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CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
OPERATING REVENUES    
Natural gas $ 412,108 $ 433,442
Crude oil and condensate 48,722 42,990
Gain on derivative instruments 5,577 33,384
Brokered natural gas 4,950 4,695
Other 1,870 3,332
TOTAL OPERATING REVENUES 473,227 517,843
OPERATING EXPENSES    
Direct operations 20,070 24,641
Transportation and gathering 112,125 123,474
Brokered natural gas 4,950 4,046
Taxes other than income 7,190 9,058
Exploration 3,617 6,198
Depreciation, depletion and amortization 82,128 135,100
General and administrative 24,060 23,700
TOTAL OPERATING EXPENSES 254,140 326,217
Loss on equity method investments (994) (1,283)
Loss on sale of assets (41,049) (223)
INCOME FROM OPERATIONS 177,044 190,120
Interest expense, net 20,058 20,771
Other expense 114 424
Income before income taxes 156,872 168,925
Income tax expense 39,641 63,205
NET INCOME $ 117,231 $ 105,720
Earnings per share    
Basic (in dollars per share) $ 0.26 $ 0.23
Diluted (in dollars per share) $ 0.25 $ 0.23
Weighted-average common shares outstanding    
Basic (in shares) 459,715 465,348
Diluted (in shares) 461,549 466,888
Dividends per common share (in dollars per share) $ 0.06 $ 0.02