XML 18 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating Revenues:    
Gas sales $ 503 $ 315
Oil sales 23 11
NGL sales 40 17
Marketing 253 198
Gas gathering 27 38
Total Operating Revenues 846 579
Operating Costs and Expenses:    
Marketing purchases 251 196
Operating expenses 147 165
General and administrative expenses 50 54
Restructuring charges   64
Depreciation, depletion and amortization 106 143
Impairment of natural gas and oil properties   1,034
Taxes, other than income taxes 26 23
Total Operating Costs and Expenses 580 1,679
Operating Income (Loss) 266 (1,100)
Interest Expense:    
Interest on debt 58 53
Other interest charges 2 2
Interest capitalized (28) (41)
Total Interest Expense 32 14
Gain (Loss) on Derivatives 116 (14)
Loss on Early Extinguishment of Debt (1)  
Other Income (Loss), Net 2 (3)
Income (Loss) Before Income Taxes 351 (1,131)
Provision (Benefit) for Income Taxes:    
Deferred   1
Provision (Benefit) for Income Taxes   1
Net Income (Loss) 351 (1,132)
Mandatory convertible preferred stock dividend 27 27
Participating securities - mandatory convertible preferred stock 43  
Net Income (Loss) Attributable to Common Stock $ 281 $ (1,159)
Earnings (Loss) Per Common Share:    
Basic $ 0.57 $ (3.03)
Diluted $ 0.57 $ (3.03)
Weighted Average Common Shares Outstanding:    
Basic 493,068,000 382,870,847
Diluted 494,494,995 382,870,847