| Supplementary Data |
Selected Quarterly Financial Data (unaudited), (dollars in thousands, except per-share amounts):
|
|
|
2017 Quarters Ended |
|
|
|
|
December 31 |
|
|
September 30 |
|
|
June 30 |
|
|
March 31 |
|
|
Net revenues |
|
$ |
28,417 |
|
|
$ |
25,608 |
|
|
$ |
24,969 |
|
|
$ |
26,355 |
|
|
Net operating expenses |
|
|
(29,365 |
) |
|
|
(29,543 |
) |
|
|
(34,689 |
) |
|
|
(31,460 |
) |
|
Interest expense, net |
|
|
(5,370 |
) |
|
|
(5,304 |
) |
|
|
(4,916 |
) |
|
|
(5,463 |
) |
|
Gain on debt extinguishment |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
5,053 |
|
|
Commodity derivative (loss) gain |
|
|
(1,377 |
) |
|
|
(3,560 |
) |
|
|
1,231 |
|
|
|
3,444 |
|
|
Other income (expense) |
|
|
— |
|
|
|
29 |
|
|
|
— |
|
|
|
3 |
|
|
Loss before income tax benefit |
|
|
(7,695 |
) |
|
|
(12,770 |
) |
|
|
(13,405 |
) |
|
|
(2,068 |
) |
|
Income tax (benefit) provision |
|
|
(53,512 |
) |
|
|
(4,258 |
) |
|
|
(4,509 |
) |
|
|
138,700 |
|
|
Net income (loss) |
|
$ |
45,817 |
|
|
$ |
(8,512 |
) |
|
$ |
(8,896 |
) |
|
$ |
(140,768 |
) |
|
Basic net earnings (loss) applicable to common stockholders
per common share |
|
$ |
0.51 |
|
|
$ |
(0.10 |
) |
|
$ |
(0.10 |
) |
|
$ |
(2.00 |
) |
|
Diluted net earnings (loss) applicable to common stockholders
per common share |
|
$ |
0.51 |
|
|
$ |
(0.10 |
) |
|
$ |
(0.10 |
) |
|
$ |
(2.00 |
) |
|
|
|
2016 Quarters Ended |
|
|
|
|
December 31 |
|
|
September 30 |
|
|
June 30 |
|
|
March 31 |
|
|
Net revenues |
|
$ |
26,505 |
|
|
$ |
23,749 |
|
|
$ |
22,433 |
|
|
$ |
17,615 |
|
|
Net operating expenses |
|
|
(33,564 |
) |
|
|
(32,201 |
) |
|
|
(34,534 |
) |
|
|
(34,869 |
) |
|
Interest expense, net |
|
|
(7,086 |
) |
|
|
(7,067 |
) |
|
|
(6,808 |
) |
|
|
(6,298 |
) |
|
Write-off of debt issuance costs |
|
|
— |
|
|
|
— |
|
|
|
(563 |
) |
|
|
— |
|
|
Commodity derivative (loss) gain |
|
|
(2,901 |
) |
|
|
1,541 |
|
|
|
(6,667 |
) |
|
|
2,543 |
|
|
Other income (expense) |
|
|
— |
|
|
|
(10 |
) |
|
|
1,417 |
|
|
|
104 |
|
|
Loss before income tax benefit |
|
|
(17,046 |
) |
|
|
(13,988 |
) |
|
|
(24,722 |
) |
|
|
(20,905 |
) |
|
Income tax benefit |
|
|
(3,571 |
) |
|
|
(4,915 |
) |
|
|
(8,687 |
) |
|
|
(7,245 |
) |
|
Net loss |
|
$ |
(13,475 |
) |
|
$ |
(9,073 |
) |
|
$ |
(16,035 |
) |
|
$ |
(13,660 |
) |
|
Basic net loss applicable to common stockholders
per common share |
|
$ |
(0.32 |
) |
|
$ |
(0.22 |
) |
|
$ |
(0.39 |
) |
|
$ |
(0.33 |
) |
|
Diluted net loss applicable to common stockholders
per common share |
|
$ |
(0.32 |
) |
|
$ |
(0.22 |
) |
|
$ |
(0.39 |
) |
|
$ |
(0.33 |
) |
|
|
|
2015 Quarters Ended |
|
|
|
|
December 31 |
|
|
September 30 |
|
|
June 30 |
|
|
March 31 |
|
|
Net revenues |
|
$ |
25,492 |
|
|
$ |
33,941 |
|
|
$ |
38,605 |
|
|
$ |
33,298 |
|
|
Net operating expenses |
|
|
(38,671 |
) |
|
|
(272,462 |
) |
|
|
(46,970 |
) |
|
|
(45,686 |
) |
|
Interest expense, net |
|
|
(6,436 |
) |
|
|
(6,465 |
) |
|
|
(6,243 |
) |
|
|
(5,922 |
) |
|
Gain on debt extinguishment |
|
|
9,080 |
|
|
|
1,483 |
|
|
|
— |
|
|
|
— |
|
|
Commodity derivative gain (loss) |
|
|
4,267 |
|
|
|
13,051 |
|
|
|
(4,623 |
) |
|
|
6,580 |
|
|
Other income (expense) |
|
|
225 |
|
|
|
(91 |
) |
|
|
12 |
|
|
|
26 |
|
|
Loss before income tax benefit |
|
|
(6,043 |
) |
|
|
(230,543 |
) |
|
|
(19,219 |
) |
|
|
(11,704 |
) |
|
Income tax benefit |
|
|
(284 |
) |
|
|
(81,756 |
) |
|
|
(7,369 |
) |
|
|
(3,996 |
) |
|
Net loss |
|
$ |
(5,759 |
) |
|
$ |
(148,787 |
) |
|
$ |
(11,850 |
) |
|
$ |
(7,708 |
) |
|
Basic net loss applicable to common
stockholders per common share |
|
$ |
(0.14 |
) |
|
$ |
(3.67 |
) |
|
$ |
(0.29 |
) |
|
$ |
(0.19 |
) |
|
Diluted net loss applicable to common
stockholders per common share |
|
$ |
(0.14 |
) |
|
$ |
(3.67 |
) |
|
$ |
(0.29 |
) |
|
$ |
(0.19 |
) |
|