Annual report pursuant to Section 13 and 15(d)

Supplemental Quarterly Financial Information (Unaudited) (Tables)

v3.19.3.a.u2
Supplemental Quarterly Financial Information (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
2019
 
First Quarter (2)
 
Second Quarter (3)
 
Third Quarter (4)
 
Fourth Quarter (5)
 
 
(In thousands, except per share amounts)
Total operating revenues
 

$153,047

 

$167,052

 

$155,378

 

$196,095

Income from operations
 
43,225

 
58,509

 
52,544

 
18,380

Net income (loss)
 
(19,543
)
 
55,180

 
55,834

 
(23,543
)
Income (loss) available to common stockholders
 
(21,367
)
 
53,357

 
47,180

 
(23,543
)
 
 
 
 
 
 
 
 
 
Income (loss) available to common stockholders per common share (1)
 
 
 
 
 
 
 
 
Basic
 

($0.09
)
 

$0.23

 

$0.21

 

($0.09
)
Diluted
 

($0.09
)
 

$0.23

 

$0.21

 

($0.09
)

2018
 
First Quarter
 
Second Quarter (6)
 
Third Quarter (7)
 
Fourth Quarter (8)
 
 
(In thousands, except per share amounts)
Total operating revenues
 

$127,440

 

$137,075

 

$161,214

 

$161,895

Income from operations
 
60,986

 
67,400

 
72,811

 
58,333

Net income
 
55,761

 
50,474

 
37,931

 
156,194

Income available to common stockholders
 
53,937

 
48,650

 
36,108

 
154,370

 
 
 
 
 
 
 
 
 
Income available to common stockholders per common share (1)
 
 
 
 
 
 
 
 
Basic
 

$0.27

 

$0.23

 

$0.16

 

$0.68

Diluted
 

$0.27

 

$0.23

 

$0.16

 

$0.68


 
(1)
The sum of quarterly income (loss) available to common stockholders per common share does not agree with the total year income (loss) available to common stockholders per common share as each computation is based on the weighted average of common shares outstanding during the period.
(2)
First quarter of 2019 included the following:
a. $67.3 million loss on derivative contracts
(3)
Second quarter of 2019 included the following:
a. $14.0 million gain on derivative contracts
(4)
Third quarter of 2019 included the following:
a. $21.8 million gain on derivative contracts
b. $5.9 million of merger and integration costs associated with the merger with Carrizo
c. $8.3 million loss on redemption of Preferred Stock
(5)
Fourth quarter of 2019 included the following:
a. Activity from the Carrizo Acquisition subsequent to the December 20, 2019 closing date.
b. $68.4 million of merger and integration costs associated with the merger with Carrizo
c. $30.7 million loss on derivative contracts
d. $4.9 million loss on extinguishment of debt
(6)
Second quarter of 2018 included the following:
a. $16.6 million loss on derivative contracts
(7)
Third quarter of 2018 included the following:
a. $34.3 million loss on derivative contracts
(8)
Fourth quarter of 2018 included the following:
a. 103.9 million gain on derivative contracts