Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.8.0.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:      
Natural gas sales $ 845,999,000 $ 420,128,000 $ 324,733,000
Oil and condensate sales 124,568,000 81,173,000 122,615,000
Natural gas liquid sales 136,057,000 59,115,000 58,129,000
Net gain (loss) on natural gas, oil, and NGL derivatives 213,679,000 (174,506,000) 203,513,000
Total revenues 1,320,303,000 385,910,000 708,990,000
Costs and expenses:      
Lease operating expenses 80,246,000 68,877,000 69,475,000
Production taxes 21,126,000 13,276,000 14,740,000
Midstream gathering and processing 248,995,000 165,972,000 138,590,000
Depreciation, depletion and amortization 364,629,000 245,974,000 337,694,000
Impairment of oil and natural gas properties 0 715,495,000 1,440,418,000
General and administrative 52,938,000 43,409,000 41,967,000
Accretion expense 1,611,000 1,057,000 820,000
Acquisition expense 2,392,000 0 0
Total costs and expenses 771,937,000 1,254,060,000 2,043,704,000
INCOME (LOSS) FROM OPERATIONS 548,366,000 (868,150,000) (1,334,714,000)
OTHER (INCOME) EXPENSE:      
Interest expense 108,198,000 63,530,000 51,221,000
Interest income (1,009,000) (1,230,000) (643,000)
Insurance proceeds 0 (5,718,000) (10,015,000)
Loss on debt extinguishment 0 23,776,000 0
Loss from equity method investments, net 5,257,000 33,985,000 106,093,000
Other (income) expense (1,041,000) 129,000 (485,000)
Total Other (Income) Expense 111,405,000 114,472,000 146,171,000
INCOME (LOSS) BEFORE INCOME TAXES 436,961,000 (982,622,000) (1,480,885,000)
INCOME TAX EXPENSE (BENEFIT) 1,809,000 (2,913,000) (256,001,000)
NET INCOME (LOSS) $ 435,152,000 $ (979,709,000) $ (1,224,884,000)
NET INCOME (LOSS) PER COMMON SHARE:      
Basic (usd per share) $ 2.42 $ (7.97) $ (12.27)
Diluted (usd per share) $ 2.41 $ (7.97) $ (12.27)
Weighted average common shares outstanding - Basic (shares) 179,834,146 122,952,866 99,792,401
Weighted average common shares outstanding - Diluted (shares) 180,253,024 122,952,866 99,792,401