QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) (Tables)

12 Months Ended

Dec. 31, 2019

Quarterly data for the years end December 31, 2019 and 2018 is as follows:


	Quarter Ended
(In thousands, except per share data)	March 31,		June 30,		September 30,		December 31,
2019
Total Revenues	$	(6,934)	$	186,440	$	233,883	$	59,013
Gain (Loss) on Derivative Instruments, Net	(139,623)		36,591		75,892		(101,697)
Total Operating Expenses	88,371		94,200		112,784		121,538

Income (Loss) from Operations	(95,305)		92,239		121,100		(62,525)
Other Income (Expense)	(11,857)		(47,840)		(26,719)		(45,412)
Income Tax Benefit	—		—		—		—
Net Income (Loss)	(107,162)		44,399		94,381		(107,937)
Net Income (Loss) Per Common Share – Basic	(0.29)		0.12		0.24		(0.27)
Net Income (Loss) Per Common Share – Diluted	(0.29)		0.12		0.24		(0.27)
	Quarter Ended
	March 31,		June 30,		September 30,		December 31,
2018
Total Revenues	$	66,613	$	66,846	$	102,269	$	443,196
Gain (Loss) on Derivative Instruments, Net	(20,271)		(42,203)		(43,148)		290,628
Total Operating Expenses	40,708		50,528		66,673		88,387

Income from Operations	25,905		16,318		35,597		354,809
Other Income (Expense)	(22,940)		(112,866)		(16,618)		(136,571)
Income Tax Benefit	—		—		—		(55)
Net Income (Loss)	2,965		(96,547)		18,979		218,292
Net Income (Loss) Per Common Share – Basic	0.05		(0.49)		0.06		0.58
Net Income (Loss) Per Common Share – Diluted	0.05		(0.49)		0.06		0.58