XML 20 R4.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
OPERATING REVENUES      
Total revenues from contracts with customers $ 1,405,220 $ 1,985,469 $ 2,143,716
Gain on derivative instruments 61,404 80,808 44,432
Total operating revenues 1,466,624 2,066,277 2,188,148
OPERATING EXPENSES      
Direct operations 73,403 76,958 69,646
Taxes other than income 14,380 17,053 22,642
Exploration 15,419 20,270 113,820
Depreciation, depletion and amortization 390,903 405,733 417,479
General and administrative 105,391 94,870 96,641
TOTAL OPERATING EXPENSES 1,170,598 1,189,561 1,401,157
(Loss) earnings on equity method investments (59) 80,496 1,137
(Loss) gain on sale of assets (491) (1,462) (16,327)
INCOME FROM OPERATIONS 295,476 955,750 771,801
Interest expense, net 54,124 54,952 73,201
Other expense 229 574 463
Income before income taxes 241,123 900,224 698,137
Income tax expense 40,594 219,154 141,094
NET INCOME $ 200,529 $ 681,070 $ 557,043
Earnings per share      
Basic (in dollars per share) $ 0.50 $ 1.64 $ 1.25
Diluted (in dollars per share) $ 0.50 $ 1.63 $ 1.24
Weighted-average common shares outstanding      
Basic (in shares) 398,521 415,514 445,538
Diluted (in shares) 400,522 417,451 447,568
Natural gas      
OPERATING REVENUES      
Total revenues from contracts with customers $ 1,404,989 $ 1,985,240 $ 1,881,150
Crude oil and condensate      
OPERATING REVENUES      
Total revenues from contracts with customers 0 0 48,722
Brokered natural gas      
OPERATING REVENUES      
Total revenues from contracts with customers 0 0 209,530
OPERATING EXPENSES      
Operating expenses 0 0 184,198
Other      
OPERATING REVENUES      
Total revenues from contracts with customers 231 229 4,314
Transportation and gathering      
OPERATING EXPENSES      
Operating expenses $ 571,102 $ 574,677 $ 496,731