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Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2023
Segment Reporting [Abstract] |
Industry Segment Results | Industry segment results for the three months ended March 31, 2023 are:
|  |  | Shale |  | Coalbed Methane |  | Other |  | Consolidated |  |  |  |  |  |  |  |  |
Natural Gas, NGLs and Oil Revenue |  |  | $ | 407,198 |  |  | $ | 48,036 |  |  | $ | 405 |  |  | $ | 455,639 |  |  |  |  |  |  |  |  |  | (A)
Purchased Gas Revenue |  |  | — |  |  | — |  |  | 36,812 |  |  | 36,812 |  |  |  |  |  |  |  |  |  |
(Loss) Gain on Commodity Derivative Instruments |  |  | (56,336) |  |  | (4,672) |  |  | 823,175 |  |  | 762,167 |  |  |  |  |  |  |  |  |  |
Other Revenue and Operating Income |  |  | 16,754 |  |  | — |  |  | 4,605 |  |  | 21,359 |  |  |  |  |  |  |  |  |  | (B)
Total Revenue and Other Operating Income |  |  | $ | 367,616 |  |  | $ | 43,364 |  |  | $ | 864,997 |  |  | $ | 1,275,977 |  |  |  |  |  |  |  |  |  |
Total Operating Expense |  |  | $ | 188,117 |  |  | $ | 36,420 |  |  | $ | 96,062 |  |  | $ | 320,599 |  |  |  |  |  |  |  |  |  |
Earnings Before Income Tax |  |  | $ | 179,499 |  |  | $ | 6,944 |  |  | $ | 741,513 |  |  | $ | 927,956 |  |  |  |  |  |  |  |  |  |
Segment Assets |  |  | $ | 6,536,697 |  |  | $ | 955,280 |  |  | $ | 848,168 |  |  | $ | 8,340,145 |  |  |  |  |  |  |  |  |  | (C)
Depreciation, Depletion and Amortization |  |  | $ | 88,110 |  |  | $ | 12,447 |  |  | $ | 4,665 |  |  | $ | 105,222 |  |  |  |  |  |  |  |  |  |
Capital Expenditures |  |  | $ | 159,349 |  |  | $ | 9,459 |  |  | $ | 1,220 |  |  | $ | 170,028 |  |  |  |  |  |  |  |  |  |
(A) Included in Total Natural Gas, NGLs and Oil Revenue are sales of $55,101 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 $16,754 and equity in earnings of unconsolidated affiliates of $114 for Shale and Other, respectively. (C) Includes investments in unconsolidated equity affiliates of $11,828. Industry segment results for the three months ended March 31, 2022 are:
|  |  | Shale |  | Coalbed Methane |  | Other |  | Consolidated |  |  |  |  |  |  |  |  |
Natural Gas, NGLs and Oil Revenue |  |  | $ | 680,811 |  |  | $ | 63,373 |  |  | $ | 441 |  |  | $ | 744,625 |  |  |  |  |  |  |  |  |  | (D)
Purchased Gas Revenue |  |  | — |  |  | — |  |  | 45,841 |  |  | 45,841 |  |  |  |  |  |  |  |  |  |
Loss on Commodity Derivative Instruments |  |  | (249,458) |  |  | (21,280) |  |  | (1,455,656) |  |  | (1,726,394) |  |  |  |  |  |  |  |  |  |
Other Revenue and Operating Income |  |  | 17,657 |  |  | — |  |  | 5,173 |  |  | 22,830 |  |  |  |  |  |  |  |  |  | (E)
Total Revenue and Other Operating Income (Loss) |  |  | $ | 449,010 |  |  | $ | 42,093 |  |  | $ | (1,404,201) |  |  | $ | (913,098) |  |  |  |  |  |  |  |  |  |
Total Operating Expense |  |  | $ | 197,429 |  |  | $ | 30,580 |  |  | $ | 94,460 |  |  | $ | 322,469 |  |  |  |  |  |  |  |  |  |
Earnings (Loss) Before Income Tax |  |  | $ | 251,581 |  |  | $ | 11,513 |  |  | $ | (1,511,599) |  |  | $ | (1,248,505) |  |  |  |  |  |  |  |  |  |
Segment Assets |  |  | $ | 6,020,173 |  |  | $ | 1,032,602 |  |  | $ | 1,170,749 |  |  | $ | 8,223,524 |  |  |  |  |  |  |  |  |  | (F)
Depreciation, Depletion and Amortization |  |  | $ | 101,444 |  |  | $ | 13,239 |  |  | $ | 3,940 |  |  | $ | 118,623 |  |  |  |  |  |  |  |  |  |
Capital Expenditures |  |  | $ | 118,800 |  |  | $ | 2,395 |  |  | $ | 1,121 |  |  | $ | 122,316 |  |  |  |  |  |  |  |  |  |
(D) Included in Total Natural Gas, NGLs and Oil Revenue are sales of $91,992 to Direct Energy Business Marketing LLC and $86,564 to Citadel Energy Marketing LLC, each of which comprises over 10% of revenue from contracts with external customers for the period. (E) Includes midstream revenue of $17,657 and equity in earnings of unconsolidated affiliates of $800 for Shale and Other, respectively. (F) Includes investments in unconsolidated equity affiliates of $15,602.
Reconciliation of Revenue and Other Operating (Loss) Income from Segments to Consolidated | Revenue and Other Operating Income (Loss)
|  |  | For the Three Months Ended March 31,
|  |  |  | 2023 |  | 2022
Total Segment Revenue from Contracts with External Customers |  |  |  |  | $ | 509,205 |  |  | $ | 808,123 |
Gain (Loss) on Commodity Derivative Instruments |  |  |  |  | 762,167 |  |  | (1,726,394) |
Other Operating Income |  |  |  |  | 4,605 |  |  | 5,173 |
Total Consolidated Revenue and Other Operating Income (Loss) |  |  |  |  | $ | 1,275,977 |  |  | $ | (913,098) |

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