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Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2021
Segment Reporting [Abstract] |
Industry Segment Results | Industry segment results for the three months ended March 31, 2021 are:
|  |  | Shale |  | Coalbed Methane |  | Other |  | Consolidated |  |  |  |  |  |  |  |  |
Natural Gas, NGL and Oil Revenue |  |  | $ | 342,169 |  |  | $ | 38,904 |  |  | $ | 152 |  |  | $ | 381,225 |  |  |  |  |  |  |  |  |  | (A)
Purchased Gas Revenue |  |  | — |  |  | — |  |  | 33,484 |  |  | 33,484 |  |  |  |  |  |  |  |  |  |
Gain on Commodity Derivative Instruments |  |  | 2,182 |  |  | 222 |  |  | 31,010 |  |  | 33,414 |  |  |  |  |  |  |  |  |  |
Other Revenue and Operating Income |  |  | 19,066 |  |  | — |  |  | 5,884 |  |  | 24,950 |  |  |  |  |  |  |  |  |  | (B)
Total Revenue and Other Operating Income |  |  | $ | 363,417 |  |  | $ | 39,126 |  |  | $ | 70,530 |  |  | $ | 473,073 |  |  |  |  |  |  |  |  |  |
Total Operating Expense |  |  | $ | 188,711 |  |  | $ | 28,555 |  |  | $ | 82,538 |  |  | $ | 299,804 |  |  |  |  |  |  |  |  |  |
Earnings (Loss) Before Income Tax |  |  | $ | 174,706 |  |  | $ | 10,571 |  |  | $ | (49,873) |  |  | $ | 135,404 |  |  |  |  |  |  |  |  |  |
Segment Assets |  |  | $ | 6,074,252 |  |  | $ | 1,082,232 |  |  | $ | 912,753 |  |  | $ | 8,069,237 |  |  |  |  |  |  |  |  |  | (C)
Depreciation, Depletion and Amortization |  |  | $ | 109,506 |  |  | $ | 15,483 |  |  | $ | 3,955 |  |  | $ | 128,944 |  |  |  |  |  |  |  |  |  |
Capital Expenditures |  |  | $ | 121,118 |  |  | $ | 2,142 |  |  | $ | 169 |  |  | $ | 123,429 |  |  |  |  |  |  |  |  |  |
(A) Included in Total Natural Gas, NGL and Oil Revenue are sales of $45,000 to Direct Energy Business Marketing LLC, which comprises over 10% of revenue from contracts with external customers for the period. (B) Includes midstream revenue of $19,066 and equity in earnings of unconsolidated affiliates of $950 for Shale and Other, respectively. (C) Includes investments in unconsolidated equity affiliates of $16,172. Industry segment results for the three months ended March 31, 2020 are:
|  |  | Shale |  | Coalbed Methane |  | Other |  | Consolidated |  |  |  |  |  |  |  |  |
Natural Gas, NGL and Oil Revenue |  |  | $ | 220,494 |  |  | $ | 30,723 |  |  | $ | 277 |  |  | $ | 251,494 |  |  |  |  |  |  |  |  |  | (D)
Purchased Gas Revenue |  |  | — |  |  | — |  |  | 26,359 |  |  | 26,359 |  |  |  |  |  |  |  |  |  |
Gain on Commodity Derivative Instruments |  |  | 86,452 |  |  | 9,687 |  |  | 19,003 |  |  | 115,142 |  |  |  |  |  |  |  |  |  | (E)
Other Revenue and Operating Income |  |  | 18,406 |  |  | — |  |  | 4,958 |  |  | 23,364 |  |  |  |  |  |  |  |  |  | (F)
Total Revenue and Other Operating Income |  |  | $ | 325,352 |  |  | $ | 40,410 |  |  | $ | 50,597 |  |  | $ | 416,359 |  |  |  |  |  |  |  |  |  |
Total Operating Expense |  |  | $ | 191,948 |  |  | $ | 34,160 |  |  | $ | 617,192 |  |  | $ | 843,300 |  |  |  |  |  |  |  |  |  |
Earnings (Loss) Before Income Tax |  |  | $ | 133,404 |  |  | $ | 6,250 |  |  | $ | (597,458) |  |  | $ | (457,804) |  |  |  |  |  |  |  |  |  |
Segment Assets |  |  | $ | 6,059,158 |  |  | $ | 1,145,942 |  |  | $ | 1,323,850 |  |  | $ | 8,528,950 |  |  |  |  |  |  |  |  |  | (G)
Depreciation, Depletion and Amortization |  |  | $ | 107,046 |  |  | $ | 18,438 |  |  | $ | 3,680 |  |  | $ | 129,164 |  |  |  |  |  |  |  |  |  |
Capital Expenditures |  |  | $ | 147,840 |  |  | $ | 2,452 |  |  | $ | 1,757 |  |  | $ | 152,049 |  |  |  |  |  |  |  |  |  |
(D) Included in Total Natural Gas, NGL and Oil Revenue are sales of $45,656 to Direct Energy Business Marketing LLC and $32,176 to NJR Energy Services Company, each of which comprises over 10% of revenue from contracts with external customers for the period. (E) Included in Other is a realized gain on commodity derivative instruments of $54,982 related to the monetization of hedges (see Note 11 - Derivative Instruments for more information). (F) Includes midstream revenue of $18,406 and equity in loss of unconsolidated affiliates of $161 for Shale and Other, respectively. (G) Includes investments in unconsolidated equity affiliates of $16,549.
Reconciliation of Revenue and Other Operating Income from Segments to Consolidated | Revenue and Other Operating Income
|  |  | For the Three Months Ended March 31,
|  |  |  | 2021 |  | 2020
Total Segment Revenue from Contracts with External Customers |  |  |  |  | $ | 433,775 |  |  | $ | 296,259 |
Gain on Commodity Derivative Instruments |  |  |  |  | 33,414 |  |  | 115,142 |
Other Operating Income |  |  |  |  | 5,884 |  |  | 4,958 |
Total Consolidated Revenue and Other Operating Income |  |  |  |  | $ | 473,073 |  |  | $ | 416,359 |

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