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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2021
Segment Reporting [Abstract] |
Industry Segment Results | Industry segment results for the three months ended June 30, 2021 are:
|  |  | Shale |  | Coalbed Methane |  | Other |  | Consolidated |  |  |  |  |  |  |  |  |
Natural Gas, NGL and Oil Revenue |  |  | $ | 332,659 |  |  | $ | 36,505 |  |  | $ | 285 |  |  | $ | 369,449 |  |  |  |  |  |  |  |  |  | (A)
Purchased Gas Revenue |  |  | — |  |  | — |  |  | 16,706 |  |  | 16,706 |  |  |  |  |  |  |  |  |  |
Loss on Commodity Derivative Instruments |  |  | (9,394) |  |  | (962) |  |  | (528,503) |  |  | (538,859) |  |  |  |  |  |  |  |  |  |
Other Revenue and Operating Income |  |  | 18,679 |  |  | — |  |  | 6,815 |  |  | 25,494 |  |  |  |  |  |  |  |  |  | (B)
Total Revenue and Other Operating Income (Loss) |  |  | $ | 341,944 |  |  | $ | 35,543 |  |  | $ | (504,697) |  |  | $ | (127,210) |  |  |  |  |  |  |  |  |  |
Total Operating Expense |  |  | $ | 191,996 |  |  | $ | 28,204 |  |  | $ | 60,511 |  |  | $ | 280,711 |  |  |  |  |  |  |  |  |  |
Earnings (Loss) Before Income Tax |  |  | $ | 149,948 |  |  | $ | 7,339 |  |  | $ | (603,463) |  |  | $ | (446,176) |  |  |  |  |  |  |  |  |  |
Segment Assets |  |  | $ | 6,095,486 |  |  | $ | 1,069,470 |  |  | $ | 907,154 |  |  | $ | 8,072,110 |  |  |  |  |  |  |  |  |  | (C)
Depreciation, Depletion and Amortization |  |  | $ | 104,380 |  |  | $ | 14,264 |  |  | $ | 3,963 |  |  | $ | 122,607 |  |  |  |  |  |  |  |  |  |
Capital Expenditures |  |  | $ | 127,230 |  |  | $ | 1,502 |  |  | $ | 226 |  |  | $ | 128,958 |  |  |  |  |  |  |  |  |  |
(A) Included in Total Natural Gas, NGL and Oil Revenue are sales of $60,162 to Citadel Energy Marketing LLC, which comprises over 10% of revenue from contracts with external customers for the period. (B) Includes midstream revenue of $18,679 and equity in earnings of unconsolidated affiliates of $1,553 for Shale and Other, respectively. (C) Includes investments in unconsolidated equity affiliates of $16,726. Industry segment results for the three months ended June 30, 2020 are:
|  |  | Shale |  | Coalbed Methane |  | Other |  | Consolidated |  |  |  |  |  |  |  |  |
Natural Gas, NGL and Oil Revenue |  |  | $ | 152,627 |  |  | $ | 22,929 |  |  | $ | 220 |  |  | $ | 175,776 |  |  |  |  |  |  |  |  |  | (D)
Purchased Gas Revenue |  |  | — |  |  | — |  |  | 20,424 |  |  | 20,424 |  |  |  |  |  |  |  |  |  |
Gain (Loss) on Commodity Derivative Instruments |  |  | 100,262 |  |  | 13,005 |  |  | (176,570) |  |  | (63,303) |  |  |  |  |  |  |  |  |  | (E)
Other Revenue and Operating Income |  |  | 12,191 |  |  | — |  |  | 3,753 |  |  | 15,944 |  |  |  |  |  |  |  |  |  | (F)
Total Revenue and Other Operating Income (Loss) |  |  | $ | 265,080 |  |  | $ | 35,934 |  |  | $ | (152,173) |  |  | $ | 148,841 |  |  |  |  |  |  |  |  |  |
Total Operating Expense |  |  | $ | 154,306 |  |  | $ | 29,324 |  |  | $ | 78,882 |  |  | $ | 262,512 |  |  |  |  |  |  |  |  |  |
Earnings (Loss) Before Income Tax |  |  | $ | 110,774 |  |  | $ | 6,610 |  |  | $ | (276,516) |  |  | $ | (159,132) |  |  |  |  |  |  |  |  |  |
Segment Assets |  |  | $ | 6,096,101 |  |  | $ | 1,132,217 |  |  | $ | 1,091,366 |  |  | $ | 8,319,684 |  |  |  |  |  |  |  |  |  | (G)
Depreciation, Depletion and Amortization |  |  | $ | 93,984 |  |  | $ | 15,701 |  |  | $ | 3,860 |  |  | $ | 113,545 |  |  |  |  |  |  |  |  |  |
Capital Expenditures |  |  | $ | 131,974 |  |  | $ | 2,034 |  |  | $ | 844 |  |  | $ | 134,852 |  |  |  |  |  |  |  |  |  |
(D) 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. (E) Included in Other 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). (F) Includes midstream revenue of $12,191 and equity in losses of unconsolidated affiliates of $1,259 for Shale and Other, respectively. (G) Includes investments in unconsolidated equity affiliates of $15,159. Industry segment results for the six months ended June 30, 2021 are:
|  |  | Shale |  | Coalbed Methane |  | Other |  | Consolidated |  |  |  |  |  |  |  |  |
Natural Gas, NGL and Oil Revenue |  |  | $ | 674,828 |  |  | $ | 75,409 |  |  | $ | 437 |  |  | $ | 750,674 |  |  |  |  |  |  |  |  |  | (A)
