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CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
OPERATING REVENUES        
Operating revenues $ 411,788 $ 288,374 $ 884,706 $ 658,769
(Loss) gain on derivative instruments (87,121) 43,974 (100,358) 60,036
TOTAL OPERATING REVENUES 324,667 332,348 784,348 718,805
OPERATING EXPENSES        
Direct operations 16,154 17,423 33,030 34,667
Transportation and gathering 133,488 135,249 270,190 278,581
Taxes other than income 4,183 3,352 8,988 7,090
Exploration 2,368 4,579 4,995 6,769
Depreciation, depletion and amortization 91,549 94,622 185,697 194,757
General and administrative 23,037 23,166 52,193 56,595
TOTAL OPERATING EXPENSES 270,779 278,391 555,093 578,459
Loss on equity method investments 0 0 0 (59)
Gain (loss) on sale of assets 20 (241) 91 (170)
INCOME FROM OPERATIONS 53,908 53,716 229,346 140,117
Interest expense, net 12,558 14,543 24,935 28,754
Other expense 46 48 92 114
Income before income taxes 41,304 39,125 204,319 111,249
Income tax expense 10,840 8,751 47,501 26,965
NET INCOME $ 30,464 $ 30,374 $ 156,818 $ 84,284
Earnings per share        
Basic (in dollars per share) $ 0.08 $ 0.08 $ 0.39 $ 0.21
Diluted (in dollars per share) $ 0.08 $ 0.08 $ 0.39 $ 0.21
Weighted-average common shares outstanding        
Basic (in shares) 399,586 398,576 399,355 398,460
Diluted (in shares) 402,206 401,279 401,740 400,219
Natural gas        
OPERATING REVENUES        
Operating revenues $ 411,718 $ 288,286 $ 884,577 $ 658,626
Other        
OPERATING REVENUES        
Operating revenues $ 70 $ 88 $ 129 $ 143