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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Operating Revenues:        
Gas sales $ 617,427 $ 497,219 $ 1,736,101 $ 1,394,745
Gas marketing 201,112 148,764 581,932 423,503
Oil sales 4,397 1,889 12,431 6,097
Gas gathering 45,430 43,855 133,592 128,293
Total Operating Revenues 868,366 691,727 2,464,056 1,952,638
Operating Costs and Expenses:        
Gas purchases - midstream services 195,271 149,651 575,337 423,941
Operating expenses 90,269 61,906 236,648 179,478
General and administrative expenses 50,969 36,121 135,754 129,879
Depreciation, depletion and amortization 204,934 203,935 571,268 605,392
Impairment of natural gas and oil properties   289,821   1,090,473 [1]
Taxes, other than income taxes 17,694 16,252 58,543 51,154
Total operating costs and expenses 559,137 757,686 1,577,550 2,480,317
Operating Income (loss) 309,229 (65,959) 886,506 (527,679) [2]
Interest Expense:        
Interest on debt 25,435 25,463 74,581 69,154
Other interest charges 1,049 1,058 3,203 3,096
Interest capitalized (15,466) (15,915) (48,467) (45,945)
Total Interest Expense 11,018 10,606 29,317 [1] 26,305 [1]
Other Gain (Loss), Net (319) 238 [2] (498) [1] 2,615 [1]
Gain (Loss) on Derivatives 12,124 [1] (5,879) [1] 75,779 (10,593)
Income (Loss) before income taxes 310,016 (82,206) 932,470 (561,962)
Provision for Income Taxes:        
Current (16,068) 101 402 369
Deferred 140,217 (28,254) 373,055 (210,850)
Total provision for income taxes 124,149 [1] (28,153) [1] 373,457 [1] (210,481) [1]
Net Income (Loss) $ 185,867 $ (54,053) $ 559,013 $ (351,481)
Earnings (Loss) Per Share:        
Basic $ 0.53 $ (0.16) $ 1.60 $ (1.01)
Diluted $ 0.53 $ (0.16) $ 1.59 $ (1.01)
Weighted Average Common Shares Outstanding:        
Basic 350,517,337 348,649,630 350,334,634 348,272,192
Diluted 351,222,830 [3] 348,649,630 [3] 351,014,974 [3] 348,272,192 [3]
[1] Interest expense and the provision for income taxes by segment are allocated as they are incurred at the corporate level.
[2] The operating loss for the E&P segment for the three and nine months ended September 30, 2012 includes a $289.8 million and $1,090.5 million non-cash ceiling test impairment of our natural gas and oil properties respectively.
[3] Options for 1,550,838 shares and 15,703 shares of restricted stock were excluded from the calculation for the three months ended September 30, 2013 because they would have had an antidilutive effect. Due to the net loss for the three months ended September 30, 2012, options for 1,664,232 shares and 560,848 shares of restricted stock were antidilutive and excluded from the calculation. Options for 1,848,566 shares and 169,261 shares of restricted stock were excluded from the calculation for the nine months ended September 30, 2013 because they would have had an antidilutive effect. Due to the net loss for the nine months ended September 30, 2012, options for 1,685,398 shares and 580,227 shares of restricted stock were antidilutive and excluded from the calculation.