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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues and other income:        
Revenues and other income $ 845,816,000   $ 2,361,898,000  
Derivative fair value (loss) income (34,591,000) $ (88,426,000) (151,890,000) $ 188,326,000
Total revenues and other income 811,225,000 482,232,000 2,210,008,000 1,931,998,000
Costs and expenses:        
Production and ad valorem taxes 9,427,000 11,993,000 29,493,000 31,125,000
Brokered natural gas and marketing 116,080,000 59,773,000 274,421,000 169,180,000
Exploration 8,299,000 22,767,000 23,517,000 45,769,000
Abandonment and impairment of unproved properties 6,549,000 42,568,000 73,244,000 52,181,000
General and administrative 43,722,000 53,035,000 159,722,000 152,853,000
Termination costs (336,000) (47,000) (373,000) 4,049,000
Deferred compensation plan 223,000 (9,203,000) (559,000) (36,838,000)
Interest 54,801,000 49,179,000 161,048,000 144,206,000
Depletion, depreciation and amortization 164,266,000 159,749,000 487,558,000 462,074,000
Impairment of proved properties 0 63,679,000 22,614,000 63,679,000
Loss (gain) on the sale of assets 30,000 (102,000) (149,000) (23,509,000)
Total costs and expenses 738,549,000 681,924,000 2,153,772,000 1,721,983,000
Income (loss) before income taxes 72,676,000 (199,692,000) 56,236,000 210,015,000
Income tax expense (benefit):        
Current 0 0 0 0
Deferred 24,137,000 (71,992,000) 38,295,000 98,054,000
Total expense (benefit) for income taxes 24,137,000 (71,992,000) 38,295,000 98,054,000
Net income (loss) $ 48,539,000 $ (127,700,000) $ 17,941,000 $ 111,961,000
Net income (loss) per common share:        
Basic $ 0.19 $ (0.52) $ 0.07 $ 0.45
Diluted 0.19 (0.52) 0.07 0.45
Dividends paid per common share $ 0.02 $ 0.02 $ 0.06 $ 0.06
Weighted average common shares outstanding:        
Basic 246,451 245,244 246,016 245,027
Diluted 247,166 245,244 246,879 245,280
Natural Gas, NGLs and Oil Sales        
Revenues and other income:        
Revenues and other income $ 736,431,000 $ 507,541,000 $ 2,094,450,000 $ 1,573,128,000
Brokered Natural Gas, Marketing and Other        
Revenues and other income:        
Revenues and other income 109,385,000 63,117,000 267,448,000 170,544,000
Direct Operating        
Costs and expenses:        
Costs and expenses 30,926,000 36,888,000 104,136,000 96,331,000
Transportation, Gathering, Processing and Compression        
Costs and expenses:        
Costs and expenses $ 304,562,000 $ 191,645,000 $ 819,100,000 $ 560,883,000