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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2023
Segment Reporting [Abstract] |
Industry Segment Results | Industry segment results for the three months ended June 30, 2023 are:
|  |  | Shale |  | Coalbed Methane |  | Other |  | Consolidated |  |  |  |  |  |  |  |  |
Natural Gas, NGLs and Oil Revenue |  |  | $ | 234,192 |  |  | $ | 22,634 |  |  | $ | 235 |  |  | $ | 257,061 |  |  |  |  |  |  |  |  |  | (A)
Purchased Gas Revenue |  |  | — |  |  | — |  |  | 9,355 |  |  | 9,355 |  |  |  |  |  |  |  |  |  |
Gain on Commodity Derivative Instruments |  |  | 73,522 |  |  | 6,002 |  |  | 462,948 |  |  | 542,472 |  |  |  |  |  |  |  |  |  |
Other Revenue and Operating Income |  |  | 17,027 |  |  | — |  |  | 13,785 |  |  | 30,812 |  |  |  |  |  |  |  |  |  | (B)
Total Revenue and Other Operating Income |  |  | $ | 324,741 |  |  | $ | 28,636 |  |  | $ | 486,323 |  |  | $ | 839,700 |  |  |  |  |  |  |  |  |  |
Total Operating Expense |  |  | $ | 171,501 |  |  | $ | 34,020 |  |  | $ | 66,113 |  |  | $ | 271,634 |  |  |  |  |  |  |  |  |  |
Earnings (Loss) Before Income Tax |  |  | $ | 153,240 |  |  | $ | (5,384) |  |  | $ | 488,866 |  |  | $ | 636,722 |  |  |  |  |  |  |  |  |  |
Segment Assets |  |  | $ | 6,589,145 |  |  | $ | 949,438 |  |  | $ | 993,272 |  |  | $ | 8,531,855 |  |  |  |  |  |  |  |  |  | (C)
Depreciation, Depletion and Amortization |  |  | $ | 86,816 |  |  | $ | 12,586 |  |  | $ | 4,280 |  |  | $ | 103,682 |  |  |  |  |  |  |  |  |  |
Capital Expenditures |  |  | $ | 186,285 |  |  | $ | 7,630 |  |  | $ | 2,070 |  |  | $ | 195,985 |  |  |  |  |  |  |  |  |  |
(A) Included in Natural Gas, NGLs and Oil Revenue are sales of $36,511 to Citadel Energy Marketing LLC, and $31,648 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 $17,027 and equity in earnings of unconsolidated affiliates of $1,334 for Shale and Other, respectively. Other also includes sales of environmental attributes of $7,986. (C) Other includes investments in unconsolidated equity affiliates of $13,162. Industry segment results for the three months ended June 30, 2022 are:
|  |  | Shale |  | Coalbed Methane |  | Other |  | Consolidated |  |  |  |  |  |  |  |  |
Natural Gas, NGLs and Oil Revenue |  |  | $ | 923,269 |  |  | $ | 79,583 |  |  | $ | 554 |  |  | $ | 1,003,406 |  |  |  |  |  |  |  |  |  | (D)
Purchased Gas Revenue |  |  | — |  |  | — |  |  | 46,552 |  |  | 46,552 |  |  |  |  |  |  |  |  |  |
Loss on Commodity Derivative Instruments |  |  | (489,026) |  |  | (41,222) |  |  | (122,395) |  |  | (652,643) |  |  |  |  |  |  |  |  |  |
Other Revenue and Operating Income |  |  | 17,990 |  |  | — |  |  | 5,113 |  |  | 23,103 |  |  |  |  |  |  |  |  |  | (E)
Total Revenue and Other Operating Income (Loss) |  |  | $ | 452,233 |  |  | $ | 38,361 |  |  | $ | (70,176) |  |  | $ | 420,418 |  |  |  |  |  |  |  |  |  |
Total Operating Expense |  |  | $ | 189,884 |  |  | $ | 31,470 |  |  | $ | 109,169 |  |  | $ | 330,523 |  |  |  |  |  |  |  |  |  |
Earnings (Loss) Before Income Tax |  |  | $ | 262,349 |  |  | $ | 6,891 |  |  | $ | (222,316) |  |  | $ | 46,924 |  |  |  |  |  |  |  |  |  |
Segment Assets |  |  | $ | 6,417,552 |  |  | $ | 969,944 |  |  | $ | 1,308,394 |  |  | $ | 8,695,890 |  |  |  |  |  |  |  |  |  | (F)
Depreciation, Depletion and Amortization |  |  | $ | 95,910 |  |  | $ | 13,037 |  |  | $ | 7,233 |  |  | $ | 116,180 |  |  |  |  |  |  |  |  |  |
Capital Expenditures |  |  | $ | 131,279 |  |  | $ | 3,526 |  |  | $ | 1,863 |  |  | $ | 136,668 |  |  |  |  |  |  |  |  |  |
(D) Included in Natural Gas, NGLs and Oil Revenue are sales of $117,460 to Direct Energy Business Marketing LLC, which comprises over 10% of revenue from contracts with external customers for the period. (E) Includes midstream revenue of $17,990 and equity in earnings of unconsolidated affiliates of $1,377 for Shale and Other, respectively. (F) Other includes investments in unconsolidated equity affiliates of $14,978. Industry segment results for the six months ended June 30, 2023 are:
|  |  | Shale |  | Coalbed Methane |  | Other |  | Consolidated |  |  |  |  |  |  |  |  |
Natural Gas, NGLs and Oil Revenue |  |  | $ | 641,390 |  |  | $ | 70,670 |  |  | $ | 640 |  |  | $ | 712,700 |  |  |  |  |  |  |  |  |  | (G)
Purchased Gas Revenue |  |  | — |  |  | — |  |  | 46,167 |  |  | 46,167 |  |  |  |  |  |  |  |  |  |
