XML 50 R39.htm IDEA: XBRL DOCUMENT
v3.24.3

Segment Information (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
Segment Reporting [Abstract] |
Industry Segment Results | Industry segment results for the three months ended September 30, 2024 are:
|  |  | Shale |  | Coalbed Methane |  | Other |  | Consolidated |  |  |  |  |  |  |  |  |
Natural Gas, NGLs and Oil Revenue |  |  | $ | 237,403 |  |  | $ | 21,854 |  |  | $ | 202 |  |  | $ | 259,459 |  |  |  |  |  |  |  |  |  | (A)
Purchased Gas Revenue |  |  | — |  |  | — |  |  | 27,306 |  |  | 27,306 |  |  |  |  |  |  |  |  |  |
Gain (Loss) on Commodity Derivative Instruments |  |  | 87,502 |  |  | 7,121 |  |  | (5,659) |  |  | 88,964 |  |  |  |  |  |  |  |  |  |
Other Revenue and Operating Income |  |  | 18,040 |  |  | — |  |  | 30,444 |  |  | 48,484 |  |  |  |  |  |  |  |  |  | (B)
Total Revenue and Other Operating Income |  |  | $ | 342,945 |  |  | $ | 28,975 |  |  | $ | 52,293 |  |  | $ | 424,213 |  |  |  |  |  |  |  |  |  |
Total Operating Expense |  |  | $ | 197,844 |  |  | $ | 38,101 |  |  | $ | 82,944 |  |  | $ | 318,889 |  |  |  |  |  |  |  |  |  |
Earnings (Loss) Before Income Tax |  |  | $ | 145,101 |  |  | $ | (9,126) |  |  | $ | (53,414) |  |  | $ | 82,561 |  |  |  |  |  |  |  |  |  |
Segment Assets |  |  | $ | 6,663,892 |  |  | $ | 932,410 |  |  | $ | 941,747 |  |  | $ | 8,538,049 |  |  |  |  |  |  |  |  |  | (C)
Depreciation, Depletion and Amortization |  |  | $ | 101,136 |  |  | $ | 15,025 |  |  | $ | 5,066 |  |  | $ | 121,227 |  |  |  |  |  |  |  |  |  |
Capital Expenditures |  |  | $ | 105,133 |  |  | $ | 7,389 |  |  | $ | 2,215 |  |  | $ | 114,737 |  |  |  |  |  |  |  |  |  |
(A) Included in Natural Gas, NGLs and Oil Revenue are sales of $30,665 to Citadel Energy Marketing LLC, which comprises over 10% of revenue from contracts with external customers for the period. (B) Includes midstream revenue of $18,040 and equity in loss of unconsolidated affiliates of $529 for Shale and Other, respectively. Other also includes sales of environmental attributes of $24,898. (C) Other includes investments in unconsolidated equity affiliates of $18,369. Industry segment results for the three months ended September 30, 2023 are:
|  |  | Shale |  | Coalbed Methane |  | Other |  | Consolidated |  |  |  |  |  |  |  |  |
Natural Gas, NGLs and Oil Revenue |  |  | $ | 227,421 |  |  | $ | 27,529 |  |  | $ | 174 |  |  | $ | 255,124 |  |  |  |  |  |  |  |  |  | (D)
Purchased Gas Revenue |  |  | — |  |  | — |  |  | 11,135 |  |  | 11,135 |  |  |  |  |  |  |  |  |  |
Gain (Loss) on Commodity Derivative Instruments |  |  | 94,520 |  |  | 7,314 |  |  | (54,031) |  |  | 47,803 |  |  |  |  |  |  |  |  |  |
Other Revenue and Operating Income |  |  | 16,383 |  |  | — |  |  | 20,061 |  |  | 36,444 |  |  |  |  |  |  |  |  |  | (E)
Total Revenue and Other Operating Income (Loss) |  |  | $ | 338,324 |  |  | $ | 34,843 |  |  | $ | (22,661) |  |  | $ | 350,506 |  |  |  |  |  |  |  |  |  |
