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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Operating Revenues:        
Gas sales $ 524,466 $ 415,576 $ 991,910 $ 894,987
Gas marketing 201,358 142,579 372,456 300,252
Oil sales 2,503 3,620 5,230 7,082
Gas gathering 36,839 28,215 71,420 53,588
Other 0 (47) 485 2,151
Total Operating Revenues 765,166 589,943 1,441,501 1,258,060
Operating Costs and Expenses:        
Gas purchases - midstream services 200,052 141,792 370,282 299,460
Operating expenses 55,054 50,943 111,852 87,509
General and administrative expenses 40,238 36,633 77,355 69,577
Depreciation, depletion and amortization 171,620 144,006 335,067 283,023
Taxes, other than income taxes 15,660 10,252 31,752 24,084
Total operating costs and expenses 482,624 383,626 926,308 763,653
Operating Income 282,542 206,317 515,193 494,407
Interest Expense:        
Interest on debt 16,640 14,199 31,684 28,128
Other interest charges 1,001 505 2,512 944
Interest capitalized (11,471) (8,524) (20,590) (16,384)
Total Interest Expense 6,170 [1] 6,180 [1] 13,606 [1] 12,688 [1]
Other income (loss), net 69 (84) 443 (61)
Income before income taxes 276,441 200,053 502,030 481,658
Provision for Income Taxes:        
Current 100 2,700 200 2,700
Deferred 108,887 75,344 197,767 185,181
Total Provision for Income Taxes 108,987 [1] 78,044 [1] 197,967 [1] 187,881 [1]
Net income 167,454 122,009 304,063 293,777
Less: Net Loss Attributable to noncontrolling interest 0 (60) 0 (89)
Net income attributable to Southwestern Energy $ 167,454 $ 122,069 $ 304,063 $ 293,866
Earnings Per Share:        
Net Income Attributable to Southwestern Energy stockholders - Basic $ 0.48 $ 0.35 $ 0.88 $ 0.85
Net income attributable to Southwestern Energy stockholders - Diluted $ 0.48 $ 0.35 $ 0.87 $ 0.84
Weighted Average Common Shares Outstanding:        
Basic 347,132,830 345,288,773 346,984,194 345,194,534
Diluted 349,970,819 349,341,731 349,840,044 349,364,654
[1] (1) Interest income, interest expense and the provision for income taxes by segment are allocated as they are incurred at the corporate level.