Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

v3.8.0.1
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues:    
Natural gas sales $ 249,399 $ 177,837
Oil and condensate sales 45,686 24,411
Natural gas liquid sales 46,836 31,179
Net (loss) gain on natural gas, oil, and NGL derivatives (16,529) 99,577
Total revenues 325,392 333,004
Costs and expenses:    
Lease operating expenses 18,906 19,303
Production taxes 6,854 3,906
Midstream gathering and processing 64,193 47,941
Depreciation, depletion and amortization 111,018 65,991
General and administrative 13,099 12,600
Accretion expense 1,004 282
Acquisition expense 0 1,298
Total costs and expenses 215,074 151,321
INCOME (LOSS) FROM OPERATIONS 110,318 181,683
OTHER (INCOME) EXPENSE:    
Interest expense 33,965 23,479
Interest income (37) (842)
(Income) loss from equity method investments, net (13,536) 4,907
Other (income) expense (95) (316)
Total other (income) expense 20,297 27,228
INCOME (LOSS) BEFORE INCOME TAXES 90,021 154,455
INCOME TAX BENEFIT (69) 0
NET INCOME (LOSS) $ 90,090 $ 154,455
NET INCOME PER COMMON SHARE:    
Basic (in usd per share) $ 0.50 $ 0.91
Diluted (in usd per share) $ 0.50 $ 0.91
Weighted average common shares outstanding - Basic (in shares) 180,714,881 170,272,685
Weighted average common shares outstanding - Diluted (in shares) 180,802,301 170,488,519