Total Operating Expense |  |  | $ | 192,012 |  |  | $ | 35,742 |  |  | $ | 72,189 |  |  | $ | 299,943 |  |  |  |  |  |  |  |  |  |
Earnings (Loss) Before Income Tax |  |  | $ | 146,312 |  |  | $ | (899) |  |  | $ | (126,171) |  |  | $ | 19,242 |  |  |  |  |  |  |  |  |  |
Segment Assets |  |  | $ | 6,641,021 |  |  | $ | 946,034 |  |  | $ | 905,582 |  |  | $ | 8,492,637 |  |  |  |  |  |  |  |  |  | (F)
Depreciation, Depletion and Amortization |  |  | $ | 94,660 |  |  | $ | 12,498 |  |  | $ | 4,697 |  |  | $ | 111,855 |  |  |  |  |  |  |  |  |  |
Capital Expenditures |  |  | $ | 188,798 |  |  | $ | 9,655 |  |  | $ | 7,189 |  |  | $ | 205,642 |  |  |  |  |  |  |  |  |  |
(D) Included in Natural Gas, NGLs and Oil Revenue are sales of $42,766 to Citadel Energy Marketing LLC, and $35,095 to NRG Business Marketing LLC, each of which comprises over 10% of revenue from contracts with external customers for the period. (E) Includes midstream revenue of $16,383 and equity in earnings of unconsolidated affiliates of $246 for Shale and Other, respectively. Other also includes sales of environmental attributes of $14,837. (F) Other includes investments in unconsolidated equity affiliates of $12,408. Industry segment results for the nine months ended September 30, 2024 are:
|  |  | Shale |  | Coalbed Methane |  | Other |  | Consolidated |  |  |  |  |  |  |  |  |
Natural Gas, NGLs and Oil Revenue |  |  | $ | 745,763 |  |  | $ | 75,202 |  |  | $ | 699 |  |  | $ | 821,664 |  |  |  |  |  |  |  |  |  | (G)
Purchased Gas Revenue |  |  | — |  |  | — |  |  | 52,612 |  |  | 52,612 |  |  |  |  |  |  |  |  |  |
Gain (Loss) on Commodity Derivative Instruments |  |  | 240,200 |  |  | 19,082 |  |  | (148,695) |  |  | 110,587 |  |  |  |  |  |  |  |  |  |
Other Revenue and Operating Income |  |  | 50,375 |  |  | — |  |  | 94,970 |  |  | 145,345 |  |  |  |  |  |  |  |  |  | (H)
Total Revenue and Other Operating Income (Loss) |  |  | $ | 1,036,338 |  |  | $ | 94,284 |  |  | $ | (414) |  |  | $ | 1,130,208 |  |  |  |  |  |  |  |  |  |
Total Operating Expense |  |  | $ | 587,065 |  |  | $ | 112,248 |  |  | $ | 237,970 |  |  | $ | 937,283 |  |  |  |  |  |  |  |  |  |
Earnings (Loss) Before Income Tax |  |  | $ | 449,273 |  |  | $ | (17,964) |  |  | $ | (357,672) |  |  | $ | 73,637 |  |  |  |  |  |  |  |  |  |
Segment Assets |  |  | $ | 6,663,892 |  |  | $ | 932,410 |  |  | $ | 941,747 |  |  | $ | 8,538,049 |  |  |  |  |  |  |  |  |  | (I)
Depreciation, Depletion and Amortization |  |  | $ | 298,521 |  |  | $ | 43,885 |  |  | $ | 15,012 |  |  | $ | 357,418 |  |  |  |  |  |  |  |  |  |
Capital Expenditures |  |  | $ | 396,924 |  |  | $ | 23,817 |  |  | $ | 14,096 |  |  | $ | 434,837 |  |  |  |  |  |  |  |  |  |
