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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Total oil and gas sales $ 946,254 $ 343,693 $ 1,515,668 $ 684,178
Operating expenses:        
Production and ad valorem taxes 21,729 10,141 35,549 19,793
Gathering and transportation 36,964 31,736 69,057 61,194
Lease operating 25,079 26,011 51,265 50,574
Exploration 2,342 0 3,363 0
Depreciation, depletion and amortization 119,201 121,446 225,929 230,574
Gas services 82,778 0 123,453 0
General and administrative 9,063 7,872 17,286 15,900
Gain on sale of assets (19) (9) (21) (79)
Total operating expenses 297,137 197,197 525,881 377,956
Operating income 649,117 146,496 989,787 306,222
Other income (expenses):        
Loss from derivative financial instruments (72,826) (223,958) (510,319) (245,707)
Other income 182 530 450 811
Interest expense (44,320) (56,880) (90,811) (120,691)
Loss on early retirement of debt (46,840) (114,060) (46,840) (352,599)
Total other expenses (163,804) (394,368) (647,520) (718,186)
Income (loss) before income taxes 485,313 (247,872) 342,267 (411,964)
(Provision for) benefit from income taxes (108,422) 68,177 (76,800) 98,144
Net income (loss) 376,891 (179,695) 265,467 (313,820)
Preferred stock dividends (4,363) (4,363) (8,678) (8,678)
Net income (loss) available to common stockholders $ 372,528 $ (184,058) $ 256,789 $ (322,498)
Net income (loss) per share:        
Basic (in dollars per share) $ 1.60 $ (0.80) $ 1.10 $ (1.39)
Diluted (in dollars per share) $ 1.36 $ (0.80) $ 0.96 $ (1.39)
Weighted average shares outstanding:        
Basic (in shares) 232,045 231,428 232,011 231,403
Diluted (in shares) 277,614 231,428 277,485 231,403
Total oil and gas sales        
Revenues:        
Total oil and gas sales $ 861,342 $ 343,693 $ 1,386,183 $ 684,178
Natural gas sales        
Revenues:        
Total oil and gas sales 858,838 321,520 1,381,795 645,480
Oil sales        
Revenues:        
Total oil and gas sales 2,504 22,173 4,388 38,698
Gas services        
Revenues:        
Total oil and gas sales $ 84,912 $ 0 $ 129,485 $ 0