Equity (Tables)

9 Months Ended

Sep. 30, 2020

Equity [Abstract]

Summary of changes in common shares issued

A summary of the changes in our common shares issued is detailed below.

	Three Months Ended September 30,		Nine Months Ended September 30,
	2020	2019	2020	2019
	(in thousands)
Beginning balance(a)	9,780	8,172	9,773	4,568
Common shares issued for WildHorse Merger(a)	—	—	—	3,587
Exchange of convertible notes(a)(b)	—	367	—	367
Exchange of senior notes(a)(b)	—	1,178	—	1,178
Exchange of preferred stock(a)(c)	—	52	—	52
Restricted stock issuances (net of forfeitures and cancellations)(a)(d)	—	2	7	19
Ending balance(a)	9,780	9,771	9,780	9,771

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(a) All share information has been retroactively adjusted to reflect a 1-for-200 (1:200) reverse stock split effective April 14, 2020. See below for additional information.

(b) See Note 4 for a discussion of debt exchanges.

(c) In the Prior Quarter, we exchanged 51,839 shares of common stock for 40,000 shares of our 5.75% (Series A) Cumulative Convertible Preferred Stock. In connection with the exchange, we recognized a loss equal to the excess of the fair value of all common stock issued in exchange for the preferred stock over the fair value of the common stock issuable pursuant to the original terms of the preferred stock. The loss of $17 million is reflected as a reduction to net income available to common stockholders for the purpose of calculating earnings per common share.

(d)

See Note 10 for a discussion of restricted stock.