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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating Revenues:    
Gas sales $ 540 $ 503
Oil sales 35 23
NGL sales 65 40
Marketing 253 253
Gas gathering 24 27
Other 3  
Total Operating Revenues 920 846
Operating Costs and Expenses:    
Marketing purchases 255 251
Operating expenses 189 147
General and administrative expenses 55 50
Depreciation, depletion and amortization 143 106
Taxes, other than income taxes 23 26
Total Operating Costs and Expenses 665 580
Operating Income 255 266
Interest Expense:    
Interest on debt 65 58
Other interest charges 2 2
Interest capitalized (28) (28)
Total Interest Expense 39 32
Gain (Loss) on Derivatives (7) 116
Other Income (Loss), Net (1) 1
Income Before Income Taxes 208 351
Provision (Benefit) for Income Taxes:    
Current
Deferred
Total Provision (Benefit) for Income Taxes
Net Income 208 [1] 351
Mandatory convertible preferred stock dividend   27
Participating securities - mandatory convertible preferred stock 3 43
Net Income Attributable to Common Stock $ 205 $ 281
Earnings Per Common Share:    
Basic $ 0.36 $ 0.57
Diluted $ 0.36 $ 0.57
Weighted Average Common Shares Outstanding:    
Basic 571,297,804 493,068,000
Diluted 573,844,459 494,494,995
[1] In 2018, deferred tax activity incurred in other comprehensive income was offset by a valuation allowance.