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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2020
Segment Reporting [Abstract] |
Industry Segment Results | Industry segment results for the three months ended September 30, 2020:
|  |  | Shale |  | Coalbed Methane |  | Other |  |  |  |  |  |  |  |  |  | Consolidated |
Natural Gas, NGL and Oil Revenue |  |  | $ | 155,792 |  |  | $ | 25,667 |  |  | $ | 754 |  |  |  |  |  |  |  |  |  |  | $ | 182,213 |  | (A)
Purchased Gas Revenue |  |  | — |  |  | — |  |  | 31,541 |  |  |  |  |  |  |  |  |  |  | 31,541 |  |
Gain (Loss) on Commodity Derivative Instruments |  |  | 79,773 |  |  | 10,518 |  |  | (259,125) |  |  |  |  |  |  |  |  |  |  | (168,834) |  |
Other Revenue and Operating Income |  |  | 16,689 |  |  | — |  |  | 4,466 |  |  |  |  |  |  |  |  |  |  | 21,155 |  | (B)
Total Revenue and Other Operating Income |  |  | $ | 252,254 |  |  | $ | 36,185 |  |  | $ | (222,364) |  |  |  |  |  |  |  |  |  |  | $ | 66,075 |  |
Total Operating Expense |  |  | $ | 165,587 |  |  | $ | 30,439 |  |  | $ | 83,479 |  |  |  |  |  |  |  |  |  |  | $ | 279,505 |  |
Earnings (Loss) Before Income Tax |  |  | $ | 86,667 |  |  | $ | 5,746 |  |  | $ | (342,485) |  |  |  |  |  |  |  |  |  |  | $ | (250,072) |  |
Segment Assets |  |  | $ | 6,070,356 |  |  | $ | 1,125,312 |  |  | $ | 933,506 |  |  |  |  |  |  |  |  |  |  | $ | 8,129,174 |  | (C)
Depreciation, Depletion and Amortization |  |  | $ | 94,617 |  |  | $ | 15,763 |  |  | $ | 4,084 |  |  |  |  |  |  |  |  |  |  | $ | 114,464 |  |
Capital Expenditures |  |  | $ | 105,988 |  |  | $ | 2,310 |  |  | $ | 37 |  |  |  |  |  |  |  |  |  |  | $ | 108,335 |  |
(A) Included in Total Natural Gas, NGL and Oil Revenue are sales of $35,645 to Direct Energy Business Marketing LLC, which comprises over 10% of revenue from contracts with external customers for the period. (B) Includes equity in earnings of unconsolidated affiliates of $396 for Other. (C) Includes investments in unconsolidated equity affiliates of $15,685. Industry segment results for the three months ended September 30, 2019:
|  |  | Shale |  | Coalbed Methane |  | Other |  | Consolidated |  |  |  |  |  |  |  |  |
Natural Gas, NGL and Oil Revenue |  |  | $ | 229,183 |  |  | $ | 35,621 |  |  | $ | 247 |  |  | $ | 265,051 |  |  |  |  |  |  |  |  |  | (D)
Purchased Gas Revenue |  |  | — |  |  | — |  |  | 29,192 |  |  | 29,192 |  |  |  |  |  |  |  |  |  |
Gain on Commodity Derivative Instruments |  |  | 50,982 |  |  | 6,036 |  |  | 156,895 |  |  | 213,913 |  |  |  |  |  |  |  |  |  |
Other Revenue and Operating Income |  |  | 18,525 |  |  | — |  |  | 3,316 |  |  | 21,841 |  |  |  |  |  |  |  |  |  | (E)
Total Revenue and Other Operating Income |  |  | $ | 298,690 |  |  | $ | 41,657 |  |  | $ | 189,650 |  |  | $ | 529,997 |  |  |  |  |  |  |  |  |  |
Total Operating Expense |  |  | $ | 185,452 |  |  | $ | 32,940 |  |  | $ | 80,207 |  |  | $ | 298,599 |  |  |  |  |  |  |  |  |  |
