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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Operating Revenues:        
Gas sales $ 471 $ 251 $ 974 $ 566
Oil sales 23 20 46 31
NGL sales 37 20 77 37
Marketing 250 196 503 394
Gas gathering 30 35 57 73
Total Operating Revenues 811 522 1,657 1,101
Operating Costs and Expenses:        
Marketing purchases 253 197 504 393
Operating expenses 164 151 311 316
General and administrative expenses 58 56 108 110
Restructuring charges   11   75
Depreciation, depletion and amortization 123 107 229 250
Impairment of natural gas and oil properties   470   1,504
Taxes, other than income taxes 25 22 51 45
Total Operating Costs and Expenses 623 1,014 1,203 2,693
Operating Income (Loss) 188 (492) 454 (1,592)
Interest Expense:        
Interest on debt 59 56 117 109
Other interest charges 3 2 5 4
Interest capitalized (28) (41) (56) (82)
Total Interest Expense 34 17 66 31
Gain (Loss) on Derivatives 134 (85) 250 (99)
Loss on Early Extinguishment of Debt (10)   (11)  
Other Income (Loss), Net 6   8 (3)
Income (Loss) Before Income Taxes 284 (594) 635 (1,725)
Benefit for Income Taxes:        
Deferred   (1)    
Net Income (Loss) 284 (593) 635 (1,725)
Mandatory convertible preferred stock dividend 27 27 54 54
Participating securities - mandatory convertible preferred stock 33   76  
Net Income (Loss) Attributable to Common Stock $ 224 $ (620) $ 505 $ (1,779)
Earnings (Loss) Per Common Share:        
Basic $ 0.45 $ (1.61) $ 1.02 $ (4.63)
Diluted $ 0.45 $ (1.61) $ 1.02 $ (4.63)
Weighted Average Common Shares Outstanding:        
Basic 496,419,815 385,594,815 494,753,391 384,232,831
Diluted 498,224,599 385,594,815 496,627,843 384,232,831