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v3.22.2.2

Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2022
Segment Reporting [Abstract] |
Industry Segment Results | Industry segment results for the three months ended September 30, 2022 are:
|  |  | Shale |  | Coalbed Methane |  | Other |  | Consolidated |  |  |  |  |  |  |  |  |
Natural Gas, NGLs and Oil Revenue |  |  | $ | 1,029,854 |  |  | $ | 96,360 |  |  | $ | 1,127 |  |  | $ | 1,127,341 |  |  |  |  |  |  |  |  |  | (A)
Purchased Gas Revenue |  |  | — |  |  | — |  |  | 31,738 |  |  | 31,738 |  |  |  |  |  |  |  |  |  |
Loss on Commodity Derivative Instruments |  |  | (601,979) |  |  | (48,945) |  |  | (411,429) |  |  | (1,062,353) |  |  |  |  |  |  |  |  |  |
Other Revenue and Operating Income |  |  | 16,388 |  |  | — |  |  | 3,947 |  |  | 20,335 |  |  |  |  |  |  |  |  |  | (B)
Total Revenue and Other Operating Income (Loss) |  |  | $ | 444,263 |  |  | $ | 47,415 |  |  | $ | (374,617) |  |  | $ | 117,061 |  |  |  |  |  |  |  |  |  |
Total Operating Expense |  |  | $ | 205,866 |  |  | $ | 33,399 |  |  | $ | 86,208 |  |  | $ | 325,473 |  |  |  |  |  |  |  |  |  |
Earnings (Loss) Before Income Tax |  |  | $ | 238,397 |  |  | $ | 14,016 |  |  | $ | (519,128) |  |  | $ | (266,715) |  |  |  |  |  |  |  |  |  |
Segment Assets |  |  | $ | 6,397,404 |  |  | $ | 1,269,492 |  |  | $ | 966,230 |  |  | $ | 8,633,126 |  |  |  |  |  |  |  |  |  | (C)
Depreciation, Depletion and Amortization |  |  | $ | 97,121 |  |  | $ | 12,946 |  |  | $ | 4,100 |  |  | $ | 114,167 |  |  |  |  |  |  |  |  |  |
Capital Expenditures |  |  | $ | 129,302 |  |  | $ | 3,038 |  |  | $ | 1,213 |  |  | $ | 133,553 |  |  |  |  |  |  |  |  |  |
(A) Included in Total Natural Gas, NGLs and Oil Revenue are sales of $138,349 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 $16,388 and equity in earnings of unconsolidated affiliates of $854 for Shale and Other, respectively. (C) Includes investments in unconsolidated equity affiliates of $13,332. Industry segment results for the three months ended September 30, 2021 are:
|  |  | Shale |  | Coalbed Methane |  | Other |  | Consolidated |  |  |  |  |  |  |  |  |
Natural Gas, NGLs and Oil Revenue |  |  | $ | 536,412 |  |  | $ | 49,107 |  |  | $ | 396 |  |  | $ | 585,915 |  |  |  |  |  |  |  |  |  | (D)
Purchased Gas Revenue |  |  | — |  |  | — |  |  | 16,311 |  |  | 16,311 |  |  |  |  |  |  |  |  |  |
Loss on Commodity Derivative Instruments |  |  | (119,429) |  |  | (11,620) |  |  | (1,376,221) |  |  | (1,507,270) |  |  |  |  |  |  |  |  |  |
Other Revenue and Operating Income |  |  | 19,050 |  |  | — |  |  | 5,733 |  |  | 24,783 |  |  |  |  |  |  |  |  |  | (E)
Total Revenue and Other Operating Income (Loss) |  |  | $ | 436,033 |  |  | $ | 37,487 |  |  | $ | (1,353,781) |  |  | $ | (880,261) |  |  |  |  |  |  |  |  |  |
Total Operating Expense |  |  | $ | 206,703 |  |  | $ | 30,124 |  |  | $ | 68,031 |  |  | $ | 304,858 |  |  |  |  |  |  |  |  |  |
Earnings (Loss) Before Income Tax |  |  | $ | 229,330 |  |  | $ | 7,363 |  |  | $ | (1,469,140) |  |  | $ | (1,232,447) |  |  |  |  |  |  |  |  |  |
Segment Assets |  |  | $ | 6,076,533 |  |  | $ | 1,057,543 |  |  | $ | 1,094,077 |  |  | $ | 8,228,153 |  |  |  |  |  |  |  |  |  | (F)
Depreciation, Depletion and Amortization |  |  | $ | 111,643 |  |  | $ | 14,031 |  |  | $ | 4,060 |  |  | $ | 129,734 |  |  |  |  |  |  |  |  |  |
Capital Expenditures |  |  | $ | 94,317 |  |  | $ | 2,105 |  |  | $ | 341 |  |  | $ | 96,763 |  |  |  |  |  |  |  |  |  |
(D) Included in Total Natural Gas, NGLs and Oil Revenue are sales of $93,499 to Citadel Energy Marketing LLC, which comprises over 10% of revenue from contracts with external customers for the period. (E) Includes midstream revenue of $19,050 and equity in earnings of unconsolidated affiliates of $995 for Shale and Other, respectively. (F) Includes investments in unconsolidated equity affiliates of $17,020. Industry segment results for the nine months ended September 30, 2022 are:
|  |  | Shale |  | Coalbed Methane |  | Other |  | Consolidated |  |  |  |  |  |  |  |  |
Natural Gas, NGLs and Oil Revenue |  |  | $ | 2,633,934 |  |  | $ | 239,316 |  |  | $ | 2,121 |  |  | $ | 2,875,371 |  |  |  |  |  |  |  |  |  | (G)
Purchased Gas Revenue |  |  | — |  |  | — |  |  | 124,132 |  |  | 124,132 |  |  |  |  |  |  |  |  |  |
