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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues and other income:        
Natural gas, NGLs and oil sales $ 252,065 $ 446,067 $ 835,601 $ 1,495,601
Derivative fair value income (loss) 202,004 142,057 290,052 (28,902)
(Loss) gain on the sale of assets (681) 167 2,053 281,878
Brokered natural gas, marketing and other 25,864 28,324 61,688 90,904
Total revenues and other income 479,252 616,615 1,189,394 1,839,481
Costs and expenses:        
Direct operating 35,058 37,792 106,975 112,522
Transportation, gathering and compression 99,634 84,777 284,258 235,747
Production and ad valorem taxes 7,336 10,110 26,506 32,632
Brokered natural gas and marketing 32,331 28,706 80,924 97,610
Exploration 4,235 11,443 17,146 39,910
Abandonment and impairment of unproved properties 12,366 13,444 36,187 32,771
General and administrative 46,178 54,963 150,471 161,063
Termination costs (77) 0 6,290 0
Deferred compensation plan (43,705) (46,198) (56,611) (37,714)
Interest 42,904 39,188 125,590 130,077
Loss on early extinguishment of debt 22,495 0 22,495 24,596
Depletion, depreciation and amortization 153,993 142,450 453,178 404,493
Impairment of proved properties and other assets 502,233 0 502,233 24,991
Total costs and expenses 914,981 376,675 1,755,642 1,258,698
(Loss) income before income taxes (435,729) 239,940 (566,248) 580,783
Income tax (benefit) expense:        
Current 0 0 0 5
Deferred (134,781) 93,522 (174,390) 230,450
Total income tax expense (benefit) (134,781) 93,522 (174,390) 230,455
Net (loss) income $ (300,948) $ 146,418 $ (391,858) $ 350,328
Net (loss) income per common share:        
Basic $ (1.81) $ 0.87 $ (2.36) $ 2.11
Diluted (1.81) 0.86 (2.36) 2.10
Dividends paid per common share $ 0.04 $ 0.04 $ 0.12 $ 0.12
Weighted average common shares outstanding:        
Basic 166,517 165,841 166,327 162,866
Diluted 166,517 166,460 166,327 163,685