Quarterly Financial Data (Tables)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Information

Summarized quarterly data for the years ended December 31, 2016 and 2015 consist of the following (in thousands, except per share amounts):

	Year Ended December 31, 2016
	Q1			Q2			Q3			Q4
Revenues	$	377,812		$	413,793		$	510,305		$	563,136
Operating income (loss)	(19,719		)	(3,313		)	(21,784		)	28,325
Net income (loss)	(18,673		)	(13,088		)	(27,761		)	13,687
Net income (loss) per share
Basic	$	(0.46	)	$	(0.32	)	$	(0.67	)	$	0.30
Diluted	$	(0.46	)	$	(0.32	)	$	(0.67	)	$	0.30

	Year Ended December 31, 2015
	Q1		Q2		Q3		Q4
Revenues	$	543,611	$	583,759	$	495,503	$	443,464
Operating income (loss)	17,857		27,460		26,274		(10,077		)
Net income (loss)	462		11,723		14,740		(66,836		)	(1)
Net income (loss) per share
Basic	$	0.01	$	0.31	$	0.39	$	(1.72	)
Diluted	$	0.01	$	0.31	$	0.39	$	(1.72	)

________________________________________________________ 

(1) During the fourth quarter of 2015, we recognized an impairment of $41.1 million on our equity investment in Laramie Energy. Please read Note 3—Investment in Laramie Energy, LLC.