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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
1 Months Ended 11 Months Ended 12 Months Ended
Feb. 09, 2021
Dec. 31, 2021
Dec. 31, 2023
Dec. 31, 2022
Revenues and other:        
Natural gas and oil derivatives $ (382) $ (1,127) $ 1,728 $ (2,680)
Gains on sales of assets 5 12 946 300
Total revenues and other 260 5,549 8,721 11,743
Operating expenses:        
Production 32 297 356 475
Gathering, processing and transportation 102 780 853 1,059
Severance and ad valorem taxes 18 158 167 242
Exploration 2 7 27 23
General and administrative 21 97 127 142
Separation and other termination costs 22 11 5 5
Depreciation, depletion and amortization 72 919 1,527 1,753
Impairments 0 1 0 0
Other operating expense (income), net (12) 84 18 49
Total operating expenses 494 4,611 5,579 7,963
Income (loss) from operations (234) 938 3,142 3,780
Other income (expense):        
Interest expense (11) (73) (104) (160)
Losses on purchases, exchanges or extinguishments of debt 0 0 0 (5)
Other income 2 31 79 36
Reorganization items, net 5,569 0 0 0
Total other income (expense) 5,560 (42) (25) (129)
Income before income taxes 5,326 896 3,117 3,651
Income tax expense (benefit) (57) (49) 698 (1,285)
Net income 5,383 945 2,419 4,936
Deemed dividend on warrants 0 0 0 (67)
Net income available to common stockholders, Basic 5,383 945 2,419 4,869
Net income available to common stockholders, Diluted $ 5,383 $ 945 $ 2,419 $ 4,869
Earnings per common share:        
Basic (in dollars per share) $ 550.35 $ 9.29 $ 18.21 $ 38.71
Diluted (in dollars per share) $ 534.51 $ 8.12 $ 16.92 $ 33.36
Weighted average common shares outstanding (in thousands):        
Basic (in shares) 9,781 101,754 132,840 125,785
Diluted (in shares) 10,071 116,341 142,976 145,961
Natural gas, oil and NGL        
Revenues and other:        
Revenues $ 398 $ 4,401 $ 3,547 $ 9,892
Marketing        
Revenues and other:        
Revenues 239 2,263 2,500 4,231
Operating expenses:        
Marketing $ 237 $ 2,257 $ 2,499 $ 4,215