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Segment Information (Tables)

6 Months Ended

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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Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues.

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