XML 71 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Revenues and other income:    
Natural gas, NGLs and oil sales $ 325,483us-gaap_OilAndGasSalesRevenue $ 572,017us-gaap_OilAndGasSalesRevenue
Derivative fair value income (loss) 122,839us-gaap_DerivativeGainLossOnDerivativeNet (146,850)us-gaap_DerivativeGainLossOnDerivativeNet
Loss on the sale of assets (175)us-gaap_GainLossOnSaleOfOilAndGasProperty (353)us-gaap_GainLossOnSaleOfOilAndGasProperty
Brokered natural gas, marketing and other 14,485us-gaap_BrokeredNaturalGasMarginRevenue 32,528us-gaap_BrokeredNaturalGasMarginRevenue
Total revenues and other income 462,632us-gaap_Revenues 457,342us-gaap_Revenues
Costs and expenses:    
Direct operating 37,137us-gaap_OilAndGasProductionExpense 39,795us-gaap_OilAndGasProductionExpense
Transportation, gathering and compression 89,426us-gaap_GasGatheringTransportationMarketingAndProcessingCosts 74,161us-gaap_GasGatheringTransportationMarketingAndProcessingCosts
Production and ad valorem taxes 9,928us-gaap_ProductionTaxExpense 11,678us-gaap_ProductionTaxExpense
Brokered natural gas and marketing 21,562us-gaap_BrokeredNaturalGasMarginCosts 34,129us-gaap_BrokeredNaturalGasMarginCosts
Exploration 7,886us-gaap_ExplorationExpense 14,846us-gaap_ExplorationExpense
Abandonment and impairment of unproved properties 11,491us-gaap_ExplorationAbandonmentAndImpairmentExpense 9,995us-gaap_ExplorationAbandonmentAndImpairmentExpense
General and administrative 48,329us-gaap_GeneralAndAdministrativeExpense 49,212us-gaap_GeneralAndAdministrativeExpense
Termination costs 5,950us-gaap_RestructuringCharges  
Deferred compensation plan (5,624)us-gaap_DeferredCompensationArrangementWithIndividualCompensationExpense (2,035)us-gaap_DeferredCompensationArrangementWithIndividualCompensationExpense
Interest 39,207us-gaap_InterestExpense 45,401us-gaap_InterestExpense
Depletion, depreciation and amortization 147,290us-gaap_DepreciationDepletionAndAmortization 128,682us-gaap_DepreciationDepletionAndAmortization
Total costs and expenses 412,582us-gaap_CostsAndExpenses 405,864us-gaap_CostsAndExpenses
Income before income taxes 50,050us-gaap_ResultsOfOperationsIncomeBeforeIncomeTaxes 51,478us-gaap_ResultsOfOperationsIncomeBeforeIncomeTaxes
Income tax expense:    
Current   6us-gaap_CurrentIncomeTaxExpenseBenefit
Deferred 22,366us-gaap_DeferredIncomeTaxExpenseBenefit 18,951us-gaap_DeferredIncomeTaxExpenseBenefit
Total income tax expense 22,366us-gaap_IncomeTaxExpenseBenefit 18,957us-gaap_IncomeTaxExpenseBenefit
Net income $ 27,684us-gaap_NetIncomeLoss $ 32,521us-gaap_NetIncomeLoss
Net income per common share:    
Basic $ 0.16us-gaap_EarningsPerShareBasic $ 0.20us-gaap_EarningsPerShareBasic
Diluted $ 0.16us-gaap_EarningsPerShareDiluted $ 0.20us-gaap_EarningsPerShareDiluted
Dividends paid per common share $ 0.04us-gaap_CommonStockDividendsPerShareDeclared $ 0.04us-gaap_CommonStockDividendsPerShareDeclared
Weighted average common shares outstanding:    
Basic 166,039us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 160,794us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted 166,066us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 161,825us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding