v3.21.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands
3 Months Ended 4 Months Ended 5 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
May 17, 2021
Sep. 30, 2020
REVENUES:          
Net (loss) gain on natural gas, oil and NGL derivatives $ (622,476,000) $ (53,823,000) $ (762,134,000) $ (137,239,000) $ 71,414,000
Total Revenues (242,528,000) 136,176,000 (236,804,000) 273,037,000 621,815,000
OPERATING EXPENSES:          
Lease operating expenses 13,864,000 13,393,000 17,980,000 19,524,000 41,166,000
Taxes other than income 11,844,000 6,102,000 16,900,000 12,349,000 19,039,000
Transportation, gathering, processing and compression 84,435,000 110,567,000 125,811,000 161,086,000 334,789,000
Depreciation, depletion and amortization 62,573,000 51,551,000 94,935,000 62,764,000 194,369,000
Impairment of oil and natural gas properties 0 270,874,000 117,813,000 0 1,357,099,000
Impairment of other property and equipment     0 14,568,000 0
General and administrative expenses 16,691,000 20,331,000 23,209,000 19,175,000 45,719,000
Restructuring and liability management expenses 2,858,000 8,984,000 2,858,000 0 9,601,000
Accretion expense 488,000 774,000 714,000 1,229,000 2,270,000
Total Operating Expenses 192,753,000 482,576,000 400,220,000 290,695,000 2,004,052,000
LOSS FROM OPERATIONS (435,281,000) (346,400,000) (637,024,000) (17,658,000) (1,382,237,000)
OTHER EXPENSE (INCOME):          
Interest expense 16,351,000 34,321,000 25,245,000 4,159,000 99,677,000
Gain on debt extinguishment     0 0 (49,579,000)
Loss from equity method investments, net 0 153,000 0 342,000 10,987,000
Reorganization items, net     0 (266,898,000) 0
Other, net 9,031,000 89,000 7,979,000 1,711,000 8,957,000
Total Other Expense (Income) 25,382,000 34,563,000 33,224,000 (260,686,000) 70,042,000
(LOSS) INCOME BEFORE INCOME TAXES (460,663,000) (380,963,000) (670,248,000) 243,028,000 (1,452,279,000)
Income tax expense (benefit) 650,000 0 650,000 (7,968,000) 7,290,000
NET (LOSS) INCOME (461,313,000) (380,963,000) (670,898,000) 250,996,000 (1,459,569,000)
Dividends on New Preferred Stock (2,095,000) 0 (3,126,000) 0 0
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (463,408,000) $ (380,963,000) $ (674,024,000) $ 250,996,000 $ (1,459,569,000)
NET (LOSS) INCOME PER COMMON SHARE:          
Basic (in usd per share) $ (22.50) $ (2.37) $ (32.87) $ 1.56 $ (9.12)
Diluted (in usd per share) $ (22.50) $ (2.37) $ (32.87) $ 1.56 $ (9.12)
Weighted average common shares outstanding - Basic (in shares) 20,598 160,683 20,507 160,834 160,053
Weighted average common shares outstanding - Diluted (in shares) 20,598 160,683 20,507 160,834 160,053
Natural gas sales          
REVENUES:          
Revenue from contract with customer $ 301,516,000 $ 155,163,000 $ 413,234,000 $ 344,390,000 $ 456,859,000
Oil and condensate sales          
REVENUES:          
Revenue from contract with customer 33,279,000 16,012,000 50,866,000 29,106,000 47,553,000
Natural gas liquid sales          
REVENUES:          
Revenue from contract with customer $ 45,153,000 $ 18,824,000 $ 61,230,000 $ 36,780,000 $ 45,989,000

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