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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating Revenues:    
Total operating revenues $ 1,072 $ 592
Operating Costs and Expenses:    
Operating expenses 250 193
General and administrative expenses 38 26
Montage merger-related expenses 1 0
Restructuring charges 6 10
Depreciation, depletion and amortization 96 113
Impairments 0 1,479
Taxes, other than income taxes 24 13
Total operating costs and expense 771 2,082
Operating Income (Loss) 301 (1,490)
Interest Expense:    
Interest on debt 50 40
Other interest charges 3 2
Interest capitalized (22) (23)
Total interest expense 31 19
Gain (Loss) on Derivatives (191) 339
Gain on Early Extinguishment of Debt 0 28
Other Income, Net 1 1
Income (Loss) Before Income Taxes 80 (1,141)
Provision (Benefit) for Income Taxes:    
Current 0 (2)
Deferred 0 408
Total provision (benefit) from income taxes 0 406
Net Income (Loss) $ 80 $ (1,547)
Earnings (Loss) Per Common Share:    
Basic (in dollars per share) $ 0.12 $ (2.86)
Diluted (in dollars per share) $ 0.12 $ (2.86)
Weighted Average Common Shares Outstanding:    
Basic (in shares) 675,385,145 540,308,491
Diluted (in shares) 679,867,825 540,308,491
Gas sales    
Operating Revenues:    
Total operating revenues $ 464 $ 248
Oil sales    
Operating Revenues:    
Total operating revenues 81 52
NGL sales    
Operating Revenues:    
Total operating revenues 173 50
Marketing    
Operating Revenues:    
Total operating revenues 352 239
Other    
Operating Revenues:    
Total operating revenues 2 3
Marketing purchases    
Operating Costs and Expenses:    
Marketing purchases $ 356 $ 248