v3.24.3
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
REVENUES:        
Net gain on natural gas, oil and NGL derivatives $ 37,966 $ 39,417 $ 74,487 $ 514,266
Total revenues 253,912 266,667 718,258 1,302,594
OPERATING EXPENSES:        
Lease operating expenses 18,218 15,627 50,843 51,644
Taxes other than income 6,833 7,216 22,111 25,849
Transportation, gathering, processing and compression 89,900 86,602 263,048 259,883
Depreciation, depletion and amortization 82,825 79,505 241,401 238,747
Impairment of oil and natural gas properties 30,487 0 30,487 0
General and administrative expenses 10,479 9,894 30,429 27,238
Restructuring costs     0 4,762
Accretion expense 583 639 1,705 2,117
Total operating expenses 239,325 199,483 640,024 610,240
INCOME FROM OPERATIONS 14,587 67,184 78,234 692,354
OTHER EXPENSE (INCOME):        
Interest expense 15,866 14,919 46,027 42,402
Loss on debt extinguishment 13,388 0 13,388 0
Other, net 3,133 (1,438) 3,530 (20,492)
Total other expense 32,387 13,481 62,945 21,910
(LOSS) INCOME BEFORE INCOME TAXES (17,800) 53,703 15,289 670,444
INCOME TAX EXPENSE (BENEFIT):        
Current 0 0 0 0
Deferred (3,833) (554,741) 3,433 (554,741)
Total income tax expense (benefit) (3,833) (554,741) 3,433 (554,741)
NET (LOSS) INCOME (13,967) 608,444 11,856 1,225,185
Dividends on preferred stock (1,093) (1,133) (3,293) (3,718)
Participating securities - preferred stock 0 (89,756) (1,259) (180,394)
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (15,060) $ 517,555 $ 7,304 $ 1,041,073
NET (LOSS) INCOME PER COMMON SHARE:        
Basic (in usd per share) $ (0.83) $ 27.72 $ 0.40 $ 55.72
Diluted (in usd per share) $ (0.83) $ 27.37 $ 0.40 $ 55.08
Weighted average common shares outstanding - Basic (in shares) 18,062 18,670 18,133 18,686
Weighted average common shares outstanding - Diluted (in shares) 18,062 18,954 18,463 18,937
Natural gas sales        
REVENUES:        
Revenue from contract with customer $ 159,862 $ 177,401 $ 492,606 $ 619,181
Oil and condensate sales        
REVENUES:        
Revenue from contract with customer 29,467 22,896 70,295 76,212
Natural gas liquid sales        
REVENUES:        
Revenue from contract with customer $ 26,617 $ 26,953 $ 80,870 $ 92,935

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