Segment Information (Tables)

9 Months Ended

Sep. 30, 2018

Industry segment results for the three months ended September 30, 2018:



	Marcellus Shale		Utica Shale			Coalbed Methane		Other Gas			Total E&P		Midstream		Unallocated		Intercompany Eliminations			Consolidated
Natural Gas, NGLs and Oil Revenue	$	207,407	$	88,039		$	48,471	$	795		$	344,712	$	—	$	—	$	—		$	344,712	(A)
Purchased Gas Revenue	—		—			—		10,560			10,560		—		—		—			10,560
Midstream Revenue	—		—			—		—			—		61,372		—		(41,426		)	19,946
Gain (Loss) on Commodity Derivative Instruments	1,796		(151		)	605		15,755			18,005		—		—		—			18,005
Other Operating Income	—		—			—		3,969			3,969		—		—		(66		)	3,903		(B)
Total Revenue and Other Operating Income	$	209,203	$	87,888		$	49,076	$	31,079		$	377,246	$	61,372	$	—	$	(41,492	)	$	397,126
Earnings (Loss) From Continuing Operations Before Income Tax	$	64,408	$	41,237		$	9,642	$	(60,856	)	$	54,431	$	31,173	$	117,830	$	—		$	203,434
Segment Assets											$	6,256,132	$	1,883,134	$	82,696	$	(12,926	)	$	8,209,036	(C)
Depreciation, Depletion and Amortization											$	111,844	$	7,741	$	—	$	—		$	119,585
Capital Expenditures											$	253,263	$	44,202	$	—	$	—		$	297,465


(A)	Included in Total Natural Gas, NGLs and Oil Revenue are sales of $42,901 to NJR Energy Services Company, which comprises over 10% of sales.


(B)	Includes equity in earnings of unconsolidated affiliates of $1,241 for Total E&P.


(C)	Includes investments in unconsolidated equity affiliates of $19,488 for Total E&P.

Industry segment results for the three months ended September 30, 2017:



	Marcellus Shale		Utica Shale		Coalbed Methane		Other Gas			Total E&P			Unallocated		Consolidated
Natural Gas, NGLs and Oil Revenue	$	133,792	$	43,375	$	46,744	$	10,531		$	234,442		$	—	$	234,442		(D)
Purchased Gas Revenue	—		—		—		13,384			13,384			—		13,384
Gain on Commodity Derivative Instruments	11,299		2,517		3,093		2,274			19,183			—		19,183
Other Operating Income	—		—		—		20,176			20,176			—		20,176
Total Revenue and Other Operating Income	$	145,091	$	45,892	$	49,837	$	46,365		$	287,185		$	—	$	287,185
Earnings (Loss) From Continuing Operations Before Income Tax	$	12,124	$	7,341	$	5,454	$	(71,655	)	$	(46,736	)	$	35,470	$	(11,266	)	(E)
Segment Assets										$	6,191,981		$	2,787,587	$	8,979,568		(F)
Depreciation, Depletion and Amortization										$	102,012		$	—	$	102,012
Capital Expenditures										$	149,500		$	—	$	149,500


(D)	Included in Total Natural Gas, NGLs and Oil Revenue are sales of $34,660 to Direct Energy Business Marketing LLC, which comprises over 10% of sales.


(E)	Includes equity in earnings of unconsolidated affiliates of $12,425 for Total E&P.


(F)	Includes investments in unconsolidated equity affiliates of $190,154 for Total E&P.

Industry segment results for the nine months ended September 30, 2018:



	Marcellus Shale		Utica Shale		Coalbed Methane		Other Gas			Total E&P		Midstream		Unallocated		Intercompany Eliminations			Consolidated
Natural Gas, NGLs and Oil Revenue	$	590,728	$	326,119	$	152,854	$	15,150		$	1,084,851	$	—	$	—	$	—		$	1,084,851	(A)
Purchased Gas Revenue	—		—				38,546			38,546		—		—		—			38,546
Midstream Revenue	—		—		—		—			—		186,875		—		(117,191		)	69,684
Gain on Commodity Derivative Instruments	1,411		746		330		76,265			78,752		—		—		—			78,752
Other Operating Income	—		—		—		23,355			23,355		—		—		(209		)	23,146		(B)
Total Revenue and Other Operating Income	$	592,139	$	326,865	$	153,184	$	153,316		$	1,225,504	$	186,875	$	—	$	(117,400	)	$	1,294,979
Earnings (Loss) From Continuing Operations Before Income Tax	$	155,923	$	143,830	$	35,164	$	(138,551	)	$	196,366	$	94,502	$	702,097	$	—		$	992,965
Segment Assets										$	6,256,132	$	1,883,134	$	82,696	$	(12,926	)	$	8,209,036	(C)
Depreciation, Depletion and Amortization										$	338,834	$	24,504	$	—	$	—		$	363,338
Capital Expenditures										$	708,660	$	85,464	$	—	$	—		$	794,124


