The following unaudited information shows selected items by quarter for the years 2014 and 2013:



	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
	(In thousands, except per share amounts)
2014
Operating revenues	$	1,042,853		$	1,094,046		$	1,370,455		$	1,163,204
Operating expenses	939,949			995,112			1,193,690			1,053,582
Operating income	102,904			98,934			176,765			109,622
Income from continuing operations	56,184			52,780			102,118			80,079
Income (loss) from discontinued operations, net of tax	(45		)	547			3			2,672
Net income attributable to the Company	56,662			54,106			103,209			84,256
Earnings per common share - basic:
Earnings before discontinued operations	.30			.28			.53			.42
Discontinued operations, net of tax	—			—			—			.01
Earnings per common share - basic	.30			.28			.53			.43
Earnings per common share - diluted:
Earnings before discontinued operations	.30			.28			.53			.42
Discontinued operations, net of tax	—			—			—			.01
Earnings per common share - diluted	.30			.28			.53			.43
Weighted average common shares outstanding:
Basic	189,820			192,060			193,949			194,136
Diluted	190,432			192,659			194,300			194,219

2013
Operating revenues	$	931,604		$	1,060,595		$	1,285,782		$	1,184,423
Operating expenses	827,073			969,217			1,135,909			1,037,306
Operating income	104,531			91,378			149,873			147,117
Income from continuing operations	56,592			46,392			84,550			91,348
Loss from discontinued operations, net of tax	(77		)	(59		)	(118		)	(58		)
Net income attributable to the Company	56,515			46,512			84,456			91,450
Earnings per common share - basic:
Earnings before discontinued operations	.30			.25			.45			.48
Discontinued operations, net of tax	—			—			—			—
Earnings per common share - basic	.30			.25			.45			.48
Earnings per common share - diluted:
Earnings before discontinued operations	.30			.24			.44			.48
Discontinued operations, net of tax	—			—			—			—
Earnings per common share - diluted	.30			.24			.44			.48
Weighted average common shares outstanding:
Basic	188,831			188,831			188,831			188,929
Diluted	189,222			189,463			189,638			189,766

Notes:


•	First quarter 2014 reflects an unrealized loss on commodity derivatives of $4.3 million (after tax). First quarter 2013 reflects an unrealized loss on commodity derivatives of $3.7 million (after tax).


•	Second quarter 2014 reflects an unrealized loss on commodity derivatives of $3.3 million (after tax). Second quarter 2013 reflects an impairment of coalbed natural gas gathering assets of $9.0 million (after tax) and an unrealized gain on commodity derivatives of $8.2 million (after tax). For more information, see Note 1.


•	Third quarter 2014 reflects an unrealized gain on commodity derivatives of $18.1 million (after tax). Third quarter 2013 reflects an unrealized loss on commodity derivatives of $7.9 million (after tax).

•

Fourth quarter 2014 reflects a MEPP withdrawal liability of $8.4 million (after tax) and an unrealized gain on commodity derivatives of $4.1 million (after tax). Fourth quarter 2013 reflects a net benefit of $1.5 million (after tax) related to natural gas gathering operations litigation and an unrealized loss on commodity derivatives of $500,000 (after tax). For more information, see Notes 16 and 19.