
	Successor
	First		Second		Third		Fourth
	Quarter		Quarter		Quarter		Quarter
2019
Revenues	$	43,846	$	30,587	$	23,249	$	16,138
Gross profit (1)		18,054		7,068		1,746		2,518
Net loss (2)		(35,775)		(60,907)		(19,529)		(22,104)
Net loss per share:
Basic	$	(3.56)	$	(6.05)	$	(1.93)	$	(2.17)
Diluted	$	(3.56)	$	(6.05)	$	(1.93)	$	(2.17)


	Predecessor				Successor
			Two Months		One Month
	First		Ended		Ended		Third		Fourth
	Quarter		May 31, 2018		June 30, 2018		Quarter		Quarter
2018
Revenues (3)	$	67,942	$	43,089	$	21,720	$	68,966	$	47,914
Gross profit (1)		36,558		23,201		11,246		37,319		18,427
Net income (loss) (4)		(15,449)		(595,076)		(538)		(9,760)		34,267
Net income (loss) per share/unit:
Basic	$	(0.31)	$	(11.81)	$	(0.05)	$	(0.97)	$	3.41
Diluted	$	(0.31)	$	(11.81)	$	(0.05)	$	(0.97)	$	3.41

(1)Represents total revenues less lease operating expenses, cost of purchased natural gas and production taxes.

(2)Includes impairment charges of $129.1 million, primarily in the second quarter of 2019 related to oil and natural gas properties that were written down to their fair value as determined based on the expected present value of future net cash flows. Of the $129.1 million, $78.1 million is related to properties located in the Barnett Shale, which were sold or held for sale as of December 31, 2019, $25.4 million is related to properties located in the San Juan Basin, which were sold during 2019, $8.0 million is related to properties located in the Permian Basin, which were sold or held for sale as of December 31, 2019, $6.7 million is related to properties located in the Mid-Continent area, which were sold during 2019, $2.1 million is related to properties in the Monroe Field, which were sold during 2019 and $8.8 million is related to properties in Michigan.

(3)Includes a royalty adjustment of $5.0 million during the fourth quarter of 2018. Excluding this royalty adjustment, revenues would have been $52.9 million for the fourth quarter of 2018. See Note 14 for additional information.

(4)Includes significant costs associated with the reorganization. Reorganization items, net represent costs and gains directly associated with the Chapter 11 proceedings since the Petition Date, such as the gain on settlement of liabilities subject to compromise, fresh start valuation adjustments, issuance of common stock and warrants and settlement with Predecessor common unitholders. The Predecessor incurred $587.3 million of reorganization items, net during the five months ended May 31, 2018. See Note 2 and Note 3.