v3.22.2.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 4 Months Ended 5 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2021
May 17, 2021
Sep. 30, 2022
REVENUES:          
Net loss on natural gas, oil and NGL derivatives $ (474,895) $ (622,476) $ (762,134) $ (137,239) $ (1,436,317)
Total revenues 191,102 (242,528) (236,804) 273,037 348,620
OPERATING EXPENSES:          
Lease operating expenses 15,363 13,864 17,980 19,524 47,246
Taxes other than income 16,529 11,844 16,900 12,349 45,679
Transportation, gathering, processing and compression 89,234 84,435 125,811 161,086 261,778
Depreciation, depletion and amortization 64,419 62,573 94,935 62,764 189,305
Impairment of oil and natural gas properties     117,813 0 0
Impairment of other property and equipment     0 14,568 0
General and administrative expenses 8,752 16,691 23,209 19,175 24,128
Restructuring and liability management expenses 0 2,858 2,858 0 0
Accretion expense 673 488 714 1,229 2,057
Total operating expenses 194,970 192,753 400,220 290,695 570,193
LOSS FROM OPERATIONS (3,868) (435,281) (637,024) (17,658) (221,573)
OTHER EXPENSE (INCOME):          
Interest expense 15,461 16,351 25,245 4,159 43,679
Loss from equity method investments, net     0 342 0
Reorganization items, net     0 (266,898) 0
Other, net (857) 9,031 7,980 1,713 (11,385)
Total other expense 14,604 25,382 33,225 (260,684) 32,294
(LOSS) INCOME BEFORE INCOME TAXES (18,472) (460,663) (670,249) 243,026 (253,867)
Income tax expense 0 650 650 (7,968) 0
NET (LOSS) INCOME (18,472) (461,313) (670,899) 250,994 (253,867)
Dividends on preferred stock (1,309) (2,095) (3,126) 0 (4,136)
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (19,781) $ (463,408) $ (674,025) $ 250,994 $ (258,003)
NET LOSS PER COMMON SHARE:          
Basic (in usd per share) $ (1.01) $ (22.50) $ (32.87) $ 1.56 $ (12.58)
Diluted (in usd per share) $ (1.01) $ (22.50) $ (32.87) $ 1.56 $ (12.58)
Weighted average common shares outstanding - Basic (in shares) 19,635 20,598 20,507 160,834 20,514
Weighted average common shares outstanding - Diluted (in shares) 19,635 20,598 20,507 160,834 20,514
Natural gas sales          
REVENUES:          
Revenue from contract with customer $ 585,596 $ 301,516 $ 413,234 $ 344,390 $ 1,529,898
Oil and condensate sales          
REVENUES:          
Revenue from contract with customer 36,050 33,279 50,866 29,106 111,298
Natural gas liquid sales          
REVENUES:          
Revenue from contract with customer $ 44,351 $ 45,153 $ 61,230 $ 36,780 $ 143,741

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