Purchased Gas Revenue |  |  | — |  |  | — |  |  | 50,190 |  |  | 50,190 |  |  |  |  |  |  |  |  |  |
Loss on Commodity Derivative Instruments |  |  | (7,212) |  |  | (740) |  |  | (497,493) |  |  | (505,445) |  |  |  |  |  |  |  |  |  |
Other Revenue and Operating Income |  |  | 37,745 |  |  | — |  |  | 12,700 |  |  | 50,445 |  |  |  |  |  |  |  |  |  | (B)
Total Revenue and Other Operating Income (Loss) |  |  | $ | 705,361 |  |  | $ | 74,669 |  |  | $ | (434,166) |  |  | $ | 345,864 |  |  |  |  |  |  |  |  |  |
Total Operating Expense |  |  | $ | 380,707 |  |  | $ | 56,759 |  |  | $ | 143,050 |  |  | $ | 580,516 |  |  |  |  |  |  |  |  |  |
Earnings (Loss) Before Income Tax |  |  | $ | 324,654 |  |  | $ | 17,910 |  |  | $ | (653,335) |  |  | $ | (310,771) |  |  |  |  |  |  |  |  |  |
Segment Assets |  |  | $ | 6,095,486 |  |  | $ | 1,069,470 |  |  | $ | 907,154 |  |  | $ | 8,072,110 |  |  |  |  |  |  |  |  |  | (C)
Depreciation, Depletion and Amortization |  |  | $ | 213,886 |  |  | $ | 29,747 |  |  | $ | 7,918 |  |  | $ | 251,551 |  |  |  |  |  |  |  |  |  |
Capital Expenditures |  |  | $ | 248,348 |  |  | $ | 3,644 |  |  | $ | 395 |  |  | $ | 252,387 |  |  |  |  |  |  |  |  |  |
(A) Included in Total Natural Gas, NGL and Oil Revenue are sales of $100,465 to Citadel Energy Marketing LLC and $80,189 to Direct Energy Business Marketing LLC, each of which comprises over 10% of revenue from contracts with external customers for the period. (B) Includes midstream revenue of $37,745 and equity in earnings of unconsolidated affiliates of $2,504 for Shale and Other, respectively. (C) Includes investments in unconsolidated equity affiliates of $16,726. Industry segment results for the six months ended June 30, 2020 are:
|  |  | Shale |  | Coalbed Methane |  | Other |  | Consolidated |  |  |  |  |  |  |  |  |
Natural Gas, NGL and Oil Revenue |  |  | $ | 373,121 |  |  | $ | 53,652 |  |  | $ | 497 |  |  | $ | 427,270 |  |  |  |  |  |  |  |  |  | (D)
Purchased Gas Revenue |  |  | — |  |  | — |  |  | 46,783 |  |  | 46,783 |  |  |  |  |  |  |  |  |  |
Gain (Loss) on Commodity Derivative Instruments |  |  | 186,714 |  |  | 22,692 |  |  | (157,567) |  |  | 51,839 |  |  |  |  |  |  |  |  |  | (E)
Other Revenue and Operating Income |  |  | 30,597 |  |  | — |  |  | 8,711 |  |  | 39,308 |  |  |  |  |  |  |  |  |  | (F)
Total Revenue and Other Operating Income (Loss) |  |  | $ | 590,432 |  |  | $ | 76,344 |  |  | $ | (101,576) |  |  | $ | 565,200 |  |  |  |  |  |  |  |  |  |
Total Operating Expense |  |  | $ | 346,254 |  |  | $ | 63,484 |  |  | $ | 696,073 |  |  | $ | 1,105,811 |  |  |  |  |  |  |  |  |  |
Earnings (Loss) Before Income Tax |  |  | $ | 244,178 |  |  | $ | 12,860 |  |  | $ | (873,975) |  |  | $ | (616,937) |  |  |  |  |  |  |  |  |  |
Segment Assets |  |  | $ | 6,096,101 |  |  | $ | 1,132,217 |  |  | $ | 1,091,366 |  |  | $ | 8,319,684 |  |  |  |  |  |  |  |  |  | (G)
Depreciation, Depletion and Amortization |  |  | $ | 201,030 |  |  | $ | 34,139 |  |  | $ | 7,540 |  |  | $ | 242,709 |  |  |  |  |  |  |  |  |  |
Capital Expenditures |  |  | $ | 279,814 |  |  | $ | 4,486 |  |  | $ | 2,601 |  |  | $ | 286,901 |  |  |  |  |  |  |  |  |  |
(D) 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. (E) 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). (F) Includes midstream revenue of $30,597 and equity in losses of unconsolidated affiliates of $1,421 for Shale and Other, respectively. (G) Includes investments in unconsolidated equity affiliates of $15,159.
Reconciliation of Revenue and Other Operating (Loss) Income from Segments to Consolidated | Revenue and Other Operating (Loss) Income
| For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
2021 |  | 2020 |  | 2021 |  | 2020
Total Segment Revenue from Contracts with External Customers | $ | 404,834 |  |  | $ | 208,391 |  |  | $ | 838,609 |  |  | $ | 504,650 |
(Loss) Gain on Commodity Derivative Instruments | (538,859) |  |  | (63,303) |  |  | (505,445) |  |  | 51,839 |
Other Operating Income | 6,815 |  |  | 3,753 |  |  | 12,700 |  |  | 8,711 |
Total Consolidated Revenue and Other Operating (Loss) Income | $ | (127,210) |  |  | $ | 148,841 |  |  | $ | 345,864 |  |  | $ | 565,200 |

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