Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

v3.22.2.2
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Operating Revenues:        
Total operating revenues $ 835,877 $ 552,562 $ 2,526,715 $ 1,352,842
Operating Expenses:        
Lease operating 76,121 42,706 216,389 129,619
Production and ad valorem taxes 43,290 26,070 125,841 66,467
Gathering, transportation and processing 27,575 20,875 71,617 58,887
Depreciation, depletion and amortization 122,833 89,890 335,221 244,005
General and administrative 14,022 9,503 42,052 37,367
Merger, integration and transaction 0 3,018 769 3,018
Total operating expenses 395,280 241,454 1,169,996 678,921
Income From Operations 440,597 311,108 1,356,719 673,921
Other (Income) Expenses:        
Interest expense, net of capitalized amounts 19,468 27,736 61,717 76,786
(Gain) loss on derivative contracts (134,850) 107,169 305,098 512,155
(Gain) loss on extinguishment of debt 0 (2,420) 42,417 (2,420)
Other (income) expense 2,861 4,305 3,130 6,583
Total other (income) expense (112,521) 136,790 412,362 593,104
Income Before Income Taxes 553,118 174,318 944,357 80,817
Income tax expense (3,515) (2,416) (7,008) (1,017)
Net Income $ 549,603 $ 171,902 $ 937,349 $ 79,800
Net Income Per Common Share:        
Basic (in dollars per share) $ 8.91 $ 3.71 $ 15.21 $ 1.77
Diluted (in dollars per share) $ 8.88 $ 3.65 $ 15.14 $ 1.69
Weighted Average Common Shares Outstanding:        
Basic (in shares) 61,703 46,290 61,624 45,063
Diluted (in shares) 61,870 47,096 61,927 47,119
Oil        
Operating Revenues:        
Total operating revenues $ 575,852 $ 409,293 $ 1,748,913 $ 1,009,780
Natural gas        
Operating Revenues:        
Total operating revenues 81,018 36,519 189,907 84,819
Natural gas liquids        
Operating Revenues:        
Total operating revenues 67,548 58,097 210,696 124,079
Sales of purchased oil and gas        
Operating Revenues:        
Total operating revenues 111,459 48,653 377,199 134,164
Operating Expenses:        
Cost of purchased oil and gas $ 111,439 $ 49,392 $ 378,107 $ 139,558