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SEGMENT INFORMATION (Tables)
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Industry Segment Results
Reportable segment results for the three months ended June 30, 2025 are:
For the Three Months Ended June 30, 2025
ShaleCoalbed MethaneOtherConsolidated
Natural Gas, NGLs and Oil Revenue$451,618 $33,180 $231 $485,029 (A)
(Loss) Gain on Commodity Derivative Instruments (33,256)(2,133)456,510 421,121 
Purchased Gas Revenue— — 10,408 10,408 
Other Revenue and Operating Income17,432 — 28,432 45,864 (B)
Total Revenue and Other Operating Income$435,794 $31,047 $495,581 $962,422   
Lease Operating Expense20,214 6,016 26 26,256 
Transportation, Gathering and Compression80,049 16,327 577 96,953 
Production, Ad Valorem, and Other Fees8,209 1,452 9,668 
Depreciation, Depletion and Amortization131,268 14,806 6,521 152,595 
Interest Expense— — 44,041 44,041 
Other Segment Items— — 47,268 47,268 
Total Costs and Expenses$239,740 $38,601 $98,440 $376,781 
Income (Loss) Before Income Tax$196,054 $(7,554)$397,141 $585,641 
(A) Included in Natural Gas, NGLs and Oil Revenue are sales of $59,948 to Citadel Energy Marketing LLC, $58,792 to NRG Business Marketing LLC, and $56,365 to DTE Energy Trading, Inc., each of which comprises over 10% of revenue from contracts with external customers for the period.
(B) Includes midstream revenue of $17,432 and equity in earnings of unconsolidated affiliates of $605 for Shale and Other, respectively. Other also includes sales of environmental attributes of $20,400.
For the Three Months Ended June 30, 2025
Other Segment DisclosuresShaleCoalbed MethaneOtherConsolidated
Segment Assets$7,143,060 $923,635 $921,172 $8,987,867 (C)
Capital Expenditures$85,556 $26,505 $1,504 $113,565 
(C) Includes investments in unconsolidated equity affiliates of $19,178.

Reportable segment results for the three months ended June 30, 2024 are:
For the Three Months Ended June 30, 2024
ShaleCoalbed MethaneOtherConsolidated
Natural Gas, NGLs and Oil Revenue$215,598 $20,485 $150 $236,233 (D)
Gain (Loss) on Commodity Derivative Instruments101,919 8,115 (95,939)14,095 
Purchased Gas Revenue— — 11,029 11,029   
Other Revenue and Operating Income16,441 — 43,645 60,086 (E)
Total Revenue and Other Operating Income (Loss)$333,958 $28,600 $(41,115)$321,443   
Lease Operating Expense12,309 5,363 147 17,819 
Transportation, Gathering and Compression75,486 15,979 244 91,709 
Production, Ad Valorem, and Other Fees5,411 1,213 14 6,638 
Depreciation, Depletion and Amortization97,909 14,588 5,044 117,541 
Interest Expense— — 38,634 38,634 
Other Segment Items— — 64,345 64,345 
Total Costs and Expenses$191,115 $37,143 $108,428 $336,686 
Income (Loss) Before Income Tax$142,843 $(8,543)$(149,543)$(15,243)
(D) Included in Natural Gas, NGLs and Oil Revenue are sales of $28,684 to Citadel Energy Marketing LLC, which comprises over 10% of revenue from contracts with external customers for the period.
(E) Includes midstream revenue of $16,441 and equity in loss of unconsolidated affiliates of $227 for Shale and Other, respectively. Other also includes sales of environmental attributes of $32,877.
For the Three Months Ended June 30, 2024
Other Segment DisclosuresShaleCoalbed MethaneOtherConsolidated
Segment Assets$6,676,756 $939,831 $986,367 $8,602,954 (F)
Capital Expenditures$138,917 $7,760 $5,239 $151,916 
(F) Includes investments in unconsolidated equity affiliates of $15,394.
