XML 30 R5.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share data) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating revenues and other income:      
Oil, gas, and NGL production revenue $ 3,345,906 $ 2,597,915 $ 1,126,188
Other operating income 12,741 24,979 485
Total operating revenues and other income 3,358,647 2,622,894 1,126,673
Operating expenses:      
Oil, gas, and NGL production expense 620,912 505,416 391,217
Depletion, depreciation, amortization, and asset retirement obligation liability accretion 603,780 774,386 784,987
Exploration 54,943 39,296 40,997
Impairment 7,468 35,000 1,016,013
General and administrative 114,558 111,945 99,160
Net derivative (gain) loss 374,012 901,659 (161,576)
Other operating expense, net 3,493 46,069 24,825
Total operating expenses 1,779,166 2,413,771 2,195,623
Income (loss) from operations 1,579,481 209,123 (1,068,950)
Interest expense (120,346) (160,353) (163,892)
Net gain (loss) on extinguishment of debt (67,605) (2,139) 280,081
Other non-operating income (expense), net 4,240 (464) (3,944)
Income (loss) before income taxes 1,395,770 46,167 (956,705)
Income tax (expense) benefit (283,818) (9,938) 192,091
Net income (loss) $ 1,111,952 $ 36,229 $ (764,614)
Basic weighted-average common shares outstanding 122,351 119,043 113,730
Diluted weighted-average common shares outstanding 124,084 123,690 113,730
Basic net income (loss) per common share $ 9.09 $ 0.30 $ (6.72)
Diluted net income (loss) per common share $ 8.96 $ 0.29 $ (6.72)