: |  |  |
Cash and Cash Equivalents | 19,607 |  |  | 32,611 |
Recoverable Income Taxes | 114,440 |  |  | 113,592 |
Total Consolidated Assets | $ | 8,319,684 |  |  | $ | 9,146,697 |

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