Loss on Commodity Derivative Instruments |  |  | (1,340,463) |  |  | (111,446) |  |  | (1,989,480) |  |  | (3,441,389) |  |  |  |  |  |  |  |  |  |
Other Revenue and Operating Income |  |  | 52,035 |  |  | — |  |  | 14,232 |  |  | 66,267 |  |  |  |  |  |  |  |  |  | (H)
Total Revenue and Other Operating Income (Loss) |  |  | $ | 1,345,506 |  |  | $ | 127,870 |  |  | $ | (1,848,995) |  |  | $ | (375,619) |  |  |  |  |  |  |  |  |  |
Total Operating Expense |  |  | $ | 593,179 |  |  | $ | 95,449 |  |  | $ | 289,840 |  |  | $ | 978,468 |  |  |  |  |  |  |  |  |  |
Earnings (Loss) Before Income Tax |  |  | $ | 752,327 |  |  | $ | 32,421 |  |  | $ | (2,253,045) |  |  | $ | (1,468,297) |  |  |  |  |  |  |  |  |  |
Segment Assets |  |  | $ | 6,397,404 |  |  | $ | 1,269,492 |  |  | $ | 966,230 |  |  | $ | 8,633,126 |  |  |  |  |  |  |  |  |  | (I)
Depreciation, Depletion and Amortization |  |  | $ | 294,475 |  |  | $ | 39,222 |  |  | $ | 15,273 |  |  | $ | 348,970 |  |  |  |  |  |  |  |  |  |
Capital Expenditures |  |  | $ | 379,381 |  |  | $ | 8,959 |  |  | $ | 4,197 |  |  | $ | 392,537 |  |  |  |  |  |  |  |  |  |
(G) Included in Total Natural Gas, NGLs and Oil Revenue are sales of $351,649 to Direct Energy Business Marketing LLC, which comprises over 10% of revenue from contracts with external customers for the period. (H) Includes midstream revenue of $52,035 and equity in earnings of unconsolidated affiliates of $3,031 for Shale and Other, respectively. (I) Includes investments in unconsolidated equity affiliates of $13,332. Industry segment results for the nine months ended September 30, 2021 are:
|  |  | Shale |  | Coalbed Methane |  | Other |  | Consolidated |  |  |  |  |  |  |  |  |
Natural Gas, NGLs and Oil Revenue |  |  | $ | 1,211,239 |  |  | $ | 124,516 |  |  | $ | 833 |  |  | $ | 1,336,588 |  |  |  |  |  |  |  |  |  | (J)
Purchased Gas Revenue |  |  | — |  |  | — |  |  | 66,500 |  |  | 66,500 |  |  |  |  |  |  |  |  |  |
Loss on Commodity Derivative Instruments |  |  | (126,641) |  |  | (12,359) |  |  | (1,873,714) |  |  | (2,012,714) |  |  |  |  |  |  |  |  |  |
Other Revenue and Operating Income |  |  | 56,795 |  |  | — |  |  | 18,432 |  |  | 75,227 |  |  |  |  |  |  |  |  |  | (K)
Total Revenue and Other Operating Income (Loss) |  |  | $ | 1,141,393 |  |  | $ | 112,157 |  |  | $ | (1,787,949) |  |  | $ | (534,399) |  |  |  |  |  |  |  |  |  |
Total Operating Expense |  |  | $ | 587,409 |  |  | $ | 86,883 |  |  | $ | 211,080 |  |  | $ | 885,372 |  |  |  |  |  |  |  |  |  |
Earnings (Loss) Before Income Tax |  |  | $ | 553,984 |  |  | $ | 25,274 |  |  | $ | (2,122,478) |  |  | $ | (1,543,220) |  |  |  |  |  |  |  |  |  |
Segment Assets |  |  | $ | 6,076,533 |  |  | $ | 1,057,543 |  |  | $ | 1,094,077 |  |  | $ | 8,228,153 |  |  |  |  |  |  |  |  |  | (L)
Depreciation, Depletion and Amortization |  |  | $ | 325,529 |  |  | $ | 43,779 |  |  | $ | 11,976 |  |  | $ | 381,284 |  |  |  |  |  |  |  |  |  |
Capital Expenditures |  |  | $ | 342,665 |  |  | $ | 5,749 |  |  | $ | 736 |  |  | $ | 349,150 |  |  |  |  |  |  |  |  |  |
(J) Included in Total Natural Gas, NGLs and Oil Revenue are sales of $193,964 to Citadel Energy marketing LLC, which comprises over 10% of revenue from contracts with external customers for the period. (K) Includes midstream revenue of $56,795 and equity in earnings of unconsolidated affiliates of $3,499 for Shale and Other, respectively. (L) Includes investments in unconsolidated equity affiliates of $17,020.
Reconciliation of Revenue and Other Operating (Loss) Income from Segments to Consolidated | Revenue and Other Operating Income (Loss)
| For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
2022 |  | 2021 |  | 2022 |  | 2021
Total Segment Revenue from Contracts with External Customers | $ | 1,175,467 |  |  | $ | 621,276 |  |  | $ | 3,051,538 |  |  | $ | 1,459,883 |
Loss on Commodity Derivative Instruments | (1,062,353) |  |  | (1,507,270) |  |  | (3,441,389) |  |  | (2,012,714) |
Other Operating Income | 3,947 |  |  | 5,733 |  |  | 14,232 |  |  | 18,432 |
Total Consolidated Revenue and Other Operating Income (Loss) | $ | 117,061 |  |  | $ | (880,261) |  |  | $ | (375,619) |  |  | $ | (534,399) |

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