Gain on Commodity Derivative Instruments |  |  | 17,186 |  |  | 1,331 |  |  | 1,286,122 |  |  | 1,304,639 |  |  |  |  |  |  |  |  |  |
Other Revenue and Operating Income |  |  | 33,780 |  |  | — |  |  | 18,390 |  |  | 52,170 |  |  |  |  |  |  |  |  |  | (H)
Total Revenue and Other Operating Income |  |  | $ | 692,356 |  |  | $ | 72,001 |  |  | $ | 1,351,319 |  |  | $ | 2,115,676 |  |  |  |  |  |  |  |  |  |
Total Operating Expense |  |  | $ | 359,618 |  |  | $ | 70,440 |  |  | $ | 162,173 |  |  | $ | 592,231 |  |  |  |  |  |  |  |  |  |
Earnings Before Income Tax |  |  | $ | 332,738 |  |  | $ | 1,561 |  |  | $ | 1,230,379 |  |  | $ | 1,564,678 |  |  |  |  |  |  |  |  |  |
Segment Assets |  |  | $ | 6,589,145 |  |  | $ | 949,438 |  |  | $ | 993,272 |  |  | $ | 8,531,855 |  |  |  |  |  |  |  |  |  | (I)
Depreciation, Depletion and Amortization |  |  | $ | 174,927 |  |  | $ | 25,032 |  |  | $ | 8,945 |  |  | $ | 208,904 |  |  |  |  |  |  |  |  |  |
Capital Expenditures |  |  | $ | 345,634 |  |  | $ | 17,089 |  |  | $ | 3,290 |  |  | $ | 366,013 |  |  |  |  |  |  |  |  |  |
(G) Included in Natural Gas, NGLs and Oil Revenue are sales of $86,749 to Direct Energy Business Marketing LLC, and $81,429 to Citadel Energy Marketing LLC, each of which comprises over 10% of revenue from contracts with external customers for the period. (H) Includes midstream revenue of $33,780 and equity in earnings of unconsolidated affiliates of $1,448 for Shale and Other, respectively. Other also includes sales of environmental attributes of $7,986. (I) Other includes investments in unconsolidated equity affiliates of $13,162. Industry segment results for the six months ended June 30, 2022 are:
|  |  | Shale |  | Coalbed Methane |  | Other |  | Consolidated |  |  |  |  |  |  |  |  |
Natural Gas, NGLs and Oil Revenue |  |  | $ | 1,604,080 |  |  | $ | 142,955 |  |  | $ | 995 |  |  | $ | 1,748,030 |  |  |  |  |  |  |  |  |  | (J)
Purchased Gas Revenue |  |  | — |  |  | — |  |  | 92,393 |  |  | 92,393 |  |  |  |  |  |  |  |  |  |
Loss on Commodity Derivative Instruments |  |  | (738,484) |  |  | (62,501) |  |  | (1,578,051) |  |  | (2,379,036) |  |  |  |  |  |  |  |  |  |
Other Revenue and Operating Income |  |  | 35,647 |  |  | — |  |  | 10,286 |  |  | 45,933 |  |  |  |  |  |  |  |  |  | (K)
Total Revenue and Other Operating Income (Loss) |  |  | $ | 901,243 |  |  | $ | 80,454 |  |  | $ | (1,474,377) |  |  | $ | (492,680) |  |  |  |  |  |  |  |  |  |
Total Operating Expense |  |  | $ | 387,313 |  |  | $ | 62,050 |  |  | $ | 203,630 |  |  | $ | 652,993 |  |  |  |  |  |  |  |  |  |
Earnings (Loss) Before Income Tax |  |  | $ | 513,930 |  |  | $ | 18,404 |  |  | $ | (1,733,916) |  |  | $ | (1,201,582) |  |  |  |  |  |  |  |  |  |
Segment Assets |  |  | $ | 6,417,552 |  |  | $ | 969,944 |  |  | $ | 1,308,394 |  |  | $ | 8,695,890 |  |  |  |  |  |  |  |  |  | (L)
Depreciation, Depletion and Amortization |  |  | $ | 197,354 |  |  | $ | 26,276 |  |  | $ | 11,173 |  |  | $ | 234,803 |  |  |  |  |  |  |  |  |  |
Capital Expenditures |  |  | $ | 250,079 |  |  | $ | 5,921 |  |  | $ | 2,984 |  |  | $ | 258,984 |  |  |  |  |  |  |  |  |  |
(J) Included in Natural Gas, NGLs and Oil Revenue are sales of $213,299 to Direct Energy Business Marketing LLC, which comprises over 10% of revenue from contracts with external customers for the period. (K) Includes midstream revenue of $35,647 and equity in earnings of unconsolidated affiliates of $2,177 for Shale and Other, respectively. (L) Other includes investments in unconsolidated equity affiliates of $14,978.
Reconciliation of Revenue and Other Operating (Loss) Income from Segments to Consolidated | Revenue and Other Operating Income (Loss)
| For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
2023 |  | 2022 |  | 2023 |  | 2022
Total Segment Revenue from Contracts with External Customers | $ | 283,443 |  |  | $ | 1,067,948 |  |  | $ | 792,647 |  |  | $ | 1,876,070 |
Gain (Loss) on Commodity Derivative Instruments | 542,472 |  |  | (652,643) |  |  | 1,304,639 |  |  | (2,379,036) |
Other Operating Income | 13,785 |  |  | 5,113 |  |  | 18,390 |  |  | 10,286 |
Total Consolidated Revenue and Other Operating Income (Loss) | $ | 839,700 |  |  | $ | 420,418 |  |  | $ | 2,115,676 |  |  | $ | (492,680) |

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