XML 19 R4.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
OPERATING REVENUES      
Natural gas $ 1,022,590 $ 1,025,044 $ 1,590,625
Crude oil and condensate 151,106 248,211 313,889
Gain (loss) on derivative instruments (38,950) 56,686 219,319
Brokered natural gas 13,569 16,383 34,416
Other 7,362 10,826 14,762
TOTAL OPERATING REVENUES 1,155,677 1,357,150 2,173,011
OPERATING EXPENSES      
Direct operations 100,696 140,814 145,529
Transportation and gathering 436,542 427,588 349,321
Brokered natural gas 10,785 12,592 30,030
Taxes other than income 29,223 42,809 47,012
Exploration 27,662 27,460 28,746
Depreciation, depletion and amortization 590,128 622,211 632,760
Impairment of oil and gas properties and other assets 435,619 114,875 771,037
General and administrative 87,242 69,444 82,590
TOTAL OPERATING EXPENSES 1,717,897 1,457,793 2,087,025
Earnings (loss) on equity method investments (2,477) 6,415 3,080
Gain (loss) on sale of assets (1,857) 3,866 17,120
INCOME (LOSS) FROM OPERATIONS (566,554) (90,362) 106,186
Loss on debt extinguishment 4,709 0 0
Interest expense 88,336 96,911 73,785
Income (loss) before income taxes (659,599) (187,273) 32,401
Income tax benefit (242,475) (73,382) (72,067)
NET INCOME (LOSS) $ (417,124) $ (113,891) $ 104,468
Earnings (loss) per share      
Basic (in dollars per share) $ (0.91) $ (0.28) $ 0.25
Diluted (in dollars per share) $ (0.91) $ (0.28) $ 0.25
Weighted-average common shares outstanding      
Basic (in shares) 456,847 413,696 415,840
Diluted (in shares) 456,847 413,696 417,601
Dividends per common share (in dollars per share) $ 0.0792105667127805 $ 0.08 $ 0.08