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CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
OPERATING REVENUES        
Natural gas $ 222,963 $ 347,970 $ 807,960 $ 1,218,540
Crude oil and condensate 59,014 82,563 202,804 228,047
Gain (loss) on derivative instruments 17,364 71,906 44,668 69,577
Brokered natural gas 4,010 6,501 12,650 27,794
Other 1,945 3,077 8,277 11,049
TOTAL OPERATING REVENUES 305,296 512,017 1,076,359 1,555,007
OPERATING EXPENSES        
Direct operations 34,818 37,802 106,947 109,241
Transportation and gathering 102,121 85,966 321,652 247,707
Brokered natural gas 3,020 5,680 9,643 24,570
Taxes other than income 11,407 10,933 34,298 36,794
Exploration 4,930 8,812 18,960 19,963
Depreciation, depletion and amortization 144,326 154,013 472,335 458,995
General and administrative 11,102 19,579 53,611 61,342
TOTAL OPERATING EXPENSES 311,724 322,785 1,017,446 958,612
Earnings (loss) on equity method investments 1,648 1,063 4,581 1,819
Gain (loss) on sale of assets 3,756 46 3,814 (2,735)
INCOME (LOSS) FROM OPERATIONS (1,024) 190,341 67,308 595,479
Interest expense 24,510 17,422 72,244 50,312
Income (loss) before income taxes (25,534) 172,919 (4,936) 545,167
Income tax (benefit) expense (10,020) 72,131 (2,169) 218,928
NET INCOME (LOSS) $ (15,514) $ 100,788 $ (2,767) $ 326,239
Earnings (loss) per share        
Basic (in dollars per share) $ (0.04) $ 0.24 $ (0.01) $ 0.78
Diluted (in dollars per share) $ (0.04) $ 0.24 $ (0.01) $ 0.78
Weighted-average common shares outstanding        
Basic (in shares) 413,846 416,173 413,636 416,785
Diluted (in shares) 413,846 418,093 413,636 418,468
Dividends per common share (in dollars per share) $ 0.02 $ 0.02 $ 0.06 $ 0.06