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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Operating Revenues:        
Gas sales $ 717 $ 614 $ 1,510 $ 1,119
Gas marketing 266 201 538 381
Oil sales 5 3 7 8
Gas gathering 47 44 93 87
Total Operating Revenues 1,035 862 2,148 1,595
Operating Costs and Expenses:        
Gas purchases - midstream services 261 200 532 380
Operating expenses 101 82 201 146
General and administrative expenses 52 48 108 85
Depreciation, depletion and amortization 230 187 455 366
Taxes, other than income taxes 24 20 50 41
Total Operating Costs and Expenses 668 537 1,346 1,018
Operating Income 367 325 802 577
Interest Expense:        
Interest on debt 25 25 50 49
Other interest charges   1 1 3
Interest capitalized (13) (17) (26) (33)
Total Interest Expense 12 [1] 9 [1] 25 [1] 19 [1]
Other Gain, Net   1 1  
Gain (Loss) on Derivatives (8) 93 (108) 64
Income Before Income Taxes 347 410 670 622
Provision for Income Taxes:        
Current 3 16 2 16
Deferred 137 148 267 233
Total Provision for Income Taxes 140 [1] 164 [1] 269 [1] 249 [1]
Net Income $ 207 $ 246 $ 401 $ 373
Earnings Per Share:        
Basic $ 0.59 $ 0.70 $ 1.14 $ 1.07
Diluted $ 0.59 $ 0.70 $ 1.14 $ 1.06
Weighted Average Common Shares Outstanding:        
Basic 351,391,582 350,448,806 351,307,527 350,241,768
Diluted 352,579,522 [2],[3] 351,082,807 [2],[3] 352,306,268 [2],[3] 350,911,892 [2],[3]
[1] Interest expense and the provision for income taxes by segment are allocated as they are incurred at the corporate level.
[2] Options for 654,189 shares and 19,045 shares of restricted stock were excluded from the calculation for the three months ended June 30, 2014 because they would have had an antidilutive effect. Options for 1,599,246 shares and 29,251 shares of restricted stock were excluded from the calculation for the three months ended June 30, 2013 because they would have had an antidilutive effect.
[3] Options for 1,026,958 shares and 22,952 shares of restricted stock were excluded from the calculation for the six months ended June 30, 2014 because they would have had an antidilutive effect. Options for 2,079,849 shares and 246,347 shares of restricted stock were excluded from the calculation for the six months ended June 30, 2013 because they would have had an antidilutive effect.