(G) Included in Natural Gas, NGLs and Oil Revenue are sales of $95,194 to NRG Business Marketing LLC, which comprises over 10% of revenue from contracts with external customers for the period. (H) Includes midstream revenue of $50,375 and equity in loss of unconsolidated affiliates of $1,006 for Shale and Other, respectively. Other also includes sales of environmental attributes of $70,544. (I) Other includes investments in unconsolidated equity affiliates of $18,369. Industry segment results for the nine months ended September 30, 2023 are:
|  |  | Shale |  | Coalbed Methane |  | Other |  | Consolidated |  |  |  |  |  |  |  |  |
Natural Gas, NGLs and Oil Revenue |  |  | $ | 868,811 |  |  | $ | 98,199 |  |  | $ | 813 |  |  | $ | 967,823 |  |  |  |  |  |  |  |  |  | (J)
Purchased Gas Revenue |  |  | — |  |  | — |  |  | 57,302 |  |  | 57,302 |  |  |  |  |  |  |  |  |  |
Gain on Commodity Derivative Instruments |  |  | 111,706 |  |  | 8,644 |  |  | 1,232,092 |  |  | 1,352,442 |  |  |  |  |  |  |  |  |  |
Other Revenue and Operating Income |  |  | 50,165 |  |  | — |  |  | 38,449 |  |  | 88,614 |  |  |  |  |  |  |  |  |  | (K)
Total Revenue and Other Operating Income |  |  | $ | 1,030,682 |  |  | $ | 106,843 |  |  | $ | 1,328,656 |  |  | $ | 2,466,181 |  |  |  |  |  |  |  |  |  |
Total Operating Expense |  |  | $ | 551,631 |  |  | $ | 106,181 |  |  | $ | 234,361 |  |  | $ | 892,173 |  |  |  |  |  |  |  |  |  |
Earnings Before Income Tax |  |  | $ | 479,051 |  |  | $ | 662 |  |  | $ | 1,104,207 |  |  | $ | 1,583,920 |  |  |  |  |  |  |  |  |  |
Segment Assets |  |  | $ | 6,641,021 |  |  | $ | 946,034 |  |  | $ | 905,582 |  |  | $ | 8,492,637 |  |  |  |  |  |  |  |  |  | (L)
Depreciation, Depletion and Amortization |  |  | $ | 269,586 |  |  | $ | 37,530 |  |  | $ | 13,642 |  |  | $ | 320,758 |  |  |  |  |  |  |  |  |  |
Capital Expenditures |  |  | $ | 534,432 |  |  | $ | 26,744 |  |  | $ | 10,479 |  |  | $ | 571,655 |  |  |  |  |  |  |  |  |  |
(J) Included in Natural Gas, NGLs and Oil Revenue are sales of $124,195 to Citadel Energy Marketing LLC, and $121,844 to NRG Business Marketing LLC, each of which comprises over 10% of revenue from contracts with external customers for the period. (K) Includes midstream revenue of $50,165 and equity in earnings of unconsolidated affiliates of $1,694 for Shale and Other, respectively. Other also includes sales of environmental attributes of $22,823. (L) Other includes investments in unconsolidated equity affiliates of $12,408.
Reconciliation of Revenue and Other Operating (Loss) Income from Segments to Consolidated | Revenue and Other Operating Income
| For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
2024 |  | 2023 |  | 2024 |  | 2023
Total Segment Revenue from Contracts with External Customers | $ | 304,805 |  |  | $ | 282,642 |  |  | $ | 924,651 |  |  | $ | 1,075,290 |
Gain on Commodity Derivative Instruments | 88,964 |  |  | 47,803 |  |  | 110,587 |  |  | 1,352,442 |
Other Operating Income | 30,444 |  |  | 20,061 |  |  | 94,970 |  |  | 38,449 |
Total Consolidated Revenue and Other Operating Income | $ | 424,213 |  |  | $ | 350,506 |  |  | $ | 1,130,208 |  |  | $ | 2,466,181 |

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration