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CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
OPERATING REVENUES        
Natural gas $ 323,319 $ 260,200 $ 1,152,089 $ 711,010
Crude oil and condensate 56,913 37,777 144,528 114,610
Gain (loss) on derivative instruments (836) 6,904 46,353 (1,286)
Brokered natural gas 3,528 3,641 12,260 9,417
Other 2,492 1,907 8,486 5,435
TOTAL OPERATING REVENUES 385,416 310,429 1,363,716 839,186
OPERATING EXPENSES        
Direct operations 26,282 24,626 78,185 77,139
Transportation and gathering 117,891 105,671 361,909 322,883
Brokered natural gas 2,797 2,939 10,262 7,526
Taxes other than income 9,194 8,771 26,562 23,737
Exploration 6,466 2,988 16,623 13,109
Depreciation, depletion and amortization 146,267 139,490 425,689 448,910
Impairment of oil and gas properties 0 0 68,555 0
General and administrative 23,244 19,374 70,902 67,192
TOTAL OPERATING EXPENSES 332,141 303,859 1,058,687 960,496
Earnings (loss) on equity method investments (1,417) (1,727) (3,986) 208
Loss on sale of assets (11,872) (1,245) (13,498) (768)
INCOME (LOSS) FROM OPERATIONS 39,986 3,598 287,545 (121,870)
Interest expense, net 20,331 21,483 61,720 67,821
Loss on debt extinguishment 0 0 0 4,709
Other expense (income) (5,083) 402 (4,974) 1,207
Income (loss) before income taxes 24,738 (18,287) 230,799 (195,607)
Income tax expense (benefit) 7,151 (8,027) 85,965 (71,243)
NET INCOME (LOSS) $ 17,587 $ (10,260) $ 144,834 $ (124,364)
Earnings (loss) per share        
Basic (in dollars per share) $ 0.04 $ (0.02) $ 0.31 $ (0.27)
Diluted (in dollars per share) $ 0.04 $ (0.02) $ 0.31 $ (0.27)
Weighted-average common shares outstanding        
Basic (in shares) 462,498 465,149 464,194 454,060
Diluted (in shares) 464,780 465,149 466,010 454,060
Dividends per common share (in dollars per share) $ 0.05 $ 0.02 $ 0.12 $ 0.06