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CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues and other income    
Revenue from sales to customers $ 600,558 $ 629,354
Gain on crude contracts 400,672 0
Gain on sale of assets and other income 2,498 1,192
Total revenues and other income 1,003,728 630,546
Costs and expenses    
Lease operating expenses 209,148 131,696
Severance and ad valorem taxes 9,422 10,097
Transportation, gathering and processing 44,367 39,542
Exploration expenses, including undeveloped lease amortization 20,126 32,538
Selling and general expenses 36,772 63,360
Depreciation, depletion and amortization 306,102 229,406
Accretion of asset retirement obligations 9,966 9,340
Impairment of assets 967,530 0
Other (benefit) expense (45,188) 30,005
Total costs and expenses 1,558,245 545,984
Operating (loss) income from continuing operations (554,517) 84,562
Other income (loss)    
Interest and other income (loss) 241 (4,748)
Interest expense, net (41,097) (46,069)
Total other loss (40,856) (50,817)
(Loss) income from continuing operations before income taxes (595,373) 33,745
Income tax (benefit) expense (91,533) 10,822
(Loss) income from continuing operations (503,840) 22,923
(Loss) income from discontinued operations, net of income taxes (4,862) 49,846
Net (loss) income including noncontrolling interest (508,702) 72,769
Less: Net (loss) income attributable to noncontrolling interest (92,598) 32,587
NET (LOSS) INCOME ATTRIBUTABLE TO MURPHY $ (416,104) $ 40,182
(LOSS) INCOME PER COMMON SHARE – BASIC    
Continuing operations (in USD per share) $ (2.68) $ (0.06)
Discontinued operations (in USD per share) (0.03) 0.29
Net (loss) income (in USD per share) (2.71) 0.23
(LOSS) INCOME PER COMMON SHARE – DILUTED    
Continuing operations (in USD per share) (2.68) (0.06)
Discontinued operations (in USD per share) (0.03) 0.29
Net (loss) income (in USD per share) (2.71) 0.23
Cash dividends per Common share (in USD per share) $ 0.25 $ 0.25
Average Common shares outstanding (thousands)    
Basic (in shares) 153,312,647 173,341,304
Diluted (in shares) 153,312,647 174,491,343