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Consolidated statements of operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Mar. 21, 2017
Sep. 30, 2017
Sep. 30, 2018
Revenues:          
Net commodity sales $ 65,519 $ 75,947   $ 157,803 $ 181,835
Sublease revenue 1,199 0   0 3,595
Total revenues 66,718 75,947   157,803 185,430
Costs and expenses:          
Lease operating 12,493 24,209   51,527 42,045
Production taxes 4,028 4,536   8,235 9,473
Depreciation, depletion and amortization 22,252 32,167   66,432 63,765
General and administrative 9,021 9,924   24,641 28,718
Cost reduction initiatives 210 34   155 1,034
Other 402 0   0 1,633
Total costs and expenses 48,406 73,812   157,360 146,668
Operating income 18,312 2,135   443 38,762
Non-operating (expense) income:          
Interest expense (4,205) (5,283)   (10,984) (7,315)
Derivative (losses) gains (23,677) (15,448)   (4,089) (72,464)
(Loss) gain on sale of assets (2,024) (13)   (876) (2,599)
Other income, net 19 389   696 123
Net non-operating (expense) income (29,887) (20,355)   (15,253) (82,255)
Reorganization items, net (493) (858)   (2,548) (2,010)
(Loss) income before income taxes (12,068) (19,078)   (17,358) (45,503)
Income tax expense 0 37   75 0
Net (loss) income $ (12,068) $ (19,115)   $ (17,433) $ (45,503)
Earnings per share:          
Basic for Class A and Class B (in usd per share) $ (0.27) $ (0.42)   $ (0.39) $ (1.01)
Diluted for Class A and Class B (in usd per share) $ (0.27) $ (0.42)   $ (0.39) $ (1.01)
Weighted average shares used to compute earnings per share:          
Basic for Class A and Class B 45,333,745 44,982,142   44,982,142 45,272,595
Diluted for Class A and Class B 45,333,745 44,982,142 [1]   44,982,142 [1] 45,272,595
Transportation and processing          
Costs and expenses:          
Cost of goods sold $ 4,593 $ 2,942 [2]   $ 6,370 [2] $ 11,916
Predecessor          
Revenues:          
Net commodity sales     $ 66,531    
Sublease revenue     0    
Total revenues     66,531    
Costs and expenses:          
Lease operating     19,941    
Production taxes     2,417    
Depreciation, depletion and amortization     24,915    
General and administrative     6,843    
Cost reduction initiatives     629    
Other     0    
Total costs and expenses     56,779    
Operating income     9,752    
Non-operating (expense) income:          
Interest expense     (5,862)    
Derivative (losses) gains     48,006    
(Loss) gain on sale of assets     206    
Other income, net     1,167    
Net non-operating (expense) income     43,517    
Reorganization items, net     988,727    
(Loss) income before income taxes     1,041,996    
Income tax expense     37    
Net (loss) income     $ 1,041,959    
Weighted average shares used to compute earnings per share:          
Basic for Class A and Class B     0    
Diluted for Class A and Class B     0    
Predecessor | Transportation and processing          
Costs and expenses:          
Cost of goods sold [2]     $ 2,034    
[1] During the 2017 periods presented, 140,023 warrants were outstanding. All such warrants expired on June 30, 2018. The warrants to purchase shares of our Class A common stock were antidilutive due to the exercise price exceeding the average price of our Class A shares for the periods presented and due to the net losses we incurred.
[2] See “Note 5—Revenue recognition.”