Segment Information (Tables)

3 Months Ended

Mar. 31, 2020

Industry segment results for the three months ended March 31, 2020:


	Marcellus Shale		Utica Shale		Coalbed Methane		Other Gas		Total E&P		Midstream		Unallocated		Intercompany Eliminations		Consolidated
Natural Gas, NGL and Oil Revenue	$	179,044	$	41,450	$	30,723	$	277	$	251,494	$	—	$	—	$	—	$	251,494	(A)

Purchased Gas Revenue	—		—		—		26,359		26,359		—		—		—		26,359
Midstream Revenue	—		—		—		—		—		80,341		—		(61,935)		18,406
Gain on Commodity Derivative Instruments	68,452		18,000		9,687		19,003		115,142		—		—		—		115,142
Other Operating Income	—		—		—		5,466		5,466		—		—		(508)		4,958		(B)
Total Revenue and Other Operating Income	$	247,496	$	59,450	$	40,410	$	51,105	$	398,461	$	80,341	$	—	$	(62,443)	$	416,359
Total Operating Expense	$	183,172	$	48,817	$	34,254	$	138,585	$	404,828	$	500,915	$	—	$	(62,443)	$	843,300	(C)
Earnings (Loss) Before Income Tax	$	64,324	$	10,633	$	6,156	$	(127,666)	$	(46,553)	$	(429,544)	$	18,293	$	—	$	(457,804)
Segment Assets									$	6,785,652	$	1,754,819	$	147,094	$	(158,615)	$	8,528,950	(D)
Depreciation, Depletion and Amortization									$	119,152	$	10,012	$	—	$	—	$	129,164
Capital Expenditures									$	119,393	$	32,656	$	—	$	—	$	152,049

(A) Included in Total Natural Gas, NGL and Oil Revenue are sales of $45,656 to Direct Energy Business Marketing LLC and $32,176 to NJR Energy Services Company, each of which comprises over 10% of revenue from contracts with external customers for the period.

(B) Includes equity in loss of unconsolidated affiliates of $161 for Total E&P.

(C) Included in Marcellus and Utica are $59,176 and $2,759, respectively of intercompany gathering fees. Included in Midstream is a goodwill impairment charge of $473,045 (See Note 6 - Goodwill and Other Intangible Assets for more information).

(D) Includes investments in unconsolidated equity affiliates of $16,549 for Total E&P.

Industry segment results for the three months ended March 31, 2019:


	Marcellus Shale		Utica Shale		Coalbed Methane		Other Gas		Total E&P		Midstream		Unallocated		Intercompany Eliminations		Consolidated
Natural Gas, NGL and Oil Revenue	$	293,257	$	92,951	$	49,835	$	(97)	$	435,946	$	—	$	—	$	—	$	435,946	(D)

Purchased Gas Revenue	—		—		—		16,221		16,221		—		—		—		16,221

Midstream Revenue	—		—		—		—		—		72,569		—		(54,126)		18,443
Loss on Commodity Derivative Instruments	(27,458)		(9,601)		(4,302)		(154,015)		(195,376)		—		—		—		(195,376)
Other Operating Income	—		—		—		3,258		3,258		—		—		(61)		3,197		(E)
Total Revenue and Other Operating Income	$	265,799	$	83,350	$	45,533	$	(134,633)	$	260,049	$	72,569	$	—	$	(54,187)	$	278,431
Total Operating Expense	$	178,868	$	50,333	$	32,634	$	76,217	$	338,052	$	24,962	$	—	$	(54,187)	$	308,827	(F)
Earnings (Loss) Before Income Tax	$	86,931	$	33,017	$	12,899	$	(239,277)	$	(106,430)	$	32,584	$	(2,364)	$	—	$	(76,210)
Segment Assets									$	6,638,207	$	2,011,616	$	137,564	$	(10,026)	$	8,777,361	(G)
Depreciation, Depletion and Amortization									$	117,075	$	8,086	$	—	$	—	$	125,161
Capital Expenditures									$	223,791	$	75,347	$	—	$	—	$	299,138

(D) Included in Total Natural Gas, NGL and Oil Revenue are sales of $67,769 to Direct Energy Business Marketing LLC and $66,001 to NJR Energy Services Company, each of which comprises over 10% of revenue from contracts with external customers for the period.

(E) Includes equity in earnings of unconsolidated affiliates of $503 for Total E&P.

(F) Included in Marcellus and Utica are $53,462 and $664, respectively of intercompany gathering fees.

(G) Includes investments in unconsolidated equity affiliates of $17,860 for Total E&P.

Reconciliation of Revenue from Segments to Consolidated

Revenue and Other Operating Income


	For the Three Months Ended March 31,
			2020			2019
Total Segment Revenue from Contracts with External Customers	$	296,259		$	470,610
Gain (Loss) on Commodity Derivative Instruments	115,142			(195,376)
Other Operating Income	4,958			3,197
Total Consolidated Revenue and Other Operating Income	$	416,359		$	278,431

Reconciliation of Revenue and Operating Income from Segments to Consolidated

Loss Before Income Tax:


	For the Three Months Ended March 31,
	2020		2019
Segment Earnings (Loss) Before Income Taxes for Reportable Business Segments:




E&P	$	(46,553)	$	(106,430)
Midstream	(429,544)		32,584
Total Segment Earnings (Loss) Before Income Taxes for Reportable Business Segments	$	(476,097)	$	(73,846)

Unallocated Expenses:
Other (Expense) Income	(5,013)		1,030
Gain on Certain Asset Sales	12,043		4,143

Gain (Loss) on Debt Extinguishment	11,263		(7,537)

Loss Before Income Tax	$	(457,804)	$	(76,210)

Reconciliation of Assets and Liabilities from Segment to Consolidated

Total Assets:


	March 31,
			2020			2019
Segment Assets for Total Reportable Business Segments:
E&P	$	6,785,652		$	6,638,207
Midstream	1,754,819			2,011,616
Intercompany Eliminations	(158,615)			(10,026)
Items Excluded from Segment Assets:
Cash and Cash Equivalents	31,833			23,972
Recoverable Income Taxes	115,261			113,592



Total Consolidated Assets	$	8,528,950		$	8,777,361