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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues and other income:        
Revenues and other income $ 382,849,000 $ 656,184,000 $ 843,594,000 $ 1,466,052,000
Derivative fair value (loss) income (6,303,000) 195,245,000 226,872,000 133,514,000
Total revenues and other income 376,546,000 851,429,000 1,070,466,000 1,599,566,000
Costs and expenses:        
Production and ad valorem taxes 5,557,000 9,889,000 14,576,000 21,199,000
Brokered natural gas and marketing 38,161,000 101,117,000 70,785,000 233,422,000
Exploration 8,027,000 8,109,000 15,104,000 16,320,000
Abandonment and impairment of unproved properties 5,524,000 12,770,000 10,937,000 25,429,000
General and administrative 38,288,000 50,631,000 80,542,000 97,269,000
Exit and termination costs 10,297,000 2,206,000 11,892,000 2,206,000
Deferred compensation plan 12,587,000 (11,142,000) 4,050,000 (7,561,000)
Interest 48,624,000 51,727,000 96,142,000 103,264,000
Gain on early extinguishment of debt (8,991,000) 0 (21,914,000) 0
Depletion, depreciation and amortization 104,626,000 141,505,000 207,612,000 280,223,000
Impairment of proved properties 0 0 77,000,000 0
Loss (gain) on the sale of assets 426,000 (5,867,000) (121,673,000) (5,678,000)
Total costs and expenses 566,395,000 696,145,000 1,065,122,000 1,437,175,000
(Loss) income before income taxes (189,849,000) 155,284,000 5,344,000 162,391,000
Income tax (benefit) expense:        
Current (3,000) 0 (366,000) 0
Deferred (43,277,000) 40,099,000 7,304,000 45,787,000
Total (benefit) expense for income taxes (43,280,000) 40,099,000 6,938,000 45,787,000
Net (loss) income $ (146,569,000) $ 115,185,000 $ (1,594,000) $ 116,604,000
Net (loss) income per common share:        
Basic $ (0.61) $ 0.46 $ (0.01) $ 0.46
Diluted (0.61) 0.46 (0.01) 0.46
Dividends paid per common share $ 0 $ 0.02 $ 0 $ 0.04
Weighted average common shares outstanding:        
Basic 239,472 247,770 242,717 247,773
Diluted 239,472 248,436 242,717 249,042
Natural Gas, NGLs and Oil Sales        
Revenues and other income:        
Revenues and other income $ 349,258,000 $ 563,579,000 $ 781,354,000 $ 1,235,233,000
Brokered Natural Gas, Marketing and Other        
Revenues and other income:        
Revenues and other income 33,591,000 92,605,000 62,240,000 230,819,000
Direct Operating        
Costs and expenses:        
Costs and expenses 24,394,000 33,981,000 56,429,000 67,208,000
Transportation, Gathering, Processing and Compression        
Costs and expenses:        
Costs and expenses $ 278,875,000 $ 301,219,000 $ 563,640,000 $ 603,874,000