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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues and other income:        
Revenues and other income $ 684,405,000 $ 382,849,000 $ 1,368,316,000 $ 843,594,000
Derivative fair value (loss) income (249,683,000) (6,303,000) (307,562,000) 226,872,000
Total revenues and other income 434,722,000 376,546,000 1,060,754,000 1,070,466,000
Costs and expenses:        
Production and ad valorem taxes 8,414,000 5,557,000 13,039,000 14,576,000
Brokered natural gas and marketing 69,004,000 38,161,000 141,339,000 70,785,000
Exploration 5,028,000 8,027,000 10,566,000 15,104,000
Abandonment and impairment of unproved properties 2,177,000 5,524,000 5,206,000 10,937,000
General and administrative 40,242,000 38,288,000 78,246,000 80,542,000
Exit and termination costs (15,946,000) 10,297,000 (2,232,000) 11,892,000
Deferred compensation plan 35,462,000 12,587,000 55,273,000 4,050,000
Interest 57,287,000 48,624,000 114,165,000 96,142,000
Loss (gain) on early extinguishment of debt 63,000 (8,991,000) 98,000 (21,914,000)
Depletion, depreciation and amortization 90,629,000 104,626,000 179,012,000 207,612,000
Impairment of proved properties 0 0 0 77,000,000
(Gain) loss on the sale of assets (2,506,000) 426,000 (646,000) (121,673,000)
Total costs and expenses 592,456,000 566,395,000 1,188,648,000 1,065,122,000
(Loss) income before income taxes (157,734,000) (189,849,000) (127,894,000) 5,344,000
Income tax expense (benefit):        
Current 2,569,000 (3,000) 2,737,000 (366,000)
Deferred (3,831,000) (22,263,000) (1,310,000) 7,098,000
Total (benefit) expense for income taxes (1,262,000) (22,266,000) 1,427,000 6,732,000
Net loss $ (156,472,000) $ (167,583,000) $ (129,321,000) $ (1,388,000)
Net loss per common share:        
Basic $ (0.65) $ (0.70) $ (0.53) $ (0.01)
Diluted $ (0.65) $ (0.70) $ (0.53) $ (0.01)
Weighted average common shares outstanding:        
Basic 242,592 239,472 242,377 242,717
Diluted 242,592 239,472 242,377 242,717
Natural Gas, NGLs and Oil Sales        
Revenues and other income:        
Revenues and other income $ 621,855,000 $ 349,258,000 $ 1,225,202,000 $ 781,354,000
Brokered Natural Gas, Marketing and Other        
Revenues and other income:        
Revenues and other income 62,550,000 33,591,000 143,114,000 62,240,000
Direct Operating        
Costs and expenses:        
Costs and expenses 19,758,000 24,394,000 37,408,000 56,429,000
Transportation, Gathering, Processing and Compression        
Costs and expenses:        
Costs and expenses $ 282,844,000 $ 278,875,000 $ 557,174,000 $ 563,640,000