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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Operating Revenues:        
Gas sales $ 645 $ 617 $ 2,155 $ 1,736
Gas marketing 227 201 765 582
Oil sales 6 4 13 12
Gas gathering 50 46 143 134
Total Operating Revenues 928 868 3,076 2,464
Operating Costs and Expenses:        
Gas purchases - midstream services 220 195 752 575
Operating expenses 108 90 309 237
General and administrative expenses 54 51 162 136
Depreciation, depletion and amortization 238 205 693 571
Taxes, other than income taxes 22 18 72 59
Total Operating Costs and Expenses 642 559 1,988 1,578
Operating Income 286 309 1,088 886
Interest Expense:        
Interest on debt 25 25 75 74
Other interest charges 2 1 4 3
Interest capitalized (14) (15) (40) (48)
Total Interest Expense 13 [1] 11 [1] 39 [1] 29 [1]
Other Gain, Net     1  
Gain (Loss) on Derivatives 78 12 (29) 75
Income Before Income Taxes 351 310 1,021 932
Provision (Benefit) for Income Taxes:        
Current 32 (16) 34  
Deferred 108 140 375 373
Total Provision for Income Taxes 140 [1] 124 [1] 409 [1] 373 [1]
Net Income (Loss) $ 211 $ 186 $ 612 $ 559
Earnings Per Share:        
Basic $ 0.60 $ 0.53 $ 1.74 $ 1.60
Diluted $ 0.60 $ 0.53 $ 1.74 $ 1.59
Weighted Average Common Shares Outstanding:        
Basic 351,457,043 350,517,337 351,357,913 350,334,634
Diluted 352,327,250 [2],[3] 351,222,830 [2],[3] 352,334,546 [2],[3] 351,014,974 [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 1,254,842 shares and 27,916 shares of restricted stock were excluded from the calculation for the three months ended September 30, 2014 because they would have had an antidilutive effect. 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.
[3] Options for 1,111,128 shares and 24,215 shares of restricted stock were excluded from the calculation for the nine months ended September 30, 2014 because they would have had an antidilutive effect. 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.