(A)	Included in Total Natural Gas, NGLs and Oil Revenue are sales of $158,746 to NJR Energy Services Company, which comprises over 10% of sales.


(B)	Includes equity in earnings of unconsolidated affiliates of $4,688 for Total E&P


(C)	Includes investments in unconsolidated equity affiliates of $19,488 for Total E&P.

Industry segment results for the nine months ended September 30, 2017:



	Marcellus Shale			Utica Shale			Coalbed Methane			Other Gas			Total E&P			Unallocated		Consolidated
Natural Gas, NGLs and Oil Revenue	$	477,391		$	136,493		$	157,344		$	41,283		$	812,511		$	—	$	812,511	(D)
Purchased Gas Revenue	—			—			—			32,678			32,678			—		32,678
(Loss) Gain on Commodity Derivative Instruments	(42,911		)	(2,234		)	(12,894		)	138,547			80,508			—		80,508
Other Operating Income	—			—			—			52,483			52,483			—		52,483
Total Revenue and Other Operating Income	$	434,480		$	134,259		$	144,450		$	264,991		$	978,180		$	—	$	978,180
Earnings (Loss) From Continuing Operations Before Income Tax	$	58,504		$	34,211		$	9,026		$	(236,953	)	$	(135,212	)	$	165,283	$	30,071	(E)
Segment Assets													$	6,191,981		$	2,787,587	$	8,979,568	(F)
Depreciation, Depletion and Amortization													$	289,329		$	—	$	289,329
Capital Expenditures													$	399,462		$	—	$	399,462


(D)	Included in Total Natural Gas, NGLs and Oil Revenue are sales of $121,300 to Direct Energy Business Marketing LLC and $110,548 to NJR Energy Services Company, each of which comprises over 10% of sales.


(E)	Includes equity in earnings of unconsolidated affiliates of $34,810 for Total E&P.


(F)	Includes investments in unconsolidated equity affiliates of $190,154 for Total E&P.

Revenue and Other Operating Income



	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2018		2017		2018		2017
Total Segment Revenue from Contracts with External Customers	$	375,218	$	247,826	$	1,193,081	$	845,189
Gain on Commodity Derivative Instruments	18,005		19,183		78,752		80,508
Other Operating Income	3,903		20,176		23,146		52,483
Total Consolidated Revenue and Other Operating Income	$	397,126	$	287,185	$	1,294,979	$	978,180

Income from Continuing Operations Before Income Tax:



	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2018			2017			2018			2017
Segment Income (Loss) Before Income Taxes for reportable business segments:
Total E&P	$	54,431		$	(46,736	)	$	196,366		$	(135,212	)
Midstream	31,173			—			94,502			—
Total Segment Income (Loss) Before Income Taxes for reportable business segments	85,604			(46,736		)	290,868			(135,212		)
Unallocated Expenses:
Other (Expense) Income	(1,105		)	(8,254		)	4,811			(17,803		)
Gain on Certain Asset Sales	134,320			45,743			146,706			184,319
Gain on Previously Held Equity Interest	—			—			623,663			—
Loss on Debt Extinguishment	(15,385		)	(2,019		)	(54,433		)	(1,233		)
Impairment of Other Intangible Assets	—			—			(18,650		)	—
Income (Loss) From Continuing Operations Before Income Tax	$	203,434		$	(11,266	)	$	992,965		$	30,071

Total Assets:



	September 30,
	2018			2017
Segment assets for total reportable business segments
E&P	$	6,256,132		$	6,191,981
Midstream	1,883,134			—
Intercompany Eliminations	(12,926		)	—
Items excluded from segment assets:
Cash and Cash Equivalents	42,672			281,148
Recoverable Income Taxes	40,024			101,501
Discontinued Operations	—			2,404,938
Total Consolidated Assets	$	8,209,036		$	8,979,568