Earnings Before Income Tax |  |  | $ | 113,238 |  |  | $ | 8,717 |  |  | $ | 70,907 |  |  | $ | 192,862 |  |  |  |  |  |  |  |  |  |
Segment Assets |  |  | $ | 6,911,677 |  |  | $ | 1,231,509 |  |  | $ | 1,143,072 |  |  | $ | 9,286,258 |  |  |  |  |  |  |  |  |  | (F)
Depreciation, Depletion and Amortization |  |  | $ | 100,545 |  |  | $ | 17,400 |  |  | $ | 2,514 |  |  | $ | 120,459 |  |  |  |  |  |  |  |  |  |
Capital Expenditures |  |  | $ | 332,640 |  |  | $ | 2,196 |  |  | $ | 1,301 |  |  | $ | 336,137 |  |  |  |  |  |  |  |  |  |
(D) Included in Total Natural Gas, NGL and Oil Revenue are sales of $39,092 to Direct Energy Business Marketing LLC, which comprises over 10% of revenue from contracts with external customers for the period. (E) Includes equity in earnings of unconsolidated affiliates of $673 for Other. (F) Includes investments in unconsolidated equity affiliates of $17,110. Industry segment results for the nine months ended September 30, 2020:
|  |  | Shale |  | Coalbed Methane |  | Other |  | Consolidated |  |  |  |  |  |  |  |  |
Natural Gas, NGL and Oil Revenue |  |  | $ | 528,913 |  |  | $ | 79,319 |  |  | $ | 1,251 |  |  | $ | 609,483 |  |  |  |  |  |  |  |  |  | (A)
Purchased Gas Revenue |  |  | — |  |  | — |  |  | 78,324 |  |  | 78,324 |  |  |  |  |  |  |  |  |  |
Gain (Loss) on Commodity Derivative Instruments |  |  | 266,488 |  |  | 33,210 |  |  | (416,693) |  |  | (116,995) |  |  |  |  |  |  |  |  |  | (B)
Other Revenue and Operating Income |  |  | 47,286 |  |  | — |  |  | 13,177 |  |  | 60,463 |  |  |  |  |  |  |  |  |  | (C)
Total Revenue and Other Operating Income |  |  | $ | 842,687 |  |  | $ | 112,529 |  |  | $ | (323,941) |  |  | $ | 631,275 |  |  |  |  |  |  |  |  |  |
Total Operating Expense |  |  | $ | 511,653 |  |  | $ | 94,113 |  |  | $ | 779,532 |  |  | $ | 1,385,298 |  |  |  |  |  |  |  |  |  |
Earnings (Loss) Before Income Tax |  |  | $ | 331,034 |  |  | $ | 18,416 |  |  | $ | (1,216,459) |  |  | $ | (867,009) |  |  |  |  |  |  |  |  |  |
Segment Assets |  |  | $ | 6,070,356 |  |  | $ | 1,125,312 |  |  | $ | 933,506 |  |  | $ | 8,129,174 |  |  |  |  |  |  |  |  |  | (D)
Depreciation, Depletion and Amortization |  |  | $ | 295,648 |  |  | $ | 49,903 |  |  | $ | 11,623 |  |  | $ | 357,174 |  |  |  |  |  |  |  |  |  |
Capital Expenditures |  |  | $ | 385,763 |  |  | $ | 6,796 |  |  | $ | 2,677 |  |  | $ | 395,236 |  |  |  |  |  |  |  |  |  |
(A) Included in Total Natural Gas, NGL and Oil Revenue are sales of $115,011 to Direct Energy Business Marketing LLC, which comprises over 10% of revenue from contracts with external customers for the period. (B) Included in Other 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 $1,025 for Other. (D) Includes investments in unconsolidated equity affiliates of 15,685. Industry segment results for the nine months ended September 30, 2019:
|  |  | Shale |  | Coalbed Methane |  | Other |  | Consolidated |  |  |  |  |  |  |  |  |