Reportable segment results for the six months ended June 30, 2025 are:
For the Six Months Ended June 30, 2025
ShaleCoalbed MethaneOtherConsolidated
Natural Gas, NGLs and Oil Revenue$959,173 $76,458 $492 $1,036,123 (G)
(Loss) Gain on Commodity Derivative Instruments (135,956)(9,086)37,943 (107,099)
Purchased Gas Revenue— — 21,959 21,959 
Other Revenue and Operating Income34,270 — 59,558 93,828 (H)
Total Revenue and Other Operating Income $857,487 $67,372 $119,952 $1,044,811   
Lease Operating Expense37,433 11,985 170 49,588 
Transportation, Gathering and Compression158,099 33,110 903 192,112 
Production, Ad Valorem, and Other Fees13,709 3,218 14 16,941 
Depreciation, Depletion and Amortization237,628 28,618 13,411 279,657 
Interest Expense— — 85,652 85,652 
Other Segment Items— — 108,019 108,019 
Total Costs and Expenses$446,869 $76,931 $208,169 $731,969 
Income (Loss) Before Income Tax$410,618 $(9,559)$(88,217)$312,842 
(G) Included in Natural Gas, NGLs and Oil Revenue are sales of $124,748 to Citadel Energy Marketing LLC, which comprises over 10% of revenue from contracts with external customers for the period.
(H) Includes midstream revenue of $34,270 and equity in earnings of unconsolidated affiliates of $548 for Shale and Other, respectively. Other also includes sales of environmental attributes of $43,285.
For the Six Months Ended June 30, 2025
Other Segment DisclosuresShaleCoalbed MethaneOtherConsolidated
Segment Assets$7,143,060 $923,635 $921,172 $8,987,867 (I)
Capital Expenditures$213,235 $29,248 $2,547 $245,030 
(I) Includes investments in unconsolidated equity affiliates of $19,178.

Reportable segment results for the six months ended June 30, 2024 are:
For the Six Months Ended June 30, 2024
ShaleCoalbed MethaneOtherConsolidated
Natural Gas, NGLs and Oil Revenue$508,360 $53,348 $497 $562,205 (J)
Gain (Loss) on Commodity Derivative Instruments152,698 11,961 (143,036)21,623 
Purchased Gas Revenue— — 25,306 25,306   
Other Revenue and Operating Income32,335 — 64,526 96,861 (K)
Total Revenue and Other Operating Income (Loss)$693,393 $65,309 $(52,707)$705,995   
Lease Operating Expense24,478 10,738 329 35,545 
Transportation, Gathering and Compression156,012 31,661 686 188,359 
Production, Ad Valorem, and Other Fees11,345 2,888 30 14,263 
Depreciation, Depletion and Amortization197,386 28,860 9,945 236,191 
Interest Expense— — 76,075 76,075 
Other Segment Items— — 164,486 164,486 
Total Costs and Expenses$389,221 $74,147 $251,551 $714,919 
Income (Loss) Before Income Tax$304,172 $(8,838)$(304,258)$(8,924)
(J) Included in Natural Gas, NGLs and Oil Revenue are sales of $67,854 to NRG Business Marketing LLC, which comprises over 10% of revenue from contracts with external customers for the period.
(K) Includes midstream revenue of $32,335 and equity in loss of unconsolidated affiliates of $477 for Shale and Other, respectively. Other also includes sales of environmental attributes of $45,646.
For the Six Months Ended June 30, 2024
Other Segment DisclosuresShaleCoalbed MethaneOtherConsolidated
Segment Assets$6,676,756 $939,831 $986,367 $8,602,954 (L)
Capital Expenditures$291,791 $16,428 $11,881 $320,100 
(L) Includes investments in unconsolidated equity affiliates of $15,394.
Schedule of Reconciliation of Revenue and Other Operating (Loss) Income from Segments to Consolidated
Revenue and Other Operating Income:
For the Three Months Ended June 30,For the Six Months Ended June 30,
2025202420252024
Total Segment Revenue from Contracts with External Customers$512,869 $263,703 $1,092,352 $619,846 
Gain (Loss) on Commodity Derivative Instruments421,121 14,095 (107,099)21,623 
Other Operating Income28,432 43,645 59,558 64,526 
Total Consolidated Revenue and Other Operating Income $962,422 $321,443 $1,044,811 $705,995