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SEGMENT INFORMATION (Tables)
3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Reportable segment results for the three months ended March 31, 2026 are:
For the Three Months Ended March 31, 2026
ShaleCoalbed MethaneOtherConsolidated
Natural Gas, NGLs and Oil Revenue$662,900 $58,761 $383 $722,044 (A)
(Loss) Gain on Commodity Derivative Instruments (208,340)(13,197)225,518 3,981 
Purchased Gas Revenue— — 12,687 12,687 
Other Revenue and Operating Income16,369 — 31,573 47,942 (B)
Total Revenue and Other Operating Income $470,929 $45,564 $270,161 $786,654   
Lease Operating Expense15,542 6,026 202 21,770 
Transportation, Gathering and Compression86,776 15,995 (370)102,401 
Production, Ad Valorem, and Other Fees6,564 2,212 13 8,789 
Depreciation, Depletion and Amortization112,964 14,416 7,233 134,613 
Interest Expense— — 40,470 40,470 
Other Segment Items— — 50,206 50,206 
Total Costs and Expenses$221,846 $38,649 $97,754 $358,249 
Income Before Income Tax$249,083 $6,915 $172,407 $428,405 
(A) Included in Natural Gas, NGLs and Oil Revenue are sales of $156,014 to NRG Business Marketing LLC and $83,346 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 $16,369 and equity in loss of unconsolidated affiliates of $463 for Shale and Other, respectively. Other also includes sales of environmental attributes of $14,940.
For the Three Months Ended March 31, 2026
Other Segment DisclosuresShaleCoalbed MethaneOtherConsolidated
Segment Assets$7,268,317 $894,991 $967,875 $9,131,183 (C)
Capital Expenditures$163,420 $5,400 $1,086 $169,906 
(C) Includes investments in unconsolidated equity affiliates of $5,810.

Reportable segment results for the three months ended March 31, 2025 are:
For the Three Months Ended March 31, 2025
ShaleCoalbed MethaneOtherConsolidated
Natural Gas, NGLs and Oil Revenue$507,555 $43,278 $261 $551,094 (D)
Loss on Commodity Derivative Instruments(102,700)(6,953)(418,567)(528,220)
Purchased Gas Revenue— — 11,550 11,550   
Other Revenue and Operating Income16,838 — 31,126 47,964 (E)
Total Revenue and Other Operating Income (Loss)$421,693 $36,325 $(375,630)$82,388   
Lease Operating Expense17,219 5,969 145 23,333 
Transportation, Gathering and Compression78,050 16,783 326 95,159 
Production, Ad Valorem, and Other Fees5,500 1,766 7,273 
Depreciation, Depletion and Amortization106,360 13,812 6,890 127,062 
Interest Expense— — 41,612 41,612 
Other Segment Items— — 60,748 60,748 
Total Costs and Expenses$207,129 $38,330 $109,728 $355,187 
Income (Loss) Before Income Tax$214,564 $(2,005)$(485,358)$(272,799)
(D) Included in Natural Gas, NGLs and Oil Revenue are sales of $64,800 to Citadel Energy Marketing LLC, which comprises over 10% of revenue from contracts with external customers for the period.
(E) Includes midstream revenue of $16,838 and equity in loss of unconsolidated affiliates of $58 for Shale and Other, respectively. Other also includes sales of environmental attributes of $22,886.
For the Three Months Ended March 31, 2025
Other Segment DisclosuresShaleCoalbed MethaneOtherConsolidated
Segment Assets$7,190,127 $909,369 $947,213 $9,046,709 (F)
Capital Expenditures$127,679 $2,743 $1,043 $131,465 
(F) Includes investments in unconsolidated equity affiliates of $18,323.
Schedule of Reconciliation of Revenue from Segments to Consolidated
Revenue and Other Operating Income:
For the Three Months Ended March 31,
20262025
Total Segment Revenue from Contracts with External Customers$751,100 $579,482 
Gain (Loss) on Commodity Derivative Instruments3,981 (528,220)
Other Operating Income31,573 31,126 
Total Consolidated Revenue and Other Operating Income $786,654 $82,388