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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues and other income:        
Natural gas, NGLs and oil sales $ 661,390,000 $ 506,137,000 $ 1,358,019,000 $ 1,065,587,000
Derivative fair value (loss) income (103,290,000) 111,195,000 (117,299,000) 276,752,000
Brokered natural gas, marketing and other 98,084,000 55,779,000 158,063,000 107,427,000
Total revenues and other income 656,184,000 673,111,000 1,398,783,000 1,449,766,000
Costs and expenses:        
Direct operating 35,088,000 31,420,000 73,210,000 59,443,000
Transportation, gathering, processing and compression 269,910,000 191,590,000 514,538,000 369,238,000
Production and ad valorem taxes 10,140,000 9,969,000 20,066,000 19,132,000
Brokered natural gas and marketing 102,747,000 55,857,000 158,341,000 109,407,000
Exploration 7,499,000 14,498,000 15,218,000 23,002,000
Abandonment and impairment of unproved properties 54,922,000 5,193,000 66,695,000 9,613,000
General and administrative 47,583,000 52,322,000 116,000,000 99,818,000
Termination costs 0 (96,000) (37,000) 4,096,000
Deferred compensation plan 6,615,000 (14,466,000) (782,000) (27,635,000)
Interest 53,862,000 47,926,000 106,247,000 95,027,000
Depletion, depreciation and amortization 161,026,000 152,504,000 323,292,000 302,325,000
Impairment of proved properties 15,302,000 0 22,614,000 0
Gain on the sale of assets (156,000) (807,000) (179,000) (23,407,000)
Total costs and expenses 764,538,000 545,910,000 1,415,223,000 1,040,059,000
(Loss) income before income taxes (108,354,000) 127,201,000 (16,440,000) 409,707,000
Income tax (benefit) expense:        
Current 0 0 0 0
Deferred (28,518,000) 57,651,000 14,158,000 170,046,000
Total (benefit) expense for income taxes (28,518,000) 57,651,000 14,158,000 170,046,000
Net (loss) income $ (79,836,000) $ 69,550,000 $ (30,598,000) $ 239,661,000
Net (loss) income per common share:        
Basic $ (0.32) $ 0.28 $ (0.13) $ 0.97
Diluted (0.32) 0.28 (0.13) 0.97
Dividends paid per common share $ 0.02 $ 0.02 $ 0.04 $ 0.04
Weighted average common shares outstanding:        
Basic 245,880 245,177 245,795 244,916
Diluted 245,880 245,335 245,795 245,242