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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
1 Months Ended 3 Months Ended 8 Months Ended 9 Months Ended
Feb. 09, 2021
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2021
Sep. 30, 2022
Revenues and other:          
Natural gas and oil derivatives $ (382) $ (1,029) $ (910) $ (1,604) $ (3,668)
Gains (losses) on sales of assets 5 (2) 3 9 298
Total revenues and other 260 3,162 890 2,463 7,617
Operating expenses:          
Production 32 121 80 194 349
Gathering, processing and transportation 102 286 219 541 802
Severance and ad valorem taxes 18 67 41 106 187
Exploration 2 2 2 4 14
General and administrative 21 40 30 69 102
Separation and other termination costs 22     11 0
Depreciation, depletion and amortization 72 440 228 579 1,300
Impairments 0     1 0
Other operating expense, net (12) 1 3 1 32
Total operating expenses 494 2,157 1,228 2,946 6,065
Income (loss) from operations (234) 1,005 (338) (483) 1,552
Other income (expense):          
Interest expense (11) (52) (17) (47) (120)
Other income 2 4 0 31 29
Reorganization items, net 5,569     0 0
Total other income (expense), net 5,560 (48) (17) (16) (91)
Income (loss) before income taxes 5,326 957 (355) (499) 1,461
Income tax expense (benefit) (57) 74 (10) (10) 105
Net income (loss) attributable to Chesapeake 5,383 883 (345) (489) 1,356
Net income (loss) attributable to Chesapeake $ 5,383 $ 883 $ (345) $ (489) $ 1,356
Earnings (loss) per common share:          
Basic (in dollars per share) $ 550.35 $ 7.29 $ (3.51) $ (4.99) $ 11.03
Diluted (in dollars per share) $ 534.51 $ 6.12 $ (3.51) $ (4.99) $ 9.35
Weighted average common shares outstanding (in thousands):          
Basic (in shares) 9,781 121,150 98,221 98,040 122,924
Diluted (in shares) 10,071 144,390 98,221 98,040 145,031
Natural gas, oil and NGL          
Revenues and other:          
Revenue $ 398 $ 2,987 $ 1,170 $ 2,615 $ 7,691
Marketing          
Revenues and other:          
Revenue 239 1,206 627 1,443 3,296
Operating expenses:          
Expense $ 237 $ 1,200 $ 625 $ 1,440 $ 3,279