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CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
OPERATING REVENUES        
Operating revenues $ 641,678 $ 333,294 $ 1,526,384 $ 992,063
(Loss) gain on derivative instruments (201,282) (42,253) (301,641) 17,783
TOTAL OPERATING REVENUES 440,396 291,041 1,224,743 1,009,846
OPERATING EXPENSES        
Direct operations 21,354 20,197 54,384 54,864
Transportation and gathering 148,794 146,982 418,984 425,563
Taxes other than income 8,207 3,615 17,195 10,705
Exploration 3,998 3,900 8,993 10,669
Depreciation, depletion and amortization 97,289 99,649 282,986 294,406
General and administrative 65,098 24,262 117,290 80,857
TOTAL OPERATING EXPENSES 344,740 298,605 899,832 877,064
Loss on equity method investments 0 0 0 (59)
Gain (loss) on sale of assets 184 31 275 (139)
INCOME (LOSS) FROM OPERATIONS 95,840 (7,533) 325,186 132,584
Interest expense, net 12,577 14,389 37,512 43,143
Other expense 47 57 139 171
Income (loss) before income taxes 83,216 (21,979) 287,535 89,270
Income tax expense (benefit) 20,502 (7,018) 68,003 19,947
NET INCOME (LOSS) $ 62,714 $ (14,961) $ 219,532 $ 69,323
Earnings (loss) per share        
Basic (in dollars per share) $ 0.16 $ (0.04) $ 0.55 $ 0.17
Diluted (in dollars per share) $ 0.16 $ (0.04) $ 0.55 $ 0.17
Weighted-average common shares outstanding        
Basic (in shares) 399,664 398,580 399,459 398,500
Diluted (in shares) 402,738 398,580 401,923 400,628
Natural gas        
OPERATING REVENUES        
Operating revenues $ 641,625 $ 333,256 $ 1,526,202 $ 991,882
Other        
OPERATING REVENUES        
Operating revenues $ 53 $ 38 $ 182 $ 181