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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue and Other Operating Income (Loss):        
Gain (Loss) on Commodity Derivative Instruments $ 542,472 $ (652,643) $ 1,304,639 $ (2,379,036)
Other Revenue and Operating Income 30,812 23,103 52,170 45,933
Total Revenue and Other Operating Income (Loss) 839,700 420,418 2,115,676 (492,680)
Operating Expense        
Lease Operating Expense 13,092 14,282 29,566 29,680
Production, Ad Valorem and Other Fees 5,419 9,958 15,060 19,885
Depreciation, Depletion and Amortization 103,682 116,180 208,904 234,803
Purchased Gas Costs 8,794 46,041 43,140 90,858
Selling, General, and Administrative Costs 30,017 30,454 66,593 62,014
Other Operating Expense 21,031 20,539 36,169 32,709
Total Operating Expense 271,634 330,523 592,231 652,993
Other Expense        
Other Expense 2,510 5,179 3,679 4,441
Gain on Asset Sales and Abandonments, net (105,986) (6,240) (115,468) (19,634)
Loss on Debt Extinguishment 0 12,981 0 12,981
Interest Expense 34,820 31,051 70,556 58,121
Total Other (Income) Expense (68,656) 42,971 (41,233) 55,909
Total Costs and Expenses 202,978 373,494 550,998 708,902
Income (Loss) Before Income Tax 636,722 46,924 1,564,678 (1,201,582)
Income Tax Expense (Benefit) 161,767 13,567 379,328 (311,997)
Net Income (Loss) $ 474,955 $ 33,357 $ 1,185,350 $ (889,585)
Earnings (Loss) per Share        
Basic (in usd per share) $ 2.89 $ 0.17 $ 7.13 $ (4.52)
Diluted (in usd per share) 2.47 0.15 6.09 (4.52)
Dividends Declared (in usd per share) $ 0 $ 0 $ 0 $ 0
Natural Gas, NGLs and Oil Revenue        
Revenue and Other Operating Income (Loss):        
Revenues $ 257,061 $ 1,003,406 $ 712,700 $ 1,748,030
Purchased Gas Revenue        
Revenue and Other Operating Income (Loss):        
Revenues 9,355 46,552 46,167 92,393
Transportation, Gathering and Compression        
Operating Expense        
Cost of Goods Sold 87,872 88,357 185,968 176,644
Exploration and Production Related Other Costs        
Operating Expense        
Cost of Goods Sold $ 1,727 $ 4,712 $ 6,831 $ 6,400