Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

v3.7.0.1
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues:    
Gas sales $ 177,837 $ 74,094
Oil and condensate sales 24,411 15,839
Natural gas liquid sales 31,179 9,293
Net gain on gas, oil, and NGL derivatives 99,577 57,735
Total revenues 333,004 156,961
Costs and expenses:    
Lease operating expenses 19,303 16,657
Production taxes 3,906 3,111
Midstream gathering and processing 47,941 37,652
Depreciation, depletion and amortization 65,991 65,477
Impairment of oil and gas properties 0 218,991
General and administrative 12,600 10,620
Accretion expense 282 247
Acquisition expense 1,298 0
Total costs and expenses 151,321 352,755
INCOME (LOSS) FROM OPERATIONS 181,683 (195,794)
OTHER (INCOME) EXPENSE:    
Interest expense 23,479 16,023
Interest income (842) (94)
(Income) loss from equity method investments 4,907 30,737
Other income (316) (2)
Total other (income) expense 27,228 46,664
INCOME (LOSS) BEFORE INCOME TAXES 154,455 (242,458)
INCOME TAX BENEFIT 0 (191)
NET INCOME (LOSS) $ 154,455 $ (242,267)
NET INCOME (LOSS) PER COMMON SHARE:    
Basic (in dollars per share) $ 0.91 $ (2.17)
Diluted (in dollars per share) $ 0.91 $ (2.17)
Weighted average common shares outstanding - Basic (shares) 170,272,685 111,509,585
Weighted average common shares outstanding - Diluted (shares) 170,488,519 111,509,585