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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues and other income:        
Total Revenues from Contracts with Customers $ 1,465,065 $ 684,405 $ 2,584,858 $ 1,368,316
Derivative fair value loss (239,922) (249,683) (1,178,979) (307,562)
Total revenues and other income 1,225,143 434,722 1,405,879 1,060,754
Costs and expenses:        
Production and ad valorem taxes 7,468 8,414 14,058 13,039
Brokered natural gas and marketing 110,109 69,004 203,232 141,339
Exploration 7,506 5,028 12,205 10,566
Abandonment and impairment of unproved properties 7,137 2,177 9,133 5,206
General and administrative 43,493 40,242 86,519 78,246
Exit and termination costs 36,069 (15,946) 47,184 (2,232)
Deferred compensation plan (19,221) 35,462 54,122 55,273
Interest 42,001 57,287 89,176 114,165
Loss on early extinguishment of debt 22 63 69,232 98
Depletion, depreciation and amortization 86,498 90,629 172,102 179,012
Gain on the sale of assets (82) (2,506) (413) (646)
Total costs and expenses 668,957 592,456 1,422,582 1,188,648
Income (loss) before income taxes 556,186 (157,734) (16,703) (127,894)
Income tax expense (benefit):        
Current 9,000 2,569 13,751 2,737
Deferred 94,331 (3,831) (26,501) (1,310)
Total (benefit) expense for income taxes 103,331 (1,262) (12,750) 1,427
Net income (loss) $ 452,855 $ (156,472) $ (3,953) $ (129,321)
Net income (loss) per common share:        
Basic $ 1.81 $ (0.65) $ (0.02) $ (0.53)
Diluted $ 1.77 $ (0.65) $ (0.02) $ (0.53)
Weighted average common shares outstanding:        
Basic 243,492 242,592 244,416 242,377
Diluted 248,650 242,592 244,416 242,377
Natural Gas, NGLs and Oil Sales        
Revenues and other income:        
Total Revenues from Contracts with Customers $ 1,356,892 $ 621,855 $ 2,389,243 $ 1,225,202
Brokered Natural Gas, Marketing and Other        
Revenues and other income:        
Total Revenues from Contracts with Customers 108,173 62,550 195,615 143,114
Direct Operating        
Costs and expenses:        
Costs and expenses 20,050 19,758 40,338 37,408
Transportation, Gathering, Processing and Compression        
Costs and expenses:        
Costs and expenses $ 327,907 $ 282,844 $ 625,694 $ 557,174