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CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
OPERATING REVENUES    
Operating revenues $ 633,424 $ 467,650
Gain on derivative instruments 8,257 5,577
TOTAL OPERATING REVENUES 641,681 473,227
OPERATING EXPENSES    
Direct operations 18,334 20,070
Taxes other than income 5,847 7,190
Exploration 6,044 3,617
Depreciation, depletion and amortization 92,258 82,128
General and administrative 31,090 24,060
TOTAL OPERATING EXPENSES 290,906 254,140
Earnings (loss) on equity method investments 3,684 (994)
Loss on sale of assets (1,500) (41,049)
INCOME FROM OPERATIONS 352,959 177,044
Interest expense, net 12,181 20,058
Other expense 144 114
Income before income taxes 340,634 156,872
Income tax expense 77,871 39,641
NET INCOME $ 262,763 $ 117,231
Earnings per share    
Basic (in dollars per share) $ 0.62 $ 0.26
Diluted (in dollars per share) $ 0.62 $ 0.25
Weighted-average common shares outstanding    
Basic (in shares) 423,116 459,715
Diluted (in shares) 425,189 461,549
Dividends per common share (in dollars per share) $ 0.07 $ 0.06
Natural gas    
OPERATING REVENUES    
Operating revenues $ 633,174 $ 412,108
Crude oil and condensate    
OPERATING REVENUES    
Operating revenues 0 48,722
Brokered natural gas    
OPERATING REVENUES    
Operating revenues 0 4,950
OPERATING EXPENSES    
Operating expenses 0 4,950
Other    
OPERATING REVENUES    
Operating revenues 250 1,870
Transportation and gathering    
OPERATING EXPENSES    
Operating expenses $ 137,333 $ 112,125