Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

v3.7.0.1
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Natural gas sales $ 205,367 $ 75,761 $ 383,204 $ 149,855
Oil and condensate sales 29,468 23,161 53,879 39,000
Natural gas liquid sales 24,247 10,311 55,426 19,604
Net gain (loss) on natural gas, oil, and NGL derivatives 64,871 (137,392) 164,448 (79,657)
Total revenues 323,953 (28,159) 656,957 128,802
Costs and expenses:        
Lease operating expenses 20,721 14,661 40,024 31,318
Production taxes 5,139 2,856 9,045 5,967
Midstream gathering and processing 58,945 39,349 106,886 77,001
Depreciation, depletion and amortization 82,246 55,652 148,237 121,129
Impairment of oil and natural gas properties 0 170,621 0 389,612
General and administrative 12,257 11,854 24,857 22,474
Accretion expense 410 261 692 508
Acquisition expense 1,060 0 2,358 0
Total costs and expenses 180,778 295,254 332,099 648,009
INCOME (LOSS) FROM OPERATIONS 143,175 (323,413) 324,858 (519,207)
OTHER (INCOME) EXPENSE:        
Interest expense 24,188 16,082 47,667 32,105
Interest income (48) (391) (890) (485)
(Income) loss from equity method investments 13,301 836 18,208 31,573
Other income (202) (7) (518) (9)
Total other (income) expense 37,239 16,520 64,467 63,184
INCOME (LOSS) BEFORE INCOME TAXES 105,936 (339,933) 260,391 (582,391)
INCOME TAX BENEFIT 0 (157) 0 (348)
NET INCOME (LOSS) $ 105,936 $ (339,776) $ 260,391 $ (582,043)
NET INCOME (LOSS) PER COMMON SHARE:        
Basic (in dollars per share) $ 0.58 $ (2.71) $ 1.47 $ (4.91)
Diluted (in dollars per share) $ 0.58 $ (2.71) $ 1.47 $ (4.91)
Weighted average common shares outstanding - Basic (shares) 182,840,213 125,343,723 176,591,166 118,426,654
Weighted average common shares outstanding - Diluted (shares) 182,841,730 125,343,723 176,842,239 118,426,654