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Supplemental quarterly financial information (unaudited) (Tables)
12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Summary of Unaudited Interim Results of Operations

The following tables present a summary of our unaudited interim results of operations:

 

 

Predecessor

 

 

 

Successor

 

 

 

First

 

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

 

 

Quarter

 

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues

 

$

66,531

 

 

 

$

7,808

 

 

$

74,048

 

 

$

75,947

 

 

$

69,276

 

Operating income (loss) (1)

 

$

9,752

 

 

 

$

(6,292

)

 

$

4,600

 

 

$

2,135

 

 

$

(45,709

)

Net income (loss) (2)(3)

 

$

1,041,959

 

 

 

$

(19,683

)

 

$

21,365

 

 

$

(19,115

)

 

$

(101,469

)

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic for Class A and Class B

 

*

 

 

 

*

 

 

$

0.47

 

 

$

(0.42

)

 

$

(2.26

)

Diluted for Class A and Class B

 

*

 

 

 

*

 

 

$

0.47

 

 

$

(0.42

)

 

$

(2.26

)

____________________________________________________________

 

(1)

Includes loss on impairment of oil and natural gas properties of $42,146 for the fourth quarter.

 

(2)

Includes a loss from the sale of our EOR assets of $25,163 for the fourth quarter. See “Note 6—Acquisitions and divestitures” for additional information.

 

(3)

Includes reorganization items income (expense) related to the Company’s restructuring under Chapter 11 filings of $988,727, $(620), $(1,070), $(858), and $(543) for the Predecessor first quarter, Successor first, second, third, and fourth quarters, respectively. See “Note 4—Fresh start accounting” for additional information.

*     Item not disclosed. See “Note 2—Earnings per share.”

 

 

Predecessor

 

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues

 

$

48,239

 

 

$

65,990

 

 

$

65,847

 

 

$

72,076

 

Operating income (loss) (1)(2)

 

$

(103,718

)

 

$

(209,864

)

 

$

7,519

 

 

$

10,599

 

Net income (loss) (3)(4)

 

$

(138,406

)

 

$

(256,654

)

 

$

(5,491

)

 

$

(15,169

)

Earnings per share

 

*

 

 

*

 

 

*

 

 

*

 

____________________________________________________________

 

(1)

Includes loss on impairment of oil and natural gas properties of $77,896 and $203,183 for the first and second quarters, respectively.

 

(2)

Includes liability management expense of $5,589 and $3,807 for the first and second quarters, respectively. See “Note 1—Nature of operations and summary of significant accounting policies” for additional information.

 

(3)

Includes expense from writing-off the Senior Note issuance costs, discount and premium for the first quarter. See “Note 8—Debt” for additional information.

 

(4)

Includes reorganization items income (expense) related to the Company’s restructuring under Chapter 11 filing of $(5,355), $(5,504), and $(5,861) for the second, third, and fourth quarters, respectively. See “Note 4—Fresh start accounting” for additional information.

*     Item not disclosed. See “Note 2—Earnings per share.”