XML 11 R4.htm IDEA: XBRL DOCUMENT v3.24.3
CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues and other income:        
Total Revenues from Contracts with Customers $ 567,909 $ 571,330 $ 1,679,915 $ 1,902,966
Derivative fair value income 47,124 38,394 110,530 530,095
Total revenues and other income 615,033 609,724 1,790,445 2,433,061
Costs and expenses:        
Taxes other than income 5,117 4,756 15,459 19,643
Brokered natural gas and marketing 32,588 46,206 98,287 158,074
Exploration 7,334 6,970 18,511 19,022
Abandonment and impairment of unproved properties 4,723 11,012 8,618 44,308
General and administrative 41,526 38,093 125,608 120,765
Exit costs 7,649 10,684 28,058 71,661
Deferred compensation plan (1,930) 8,997 5,715 29,546
Interest 29,301 30,599 89,490 93,918
Gain on early extinguishment of debt (11) 0 (254) (439)
Depletion, depreciation and amortization 91,137 87,619 265,872 259,197
Gain on the sale of assets (69) (109) (222) (353)
Total costs and expenses 548,804 544,596 1,603,864 1,719,664
Income before income taxes 66,229 65,128 186,581 713,397
Income tax expense:        
Current 1,282 601 5,263 3,000
Deferred 14,291 15,097 9,820 149,289
Income tax expense 15,573 15,698 15,083 152,289
Net income $ 50,656 $ 49,430 $ 171,498 $ 561,108
Net income per common share:        
Basic $ 0.21 $ 0.2 $ 0.71 $ 2.3
Diluted 0.21 0.2 0.7 2.27
Dividends declared per share $ 0.08 $ 0.08 $ 0.24 $ 0.24
Weighted average common shares outstanding:        
Basic 240,865 241,338 240,832 239,455
Diluted 242,623 243,937 242,802 242,144
Natural Gas, NGLs and Oil Sales        
Revenues and other income:        
Total Revenues from Contracts with Customers $ 533,277 $ 526,718 $ 1,578,728 $ 1,731,382
Brokered Natural Gas, Marketing and Other        
Revenues and other income:        
Total Revenues from Contracts with Customers 34,632 44,612 101,187 171,584
Direct Operating        
Costs and expenses:        
Costs and expenses 25,285 22,562 70,198 73,442
Transportation, Gathering, Processing and Compression        
Costs and expenses:        
Costs and expenses $ 306,154 $ 277,207 $ 878,524 $ 830,880