XML 16 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Total oil and gas sales $ 511,176 $ 178,011 $ 1,195,354 $ 583,424
Operating expenses:        
Production and ad valorem taxes 16,675 9,798 36,468 27,768
Gathering and transportation 35,402 22,422 96,596 77,423
Lease operating 26,576 25,412 77,150 79,110
Depreciation, depletion and amortization 128,739 99,056 359,313 312,828
General and administrative 8,052 8,974 23,952 25,991
Exploration 0 0 0 27
Gain on sale of assets (14) (16) (93) (16)
Total operating expenses 215,430 165,646 593,386 523,131
Operating income 295,746 12,365 601,968 60,293
Other income (expenses):        
Loss from derivative financial instruments (510,319) (121,579) (756,026) (71,978)
Other expense 197 489 1,008 793
Interest expense (49,954) (63,890) (170,645) (168,764)
Loss on early retirement of debt 0 0 (352,599) (861)
Total other expenses (560,076) (184,980) (1,278,262) (240,810)
Loss before income taxes (264,330) (172,615) (676,294) (180,517)
Benefit from (provision for) income taxes (23,976) 46,123 74,168 46,177
Net loss (288,306) (126,492) (602,126) (134,340)
Preferred stock dividends and accretion (4,411) (4,398) (13,089) (26,596)
Net loss available to common stockholders $ (292,717) $ (130,890) $ (615,215) $ (160,936)
Net loss per share:        
Basic (in dollars per share) $ (1.26) $ (0.57) $ (2.66) $ (0.77)
Diluted (in dollars per share) $ (1.26) $ (0.57) $ (2.66) $ (0.77)
Weighted average shares outstanding:        
Basic (in shares) 231,747 231,223 231,519 209,760
Diluted (in shares) 231,747 231,223 231,519 209,760
Natural gas sales        
Revenues:        
Total oil and gas sales $ 488,303 $ 168,374 $ 1,133,783 $ 547,975
Oil sales        
Revenues:        
Total oil and gas sales $ 22,873 $ 9,637 $ 61,571 $ 35,449