v3.22.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
REVENUES:    
Net loss on natural gas, oil and NGL derivatives $ (788,551) $ (29,978)
Total Revenues (307,816) 247,358
OPERATING EXPENSES:    
Lease operating expenses 17,644 12,653
Taxes other than income 12,468 8,704
Transportation, gathering, processing and compression 84,792 105,867
Depreciation, depletion and amortization 62,284 41,147
Impairment of other property and equipment 0 14,568
General and administrative expenses 7,105 12,757
Accretion expense 692 805
Total Operating Expenses 184,985 196,501
(LOSS) INCOME FROM OPERATIONS (492,801) 50,857
OTHER (INCOME) EXPENSE:    
Interest expense 13,984 3,261
Loss from equity method investments, net 0 342
Reorganization items, net 0 38,721
Other, net (14,810) (247)
Total Other (Income) Expense (826) 42,077
(LOSS) INCOME BEFORE INCOME TAXES (491,975) 8,780
Income tax expense 0 0
NET (LOSS) INCOME (491,975) 8,780
Dividends on preferred stock (1,447) 0
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (493,422) $ 8,780
NET (LOSS) INCOME PER COMMON SHARE:    
Basic (in usd per share) $ (23.23) $ 0.05
Diluted (in usd per share) $ (23.23) $ 0.05
Weighted average common shares outstanding - Basic (in shares) 21,242,000 160,813,000
Weighted average common shares outstanding - Diluted (in shares) 21,242,000 160,813,000
Natural gas sales    
REVENUES:    
Revenue from contract with customer $ 405,212 $ 235,321
Oil and condensate sales    
REVENUES:    
Revenue from contract with customer 30,239 18,239
Natural gas liquid sales    
REVENUES:    
Revenue from contract with customer $ 45,284 $ 23,776

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