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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues and other income:        
Revenues and other income $ 547,769,000 $ 845,816,000 $ 2,013,821,000 $ 2,361,898,000
Derivative fair value income (loss) 74,676,000 (34,591,000) 208,190,000 (151,890,000)
Total revenues and other income 622,445,000 811,225,000 2,222,011,000 2,210,008,000
Costs and expenses:        
Production and ad valorem taxes 7,805,000 9,427,000 29,004,000 29,493,000
Brokered natural gas and marketing 79,938,000 116,080,000 313,360,000 274,421,000
Exploration 11,013,000 8,299,000 27,333,000 23,517,000
Abandonment and impairment of unproved properties 16,202,000 6,549,000 41,631,000 73,244,000
General and administrative 41,047,000 43,722,000 138,316,000 159,722,000
Termination costs 819,000 (336,000) 3,025,000 (373,000)
Deferred compensation plan (8,871,000) 223,000 (16,432,000) (559,000)
Interest 46,997,000 54,801,000 150,261,000 161,048,000
Gain on early extinguishment of debt (2,985,000) 0 (2,985,000) 0
Depletion, depreciation and amortization 137,751,000 164,266,000 417,974,000 487,558,000
Impairment of proved properties 0 0 0 22,614,000
Loss (gain) on the sale of assets 36,341,000 30,000 30,663,000 (149,000)
Total costs and expenses 697,245,000 738,549,000 2,134,420,000 2,153,772,000
(Loss) income before income taxes (74,800,000) 72,676,000 87,591,000 56,236,000
Income tax (benefit) expense:        
Current 4,079,000 0 4,079,000 0
Deferred (51,298,000) 24,137,000 (5,511,000) 38,295,000
Total (benefit) expense for income taxes (47,219,000) 24,137,000 (1,432,000) 38,295,000
Net (loss) income $ (27,581,000) $ 48,539,000 $ 89,023,000 $ 17,941,000
Net (loss) income per common share:        
Basic $ (0.11) $ 0.19 $ 0.35 $ 0.07
Diluted (0.11) 0.19 0.35 0.07
Dividends paid per common share $ 0.02 $ 0.02 $ 0.06 $ 0.06
Weighted average common shares outstanding:        
Basic 248,082 246,451 247,878 246,016
Diluted 248,082 247,166 248,823 246,879
Natural Gas, NGLs and Oil Sales        
Revenues and other income:        
Revenues and other income $ 474,754,000 $ 736,431,000 $ 1,709,987,000 $ 2,094,450,000
Brokered Natural Gas, Marketing and Other        
Revenues and other income:        
Revenues and other income 73,015,000 109,385,000 303,834,000 267,448,000
Direct Operating        
Costs and expenses:        
Costs and expenses 35,276,000 30,926,000 102,484,000 104,136,000
Transportation, Gathering, Processing and Compression        
Costs and expenses:        
Costs and expenses $ 295,912,000 $ 304,562,000 $ 899,786,000 $ 819,100,000