REVENUE RECOGNITION (Tables)

6 Months Ended

Jun. 30, 2024

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue by Segment

The following table reconciles operating revenues as presented on the consolidated statements of operations to the operating revenues by segment:

(in millions)	E&P		Marketing		Intersegment Revenues		Total
Three months ended June 30, 2024
Gas sales	$	395	$	—	$	16	$	411
Oil sales	89		—		1		90
NGL sales	158		—		—		158
Marketing	—		1,057		(633)		424
Total	$	642	$	1,057	$	(616)	$	1,083
(in millions)
Three months ended June 30, 2023
Gas sales	$	535	$	—	$	16	$	551
Oil sales	91		—		1		92
NGL sales	153		—		—		153
Marketing	—		1,231		(756)		475
Other (1)	(2)		—		—		(2)
Total	$	777	$	1,231	$	(739)	$	1,269

(in millions)	E&P		Marketing		Intersegment Revenues		Total
Six months ended June 30, 2024
Gas sales	$	966	$	—	$	29	$	995
Oil sales	170		—		2		172
NGL sales	332		—		—		332
Marketing	—		2,434		(1,431)		1,003
Other (1)	(2)		—		—		(2)
Total	$	1,466	$	2,434	$	(1,400)	$	2,500
(in millions)
Six months ended June 30, 2023
Gas sales	$	1,671	$	—	$	25	$	1,696
Oil sales	185		—		2		187
NGL sales	354		—		—		354
Marketing	—		3,272		(2,118)		1,154
Other (1)	(4)		—		—		(4)
Total	$	2,206	$	3,272	$	(2,091)	$	3,387

(1)For the six months ended June 30, 2024 and the three and six months ended June 30, 2023, other E&P revenues consist primarily of losses on purchaser imbalances associated with natural gas and certain NGLs.

Disaggregation of Revenue on Geographic Basis

Associated E&P revenues are also disaggregated for analysis on a geographic basis by the core areas in which the Company operates, which are Appalachia and Haynesville.

	For the three months ended June 30,				For the six months ended June 30,
(in millions)	2024		2023		2024		2023
Appalachia	$	424	$	468	$	978	$	1,391
Haynesville	218		309		488		815
Total	$	642	$	777	$	1,466	$	2,206

Reconciliation of Accounts Receivable

The following table reconciles the Company’s receivables from contracts with customers to consolidated accounts receivable as presented on the consolidated balance sheet:

(in millions)	June 30, 2024		December 31, 2023
Receivables from contracts with customers	$	477	$	622
Other accounts receivable	67		58
Total accounts receivable	$	544	$	680