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Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2024
Segment Reporting [Abstract] |
Industry Segment Results | Industry segment results for the three months ended March 31, 2024 are:
|  |  | Shale |  | Coalbed Methane |  | Other |  | Consolidated |  |  |  |  |  |  |  |  |
Natural Gas, NGLs and Oil Revenue |  |  | $ | 292,762 |  |  | $ | 32,863 |  |  | $ | 347 |  |  | $ | 325,972 |  |  |  |  |  |  |  |  |  | (A)
Purchased Gas Revenue |  |  | — |  |  | — |  |  | 14,277 |  |  | 14,277 |  |  |  |  |  |  |  |  |  |
Gain (Loss) on Commodity Derivative Instruments |  |  | 50,779 |  |  | 3,846 |  |  | (47,097) |  |  | 7,528 |  |  |  |  |  |  |  |  |  |
Other Revenue and Operating Income |  |  | 15,894 |  |  | — |  |  | 20,882 |  |  | 36,776 |  |  |  |  |  |  |  |  |  | (B)
Total Revenue and Other Operating Income (Loss) |  |  | $ | 359,435 |  |  | $ | 36,709 |  |  | $ | (11,591) |  |  | $ | 384,553 |  |  |  |  |  |  |  |  |  |
Total Operating Expense |  |  | $ | 198,106 |  |  | $ | 37,004 |  |  | $ | 83,741 |  |  | $ | 318,851 |  |  |  |  |  |  |  |  |  |
Earnings (Loss) Before Income Tax |  |  | $ | 161,329 |  |  | $ | (295) |  |  | $ | (154,715) |  |  | $ | 6,319 |  |  |  |  |  |  |  |  |  |
Segment Assets |  |  | $ | 6,667,562 |  |  | $ | 939,781 |  |  | $ | 1,049,299 |  |  | $ | 8,656,642 |  |  |  |  |  |  |  |  |  | (C)
Depreciation, Depletion and Amortization |  |  | $ | 99,476 |  |  | $ | 14,273 |  |  | $ | 4,901 |  |  | $ | 118,650 |  |  |  |  |  |  |  |  |  |
Capital Expenditures |  |  | $ | 152,874 |  |  | $ | 8,668 |  |  | $ | 6,642 |  |  | $ | 168,184 |  |  |  |  |  |  |  |  |  |
(A) Included in Natural Gas, NGLs and Oil Revenue are sales of $42,909 to NRG Business Marketing LLC (formerly Direct Energy Business Marketing LLC), which comprises over 10% of revenue from contracts with external customers for the period. (B) Includes midstream revenue of $15,894 and equity in loss of unconsolidated affiliates of $250 for Shale and Other, respectively. Other also includes sales of environmental attributes of $12,769. (C) Other includes investments in unconsolidated equity affiliates of $13,631. 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 |  |  |  |  |  |  |  |  |  | (D)
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 |  |  |  |  |  |  |  |  |  | (E)
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 |  |  |  |  |  |  |  |  |  | (F)
Depreciation, Depletion and Amortization |  |  | $ | 88,110 |  |  | $ | 12,447 |  |  | $ | 4,665 |  |  | $ | 105,222 |  |  |  |  |  |  |  |  |  |
Capital Expenditures |  |  | $ | 159,349 |  |  | $ | 9,459 |  |  | $ | 1,220 |  |  | $ | 170,028 |  |  |  |  |  |  |  |  |  |
(D) Included in 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. (E) Includes midstream revenue of $16,754 and equity in earnings of unconsolidated affiliates of $114 for Shale and Other, respectively. (F) Other includes investments in unconsolidated equity affiliates of $11,828.
Reconciliation of Revenue and Other Operating (Loss) Income from Segments to Consolidated | Revenue and Other Operating Income
|  |  | For the Three Months Ended March 31,
|  |  |  | 2024 |  | 2023
Total Segment Revenue from Contracts with External Customers |  |  |  |  | $ | 356,143 |  |  | $ | 509,205 |
Gain on Commodity Derivative Instruments |  |  |  |  | 7,528 |  |  | 762,167 |
Other Operating Income |  |  |  |  | 20,882 |  |  | 4,605 |
Total Consolidated Revenue and Other Operating Income |  |  |  |  | $ | 384,553 |  |  | $ | 1,275,977 |

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