Natural Gas, NGL and Oil Revenue |  |  | $ | 917,862 |  |  | $ | 125,094 |  |  | $ | 906 |  |  | $ | 1,043,862 |  |  |  |  |  |  |  |  |  | (E)
Purchased Gas Revenue |  |  | — |  |  | — |  |  | 64,181 |  |  | 64,181 |  |  |  |  |  |  |  |  |  |
Gain on Commodity Derivative Instruments |  |  | 23,501 |  |  | 2,819 |  |  | 213,798 |  |  | 240,118 |  |  |  |  |  |  |  |  |  |
Other Revenue and Operating Income |  |  | 55,863 |  |  | — |  |  | 9,436 |  |  | 65,299 |  |  |  |  |  |  |  |  |  | (F)
Total Revenue and Other Operating Income |  |  | $ | 997,226 |  |  | $ | 127,913 |  |  | $ | 288,321 |  |  | $ | 1,413,460 |  |  |  |  |  |  |  |  |  |
Total Operating Expense |  |  | $ | 586,030 |  |  | $ | 98,694 |  |  | $ | 254,510 |  |  | $ | 939,234 |  |  |  |  |  |  |  |  |  |
Earnings (Loss) Before Income Tax |  |  | $ | 411,196 |  |  | $ | 29,219 |  |  | $ | (90,278) |  |  | $ | 350,137 |  |  |  |  |  |  |  |  |  |
Segment Assets |  |  | $ | 6,911,677 |  |  | $ | 1,231,509 |  |  | $ | 1,143,072 |  |  | $ | 9,286,258 |  |  |  |  |  |  |  |  |  | (G)
Depreciation, Depletion and Amortization |  |  | $ | 316,596 |  |  | $ | 51,669 |  |  | $ | 6,354 |  |  | $ | 374,619 |  |  |  |  |  |  |  |  |  |
Capital Expenditures |  |  | $ | 951,427 |  |  | $ | 7,752 |  |  | $ | 5,323 |  |  | $ | 964,502 |  |  |  |  |  |  |  |  |  |
(E) Included in Total Natural Gas, NGL and Oil Revenue are sales of $155,337 to Direct Energy Business Marketing LLC and $114,440 to NJR Energy Services Company, each of which comprises over 10% of revenue from contracts with external customers for the period. (F) Includes equity in earnings of unconsolidated affiliates of $1,703 for Other. (G) Includes investments in unconsolidated equity affiliates of $17,110.
Reconciliation of Revenue and Other Operating Income from Segments to Consolidated | Revenue and Other Operating Income
| For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
2020 |  | 2019 |  | 2020 |  | 2019
Total Segment Revenue from Contracts with External Customers | $ | 230,443 |  |  | $ | 312,767 |  |  | $ | 735,093 |  |  | $ | 1,163,906 |
(Loss) Gain on Commodity Derivative Instruments | (168,834) |  |  | 213,913 |  |  | (116,995) |  |  | 240,118 |
Other Operating Income | 4,466 |  |  | 3,317 |  |  | 13,177 |  |  | 9,436 |
Total Consolidated Revenue and Other Operating Income | $ | 66,075 |  |  | $ | 529,997 |  |  | $ | 631,275 |  |  | $ | 1,413,460 |
Reconciliation of Assets and Liabilities from Segment to Consolidated | Total Assets:
| September 30,
2020 |  | 2019
Segment Assets for Reportable Business Segments | $ | 7,195,668 |  |  | $ | 8,143,186 |
Segment Assets for Other | 782,730 |  |  | 1,126,404 |
Items Excluded from Segment Assets: |  |  |
Cash and Cash Equivalents | 150,132 |  |  | 5,484 |
Recoverable Income Taxes | 644 |  |  | 11,184 |
Total Consolidated Assets | $ | 8,129,174 |  |  | $ | 9,286,258 |

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